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by cimmanom
2662 days ago
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It varies so much depending on the business that this can't be answered. It depends entirely on your transaction size, margins, cost to acquire a customer, and customer lifetime value. It takes a lot more capital to earn $1M selling widgets for $1 each with 10c profit than it does to earn $1M in sales commissions on $20M real estate transactions. To figure this out, you need to put together a spreadsheet with a business plan for your own business, including product, marketing, and overhead costs; transaction size and volume; and growth rates. |
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