Deciding what margin you should be charging can be the make or break of whether you win work AND whether you actually have a profitable business. 




But the hidden cost that most trades business owners miss is getting their markup and their margin mixed up. 




Today’s episode we’re going to take you through what the difference is between markup and margin, what you should be aiming for AND how you can troubleshoot to find out where the problems or missed opportunities are in your business. 




We do get technical so make sure you pause, rewind or if you just want some help and for us to do it with you book in your FREE strategy call over at www.strategysession.com.au




Listen in to Learn:

🔨 What is Margin, and where you should be making margin in your business 

🔨 The difference between gross and net margin and which you need to pay attention to 

🔨 Why you’re leaving money on the table if you don’t understand the difference between markup and margin  

🔨 Why you might be getting too many no’s OR winning work but not making any additional profit. 




Catch Part 1 here on Apple or Spotify

And Part 2 here on Apple or Spotify




Want to join a community of like-minded tradesmen or have a topic you want us to cover? Join The Trade Den on Facebook




Find out more about Pravar Group at www.pravargroup.com or @rob_kropp.

Deciding what margin you should be charging can be the make or break of whether you win work AND whether you actually have a profitable business.  But the hidden cost that most trades business owners miss is getting their markup and their margin mixed up.  Today’s episode we’re going to take you through what the difference is between markup and margin, what you should be aiming for AND how you can troubleshoot to find out where the problems or missed opportunities are in your business.  We do get technical so make sure you pause, rewind or if you just want some help and for us to do it with you book in your FREE strategy call over at <a href="http://www.strategysession.com.au">www.strategysession.com.au</a> Listen in to Learn:🔨 What is Margin, and where you should be making margin in your business 🔨 The difference between gross and net margin and which you need to pay attention to 🔨 Why you’re leaving money on the table if you don’t understand the difference between markup and margin  🔨 Why you might be getting too many no’s OR winning work but not making any additional profit.  Catch Part 1 here on <a href="https://podcasts.apple.com/ph/podcast/23-the-most-costly-pricing-mistakes-you-can-make-in/id1734142248?i=1000663244255">Apple</a> or <a href="https://open.spotify.com/episode/5UJ8onXmv2NabVnNgPrGyx?si=6c805aa3377b45de">Spotify</a> And Part 2 here on <a href="https://podcasts.apple.com/ph/podcast/24-how-to-adjust-your-prices-as-your-business-grows/id1734142248?i=1000663957036">Apple</a> or <a href="https://open.spotify.com/episode/1NYi3paURCiPgGWZCqUSBG?si=U5UnGkAlR-SBxnXrhPh7JA">Spotify</a>  Want to join a community of like-minded tradesmen or have a topic you want us to cover? Join <a href="https://www.facebook.com/groups/thetradeden">The Trade Den</a> on Facebook Find out more about Pravar Group at <a href="http://www.pravargroup.com">www.pravargroup.com</a> or <a href="https://www.instagram.com/rob_kropp">@rob_kropp</a>.

If you’re a tradie and you’ve gone out on your own you’ve probably done it because you want more out of your life… to earn more money, build wealth, have more free time with your family and live a great lifestyle. 

But for so many business owners they end up working long hours, not generating enough profit and ending up tired, stressed and with no time to connect with the very thing that matters to them most … their families. 

In The Trade Den Podcast, we pull back the curtain to share the same tools, stories and strategies that have helped hundreds of businessmen in the trades and construction industry transform their businesses and reconnect with their families. 

If you’re ready to take back control of your business and life you’re in the right place, click follow so you don’t miss a single episode and head to The Trade Den to join our Facebook Community. 

Ready to get off the Hamster Wheel and take your Business and Life to the next level? Book a Chat here 

Find out more about Pravar Group at pravargroup.com or @rob_kropp

If you&rsquo;re a tradie and you&rsquo;ve gone out on your own you&rsquo;ve probably done it because you want more out of your life&hellip; to earn more money, build wealth, have more free time with your family and live a great lifestyle.&nbsp;
But for so many business owners they end up working long hours, not generating enough profit and ending up tired, stressed and with no time to connect with the very thing that matters to them most &hellip; their families.&nbsp;
In The Trade Den Podcast, we pull back the curtain to share the same tools, stories and strategies that have helped hundreds of businessmen in the trades and construction industry transform their businesses and reconnect with their families.&nbsp;
If you&rsquo;re ready to take back control of your business and life you&rsquo;re in the right place, click follow so you don&rsquo;t miss a single episode and head to <a href="https://www.facebook.com/groups/2408346576138045">The Trade Den</a> to join our Facebook Community.&nbsp;
Ready to get off the Hamster Wheel and take your Business and Life to the next level? Book a&nbsp;<a href="https://launch.pravargroup.com.au/onestepcloser">Chat</a> here&nbsp;
Find out more about Pravar Group at pravargroup.com or @rob_kropp

The Trade Den Podcast helps tradespeople and construction business owners break free from the cycle of long hours and stress. Each week, hosts Rob and Dan share proven strategies, tools and real stories from hundreds of successful trades businesses to help you build profit, reclaim your time and reconnect with your family. Whether you're struggling with cash flow, team management or work-life balance, discover how to transform your business into one that serves your lifestyle goals. Join our community of like-minded tradespeople ready to get off the hamster wheel and take control of their business and life.

The Trade Den

If you’re a tradie and you’ve gone out on your own you’ve probably done it because you want more out of your life… to earn more money, build wealth, have more free time with your family and live a great lifestyle. 

But for so many business owners they end up working long hours, not generating enough profit and ending up tired, stressed and with no time to connect with the very thing that matters to them most … their families. 

In The Trade Den Podcast, we pull back the curtain to share the same tools, stories and strategies that have helped hundreds of businessmen in the trades and construction industry transform their businesses and reconnect with their families.

If you’re ready to take back control of your business and life you’re in the right place, click follow so you don’t miss a single episode and head to The Trade Den to join our Facebook Community 

Ready to get off the Hamster Wheel and take your Business and Life to the next level?

Book a Chat here 

Find out more about Pravar Group at pravargroup.com or @rob_kropp

If you&rsquo;re a tradie and you&rsquo;ve gone out on your own you&rsquo;ve probably done it because you want more out of your life&hellip; to earn more money, build wealth, have more free time with your family and live a great lifestyle.&nbsp;
But for so many business owners they end up working long hours, not generating enough profit and ending up tired, stressed and with no time to connect with the very thing that matters to them most &hellip; their families.&nbsp;
In The Trade Den Podcast, we pull back the curtain to share the same tools, stories and strategies that have helped hundreds of businessmen in the trades and construction industry transform their businesses and reconnect with their families.
If you&rsquo;re ready to take back control of your business and life you&rsquo;re in the right place, click follow so you don&rsquo;t miss a single episode and head to <a href="https://www.facebook.com/groups/2408346576138045">The Trade Den</a> to join our Facebook Community&nbsp;
Ready to get off the Hamster Wheel and take your Business and Life to the next level?
Book a <a href="https://launch.pravargroup.com.au/onestepcloser">Chat</a> here&nbsp;
Find out more about Pravar Group at pravargroup.com or @rob_kropp

Advertisement