Sing-a-ma-Jigs 2010 Hot XMAS toy - Suppliers Needed

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brownbandit25
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25 Sep 10 07:08:24 am
Hello All,

I am looking for someone who can supply a new line of toys from Fisher Price called "Sing-a-ma-Jigs". This toy is predicted to be the hottest selling toys of the christmas season because of it's "cuteness" and affordability.

Check them out online if you havent already heard of them!

I live in Canada and looking for a reputable wholesale supplier of these Sing-a-ma-jigs.

Personally I own an online toy company so I will be needing to LOAD up on these ASAP.

Thanks.

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richelle_salehoo
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26 Sep 10 10:00:49 pm
Hi brownbandit25,

I would be glad to help you locate suitable suppliers for Sing-a-ma-Jigs 2010 Hot XMAS toys. It may take a while but I'll be back as soon as I find a supplier (fingers crossed) =)

Talk to you soon!


Richelle

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richelle_salehoo
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27 Sep 10 11:32:11 pm
Hi brownbandit25,

Just an update: I'm still in the processed of searching for suppliers, so far I have found none that are suitable.. But I will keep searching and let you know by tomorrow.

Talk to you then :)


Richelle

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brownbandit25
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28 Sep 10 12:18:15 am
Hello Richelle,

Thanks very much for your help! I am also continuing my search and will post everything that I find here in this thread.

Currently I have found 1 supplier ONLY that looks somewhat reliable. They themselves have admitted that they do not yet have these toys on hand and will most likely be sold out on pre-orders alone. So nothing will hit stock.

I will post this supplier once I feel that they are reliable and have received at least 1 successful order. In the meantime, we will continue searching for a solid supplier of this toy.

Thanks.

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richelle_salehoo
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29 Sep 10 11:36:33 pm
Hi again brownbandit25,

I actually found a supplier on SaleHoo offering Sing-a-ma-jigs :)

Link hidden: Login to view - But you may need to do a pre-order. They are based in the US and ship internationally to most countries worldwide. They do not have an MOQ requirement.

I found other potential suppliers although, I'm not sure if they offer these toys at wholesale I still have to contact them to check. If and when I get a reply I will let you know of these other suppliers.

So far Toy-R-Us still offer sthe lowest price for these toys @ $12.99 - I have emailed them for a possible bulk order discount or if they offer a wholesale/reseller program. I'll update you when I hear from them.

Link hidden: Login to view

How did you do with your search? Hope the information above helps.

Talk to you soon :)


Richelle

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brownbandit25
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30 Sep 10 01:43:30 am
Hello Again,

Actually the supplier that you found is the exact same one I had found through Salehoo "entertainmentearth".

Unfortunately they do not have ANY currently in stock and after speaking with them over the phone I am not confident at all that they will have any more left over after their pre-orders.

Toy-R-US, Walmart, all show these toys on their site but I can 100% guarantee you that they are sold out. Richelle I'm not sure if you have much experience dealing with these larger stores but in my experience they do not accept Bulk order and do not provide any discounts for wholesale buyers. It is better off for wholesalers and business owners like myself to SUPPLY these chains with stock rather than to expect to purchase large orders from them. The way these types of stores make their profits is from retail sales after ordering them in absolute MASSIVE quantitied. They are not going to be interested AT ALL in selling hot-selling toys at bulk. LOL.

The problem at this time is finding a good reliable supplier and when I mean good supplier I guess what I meant by that is the supplier must either have these toys in stock OR can guarantee that their pre-sale orders will be filled (Which entertainmentearth can not do). Watch out for companies like this who ask for pre-orders sales but can never guarantee your order will be filled.

The most recent example of this is through IPad sales. Many suppliers especially wholesale suppliers received orders for hundreds and thousands of Ipads and many companies took these orders fully knowing that APPLE would not and could not guarantee any quantities to their distributors EXCEPT for a select few. There are some distribution channels that even Apple doesn't want to screw over and make sure they get their orders filled first prior to worrying about everyone else. I know some wholesalers who had thousands of dollars tied up with IPad orders and some still do waiting on shipments that continually get "delayed", "mis-counted", "under-prioritized" etc. One of these people I know ordered 100 units through pre-orders (you can imagine the amount of cash that takes) and to date has only received 10units.

Of course the issue remains that we as wholesalers and store owners would rather get the goods as opposed to a refund because we are trying to make profits not have our money and time wasted.

And yes I know there are plenty of these on Ebay and Amazon etc selling at retail prices but I challenge you all to see if any of these sellers are interested in bulk orders, I can guarantee you they are not. It's just not the right way to profit on these items.

All I'm saying is be careful with these pre-order things especially on Hot items because it may be a LONGGGG TIME before you see even a partial amount of your order. Entertainmentearth is asking for $11/pc for these toys and you can see by the toy-r-us price tag of $12.99each that the margins on these toys is almost nothing.

My backup plan to this is simple. If I can not find a reliable supplier for these toys who can supply me with at least 100pcs at a reasonable price, then I will go straight to the source. Why not just invest in "Mattel" ($23.55) or "Leap Frog" ($5.46) stocks. Both of these companies have massive plans for XMas 2010 and 2011 sales and this could be an "outside the box" thinking for making money here.

