How much profit should I be making from my product?
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03-20-2014, 07:06 PM
Post: #1
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How much profit should I be making from my product?
So I'm starting a small online shop on facebook, belieber merchandise, and currently I'm selling shirts. I've only just started and I put up 3 designs already. The printing would cost P150 and the shirts would cost P100. So the cost of production is P250. I set the price at P280 though. 90% of profit will be going to Yolanda victims so I was hoping I'd be able to rack up a lot. My friends are saying that there isn't enough profit so I should raise the bar. However, I think it's already expensive. What do you guys think?
Btw, the currency is Philippine peso. If you want to check it out: https://www.facebook.com/LBTph Ads |
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How much profit should I be making from my product? - katrina p - 03-20-2014 07:06 PM
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