HulkSmash
New Member
Wow what a crazy thread this has become, thought I would chime in on the 3M profitability and he is working off of 12-15% profit margins on a good day. Oracal he makes a little bit more about 15-20% mayyyyybe, he makes his money from thousands of companies buying at low profit margins and upselling all the little knick knacks that go along with the wrap industry. I was one of the biggest 3M distributors if not the biggest on the west coast when Sone Systems was around (now its Lexjet) 3M would run dealer promotions on combo packs of controltac and lam and we would buy hundreds of them and the sales reps would break them apart and sell individually just to make another 5-7%. Frank has done a great job in the wrap industry and if you think he is making 30% profit I would say no way, with all his overhead he is probably closer to 10-12% when its all said and done.
Sorry Josh, you're way off on this. I have a few friends who buy alot of wrap kits from 3M direct, and they pay 30% less then the average shop. And they don't buy near as much fellers, obviously. Obviously if you throw overhead things go down, but we're talking about raw profit on 1 item before that. Frank has indeed done a good job marketing his company. He has some good people surrounding him (Karl, Staci) They realized the mistake, and owned up to it.
The only thing I wish fellers would do different is train their call center reps. If you call and ask advice on items, or what would work for certain things... they are completely clueless on all levels. They don't have the a single clue what would work with what, and stuff of that nature.
My grimco and Denco reps are top notch. I have a question, they always have an answer or will get one to me within an hr. Just service that can't go unnoticed.