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What Is a Healthy Profit Margin for Digital Creators and Online Businesses?

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Manage episode 509494334 series 3032845
Content provided by Evolved Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Evolved Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Are you making enough profit in your online business or just spinning your wheels chasing revenue? In this episode of The Profit Pillars Show, we’re breaking down what a healthy profit margin looks like specifically for digital creators and online businesses, and why this number tells you far more about the health of your business than revenue alone.

In this episode, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains what defines a digital creator or online business and why that matters for your margins. He also shares the profit margin benchmarks we recommend after working with hundreds of entrepreneurs in this space and shows why focusing on profitability is far more valuable than obsessing over top-line revenue.

By the end of this episode, you’ll know exactly what profit margin range to aim for in your business, how to calculate it, and what that means for your growth.

  • 0:00 Intro / Welcome

  • 0:00:56 What defines a digital creator or online business

  • 0:04:57 The profit margin benchmark for digital creators and online businesses

  • 0:05:40 Why profit margin is more important than your revenue number alone

  • 0:06:27 How to calculate your profit margin

  • 0:08:21 Common expenses that erode profit margins for online entrepreneurs

  • 0:16:24 Why cutting expenses isn’t always the best path to improving profitability

—-----------------------

SUBSCRIBE to The Profit Pillars Show for new episodes on money, operations, and strategy designed to help you grow your online or modern small business with confidence.

—-----------------------

Resources & Links From This Episode

📘 Profit Pillars Book → https://evolvedfinance.com/book 💼 Learn more about Evolved Finance → https://evolvedfinance.com/services 📚 Finance Tools & Courses → https://evolvedfinance.com/learn

—-----------------------

About the Show

The Profit Pillars Show by Evolved Finance gives entrepreneurs the guidance and clarity they wish they had sooner. Each episode delivers actionable advice based on Parker’s years of experience helping business owners grow stronger, more profitable businesses.

—-----------------------

Other Ways to Connect with Us

📸 Instagram → https://www.instagram.com/evolvedfinance/ 💼 LinkedIn → https://linkedin.com/company/evolved-finance🎧 Listen on Spotify → https://open.spotify.com/show/6ggjihbD5VfKhhjkth32pZ

  continue reading

237 episodes

Artwork
iconShare
 
Manage episode 509494334 series 3032845
Content provided by Evolved Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Evolved Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Are you making enough profit in your online business or just spinning your wheels chasing revenue? In this episode of The Profit Pillars Show, we’re breaking down what a healthy profit margin looks like specifically for digital creators and online businesses, and why this number tells you far more about the health of your business than revenue alone.

In this episode, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains what defines a digital creator or online business and why that matters for your margins. He also shares the profit margin benchmarks we recommend after working with hundreds of entrepreneurs in this space and shows why focusing on profitability is far more valuable than obsessing over top-line revenue.

By the end of this episode, you’ll know exactly what profit margin range to aim for in your business, how to calculate it, and what that means for your growth.

  • 0:00 Intro / Welcome

  • 0:00:56 What defines a digital creator or online business

  • 0:04:57 The profit margin benchmark for digital creators and online businesses

  • 0:05:40 Why profit margin is more important than your revenue number alone

  • 0:06:27 How to calculate your profit margin

  • 0:08:21 Common expenses that erode profit margins for online entrepreneurs

  • 0:16:24 Why cutting expenses isn’t always the best path to improving profitability

—-----------------------

SUBSCRIBE to The Profit Pillars Show for new episodes on money, operations, and strategy designed to help you grow your online or modern small business with confidence.

—-----------------------

Resources & Links From This Episode

📘 Profit Pillars Book → https://evolvedfinance.com/book 💼 Learn more about Evolved Finance → https://evolvedfinance.com/services 📚 Finance Tools & Courses → https://evolvedfinance.com/learn

—-----------------------

About the Show

The Profit Pillars Show by Evolved Finance gives entrepreneurs the guidance and clarity they wish they had sooner. Each episode delivers actionable advice based on Parker’s years of experience helping business owners grow stronger, more profitable businesses.

—-----------------------

Other Ways to Connect with Us

📸 Instagram → https://www.instagram.com/evolvedfinance/ 💼 LinkedIn → https://linkedin.com/company/evolved-finance🎧 Listen on Spotify → https://open.spotify.com/show/6ggjihbD5VfKhhjkth32pZ

  continue reading

237 episodes

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