Is There a Way to Lower Your Cost of Goods?

In a product industry, they would have another element in there. And that would be like their cost of goods. Is there a way for me to lower my cost on the items or services I'm selling such that I can get a little bit more profit out of it if there's less going around? Sure. You just, where's the opportunity here? Well, sure. So you're going to have to go through your formula, look at everything, and then ultimately determine what's the number," he says.