Markup vs Margin, they are not the same thing!
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- Опубліковано 25 лют 2014
- 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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“A margin is a fancy word for what you get to keep.” Brilliant and thank you!
Well Done- yes, most companies confuse margins and markups.
you're reference about margin being the money you keep made it all click for me. Thanks!
Exactly! The same for me!
Thanks for sharing Brad!
gary smith that is exactly what I was thinking also
IHAVE studied and understood your videos
It's impressive.
Great video! Thanks!
Thank you, this has been helpful! :)
That was a great presentation! I understood before, but loved how you broke it down to fundamentals.!
Lauren Kopal, thank you, I appreciate your feedback.
Thank you so much
Very informative and well explained. I really like that you made the effort of explaining percentages just in case!! thanks
Glad you enjoyed it!
thanks so much! this was very helpful
Glad it was helpful!
Great vid! NEVER had anyone explain the percentage sign to me before -)
Lightbulb moment, thanks I understand it now 😃
Sam Povey awesome, love hearing feedback like this, thank you.
thanks..
so do you add 30% markup then do a profit margin or do you do cost and add your profit margin only
One of the best videos
Thanks for the great feedback Amila.
thanks for sharing :)
Djadjat Sudradjat you are very welcome hope it helped.
very helpfull thanks
Modern Display Solutions you’re very welcome.
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!!!
You got it Andre 💪
Hello.
I'm getting there.
Is it safe to say that markup is my sale price, and margin my profit?
Angel O yes margin is your gross profit or gross margin on the sale. This is what goes towards running the rest of your business overhead like rent etc. then what’s left from that is the amount that your tax is calculated on. Actually, I think this will be a great video for me to do, thanks for your question, stay tuned.
@@bradflynnofficial It is kind of funny how simple it was all along once I understand it.
Thanks!!
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.
Margin is what you keep as a % of sale price. Mark up is A % of the cost of goods price that you add to it to get the sale price.
When i punch in 10 / 20 then % button, it gives me 0.2
yep, that is correct.
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
Irritating sound at begning