))
213 | Mastering Retail Profit Margins with Catherine Erdly
Manage episode 436835260 series 3466336
Conteúdo fornecido por Catherine Erdly. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Catherine Erdly ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.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/
225 episódios
Compartilhar
