Getting a boat listed on Yacht World

[Celestialsailor]

Try to sell the boat yourself. You'll meet some real winners. You might even meet some of the CF people that have been kicking tires for 5+ years now. I'm sure they'll spend an hour or so impressing you with their vast knowledge. You'll soon see 5% of the 10% is an aggravation fee.

[surf_sail]

Originally Posted by Celestialsailor

Try to sell the boat yourself. You'll meet some real winners. You might even meet some of the CF people that have been kicking tires for 5+ years now. I'm sure they'll spend an hour or so impressing you with their vast knowledge. You'll soon see 5% of the 10% is an aggravation fee.

As the previous poster mentioned the aggravation component is the same (and maybe less) for a 600k boat than a 200k boat.

The broker pricing structure was an ingenious invention for brokers to extract the maximum value possible. There are many examples of pricing innovation allowing business with market power to extract higher economic value. Apple's pricing innovation of subsidizing smart phones with the service contract helped fuel the smart phone revolution - this is now changing. Another good example is how banks learned to "hide" fx exchange fees within the exchange rate. Banks are still playing this game but are starting to get disintermediated by web services such as transferwise. I expect in the next few years we'll see the emergence/growth of dedicated broker-lite services - helping with documents, escrow, maybe listing on yachtworld all for a low flat fee. Smart young brokers should move to that model quickly and establish a brand. This business will have much higher scale effects than traditional brokers so it will be a "land grab" and only a few early mover will survive. As a result i expect traditional full-service brokers to also move toward flat rate fee structures. The speed of disruption is increasing, few industries are safe....

P.s Technically Apple wasn't the first to subsidize phones with a service contract, but they did popularize the model.