How To price a Job? Profit Margin Vs Markup: Most Roofing Contractors don't know this

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Insights:
00:00 Intro
00:47 Profit Margin
01:15 Markup
01:42 Margin Vs Markup
02:25 The Cheat Code
03:04 Outro
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[rodrigosalcedo]

Great stuff man as someone who is just taking off his business this is gold

[swampchicken]

Content like this is going to help curve the failure rate for the better of roofing businesses.

BTW if you set up your Job Nimbus correctly and use it to estimate it will do the math for you!

Pro Tip: Make sure you are auditing your material invoices to make sure your material prices are correct to have correct estimates

[mattaconda]

There’s no such thing as profit until overhead is paid.

[shukurullohmadaliyev]

Hello!

I do run a remodeling and handyman business. And I want to start roofing business but have no experience.
What would be the logical steps?

[kamadokd]

The easiest way to do your example is:
8000/ .7 (1-.30%profit margin)

[carrieemery]

i dont have question now but ill be back thank you