Business Quote by Danielle Colby
“It's very difficult to run a business when you're buying something for $5 and selling it for $10.”
About This Quote
Source Interview: Business Podcast, 2020
Profit margins shrink when costs and prices are too close; sustainable pricing is essential.
In simple terms: Pricing matters.
Key Takeaway
Set profitable prices.
Themes
business
pricing
profitability
economics
Mood
pragmatic
analytical
Type
business
educational
When to use this quote
- retail
- e‑commerce
- handmade goods
- service pricing
Key Concepts
margin management
value perception
Questions to Reflect On
- How can you add value to justify higher prices?
- What alternatives exist when margins are thin?
A Different Perspective
Market competition can force low margins.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)