-Fixed bug with entering 5 and 6 on Cost of Goods page
At DollarDays, we strive to help retailers succeed. The Dollardays Margin Wizard is a very simple to use financial app developed for busy retail executives who don’t have the time to deal with complex financial calculators.
With the DollarDays Margin Wizard, you can quickly and easily calculate your profit margins, determine your required selling prices, and understand how much you can afford to pay for your goods. Very simple, very straight forward; just the essence of business.
The DollarDays Margin Wizard asks you two questions to determine the answer to the third:
1. If you know your cost of goods and retail price, the DollarDays Margin Wizard will tell you your profit margin.
2. Enter your desired margin and your cost of goods, and the DollarDays Margin Wizard will tell you the required retail price.
3. Enter your retail price and the desired margin, and the DollarDays Margin Wizard will tell you how much you can afford to pay for your goods.
Imagine you are at a trade show, and come across a wonderful product with a cost of $17. You need at least a 55% profit margin. How much can you sell it for? With the DollarDays Margin Wizard, you would know instantly that your selling price would need to be at least $37.78.
Or, you’re looking to stock a new category of products with a retail price of $25, and you need at least a 35% margin. How much can the products cost? With the DollarDays Margin Wizard, you would know instantly that your cost of goods can’t exceed $16.25.
Or, you want to double check that your products are priced properly because everything needs a 65% margin. You see that a product that costs $12.50 is priced at $27. With the DollarDays Margin Wizard, you will know instantly that your product is priced too low because the margin is only 54%
For one low price, this useful financial app will prove invaluable, and keep your “bean counters” off your back.
DollarDays is a premiere online wholesale distributor and closeout company that is the secret weapon of small businesses and entrepreneurs looking to compete against the buying power of larger enterprises. DollarDays offers 200,000 high quality goods, sold by the case, at below wholesale and bulk prices.
- September 01, 2013 Initial release
- September 21, 2013 New version 1.1