Tee'd Up. Reeled In.

🐟 The Fish Business

Let's slice up a fish and find the profit!

🐟 Your fish = one thing you sell
PROFIT = TAIL MARKETING $0 SHIPPING $0 PACKAGING $0 MAKING IT $0 SELL PRICE $70
Sell price
Making it
Packaging
Shipping
Marketing
🐟 Tail = Profit!
πŸ’° You sell it for
$70
🏭 Cost to make it
$20
πŸ“¦ Packaging
$3
🚚 Shipping to customer
$7
πŸ“£ Marketing (ads, photos etc)
$5
πŸͺ£ How many fish did you sell?
Each fish in the bowl = one polo you sold!
1
πŸ“Š Here's where your money goes
Total Sales (money that comes in)
$70
Making it Γ—1
βˆ’$20
Packaging Γ—1
βˆ’$3
Shipping Γ—1
βˆ’$7
Marketing Γ—1
βˆ’$5
🐟 Profit (that's yours!)
$35
πŸŽ‰ Nice work! That's profit in your pocket!
🧠 What does it all mean?
πŸ’° Sales β€” This is the money you get when someone buys your polo. But you don't get to keep all of it…
🏭 Costs β€” Before you can sell it, you had to make it, pack it, ship it, and let people know about it. All of that costs money. You pay those costs first.
🐟 Profit = the tail! β€” After you've paid for everything, what's left over is your profit. That's money you actually keep. The bigger the tail, the better the business!
πŸ“¦ More fish = more money β€” but also more costs! β€” When you sell 10 polos instead of 1, you make more sales. But you also spend more on making, packing and shipping. Profit grows when you keep your costs low and sell lots! 🎣