$6M/Year Coffee Business... Started On the Side!?
Рет қаралды 254,489
Күн бұрынIf you own a business, try Melio and make your payment process easier! go.melio.com/upflip
In this episode, we dive into the remarkable journey of Jake Paulson of Anchorhead Coffee who opened a coffee shop from his humble garage setup. Before venturing into the coffee business, Jake worked in the music industry-where he discovered that his favorite part of the day was that magic cup of joe. Ditching his career, Jake and his partner decided to start crafting cold brew in the garage. Thus, Anchorhead Coffee was born.
Join us as Jake recounts how he expanded Anchorhead Coffee to 300 retail stores in just two years. He opens up about navigating the complexities of business partnerships, and the critical decisions in choosing suppliers, and the art of marketing a niche product. And he shares the personal sacrifices and strategic moves that helped Anchorhead move into Seattle’s first bottled cold brew and America’s Best Espresso winner.
Discover the strategic insights and personal anecdotes from an entrepreneur who has made significant strides in the coffee industry by offering a combination of innovation and traditional flavors. Whether you’re a budding entrepreneur or a coffee aficionado, Jake’s story is a rich blend of inspiration and practical advice, revealing the essence of building a successful coffee company from the ground up.
Resources
anchorheadcoffee.com/
www.upflip.com/academy - Launch and scale your business with our expert-led Academy
www.upflip.com/podcast - The UpFlip Podcast - Biz Secrets Uncovered
www.upflip.com/blog - The UpFlip Blog - Read, Grow, Thrive
www.upflip.com/guest-request-... - Nominate a Guest for An UpFlip Interview
www.upflip.com/equipment-list - UpFlip's Premier Equipment List
Timestamps:
00:00 - Start
00:56 - Meeting Jake
02:54 - First location
04:31 - Lessons learned
05:47 - From coffee to bakery
08:06 - Revenue breakdown
09:38 - Startup costs
11:52 - Fan Blitz
13:51 - Myth to debunk
14:49 - Learning the industry
15:41 - Time management
16:44 - Rental costs
18:07 - Suppliers
20:21 - Getting investors early
22:02 - Secret to winning awards
23:56 - Getting into retail
25:58 - Selling vs. Retailing
27:34 - Marketing strategies
28:54 - Employee wages
29:26 - Top sellers
30:20 - Location advice
31:57 - Challenging times
34:21 - Success mindset
35:11 - Advice to viewers
35:58 - Outro
#coffeeshop #coffeebusiness #openingacoffeeshop
@UpFlip 2 ай бұрын
If you own a business, try Melio and make your payment process easier! go.melio.com/upflip
@clutterreductionjunkremoval 2 ай бұрын
This episode felt much more realistic vs your standard "success story". He's in a great spot but not thriving like most people assume business owners are. I really enjoyed this one!
@Brodragon2225 Ай бұрын
his main costs are workers and rent and electricity if we can make it cheap we are winners
@KevinBroce 2 ай бұрын
I toured with Jake back in both our audio engineer days. This was living on a tour bus, working and an outside music festival 14+ hour days, something like 50 shows over 57 days, rain, shine, lighting, tornados, dust storms, in the middle of the summer. You can't fault his work ethic, passion or sense of humor. His business partner is cut from the same cloth. Just a couple solid dudes.
@startingtech3900 2 ай бұрын
Beast no wonder they needed 4 coffees per day how did they sleep?
@whymindsetmatters 2 ай бұрын
There's no such thing as failure when you've accomplished the thing you set out to do. Even if it shuts down tomorrow you can look back and say I did that, and then do it again!
@UpFlip 2 ай бұрын
Absolutely! We definitely need more of that positive mindset spreading around! 🙏
@AB-fq4mr 2 ай бұрын
Makes me really grateful to work on my own. You have to deal with 68 workers and only take home 150k each after everything. Sometimes its just better to work by yourself from home. Less stress, same salary. Oh and I can live in the middle of nowhere and buy a cheap mansion, I dont have to be in the middle of an expensive city.
@jayrobelo9877 2 ай бұрын
To each their own, some find happiness in dealing with others and providing a livelihood for others. I believe it has to do with something more than just money/providing for a family at that point
@honor9lite1337 2 ай бұрын
For me, it's simply because I don't work for someone else. @@jayrobelo9877
@Freewithtwoe 2 ай бұрын
What do you do
@startingtech3900 2 ай бұрын
Thats starting dude, he has so much upside
@jtcash44 2 ай бұрын
Having to not deal with people (staff) sounds like a dream. Dying to get out of my business. So over it.
