What types of items have high profit margins?
What types of items have high profit margins?
The kind that you buy cheap.
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lol.. sort of a strange question. EVERYTHING has a high margin if you set it high.
What I mean is if you buy it wholesale and then sell it for the average price it sells not marking it up high.
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I thinks you are asking for retail goods:
In general, premium products have the biggest margins although they have the lowest trading volumes.
Seafood and olives are good.
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brand clothing
commodities?
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but....i remember looking at industry wide data for this a few years back
service businesses had the highest net profitability ratios..specifically, law firms at like 60%.
the lowest was food retail..restaurants, cafes at like 4%
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alcohol; beers & liquors can have high markups especially if you buy into established businesses with grandfathered prices. They range from 35-60+% in my state at least. This is better than most products because of the pure volume that a liquor store can sell.
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