Number of people who visit your website/listing x the % of those visitors that purchase from you x how much money you make per sale x average number of transactions from each customer = your gross profit.
For example, letâ€™s say I sell wall calendars and 100 people come to my website or my listings every day. If I convert 20% of those people, I make 20 sales. If I sell each wall calendar for $10, I turnover $200 per day. If each customer buys from me on average 2 times in their lifetime, my gross profit would be $400/day or $146,000/year.
I don't know about you but I could sure do with an extra $146,000 per year!
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