5 thoughts on “Is there enough profit in it?

  1. Hate to be the doubting Thomas (or doubthing Mike as it were) but isn’t profit margin calculated by: Profit Margin = (selling price – cost)/Selling price?

    If so the maximum profit margin you can get is 100% in theory… not sure how you can get a 1017% profit margin!

    A 1017% mark up, maybe but not a profit margin.

    Then again if I really knew the secrets I wouldn’t be running a business, I’d just be selling books and seminars.

    -Mike

  2. @ Mike – A mate of mine buys stuff for $1 and sells it for $3; he thinks he’s getting a 3% margin!!? Such a dope, driving around in his brand new Bentley Continental drop top 😉

  3. AJC,

    Not to be pedantic but if I didn’t get my math straight, my board would ‘correct’ me…

    BTW, I’m in Brisbane this week and plan to get up to Noosa on Thursday.

    Cheers mate, it’s great down here!

    -Mike

  4. Great concept… I sell online courses online, many of which consist of a series of modules. For example, one of my courses had 18 modules and I frequently had people ask if they could simply purchase one of the modules because they weren’t interested in purchasing the ‘whole course’.

    I later setup 2 packages… One that included the entire course and the other whereby each of the 18 modules had a ‘cost’…

    Ended up making far more profit from the individual modules…

    It can definitely work in different industries…

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