inreverse Posted April 14, 2008 Share Posted April 14, 2008 Where should I keep my cost of goods at to make sense? Has anyone moved to more .50 vends? Link to comment Share on other sites More sharing options...
G-man422 Posted April 14, 2008 Share Posted April 14, 2008 your COG should stay below 25% of your gross. Link to comment Share on other sites More sharing options...
Big Mike Posted April 14, 2008 Share Posted April 14, 2008 If you are paying commission of any kind 20% is where you need to be. I dont think candy will move at .50 Anything that you cant keep 20% product cost on should be removed from your list of items. Mike Link to comment Share on other sites More sharing options...
Faith Vending Posted April 16, 2008 Share Posted April 16, 2008 Hi: I am Jim from Faith Vending and hopefully will interact on this forum more. There is great stuff here. When you mention 20% COG do you mean if you gross $100 your cost should be no more than $20? That is a killer margin. Thanks. Jim Link to comment Share on other sites More sharing options...
Big Mike Posted April 17, 2008 Share Posted April 17, 2008 Hi: I am Jim from Faith Vending and hopefully will interact on this forum more. There is great stuff here. When you mention 20% COG do you mean if you gross $100 your cost should be no more than $20? That is a killer margin. Thanks. Jim Yes 20% cost of goods. It is fairly easy to hit that mark with everthing except M&M products. Mike Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now