@yogayoggie2209 17 күн бұрын
You know what, Jake by far is the most truthful guy who indeed sincerely wanna share. He will reach the success he wants one day. What a great chap.
@rccpromotions 2 ай бұрын
Thank you so much for providing high quality interviews that look into detailed specifics and the mistakes that we can learn from. These are incredibly valuable 🤘
@CHEFPKR 2 ай бұрын
I had anchorhead 5 times in 3 days over the weekend. Delicious coffee.
@UpFlip 2 ай бұрын
Lucky guy! ☕
@startingtech3900 2 ай бұрын
LETS GOO BROOO
@harambeexpress 2 ай бұрын
The other thing about bringing baking in house or at least not outsourcing to a big supplier is that as a consumer it makes me take the cafe more seriously (as they clearly care about quality). It also helps justify the relatively high cost of these items.
@beingemma 2 ай бұрын
Ive been in the food space for 7 years. Yes, restaurants, coffee shops, etc have a low profit margins. This is why you will see franchise models pop up to expand the brand, but make some money without as much headache since the daily operations fall onto someone else.
@riffpad 2 ай бұрын
Great advice. We are 6 months into a commercial venture from starting at home many years ago. It's tough, the first few months were hard but it's getting easier. I agree with the baseline of stress being a little higher, you learn how to take and avoid big hits as time goes on! Thank you
@UpFlip 2 ай бұрын
You've made a great point! Tough beginnings often lay the groundwork for strong foundations.
@riffpad 2 ай бұрын
@@UpFlip Thank you!
@downey416Toronto 2 ай бұрын
he's a really cool guy.... 5% profit margin is wild especially with the cost of living so high now days
@UpFlip 2 ай бұрын
Absolutely! That's why they're branching out into different ventures, so it would be lighter one day.
@sutats 2 ай бұрын
Great spisode. So much insight. Just do it and keep trying.
@iamanovercomer3253 2 ай бұрын
As someone who is starting a coffee business, 95% of people have no clue on the coffee they drink ❗️ You get what you pay for......coffee on store shelves is pure garbage. ( farmers are NOT getting paid fairly and coffee is NOT quality coffee) ......specialty coffee is true coffee ❗️
@akemegbebu7807 2 ай бұрын
Where can I learn about coffee? I'm interested in importing and roasting and selling...
@UpFlip 2 ай бұрын
Quality comes with a price, especially when you're paying for top-notch equipment like they use in coffee shops.
@surge337 2 ай бұрын
As a coffee shop owner as well, this guy is the truth! 👏
@fvr12345 2 ай бұрын
Is it really a 5% profit margin?
@aadams5864 Ай бұрын
That was gold. Thank you for covering their story!
@UpFlip Ай бұрын
Glad you enjoyed it!
@ChonchoMiyantDaGr8 2 ай бұрын
Definitely Taking The Gems In This Vid💯🔥
@watsonlow22 Ай бұрын
I really enjoyed this one,He's humble and very real about everything
@ChalkboardMom 2 ай бұрын
I REALLY loved this one! So relatable, realistic, open, and packed with hope in this unstable economy. Thank you!
@UpFlip 2 ай бұрын
Thanks for watching and supporting our channel! ☺️
@thuvarakan2 2 ай бұрын
congrats on the 1 million subs, been here from the start :)
@UpFlip 2 ай бұрын
Thank you! We truly appreciate your support! 🙏
@shiftcrewcompany 2 ай бұрын
Congrats on 1mil 🔥
@pj9902 27 күн бұрын
Attention, his salary disclosure is only for irs audit purposes. I promise u he gets more than that via profit distributions which is legally taxed at a much lower rate due to it not being “actual and recurring rate” salary. Business comes with stress but also perks for that stress. Also he can offset his income with many legal tax write offs . All that while providing employment and hence additional tax revenue for the state. Or u can just worry about urself and no one else and work a single job from home as a techie and make 100k. One benefits only one person while the other serves an entire community with services and jobs. This is why the tax code was written to benefit and encourage small business development. Because at the end of the day businesses do “more”.
