What is considered a low profit margin?
Asked 5 years ago
I am trading in beauty products and my profit margin is around 30%. It's a home-based business so no rent or salary or wages are included. I have experienced that my total profit is used to buy inventory. Is 30% profit quite low? Or anyone here is managing profit to make purchases as well as having some amount for a living? I am new to business so I don't have any idea. Your help is needed. Thank you!
Please follow our Community Guidelines
Related Articles

Reduce Shopping Cart Abandonment Rate and Optimize Conversion Rates on Shopify
Brody Hall
April 11, 2024

Business vs. Personal PayPal Accounts for Your Shopify Store—Which One's Right for You?
Nadeem Ali
April 27, 2023
Why Facebook Ads Don't Convert Customers to Your Shopify Store
Brody Hall
February 10, 2023
Related Posts
Can't find what you're looking for?