Dollar Days: Granting Wishes with “Profit Genie” Widget
by Christina Lee on December 1st, 2008
For years, representatives of online wholesaler Dollar Days had to prepare themselves for any possible question to be asked of its over 25,000-product inventory. To president Marc Joseph, some of the most frequently-asked – regarding optimal profit margins, selling price, and cost of goods – stuck out. To him, they were all questions to which the customers should have known the answers. “I was surprised how many people were intimidated by the algebra to determine margins, optimal cost of goods, and optimal selling prices,” he said in a statement, “Yet, being able to calculate that information is critical to everyone... Read more »