Operators · How to Raise Capital for Your Brand: TJ Bongiorno (Founder Outgoing Co)
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renegotiated with the manufacturer to achieve ~90% gross margin on the Audi stick-pack product
≈90% gross margin
“We're going to invent a product that sells for exactly $100. And this is actually a really good TikTok shop product because it has 70% gross margins, meeting our landed product cost is $30”
“There's a lot of reporting showing that the gross profits for serving the models are, you know, the gross margins are positive.”
“Hardware brought in a much bigger 307 billion in revenue but with a gross margin of only 37 it produced about 113 billion in gross profits”
“If I have gross margin at 33 percent and the industries at 38, how do I become more efficient in how I do things...”
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