How do the pound shops or dollar shops make profit??

Question

if they sell things that are worth more than a pound or a dollar in normal stores, how do they make profit??

Answer 1

They do a lot of researching for liquidators, wholesalers and
other sources of sales like huge closeouts and so forth. Then they buy like a truckload of goods, thousands of miscellaneous items that are priced for like 20-cents each. Then, even with shipping and so forth, if the cost per item is 30 cents and they sell for a dollar, they make a pretty good profit margin. I guess the secret would be to deal with a good supplier who is selling stuff people go to a dollar store to buy..and not a bunch of stuff that will sit on shelves.

That's the main idea anyway!!

Answer 2

simple. they aren't wrth more. other stores just charge more. They can probably import each item for a fraction of a cent.