The Importance of Profit and Revenue

The average margin for an e-commerce business is 10%. Okay. So if you were to increase your prices by 1% and you're making $101 your profits 11 bucks, that's actually a 10% increase in revenue. Right? Most people don't price themselves high enough. And I don't know if you notice, did you ever actually launch a product on Amazon? Remember you asked me that question? Yeah. Well, what I do is I just pay myself what we need to live. And then the rest is just gravy,. Right? yeah.