Minimum margin in product

[MRizwan530]

Friends, you may have noticed that the rate of return on different products varies.But there is still a relationship between them. Suppose we have to sell something in dollars, So what is the minimum dollar profit for us in this product?
What should be the profit rate if we have to sell the item online and what should be the profit rate if we have to sell the item in the shop?

 

[Suba]

Of course every businessman will apply a different profit margin,
They generally take an average profit margin, if the average rate is 20% that's very good, and you should take pm above 10%. Of course, after you determine the minimum price, and calculate the cost.

 

[Nova]

Sometimes you have to focus on the wholesale purchases for the margin to even be visible. Selling solo products often don't get you margin in the sales. Another thing is that makers or manufacturers make a lot of stock and so they focus on the low margin and more stock. So always adding the margin for all the expenses that happen till the sales is necessary.

 

[Setho]

In businesses a lot of things determine your profit output. From the location, to time of establishment, to location and to the type of goods provided. In some instances you can make sales of up to a thousand pieces of a product in a day with 10% profit but then in some instances you can sell 200 pieces in a day and make 20% profit so it doesn't have a designed rule.

 

[Aqsa Shahid]

Every seller get different profit margin in their products. Some people used to take only 5% to 10% per product. But some takes 20% on single product.
It sometimes depend upon your links.

 

[Alexandoy]

The mark-up or profit margin on a product depends on the kind of product. For consumer products like soap and food items the usual mark-up is 20% or lower. But for perishable food items like fruits and vegetables the mark-up reaches 50% again depending on the kind of vegetable or fruit. The profit margin also depends on the location of the store. When the store is located in a classy mall expect the price to be 50% more expensive that means the margin of the seller is higher simply because the rental in that mall is higher than the regular mall.

 

[Nurudeen]

The profit margin on a product should rely solely on how much you Bought the product. If for example you bought a product at a price of let's say 200 the profit margin after including the cost of transportation shouldn't be less than 270. With this you will be able to determine other products you sell.

 

[Sincerem]

Friends, you may have noticed that the rate of return on different products varies.But there is still a relationship between them. Suppose we have to sell something in dollars, So what is the minimum dollar profit for us in this product?
What should be the profit rate if we have to sell the item online and what should be the profit rate if we have to sell the item in the shop?

As a business owner you will cross and multiply what is the market value of the commodity you wanna sell in dollars and also in the local stores. You have to check how much is the value in your local currency and times it by the currency you are selling for.

 

[WhiteHouse]

Calculate the total revenue generated by your business.
Revenue is the total amount of gross sales.
This figure is all of the products you sold, multiplied by the price of the products.
Usually, businesses measure revenue by quarter or by year. It doesn't matter which you choose. As long as your sample size is big enough, revenue will be roughly the same from quarter to quarter, although it can be substantially different from quarter to year.

 

[Arslan]

Friends, you may have noticed that the rate of return on different products varies.But there is still a relationship between them. Suppose we have to sell something in dollars, So what is the minimum dollar profit for us in this product?
What should be the profit rate if we have to sell the item online and what should be the profit rate if we have to sell the item in the shop?

It depends on kind of product, to time when you establish, product market value in local currency, retailers or wholesalers, and mainly it depends on your skills and links

 

[Kane]

Profit margin applies only when you are selling products. The profit margin is your actual profits. Generally speaking, adding 20-30 percent profit margin is considered appropriate. For example, if your cost price is $10, you can sell the product for $12, $13. You should always check your competitor's price and always sell for lower price to attract customers.

 

[Ralphjoe]

Profit margin are different for each products being that most product goes through different production cycle, some are more costly to produce than others, so you can expect to have the same profit margin on each and every product.

 

[BrolySSJ]

Friends, you may have noticed that the rate of return on different products varies.But there is still a relationship between them. Suppose we have to sell something in dollars, So what is the minimum dollar profit for us in this product?
What should be the profit rate if we have to sell the item online and what should be the profit rate if we have to sell the item in the shop?

I think that for a business to be maintained even at a good rate and to try and be the best for the customer as well that the price margin that you should keep is around 20 to 25% on your products. The key is to go lower on some products, with a small price margin increase and then the others you can make a bit more. This just encourages people to come to your store, and they are likely to buy other stuff, so the profit margins balance out for a good return.