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50% margin is pretty standard. How much is the cost base and double it, triple it or quadruple it is a common approach in many industries. In reality the amou
by simonbarker87 5y ago
50% margin is pretty standard.
How much is the cost base and double it, triple it or quadruple it is a common approach in many industries.
In reality the amount you charge should have little to do with how much it costs you.
Are they providing $100/month in value should be the question irrelevant of the cost to them.
- MattGaiser 5y agoMy immediate thought on seeing the margin was that I would not be getting good value for my money with this service, as the site doesn't really indicate to me that they provide additional value other than finding a person, which I could plausibly do on Craiglist. Anything about added value the site provides, such as interviews, background checks, etc would make me want to pay the premium and make the Craigslist option seem less safe.
- Sawpaw19 5y agoProbably the most productive comment of the thread! Plan is to screen every candidate before they ever talk to an elderly person. Based on feedback in this thread I’ll plan to personally listen in to all the first calls that callers have to make sure they deliver a quality experience. Will adjust the site to show this as part of the package. Appreciate a lot of your comments here tonight Matt!
- quickthrower2 5y ago50% margin is standard for what? It might be standard for a situation where the company is charging a contract rate, but paying their staff a salary (so need to make sure they are fully billable). It might also be a standard rate for digital products. But for what is essentially a freelance platform, nah. People have a sense of fairness. They also have a sense of "if they are just paying someone, I'll pay 'em directly".