Company Performance Metrics
Marcus Kehn: Owner
The products we sell, are ""survival gear"". The product we are starting off with is a Magnesium Fire Starter. The special thing about our products is that we purchase a unique UPC code for each item. What this does, is cut out direct competition. We don't have to fight for what is called the ""Buy Box""
this means we get 100% of our products views, and 100% sales of our product. Sales are exponential, let me explain by showing you my formula.
It costs $2.07 for one Magnesium Fire Starter. That product sells for $17.99 each, and amazon + shipping eats 30% about. I end up seeing roughly $12.6 each product, and that means I make enough to cover the product, then another 500% profit on top of that! So let's do some basic numbers. Let's say we start off with $500, take away $80 for shipping and now divide $420 by 2.07.
We have roughly 200 products. So, we sell them for $17.99 we generate $3600 gross revenue. As you can see, it's very exponential!
