The Smart Passive Income Online Business and Blogging Podcast cover image

SPI 679: Becoming a Family First Entrepreneur with Steve Chou

The Smart Passive Income Online Business and Blogging Podcast

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How to Increase Your Profits

In order to make that same five grand, you now need to sell 200 units. If you increase your prices by 5%, assuming a 10% net margin, that actually means you're increasing your profit by 50%. You gotta think about things in terms of profit, not revenue when you're running a business.

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