@EcomCarl 2 ай бұрын
Jake's story at Anchorhead is a fantastic example of how agility and strategic cost management can fuel rapid business growth. It's a reminder that sometimes, the simplest cost-saving measures, like switching to a cheaper milk, can significantly boost the bottom line without compromising quality. ☕
@UpFlip 2 ай бұрын
A friendly reminder not to overlook the little details!
@PauloMzima 2 ай бұрын
Great one, thanks for this..
@UpFlip 2 ай бұрын
Join us for the long-awaited launch of UpFlip Academy, happening this month. Reserve your spot now: www.upflip.com/academy
@BizBob2 2 ай бұрын
We love the start up videos. Ones like this are so inspiring.
@UpFlip 2 ай бұрын
Glad to hear! Hope he inspired you to kickstart your own business venture! 🔥
@GregStenson 2 ай бұрын
I love Anchorhead. Every time I visit Seattle I always book a hotel near their downtown location purposely so I can stop by for a daily cup or two
@topcoffeebar 2 ай бұрын
Fantastic story!
@grischawillrich590 2 ай бұрын
What brewing machine is it for the V60 at minute 3:24?
@RedCymbals 2 ай бұрын
Love this episode - so cool! Have you done one on a musical instrument manufacturer?
@UpFlip 2 ай бұрын
Not yet, but that sounds like an amazing idea! Any recommendations?
@RedCymbals 2 ай бұрын
Vertical Drum Co in Eugene Oregon are a drum maker that we work with and admire for their incredible drums as well as growth and tenacity. Josh started making drums during COVID when his professional photography work stopped. We are also a cymbal brand based in Melbourne Australia. We make cymbals in Istanbul Turkey and sell them worldwide. Our mission is to use cymbals to promote positive mental health by running drumming events and encourage people to play the drums together to gain confidence and overcome mental health concerns such as anxiety and depression. We be in Oregon in May doing a drummer’s hangout with Vertical Drum Co.
@des7638 12 күн бұрын
great! THANK YOU
@SirLuLzDalot 2 ай бұрын
Great interview, thank you for sharing
@sortamaybe 2 ай бұрын
2 minutes in and I know the secret, BE THE FIRST IN YOUR MARKET and dominate, stay consistent and soak up all the luck you can!
@UpFlip 2 ай бұрын
Don't forget to stick around till the end-there are more golden nuggets waiting for you! 😉
@CanalOtro Ай бұрын
Awesome story, very cool brand. Was shocked by those margins though.
@balance3201 2 ай бұрын
Most people would have given up on the work involved. Kudos to these guys.
@UpFlip 2 ай бұрын
That's why starting a business that aligns with your passion is crucial. It helps ensure that challenges like these won't deter you from moving forward. 🔥
@-pagebooklipraly8352 Ай бұрын
thank you for this perfect chanel
@g0ttesh4nd 2 ай бұрын
Pure gold!
@UpFlip 2 ай бұрын
Hope he inspired you to kickstart your own business venture!
@plokkum 2 ай бұрын
With a 5% margin, this really has to be your biggest -hobby- passion. Good for him, though! Thanks for the grounded insights.
@UpFlip 2 ай бұрын
When starting out, it's crucial not to be solely driven by money. Passion should always come first!
@fvr12345 2 ай бұрын
@@UpFlipHow many plumbers, janitors, window washers, etc…. had passion?
@chronicmango 2 ай бұрын
JAKE! Love Anchorhead.
@UpFlip 2 ай бұрын
Glad to see an OG!
@aryaa.6487 24 күн бұрын
that is the beauty of America. You can scale so fast
@SoulQs1111 23 күн бұрын
Very cool episode This guy is a rock star, literally 🏆
@UpFlip 21 күн бұрын
Appreciate the support! ☺️
@blackhistoryonsteroids8196 2 ай бұрын
Love how he accepted his failures.
@UpFlip 2 ай бұрын
Taking that first step is always the most important! 🙏
@Avatar711Wizard 2 ай бұрын
'Cause everyone should get into hospo and coffee roasting right now. Rents are cheap, cost of goods are cheap. Margins are great. Plenty of skilled staff around that don't cost that much. Not many bakery's around either. Everyone should go for it.
