Had two large caravan runs on the same day last week. The regulars were going back and forth between the two trying to find a good deal. The one caravan averaged about 40-60 people per location. The other averaged about 70-100 people per location.
I got run up by newbies on 3 of the 4 units I won. Basically had to pay retail price. I can't say for sure if these units will be profitable. I am stuffed full of inventory now so that is a good thing.
The newbies that run me up looked to be first or second timers, I did not recognize them. I am pretty good with remembering faces, and I would have to say over the last 6 months the newbies who spent a lot of money on units 90% of them have not returned after that one big purchase.
The cycle continues, it looks to be for every newbie that gets burned and leaves, another one fills his place!
I can only think of 2 newbies who have showed up in the last 6 months in my area who have stuck it out and have become prolific winners of units. Thats 2 out of hundreds who have come out, so that shows you how difficult this business is.