What is considered a low profit margin?
Asked 4 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

Using Your PO Box as Your Shopify Store Address
Brody Hall
April 27, 2023

Deciding Whether or Not to Purchase a Domain Name Through Shopify
Brody Hall
February 10, 2023

How to Deal with Stripe Disputes in Accounting
Brody Hall
February 10, 2023
Related Posts
Can't find what you're looking for?