My current business mainly sells disposable restaurant supplies and we have been in this industry for 6 years already. We already switched to biodegradable/eco-friendly disposable supplies and it has been doing okay.
We also started expanding a bit and we now sell biodegradable disposable pet supplies.
We want to sell more kinds of disposable/consumable products but all the other ones we can find can only be sold at low margins (less than 20%).
What are other example of high margin disposables/consumables? Or is it normal for these products to have low margins because they have to be sold at high volumes?
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You already have a large client base and a reputation . Identify what other current products or services they buy frequently and how you can do it better.
An example of this could be selling menus or starting a delivery service.
Or if you haven’t already start an ecommerce business offering your current products and find vendors that can dropship.
Make a b2b wholesale portal and a retail version if you see there’s demand.
If the numbers make sense and you see an opportunity it is worth pursuing.