The value of a product depends on its gross profit, what you sell it for less what you paid for it. The real value of a product is the gross profit less the labour, and retail space costs for the product. The value of a product over a year is these things times the quantity of the product sold.
If you sell a gift for $250 with a GP% of 50%, you make $125.00. That’s the same as the GP you would make from around 380 newspapers, 85 magazines or 100 or so lottery tickets.
newsXpress helps its members grow profit, and through this cultivate greater value for their businesses, and from that flows enjoyment.
But, value is about more than the ticket price of an item. Other factors:
- Buy price. We help you buy better.
- Stock turn. We help you understand this and improve it.
- We help you reduce the cost of theft.
- We help you cast your business differently, to help improve shopper stickiness
We offer advice and support on these, data driven advice, helping you to maximise every value opportunity. Evidence is key, your evidence.
We know that if we help you maximise value at the transaction level, it plays out wonderfully when the time comes for you to sell your business.