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Re: IAMMINDFULL post# 7397

Tuesday, 05/24/2022 4:08:19 PM

Tuesday, May 24, 2022 4:08:19 PM

Post# of 8757

Iot: 18.9% profit margin average

Retail (online): 4.95% profit margins
Retail (store): 2.79%
Transportation: 3.88%
Computer services: 3.62%

If itox does half decent, even a 1/4 of what’s acceptable for a start up small business, they’ll outperform most startups significantly…… it’s a gamble I’ll take. If Cliff shows us he’s creating revenue/ getting contracts, or doing business, this can show fast exponential growth.

Iot: “In particular, Cognitive Enterprises (businesses that combine AI with IoT) have achieved substantial gains in profit margins (18.9%) and revenue (18.6%). Their efficiency also increased by 16.9% and productivity by 16.7% on average.”

Vs average small business: “But in general, a healthy profit margin for a small business tends to range anywhere between 7% to 10%. Keep in mind, though, that certain businesses may see lower margins, such as retail or food-related companies. That's because they tend to have higher overhead costs.”

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