@BlackWidowRazors Ай бұрын
JUST GET UP AND DO IT - THATS THE TRUTH
@user-yq7dq2ht4e 2 ай бұрын
I love your videos so much
@UpFlip 2 ай бұрын
Thank you! That's music to our ears! 🎶
@user-yq7dq2ht4e 2 ай бұрын
Soon I'll be on this show!@@UpFlip
@dannywelbeck8800 2 ай бұрын
This whole ep is so awesome and wholesome, love it. Imma start my own coffee shop in 2025
@UpFlip 2 ай бұрын
That's fantastic news! We wish you nothing but the best! 💪
@dannywelbeck8800 2 ай бұрын
@@UpFlip many thanks! And thank you too for what you do ❤️
@DMT4Dinner Ай бұрын
“I’m poor… a motorcycle here and there”
@domainsshop 2 ай бұрын
22.27 WOW
@Mathewmartialart 2 ай бұрын
or just buy the cups unprinted, buy a printing machine, and save a lot of money
@UpFlip 2 ай бұрын
That's certainly one approach!
@thestig560 2 ай бұрын
Fine, I'll subscribe
@UpFlip 2 ай бұрын
Thank you, it means a lot 🙏
@LarryGipson96 2 ай бұрын
5%. Man that’s rough. I haven’t been to one of their shops. Spent 13 years in seattle. Love it. Hard to believe what it’s become with the homelessness.
@BonganiMojakhomo Ай бұрын
Thank you for this epidose ❤
@NarutoUzumaki-fy6fo 2 ай бұрын
KZfaq show me more channels like this
@wendyshoowaiching4161 2 ай бұрын
Best Milk For Coffee is Nestle Everyday (Full Cream Milk Powder). Any hot beverages adding desire amount according to individual's preferences
@RogueCylon Ай бұрын
It’s why I would never ever buy coffee from a shop that doesn’t use proper fresh milk. I’ve made my own with organic milk and sometimes a half and half mix. Never ever powder.
@yonasmisghina8261 2 ай бұрын
Is 6M gross or net ?
@SergeiSudakov 2 ай бұрын
5% only? How come. profit margin on a cup of coffee is generally estimated to be around 60% to 70%.
@UpFlip 2 ай бұрын
We'd love to learn about the regions where a cup of coffee generates 60-70% profit margin!
@dxk2466 Ай бұрын
Is it milk..and he didn't answered..theirs something to hide or why someone can't tell if it's milk or not?
@Melinda_Ross Ай бұрын
Nice video
@UpFlip Ай бұрын
Thanks for watching and supporting our channel! ☺️
@TalesOfTrillions 2 ай бұрын
Who knew milk could be the unsung hero of a multi-million dollar business? 😄
@user-ci5eq1fr2s 2 ай бұрын
Idk which one is best video quality or shop design😅
@UpFlip 2 ай бұрын
Their shop design is absolutely dope!
@user-ci5eq1fr2s 2 ай бұрын
@@UpFlip absolutely
@RJG86X Ай бұрын
Summary, pioneered the retail sale of cold brew coffee.
@Wideolink 2 ай бұрын
$50,000 profit approximate per location. not too shabby.
@ErnDogg209 2 ай бұрын
Sounds like i need to get a building and charge a business rent.
@UpFlip 2 ай бұрын
That's just one of many strategies out there! 😉
@UpFlip 2 ай бұрын
That's just one of many strategies out there! 😉
@javamochafrap Ай бұрын
whats their NET?
@UpFlip Ай бұрын
Be sure to watch the whole video so you don't miss any info! 😉
@SheraliErmatov-dj9yj Ай бұрын
Ok
@JetsentJ 2 ай бұрын
Interviewer always has backhanded comments “it’s not that big” Last video : “you aren’t a millionaire yet”
@DoctorOfProduct 2 ай бұрын
Great video. Can I ask why your profit margins are so low despite doing so much in-house? Common industry benchmark suggests coffee shops aim for a profit margin of 15% to 25% on their sales, and 4%-6.8% on the lower end. I'd like to see you beat the industry average 🙂Do you have a very high CAC or cost of goods? I'd like to know what you've tried to increase your margins. End-of-day pricing on baked goods, "coffee flight" tastings, 6 and 12-pack pastries, etc.?
@UpFlip 2 ай бұрын
That's an interesting question. We're curious too-could you share which countries are included in the data? Here in the US, industry margins typically hover around 10%, so reaching 12% is considered higher than usual.
@Wheelztotheworld 2 ай бұрын
💯
@UpFlip 2 ай бұрын
We hope you enjoyed the video - thank you for watching! ☺️
@RogueCylon Ай бұрын
“Is it milk?” Owner - “I’m not going to tell you” then laughs Me - not a chance I will try your coffee drinks
@alex98b627 2 ай бұрын
$360,000 to build a cafe is sooo cheap!!
