Weekly Recap: Are My Profit Margins Too High?

Notes from Chris

Episode 449

THEMES & TAKEAWAYS: So, last week, we talked about network marketing, but today, I'd like to talk more about profit margins. I recently received a question that I thought would be a good topic for today's episode—how high is too high for your profit margins to be? It's surprisingly a question that comes up quite a bit. We had a conversation with someone that we featured recently, and we got to talking about how much it cost them to produce their product and how much they turned around and sold it for. If you're curious about what your profit margins should be, check out the recap to learn more! LISTENER QUESTIONS: Today we have a listener voicemail from Jesse:

Jesse has been listening to the show for six months, and she recently started working on an e-commerce store of her own. She's heard that a lot of people use PayPal as a payment option for their customers, but she's really not a fan and is hoping to find some alternatives that are easy to start with.

If you have something you'd like to ask me or an update you'd like to share, I'd love to hear from you. Leave me a voice message on the website or call into the Side Hustle Hotline (Dial 844-9-HUSTLE // 844-948-7853), and your question may be featured on the show!

EPISODES FROM THIS WEEK: Here's what we heard this week on Side Hustle School! Listen to this week's recap for a more comprehensive highlight reel.

Ep. 443 - A Massachusetts woman helps men improve their online dating profiles. Tip #1: stop being creepy
Ep. 444 - This Ohio man loves board games so much that he made his own—and when he tries to raise $6,000 through a Kickstarter campaign, he ends up with much more than he ever imagined
Ep. 445 - After two failed attempts, a software developer’s passion for web development puts her on the path to profit
Ep. 446 - After a search for customizable letter boards leaves her empty-handed, a Side Hustle School listener sees the writing on the wall
Ep. 447 - An enterprising nonprofit employee bids for consulting contracts, earning a steady second income each month
Ep. 448 - She had always wanted to open a bricks-and-mortar retail store, but it was always too expensive—until now