The Resilient Retail Game Plan Episode 3

Healthy Profit Margins

Podcast show notes

This episode is all about Healthy Profit Margins.

Profit margins are like the foundations of your business so it’s very important you pay close attention to them and that you’re fully aware of how much money you’re making every time you make a sale.

I go over how to breakdown your costs and how to use those figures to become a more profitable and resilient retailer.

We’ll cover some key but simple calculations that’ll give you a clearer picture of how your business is operating and discuss the importance of questioning and challenging yourself to make your products more profitable without harming the essential essence of your offering.

I also cover blindspots and common mistakes that business both big and small make which hurt product profitability, the importance of valuing your time in regards to scalability and discuss how harnessing opportunities created through shipping and sales channels can help you keep more of your hard-earned money.

Want to talk profit? Take a listen now.

My blog post – How to sell wholesale products – may be interesting for you.

If you enjoyed this post, why not get my Margin calculator?
It’s a spreadsheet designed to give you more detail about healthy profits.

Getting your hands on the Margin calculator is easy, and you’ll get so much more too!

It’s all part of my “Scale Your Business” FREE toolkit – a collection of resources designed to help you take your business to the next level. The toolkit contains:

  • E-book – 101 things to think about when you’re scaling your business

  • Margin calculator spreadsheet to check your profitability

  • E-book – Complete guide to Stock management

  • Workshop replay – The Launch Lowdown masterclass with Elizabeth Stiles

Ready to get the toolkit? Just put your email below to receive the link.

For more information about all three of my toolkits, click here.

Interested in being a guest or sponsor of The Resilient Retail Game Plan?

Drop us an email to let us know why you think you’d be a great fit for our audience of small businesses and independent retail brands

Get more on the mailing list

Heaps of small business retail advice for your inbox

Sign up the The Resilient Retail Club mailing list for totally free advice and business help, the occasional digital download, updates from our podcast and promotions for indie retail brands

More from The Resilient Retail Game Plan

Dive into another episode of our small business podcast

Episode 175

Negotiation Strategies and Techniques for Retail Business with Simon Duncan

Episode 174

Scaling Your E-commerce Business with Yoni Kozminski

Finding Value Beyond Business with Toks Aruoture
Episode 173

Finding Value Beyond Business with Toks Aruoture

From Fast To Slow Fashion With Emma & Leanne Duncan
Episode 172

From Fast To Slow Fashion With Emma & Leanne Duncan

Your Business And Black Friday
Episode 171

Your Business And Black Friday

TikTok With Penny Walker
Episode 170

All Things TikTok With Penny Walker

News you can use

Join The Resilient Retail Club mailing list to receive The Weekly Sales Review, jam-packed full of useful information, events and expert advice for indie retailers, online sellers, Ecommerce brands and independent small businesses