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It s a bit like When you had a lemonade stand in the summer. You would use your change or pocket money to buy some ingredients at your buy rate then you would sell it for a few dollars to make a profit. You may also hear bid price purchase price purchase price Cross-sell Cross-selling is selling related or complementary products to a customer. Cross-selling is one of the most effective marketing methods. It s a bit like A fast food restaurant asks if you want to add fries to your order if you only buy a burger. You may also hear resale partnership Marges Margins represent the difference between the cost of a product and the amount you sell it for. It can also mean the amount by which revenue from total sales exceeds costs in a business.

It s a bit like Buying a pair of shoes from a wholesaler for and then selling them to consumers starting at . So your profit margin is . You may also hear mark up gross profit net profit Minimum retail rate MMR MNR is the minimum price a mobile number list reseller is allowed to sell a company s product. It set limits for resellers on both advertised prices and the actual selling prices of the manufacturer s products. It s a bit like Buying a product from a company that sells a product for $ . You may also hear minimum selling price MRP minimum selling price minimum advertised price MAP Upsell Upselling is inviting a customer to buy products or services at the second highest price range.



It could be an upgrade to a premium version of a product or adding insurance to protect a project. It s a bit like A business owner visits a business card printing company. They intended to use a basic design but the salesperson helps them see the value in a professionally designed business card. The manufacturer would then restrict the reseller from selling the product below $ to ensure a fair market . The entrepreneur opts for a glossy finish to best display the colours. You may also hear encourage push recommend promote Intermediary Resellers buy services or goods for resale rather than consumption. Retailers are considered as resellers as they resell goods to end users.