Markup vs Margin, they are not the same thing!

Confused about markup and margin in business? This video breaks down the concepts in a simple and easy-to-understand way. Find out how to calculate your margins accurately and make informed decisions for your business. Don't forget to subscribe for more valuable tips!

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[garyms]

“A margin is a fancy word for what you get to keep.” Brilliant and thank you!

[fastfartable]

you're reference about margin being the money you keep made it all click for me. Thanks!

[neilgwartzman]

Well Done- yes, most companies confuse margins and markups.

[gonferaburton]

Very informative and well explained. I really like that you made the effort of explaining percentages just in case!! thanks

[Daveglorious]

Great vid! NEVER had anyone explain the percentage sign to me before -)

[ellekopal]

That was a great presentation! I understood before, but loved how you broke it down to fundamentals.!

[garybuck]

gary smith that is exactly what I was thinking also

[sampovey]

Lightbulb moment, thanks I understand it now 😃

[assdforst]

IHAVE studied and understood your videos
It's impressive.

[jibba]

When i punch in 10 / 20 then % button, it gives me 0.2

[Angel-O]

Hello.
I'm getting there.
Is it safe to say that markup is my sale price, and margin my profit?

[nocherryman]

Wait a minute. The Margin is on what you paid for it NOT what you sell it for. It is 100% on the $10 item you sold for $20. I'm the one with the MBA from USC.

[Firm_letterGaming]

Ok so...markup is raising the price of your (cogs) and margin is what you get to keep after subtracting revenue - cogs? Thank you sir!!!

[disantolandscaping]

so do you add 30% markup then do a profit margin or do you do cost and add your profit margin only

[MrTpe]

Yeah fuck the margin, I want to know what my return on my $10 investment was.... profit is $10 I.e. I’ve made 100%... that information is way more valuable. Profit/cost