SPI 679: Becoming a Family First Entrepreneur with Steve Chou
The Smart Passive Income Online Business and Blogging Podcast
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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