What profit margin should I make on a new tool that I am manufacturing? Retails under $20.?

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What profit margin should I make on a new tool that I am manufacturing? Retails under $20.?

2006-07-06 13:49:25 · 2 answers · asked by David S 1 in Business & Finance ➔ Advertising & Marketing

2 answers

It all depends on the quantity you are producing and the market demand for that tool. If it is a great tool and demand is high, you can ask more for it. If there are already tools out there that do what yours does... The more competition you have the less you can charge for it. Made in the USA? even better. Anywhere from 30% to 80% should work.

2006-07-06 18:11:27 · answer #1 · answered by deefrost 2 · 0⤊ 0⤋

60-80%

2006-07-06 15:02:41 · answer #2 · answered by Looking Up 5 · 0⤊ 0⤋