Profit Question
I am looking for some advice on profit margins. Right now I am trying to make $8.00 profit on my current t shirt designs for men's classic. I have had a few sales but I am wondering if I need to lower my prices in my shop.
I am wondering if it would be better to lower my profit margin down to $5.00 a shirt.
Is it better to sell more shirts with a lower profit margin?
Any help is greatly appreciated.
I am wondering if it would be better to lower my profit margin down to $5.00 a shirt.
Is it better to sell more shirts with a lower profit margin?
Any help is greatly appreciated.
It's hard to say exactly, it really does depend on the items.
From our information, the sweet spot is around $5-6 profit. You can go higher if the items are very popular, but if your sales are slow, try lowering to around $5 profit margin.
From our information, the sweet spot is around $5-6 profit. You can go higher if the items are very popular, but if your sales are slow, try lowering to around $5 profit margin.
Thank you Andrew. I will lower my profit margins as you suggested.
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