How can I create financial projections for my new product?

How can I create financial projections for my new product?

To create financial projections, start by estimating your sales volume, pricing, and costs. Do you have specific numbers in mind?

I expect to sell 1,000 units at $50 each, with production costs of $20 per unit.

Great! Your revenue would be $50,000. After subtracting production costs of $20,000, your gross profit would be $30,000. Would you like to include other expenses?

Yes, I have marketing costs of $5,000 and operational costs of $3,000.

Including those, your total expenses would be $28,000. So, your net profit would be $22,000. Would you like to see a breakdown of these projections?

Yes, please provide a detailed breakdown.