Using a Supply and Demand Worksheet answers many questions that are frequently asked in e-commerce stores. For example, will your product sell better on Wednesday, Friday, or Saturday? Will you be able to increase your profit margins if you send your email newsletter on Monday mornings? All of these questions can be answered through using this worksheet.
The next question that will be answered through using the Supply and Demand worksheet is this; will you have lower prices if you are offering a discounted price? This will be answered by using the prices for all products separately. With a Supply and Demand worksheet, it will also show you how much a certain product will cost, so you will know if it will be cheaper to sell the product than not to sell it.
Another question that the Supply and Demand worksheet answers is this; what is the best time to purchase products? For example, when is the best time to buy a one-time purchase versus something that can be bought monthly. The Supply and Demand worksheet answers this question by allowing you to see if buying one time will make you more money or if you can sell that item monthly and make more money. Using this method will help you make your decisions more confidently.
The last question that will be answered through using the Supply and Demand worksheet is this; how do you make money? What is the best way to make money? With a Supply and Demand worksheet, you will know exactly how to make your money grow.
The next question that the Supply and Demand worksheet answers is this; what are some other ways to make money? For example, if you can’t sell a product because it is out of stock, what is your next best option? The answers to these questions can also be determined by using the supply and demand worksheet. You will know how many products you should be selling to generate sales.
The last question that the Supply and Demand worksheet answers is this; how can you increase your customer base? For example, if you have too many customers and they are taking forever to receive their product or they have received a refund, can you make more money? With a Supply and Demand worksheet, you will know how many customers you should have.
The next question that will be answered through using the Supply and Demand worksheet is this; will you make more money if you sell the product at half of the price? The answer to this question is yes, but then you will only make money if you sell it at the price you offer. You will make more money if you offer a higher price than the competition does.
The next question that is answered through using the Supply and Demand worksheet is this; what is the best location to do business? Using this worksheet, you will know the best location for you to do business. It will give you a good idea about which locations are going to be more profitable.
