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213 | Mastering Retail Profit Margins with Catherine Erdly
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Inhalt bereitgestellt von Catherine Erdly. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Catherine Erdly oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
Today we are diving deep into the critical topic of profit margins and their importance in maintaining a profitable, sustainable and abundant retail business. I’m sharing examples from my retail industry experience to break down how to calculate profit margins, common mistakes to avoid, and practical strategies for improving profitability.I will also share how to balance costs and manage cash flow. Don't miss this episode filled with fundamental principles and actionable advice.
If you are looking for some additional help to working out what your profit margins should be you can download my calculator here.
[00:53] Revisiting a Popular Episode on Pricing
[02:38] Understanding Retail Profit Margins
[08:21] Common Mistakes in Calculating Retail Profit Margins
[13:38] Calculating Your Profit Margin (https://www.resilientretailclub.com/blog/calculate-retail-business-profit)
[17:03] Considering Profit Margins Across Collections and Sales Channels
[22:36] What Is A Healthy Profit Margin (https://www.resilientretailclub.com/blog/what-is-a-good-profit-margin/)
[28:06] What To Do If Profit Margins Are Low (https://www.resilientretailclub.com/blog/10-proven-ways-to-improve-the-profitability-of-your-small-business/)
[33:43] Conclusion and Final Thoughts
Links:
Profit Margin Calculator: https://futureretail.lpages.co/margin-calculator-2024/
Get more great resources in the show notes at https://www.resilientretailclub.com/podcast-episode/mastering-retail-profit-margins-with-catherine-erdly/
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