Ideal gross profit margin for dropshipping shoes?
Asked 2 years ago
Hello. Anyone have benchmark info when it comes to gross profit margins on shoes, particularly running and hiking shoes? On average it's costing about $50-75 to fulfill an order (depending on the product purchased) and the sale prices range from $80-110. I've only been in business for a year and I'm quite anxious to see what the end of year reports will look like. I think I may need to raise prices?
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