“Only having a set markup of 15%, we'll garner people trust.”

The a16z Show · Mark Cuban on Why AI Could Turn Solo Founders Into Trillionaires

Play from 24:13
24:13

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What was described

Set a flat 15% markup on cost-plus drug sales to build trust and maintain margins

15% markup

Said nearby on the same subject

“The ATO maintains a database of trusts that have made family trust elections and also trusts in companies and so on that have made interposed elections”
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David Montani
Accountants Daily Podcast Network ·
Why it worked Share this moment
“We're left with $18, so $100 sale minus $30 of cost of goods, minus $6 for TikTok, minus $15 for the creator, minus $20 for GMV Max, minus $8 for fulfillment and shipping, minus $3 for returns equals an $18 contribution margin.”
JW
Jordan West
The Unofficial TikTok Shop Podcast with Jordan West ·
Hard number $18 contribution margin (18% of $100) Share this moment
“Building a network of other trusted business advisors who are going to hear long before you hear that a business is looking for sale.”
♫
Said on Business Broker Growth Show
How they work Share this moment
“We maintain margin neutral on them because we mark up to offset the fees.”
♫
Said on TBPN
Growth tactic Share this moment

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