What is considered a low profit margin?
Asked 3 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!
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