commission on their extended warrantees, a quite substantial one in some cases. In
others I suspect that it gets passed directly on to either department managers or store
managers.
At 11:59 AM 2/3/04, you wrote:
They are about 90% profit for the retailer. Strangely, often there is no commission, but management really push the poor salespeople to push the damn things. Often your performance rating is tied to your sales of the things. And yes, they are insurance policies, but calling them extended warrenties in many states means they do not have to meet pesty insurance regulations, like having the funds to pay off.
--
David Mann wrote:On Feb 3, 2004, at 08:56, mike wilson wrote:
A friend purchased some extended warranties with some new appliances. She only bought them because they could be redeemed after five years for goods at the shop. The shop (a major retail chain) went belly up and the warranty company (basically an insurance company) said.....
The larger retailers here are really enjoying the concept of extended warranties. Its just another form of insurance and it seems to be quite lucrative.
I bought my new computer from a large department store because they had a good interest free finance deal. The salesman applied a LOT of pressure to try and convince me to purchase an extended warranty that would add 12.5% to the price.
I eventually managed to (very patiently) convince him that I didn't want the warranty and nothing he could do or say would make me take it. Even after he tried to sweeten the deal by reducing the price of the warranty by 60%. There must be a pretty good commission to be had from these things.
- Dave (sorry I've gone off-topic)
http://www.digistar.com/~dmann/
-- graywolf http://graywolfphoto.com
"You might as well accept people as they are, you are not going to be able to change them anyway."
I drink to make other people interesting.
-- George Jean Nathan