@Mr321098 2 ай бұрын
❤
@UpFlip 2 ай бұрын
We appreciate you tuning in! ☺️
@600DoubleRR 2 ай бұрын
So let me get this straight, your profit margins are 5% on 5.6 million a year roughly, so you're netting around 280k, split between you and your partner that's 140k each, which isn't bad but holy shit this seems like a ton of risk and work and hassle. Hope it works for this guy but not sure this is a business I would want to get into unless you're able to scale it into the 100s of millions in gross rev. Really seems like a headache. Again not knocking this guy at all, it's cool regardless, Im sure if he scales it it'll make it all worth it.
@UpFlip 2 ай бұрын
They're very conscious of their margins, which is why they're scaling up. It's clear they're not just in it for the money; they genuinely love what they do. 😉
@600DoubleRR 2 ай бұрын
@@UpFlip Yeah no thats cool. Again not knocking them at all. This is a really interesting one regardless.
@whatwhat9004 2 ай бұрын
If 40% of that $5.6 million is going to their investors then their take home pay is probably a bit lower than that.
@600DoubleRR 2 ай бұрын
@@whatwhat9004 Yea thats a good point. Business ain't easy.
@PizzaMike 2 ай бұрын
Wish I could grow my hair out like that.
@UpFlip 2 ай бұрын
Isn't it just gorgeous?
@surebrecdnuoh2774 23 күн бұрын
1:24 🤔
@ibrarali3974 2 ай бұрын
Is it milk? I'm not gonna tell you😂😂
@caphillres 27 күн бұрын
Hint: Wilcox milk
@brasilsoccer0 2 ай бұрын
5% profit margin that’s it wow that’s a whole Lotta work and liability and labor and headache for just 5%😮😮😮
@ZomBeadsCL 5 күн бұрын
I kinda need to know if the owner knows Peter McKinnon lol
@UpFlip 4 күн бұрын
You can reach out to him through his website! Link's in the description ☺️
@alexforget 2 ай бұрын
5% meaning you would need 2 000 000$ to get a 100K return per year? You churn a lot stuff, money, salaries and hassle for that!
@iamanovercomer3253 2 ай бұрын
If you love what you do, it's not work.....life has its challenges no matter what.....so if you got to work to live, it's better to have your own business than working a job ( Just Over Broke) ❗️
@gnome2024 2 ай бұрын
Seriously. I make far more than that with passive high yield dividends and a simple sector rotation strategy that does 5% profit a month. Hell no way Im working my ass off to deal with dozens of low IQ employees and government bureaucracy.
@fvr12345 2 ай бұрын
@@iamanovercomer3253For $100k you’re better off with a 9 to 5. You have benefits, a regular schedule, and aren’t responsible to all of your employees
@SolowSports 2 ай бұрын
We should do a video together :)) We are quite one of a kind and would be different that the businesses you show currently 😀
@xrayded5037 Ай бұрын
That’s crazy small margins.. I did 2 mill last year I net more than him and have way less going on… life is short man make as much as you want and pick your customers…
@dorethawright8146 8 күн бұрын
you have a cafe? Did you net 2 mil?
@Ryan-kr4bq 3 күн бұрын
REALLY curious what sh*t he’s using instead of milk. Not cool for the consumers health. But hey MILLYUN DOLLA YO! 🤑🤑🤑 And “even if somebody smelled it they don’t know where it was coming from”. Sounds like really successful honest business all round!
@craigfuqua4519 Ай бұрын
5% profit margin on coffee? Hmmm…
@delaslight 20 күн бұрын
No, on the business
@PaulShively 2 ай бұрын
5% on five million... I guess if you're paying yourself a couple of hundred thousand a year, before you count profit, that's worth doing. Otherwise variations could mean losing money and going out of business. If 5% is real, that needs fixed. Super cool business though
@UpFlip 2 ай бұрын
In this industry, loving what you do comes before anything else. Without that passion, it's hard to truly justify its worth, especially when it comes to the money aspect.
@PaulShively 2 ай бұрын
@@UpFlip I agree, but that's a frightening margin. Personally, I don't think I could love being there. They definitely should lean into whatever is most profitable.
