What is a good net profit margin for a small business?
Asked 4 years ago
What is an adequate profit margin for a business that has just started? Because I've just launched my product for the first two months, it's sitting at 5%, and I feel like it's not moving.
Rhys Hensley
Tuesday, February 08, 2022
Generally a 5% profit margin is low while a 10% profit margin is healthy and a 20% profit margin is high. Since your business is still new give it time to grow and compare profit margins based on industries instead of generalizing.
For example, the entertainment industry has a good net profit margin of 11.73% while online retail is 4.57%.
Please follow our Community Guidelines
Related Articles
Guide to TikTok Ads for Online Store Owners
BeProfit Staff
February 24, 2022
One-Click Upselling to Boost WooCommerce Sales
Rebekah Brace
July 19, 2022
What Is Flat-Rate Shipping and When Should You Use It?
Brody Hall
July 20, 2022
Related Posts
Can't find what you're looking for?