Accepted Answer
The fundamental way to earn profit is that the money you get for selling your product has to be MORE THAN the cost of manufacturing the product + paying your employees+ paying the taxes on your business+ keeping your machinery maintained and working+ advertising+ paying yourself+++etc.BUT ... If the price of your product is too high, then everybody will buy them from your competitor instead of from you, and you won't sell any at all.It's a delicate balance.40 years ago, I asked a wise sage with whom I traveled and worked: Advise me on how to acquire great riches in an honest business. He gave me the Secret, and now I give it to you:He said: "Invent something which nobody has and everybody wants, which can be made for peanuts and sold for a fortune."
Suggested Answer
Advertisements, signs, making offers,
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