@nanngg786 26 күн бұрын
5 percent too low
@millersharp5443 29 күн бұрын
Leveraging a half-mil $$$ just seems far too risky. I'd like to do like Dave Ramsey says and let my business grow at the speed of cash.
@UpFlip 28 күн бұрын
We totally get where you're coming from! 🔥
@eci1907 2 ай бұрын
its a good business model but i wonder why our how you guys convince your investors with such low profit margins ??
@UpFlip 2 ай бұрын
That's the power of a solid business plan! 😉
@MirjalolOrazimbetov-mj5wx 2 ай бұрын
.
@freedomring3022 2 ай бұрын
he can make 6 mil a year on coffee because millenials and gen z'ers are freaking terrible with money. They spend $5 to $6 a day on coffee. They should be banking that money in an index fund so that when they get older their older self can retire early. With that said, kudos to this guy for creating a successful business. I hope he doubles it to $12mil per year.
@Economics70 2 ай бұрын
$2000 a month on rent is a much greater burden than coffee.
@BudandBloomWithBlossom 2 ай бұрын
Gen z'ers?? There are a lot of other people who make good money, and that includes some retirees.
@freedomring3022 2 ай бұрын
@@Economics70 this response is so profoundly stupid my head hurts from reading it
@bushidonation7835 2 ай бұрын
okay Dave Ramsey shut up
@EmilyGloeggler7984 2 ай бұрын
He basically said he won’t tell what’s in his products - that’s shady.
@LogoBallers 2 ай бұрын
Because he wants to protect his uniqueness factor?
@javiercoronel1169 Ай бұрын
You're like 20 yrs old ? Lol
@RogueCylon Ай бұрын
Totally agree. Customer have a right to know how something is made.
@kris4897 2 ай бұрын
Margin is low.
@600DoubleRR 2 ай бұрын
Yea agreed. Maybe they should try to find another verticle within the space to sell to their customers. Merch? To me this doesn't look far off from Starbucks. You gotta think, what would someone spending $7 on a coffee buy, aside from baked goods? Thats the thing that's lacking here honestly.
@kris4897 2 ай бұрын
@@600DoubleRR They should hire a good cost controller and see if sth can be done in this area. Margin is too low, it doesn't make sense.
@Destroythekyle 2 ай бұрын
Audio engineer: high IQ. Not surprised he is successful.
@UpFlip 2 ай бұрын
He's incredibly smart, yet so down-to-earth!
@terancelee6715 2 ай бұрын
First comment 🔥🔥
@UpFlip 2 ай бұрын
Awesome! 🙌
@yapaul6226 Ай бұрын
Fucking terrible profit margin. I make 3-5% as a broker
@UpFlip Ай бұрын
Well, that's good for you! ☺️
@donaldlyons17 19 күн бұрын
Yeah and people 100% will come back to you over and over regardless of outcome(s)!!!!
@majinboo6377 2 ай бұрын
6M a year ? stop bullshitting people my man. lol. all these youtubers with their damn lies both in thumbnail and the videos are hillarious.
@UpFlip 2 ай бұрын
Hope you watched until the end to understand why it's 6M 😉
@JohannaEriksson-kv5hy 21 күн бұрын
Makes me sick that people buy 5 dollar coffees
@donaldlyons17 19 күн бұрын
Well why you don't want them to buy what they want? I don't but think if people want to buy it that is up to them not me to decide.
@studiolut 2 ай бұрын
His advide was the best. Just do and if it fails is not gonna be the end of the world
@UpFlip 2 ай бұрын
When fear of failure doesn't hold you back, you're ready to conquer the world!
@LalaPala-ml2or 28 күн бұрын
Bulshiiiit
@yeahman1756 20 күн бұрын
Food & beverage industry business is a low profit margain "AS MANY CLAIMS", If it didn't make GOOD money. Then lots of people wouldn't do it. smh.. don't be fool.
@donaldlyons17 19 күн бұрын
No low profit margin does not mean a lot can't be made... It just means the profit margin is low compared to the total cost.....
@studiolut 2 ай бұрын
Greetings from Brazil. I alway watch all the episodes. Be sure you guys are making difference in my life. I have a videomaker business in BR and thinking about get into coffee world. There`s a great opportunity in my city and this episode definately cleared my mind. Thank you @UpFlip You do a great work
@UpFlip 2 ай бұрын
Thank you for being a valued member of the UpFlip family! Wishing you the very best of luck on your coffee endeavor! ☕
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