Thursday, July 10, 2014

Profits and Inventory Why having to much could harm your bottom line

Profits and Inventory Why having to much could harm your bottom line  or less 

I have seen having to little could hurt your business , and i  have seen having to much of one item that did  not sell very well could hurt the business 

1 , Do you know what a profit is 

A Financial  Gain , Especially the Difference between the Amount you earned and the amount spent in buying ,operating ,or producing something . Now we going to break  down each factor Down in a true  and simple term using a video and to see why you should use the numbers factors  before you market a product or a service .  Take some time to think about what you want to do and how you want to earn and how long will it take to earn what you want . 


Today a person ask me i want to make a million dollars and i told him , that all you must make a day is 2,800 a day a this my friend is a little over a million dollars a year check the math 

2, Do you know what a quick sell items is  . A Quick Sell is a item or service that a person needs , here are a few examples , Milk ,Bread, Eggs, Gasoline , Tissue , Shampoo , Car Insurance . The Need for these items Know  matter the price people will pay or try to find  out the best way to purchase  The Quick Sell this  is call the sweet spot of business 

3, Do you know what a recycle sell is . A Recycle is the amount you can make off one item , here is a example of recycle sell  (Food)  Corn you can make Cornmeal ,Grits, Cornstarch , Ethanol ,   Corn syrup a Corn pipe, Moonshine . Another  (Food) is   the   Peanuts Dr.  George Washington Carver Explore the peanut as a Scientist in Iowa State University and he make 300 ways to use the peanut and to make money here are a few peanut butter , hair grease ,message oil, cooking oils ,lamp oil ,Dyes  Now you have a few ways of a recycle sale . There is more to be explore this can be a  product or service that you can make money from 

4,  Do you know were to  find the profit in your products that you sell . Its the min  that you can get in the market place for a similar or the max for a item that you create to  sell or  you control in  the market place that you customer need or want  

5,  Buyers Remorse, is a products that you thought you need or dream about or  could not afford or the product did do not  what the seller has offer 

6, A Cost per item of product this   will make   you the maximum profit when you sell 

7 Later i will try to detail each in a video . that will help you today 

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