03/10/2021
Quickly about our electronic section, when printers don't sell, we don't make profit in that certain category. When we do sell printers, our profit it through the roof. The profit margin on printers carry the electronic category.
Between April & September, profit was below the target level consistently due to COVID-19. Total loss of profit was $-5,195. With the worst month being July, we drill into July. Only having $580 net profit & a loss of $2,718. We notice majority of the loss margin came from phone orders, perhaps 1 or 2 phones weren’t fulfilled. Also, furniture has a 98% loss margin over the the span of March to September. I would suggest that we minimize inventory orders on Furniture and use that money to order more of or better our better selling items, ie. Printers. There are other products that outsell printers but printers have the highest profit margin. Through all and all, after a rough patch due to COVID-19, we are picking our sales back up and getting back to our target monthly sales!
MacSeven Ecommerce Sales