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I want to know the possible reasons why my business is not quite profitable although it is the most appreciated in my town and customers are highly satisfied.

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7 answers

Hi You may have to reasearch on your expenses , cost, size of the market , target market

Report Deviumapathy's answer

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The competition is too high try to update and beautify your product to be unique and have new marketing stratagy

Report Suleman's answer

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You need to check your marketing strategies! Also check if there’s a need to diversify.

Report Maryjane's answer

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Hi... There might be issues with customers relation and handling from communication, complaints handling which may affect market. You can reach out for mentorship program on how to improve on that. Phone:+254705797489

Report Shadrack's answer

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Profit making is a function of value given.

Do you offer profitable value to your clients? If you do, they will offer you good funds in exchange.

Report Ayodele Peters's answer

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Sana, you must understand some things: 1.- The cost of your products vs the selling price. 2.- Your cost of operation: Salaries, rent, electricity, taxes, advertising, etc. 3.- The total of these operating costs must be divided by percentage between the monthly number of items you sell and add that cost. 4.- You must also add to each product a percentage that is profit for you

Then you have: product cost + percentage of the cost of the operation + percentage of profit This is how you determine the selling price. It is possible that you have expenses that you are not seeing and that affects your profit

Report Alex's answer

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