Part 5/9:
While my total quantity sold decreased, the average sales price per item rose by 30%. My goal for 2025 is to elevate my average sales price to above $100 while potentially reducing the quantity of items sold, striving for a scenario where I earn more without increasing my workload. This 'work smarter, not harder' approach has been a recurrent theme in my business model, and I remain optimistic about hitting revenue targets between $400,000 and $450,000 for next year.
Understanding Inventory Turnover
Another key metric I track is my inventory turnover rate, a critical indicator of my operational efficiency. In the past 90 days, I completed almost 1,100 orders totaling $115,000 in sales. When annualized, this puts my projection comfortably at around $450,000 for the next year.