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Updated over 8 years ago,
Wholesale business expenses
Another general question :)
For those that have serious wholesale businesses, in your opinion what percent of money do you spend for all your expenses, marketing, selling, equipment, office supplies, gas etc. etc., not including taxes.
So if you do 20 deals at $5,000 profit each on average and make $100,000 in one year then xx% would go towards expenses. Just trying to get a general number for planning purposes like 10%, 20% etc. is used up in expenses.
Also do you find that the overall amount of expense percentage wise goes down the more deals you do? 20 deals a year and 10% expenses, 100 deals a year and 5% expenses for example.