"I'm adding a 30% markup so I'm making a 30% margin, right?" WRONG. And this one mistake is quietly gutting your profit. Most tradies are accidentally working for peanuts because they confuse markup with margin. Your competitors who understand this difference? They're banking an extra $50k-$100k per year on the SAME amount of work. But here's the good news... There's a dead-simple formula that fixes this forever: Want a 30% profit margin? Take your costs and divide by 0.70 Want a 40% profit marg
FacebookThe Profitable Tradie Program
"I'm adding a 30% markup so I'm making a 30% margin, right?" WRONG. And this one mistake is quietly gutting your profit. Most tradies are accidentally working for peanuts
The Profitable Tradie Program. . "I'm adding a 30% markup so I'm making a 30% margin, right?" WRONG. And this one mistake is quietly gutting your profit. Most tradies are accidentally working for peanuts because they confuse markup with margin. Your competitors who understand this difference? They're banking an extra $50k-$100k per year on the ...
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Let me show you why marking up by 30% is killing your business... Take a job where labour and materials cost $10,000. You add your standard 30% markup Meaning you charge the client $13,000. You think you're making $3,000 profit, right? Unfortunately not. Your actual gross profit margin isn't 30% - it's only 23%. And that's BEFORE you factor in: - Tax on that profit - Admin time managing the job - Vehicle maintenance and fuel - Tool wear and replacement - Insurance costs - Sick days and annual le
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