Hey everyone.
IDEA VALIDATION!!!
I want to build an app for workers like plumbers, carpenters, painters, etc. that can be called in order to do fix little things like in a day to day life basically to provide a service in return of money.
Selling at cheaper price can be great for attracting customers but there your margin will shrink. You can't only play in pricing, try to focus on cost optimisation, distribution and other unique offerings.
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Wth is CM1, CM2????
CM - Contribution Margin
Contribution margin is the selling price per unit minus the variable cost per unit.
CM1 =
Contribution margin one= selling price- material costs - logistics costs.
CM2=
Contribution margin two= sellin
Pricing Strategies:-
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What are your thoughts on opening a recruitment consultancy with a unique selling proposition (USP) focused on offering competitive rates, rather than the standard 8.33% fee?
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I started a business of flower bouquet business along with my 3 friends with just 4k capital and almost made over 40k in last 2 months. Gross margin of 40% because it is our first time doing business we made some mistakes but we learned from it. And