Friends That Invest  cover image

Girls That Startup: How to Solidify Your Business Idea

Friends That Invest

00:00

Having a Healthy Profit Margin Is Always Good

It's not just, oh, the t-shirt cost $10 to make and I sold it for $20. You'll have to take into account the cost of shipping. How much does it cost to ship per t-shirt? The cost of someone packaging that order. And so you end up looking like per unit, how much is your business spending for that t-shirt to be sold? So how much are you actually making off that product? Right. Having a healthier profit margin is always good. It would be nicer if that number was bigger, like 30%.

Play episode from 44:19
Transcript

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