How Do You Choosing the Right Profit Margin

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When selling, either online or offline, you will be adding a certain profit margin to your products, you add additional amount to the cost price that not only covers your marketing expenses but also profits. Beginners often make the mistake of setting high profit margins. Generally speaking, a 10 percent margin is usually ideal. Because it covers your all expenses and also give you some profits. Once you start selling more, you can aim for 20–25 percent profit margin. Low margins help new sellers build credibility and earn reviews faster.