Rather than fight the crowds and other suppliers and battle over minimal margins on this item, invest in the actual companies behind them on a "Short" mentality. Don't look to profit from them for 5-10 years but look to make short plays in the markets especially buying them in early Spring and Summer and then selling them off usually 1-2 weeks prior to XMAS. It is a much safer play especially if you only have $500-$1000 or so in your budget for purchase of these toys. Then just sit back and watch all the nuts run each other over at Wal-Mart and Toys-R-Us to get them!

I have used this logic many times in the past researching major movies in the winter that will hit theatres in Summer and are expected to be major box office hits. I have many times invested in Time Warner (TWX) months prior to releases of major hit movies and cashed in quite nicely. All I would do is invest in the underlying ownership and productions companies of these kinds of movies and usually only hold them for 6-12 months max.


I know LONG POST but what do you guys think?

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richelle_salehoo
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30 Sep 10 10:10:02 pm
Hello brownbandit25,

A long post indeed but well worth the read :)

You're idea about investing directly in Mattel's/Leap Frog's stocks may well work and would of course be less of a hassle. Since all you have to do is buy your stock, sit back and wait for customer to buy the products and then you get your dividend. It does seem like a more easy way to go about it! Rather than going out of your mind thinking and searching for a viable supplier for something that seems to be totally sold out.

Anyway, I did get a reply from toyRus and they said that they can't entertain bulk sales online but has referred me to their Times Square Personal Shopping team for more details on bulk purchases. If you're interested here's the e-mail address: isbulkpurchases@toysrus.com

Also, I checked EntertainmentEarth.com and I couldn't find the $11/pc sing-a-ma-jigs - All I could find was an assortment of 8 for $119 (so that's $14.88 each) this being the reason I said that toysRus still offers the lowest price for these toys @ $12.99

I also tried using our Research Lab to see just how much of a demand there is for these toys and it's a bit puzzling how they are basically sold out yet have very low demand rates on eBay, eBay.UK, eBay.ca and eBay.au.

I do hope your stock investment plans work out well for you! All the best :)


Richelle

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irene_salehoo
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30 Sep 10 11:15:18 pm

Rather than fight the crowds and other suppliers and battle over minimal margins on this item, invest in the actual companies behind them on a "Short" mentality. Don't look to profit from them for 5-10 years but look to make short plays in the markets especially buying them in early Spring and Summer and then selling them off usually 1-2 weeks prior to XMAS. It is a much safer play especially if you only have $500-$1000 or so in your budget for purchase of these toys. Then just sit back and watch all the nuts run each other over at Wal-Mart and Toys-R-Us to get them!

I know LONG POST but what do you guys think?


I think that's neat, and you're quite generous to be sharing this secret that works. :) I do shop on sale early part of the year and stock them to be given as gifts every Christmas. It saved me 3/4 of my supposed to be holiday expenses. Now you've given me ideas to make cash with this practice.

Thanks!


Irene
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brownbandit25
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30 Sep 10 11:42:20 pm
Thanks for reading and the feedback guys!

Yes I think this idea is a way of getting around the usual avenues but let me just warn everyone to PLEASE DO YOUR DUE DILLIGENCE PRIOR TO INVESTING IN THE STOCK MARKET.

For the past 2-3 years as a Canadian investing in the american stock markets I have been getting added value because the Canadian dollar has gone close to par with the US Dollar. Where as in the 90's and early 2000's the cost to buy american stocks would cost not only the price they were listed at but also the cost in my exchanging my CDN into USD.

Now that the CDN dollar is constantly at around 0.96 - 0.98 to the USD I find there is 5-10% extra added value in me purchasing US stocks just due to the exchange differential.

Back to the topic at hand.

The $11/pc price from entertainmentearth came directly from a telephone conversation I had with them. They quoted me this price based on purchasing the largest quantity order from them which I believe he said was 60pcs or more (I was looking for 100pcs). They also state they will give you an additional 5% off if you sign up for an account with them.

$11 each (USD) at wholesale just to list them on my website at $18 (CDN)? Don't forget the $18cdn I was thinking to charge is still not a NET income figure minus paypal fees and exchange I think anyone would be lucky to NET $5 per toy on these things. So if I sell every single toy out of the 100 I get, we're looking to do $500 profit? Hmm?

I will be continuing to look for a solid supplier in the mean-time but at this point I would suggest anyone who is looking to load up on these toys just to forget it based on several different factors. My advice would be to take a look at the stock prices behind the toys themselves.

P.S. Don't let today's recall of millions of Mattel and Fisher Price toys get you down. Inevitably these toys are all produced in countries where labour is extremely cheap and obviously not as reliable. These companies frequently recall toys and products that they feel have even a chance to harm the general public. As you can see the news barely affected the stock price at all. Again please do your reasearch prior to diving into anything but we all know the best time to buy stock is when they are at a LOW not when they are at a HIGH.

Good Luck everyone and please post any thoughts you may have or advice you can pass along to me. I like listening to advice as much as I like giving it. ;-)

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richelle_salehoo
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1 Oct 10 12:01:37 am
Seems like we are learning a lot from you, brownbandit25! Thanks for sharing your tips, I'm sure others will find them equally helpful.

$500 profit seems decent (i think) but the availability is already an issue so its a big risk like you said to do a pre-order and invest your money with no guarantee of when the products or how many will really be available for you to sell.

On the other hand, there are still plenty of products that may well be a big hit this coming Christmas season too!

All the best - Hope to see more of you on the forum.

PS- Do add a picture to your profile, it would be nice to see the man behind these tips - thanks! :)


Richelle

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