How Do I Forecast the Monthly Gross Profit for a Product?

When sourcing a product, you don’t just need to know if a product sells–you need to have a good idea of your estimated gross profit from the product. This helps you determine if your potential product is even worth the investment.

So how do you make sure that your forecast is as accurate as it can be? In today’s Daily Nugget we share an overview of how to use Estimated Sales and Number of Sellers to forecast your gross profit.

Want to Submit a Question?

If you have a question about how to grow your eCommerce business, please submit it here.

Want to Discover Even More Bright Ideas?

Related posts