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Paul_

Retail of padlocks, locks etc

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I've got a bit of spare space above my key boards that I am thinking with filling with padlocks, locks etc.

 

My question is am I wasting my time? I've got a bit of knowledge on the sale of these as I worked for many years as a rep for Colledges and I know lots of cobblers tried to sell these items but very few were really successful.

 

I'm considering it as I went to my only competitor this week (a hardware store) and while there noticed their once large display of locks etc was very depleted. Now was this because they are a waste of time for them or just bad shop management.

 

My theory is that for an outlay of say £200, I could have a tidy small display of padlocks (already got a few), cylinder replacement, mortise locks, cam locks and maybe even cash boxes and key cabinets.....or is even this a waste of £200?

 

Thanks, Paul

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I'm a commuter shop not on the high street, so my customers might want different than yours. But I've always done fairly well on padlocks. Recently expanding the range slightly more up market/higher security. I've always felt due to large range of locks you would have to dedicate a whole section of a wall to them, and would end up carry a lot of "dead "weight. Only exception would be some yale type cylinders, ( that you would not be able to compete with B & Q anywhere near on price)

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Start with a good quality budget range Tricircle is a good starting point although they don't do blister packs only boxed versions. If they sell we'll then go for Abus as Mick says. I sell over 6000 padlocks a year and none through websites. There is a huge market BUT there is a lot of competition especially from the internet. £200 is roughly what I spend a day on average over a year on padlocks alone.

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Tricircle is a good starting point although they don't do blister packs only boxed versions. 

We get Tricircle vacuum packed via MP Smith (Securit).They're actually crap, but unfortunately that's all some people want.

 

£200 is roughly what I spend a day on average over a year on padlocks alone.

 

You buy £200 worth of padlocks a day (trade prices)? WOW! Good going! :-)

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I have made the decision to continue to stock my budget range of padlocks and add a range of better quality ones too. I am thinking Squire and it's a known brand to the customer and eye catching packaging but will do more research.

 

Not going to bother with locks, cash boxes or key cabinets though.

 

Thanks for all your help and comments.

 

Paul

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