“Selling enough to cover the profit you need ... popular and profitable ... we raised the price, bought feed in bulk, still losing money”
♫
Said on Growing For Market Podcast
“I bought candy at Costco for $13, flipped it for $30, selling each bar for $1 - 200 to 300% profit.”
Dan Fleischman · Moneywise · He's Worth $50M and Spends $110K a Month on a Zoo That Makes $0
Play from 3:49
3:49
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What was described
Bought bulk candy at Costco for $13, sold individual bars for $1 each (cost 32-34¢ each) to flip at 200-300% profit
$13 purchase, $1 sale price, 200-300% profit margin
Said nearby on the same subject
“I used to have all of my technicians text me their numbers at the end of each day… each individual had to send a group text of what their sales numbers were for the day.”
♫
Said on Think Like an Owner
“BNI… costs a few hundred dollars for a year's membership… they limit how many people in each discipline can join… you end up swapping… sending client referrals to each other”
CM
Clay Mosley
Freelance to Founder ·
“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
DR
Dave Ramsey
The Ramsey Show ·
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