Some IoT-related start-ups could be the first in a series of other business ventures. For example, the connected door lock company Schlage has sold more than 25 million devices to date, which means it is still small in comparison to its IoT counterparts. But it is still a good example o...
The most common mistake that a new seller makes is that they calculate profit margin without ROI calculation. Let’s say, for example, you’re comparing two products—a knife and a spoon. The knife had a profit margin of 30% while the spoon had a profit margin of 20%. But then you ...