The Art of Online Business cover image

8 Ways To Increase Profit In Your Online Business

The Art of Online Business

00:00

Reviewing Your Expenses in Your Business

So first thing, en to base line. What is your current profit margin? Again, i just, in the very simplest terms, write monthly expenses divided by your monthly revenue times a hundred. At that point then you should be hopefully reaping the rewards of the investing and growing in your business over the previous 12 months. So lower profit margin during that time where you're investing in and growing the business, versus a higher profit margin when you're hopefully seeing the results from the previous investment.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app