Ok, so I've watched several episodes of Shark Tank, the ones scattered randomly around YouTube.
I don't live in the US so I'm not sure where I can watch all the full complete seasons and episodes.
This one:
View: https://www.youtube.com/watch?v=dXQiE-f9RuM
At 4:47, the lady tells Robert she's selling the homebake cookie kit between US$7 - US$12.
At 4:54, Kevin asks her what's the cost to make one kit, and she says US$3.89.
Then the sharks exclaimed in exasperation saying the margins are not high enough?
If they're selling for say, average US$9, and cost per kit is US$3.89 (with overhead and everything), that's US$5.11, more than 50% margin. Exactly how high of a margin do these sharks want? 200%?
I don't live in the US so I'm not sure where I can watch all the full complete seasons and episodes.
This one:
At 4:47, the lady tells Robert she's selling the homebake cookie kit between US$7 - US$12.
At 4:54, Kevin asks her what's the cost to make one kit, and she says US$3.89.
Then the sharks exclaimed in exasperation saying the margins are not high enough?
If they're selling for say, average US$9, and cost per kit is US$3.89 (with overhead and everything), that's US$5.11, more than 50% margin. Exactly how high of a margin do these sharks want? 200%?
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