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What's your margin?

Discussion in 'Business Management' started by Bear's Signs, Sep 15, 2012.

  1. Bear's Signs

    Bear's Signs New Member

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    What is a typical margin for our business?
     
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  2. TXFB.INS

    TXFB.INS Very Active Member

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    more information is needed

    are you talking banners that every craigslist hack can produce or are you talking one off hand carved signs?
     
  3. James Burke

    James Burke Being a grandpa is more fun than working

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    Are you just "kickin' tires" to see whether this business is profitable?


    JB
     
  4. rjssigns

    rjssigns Major Contributor

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    It is variable depending on the product and quantity of said product. Also, like any business as a product moves toward commoditization margins suffer.
     
  5. MichaelAlmand

    MichaelAlmand Member

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    80%
     
  6. Speedsterbeast

    Speedsterbeast Active Member

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    3rd post? hmmm.

    I lose money on every job, but I make it up on quantity.
     
  7. ThinkRight

    ThinkRight Active Member

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    That sounds like you are one of those greedy 1% !
    We have been told for 3 1/2 years now profits are evil !
    Your company exist only to provide jobs,not profit.

    _____________________________________________________________
    To the OP
    Break even is the new normal in business model.
    If any profits are made accidently, they should be handed over to the government immediately !

    / wish I was kidding
     
  8. Jillbeans

    Jillbeans Major Contributor

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    I try to not run copy out to the edges.
    You were talking about negative space, right?
    Love....Jill
     
  9. ThinkRight

    ThinkRight Active Member

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    :ROFLMAO:

    :notworthy:
     
  10. J Hill Designs

    J Hill Designs Major Contributor

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    on microsoft word i have it set to 1/2" L/R
     
  11. signage

    signage Major Contributor

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    I don't like margin!

    I use butter!:ROFLMAO::ROFLMAO:
     
  12. 2CT Media

    2CT Media Very Active Member

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    10% - 90% depends on the job, client, product, etc...
     
  13. CheapVehicleWrap

    CheapVehicleWrap Very Active Member

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    By the time we pay for damaged vehicles etc. It costs us money.
     
  14. Fred Weiss

    Fred Weiss Merchant Member

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    You're getting a fair number of wise crack replies. The reason is that the question doesn't specify enough for any kind of proper answer.

    By margin, for example, do you mean ...

    • Gross profit after materials?
    • Gross profit after materials and labor?
    • Net profit after materials, labor and overhead including salaries?
    Further, what kind of business are you asking about? Any answers you get will vary greatly between a smaller operation and larger ones.
     
  15. Bear's Signs

    Bear's Signs New Member

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    I'm aiming for 60% gross profit margin overall. I'm I too high?
     
  16. Bear's Signs

    Bear's Signs New Member

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    I'm a small two man operation that mainly does vinyl and yard signs, banners, decals. I'm new to the business side of this but Ive had my hands on vinyl for years. I value the years of knowledge shared on this forum.
     
  17. Moze

    Moze Very Active Member

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    edit
     
  18. Fred Weiss

    Fred Weiss Merchant Member

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    No you sound about right if you are covering your materials and labor (including yours) at 60%. To check to see if you're competitive, check how many quotes turn into accepted orders. My experience is a closing rate of 70% is about right. If you're closing a greater number, then you're too low and you should raise prices. If you're closing a lesser percentage, then you're pricing too high and you need to lower your prices while also finding ways to work more efficiently to retain the 60% gross profitability.
     
  19. artbot

    artbot Very Active Member

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    after i did a year end calculation, i found out i was at 72%. you'd think my gut reaction would be "great!". my reaction was that i'm not spending enough back into the business. 60% is the goal with the new partnership, anything higher will be cut back into equipment to go for more speed and efficiency. remember the margin is not the goal, the goal is a big pile of money.
     
  20. ThinkRight

    ThinkRight Active Member

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    :ROFLMAO:

    Yeah right !
    You sir are a capitalist pig !

    / sarc
    A big Pile O Money !
    That is why I still wake up everyday.
    Hoping to make it, find it or win it.

    :ROFLMAO:
     
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