“Sale one has to be a profitable sale… if I'm selling a good for $2,000, let's say, I've got to have no more than a 30%, 35% cost of goods.”
♫
Said on True Wealth: money & business podcast
“Selling enough to cover the profit you need ... popular and profitable ... we raised the price, bought feed in bulk, still losing money”
Growing For Market Podcast · How to make a plan to be profitable with Julia Shanks and Dan Brisebois authors of The Profitable Farmer
Play from 32:27
32:27
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Adopt ‘strategic sales’ - sell crops that are both popular and profitable, avoiding low-margin high-volume sales
Said nearby on the same subject
“I bought a profitable free cash flow generating business…in a very narrow vertical…make your first sale profitable.”
TW
Tristan Walker
Equity ·
“If companies have sales overshoots or undershoots, a very high incremental margin relative to a lower stated margin can cause a big profit beat or a big profit loss.”
♫
Said on In Good Company with Nicolai Tangen
“If you decide to sell an investment… don't buy it back within 30 days of the sale date. Otherwise, the loss is considered a wash sale”
♫
Said on Motley Fool Hidden Gems Investing
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.