So much emphasis on profits is spent on selling price. The thought is if one can sell for the maximum price, profits will be best.
Not enough emphasis is spent on buying costs. If one can minimize expenses with the purchase it’s easier to maximize profits when selling.
It’s a simple concept but one that requires discipline because when buying, people frequently aren’t thinking about the issue of selling so it’s a case of “out of sight out of mind”.
Keep costs down at the start and profits will frequently be realized in the end
Just something to think about
Have a great day!