Apparently, I’m a glutton for punishment. More #remodeling
As dollar amounts, "markup" and "margin" are the same. But as percentages - and how they affect your business - they’re very different.
If we have $1,000 in direct costs, a 50% markup is $500—equaling a total selling price of $1,500.
On the margin side, that $500 is one-third of the total selling price. Therefore, a 50% markup is equivalent to a 33% margin.
How would you mark up your costs to get a 50% margin? Starting once again with the total selling price ($1,500): If we expect to earn a 50% margin, we already know that costs will make up half the equation, and the other half is margin.
How much do we have to mark up these costs to get that 50% margin? If we take 100% of costs ($1,000) and add them on top of the total cost ($1,000) in order to determine a selling price ($2,000), that leaves a 50% margin. So, a 100% markup gives a 50% margin.
If you’d like to earn a 50% margin on your next project, you must double the direct cost amount to achieve it.
#trainingthetrades#smartbusiness#buildignbusiness "businesstips #constructionlife#builder#business#remodeling#jlc#jlconline
Being cheap never made a successful business. Check out the math...
When it comes to advertising most small businesses want to trim the budget.
If you have a good offer and something that is in demand—Spend!
Facebook ads can do amazing things for your business and the ROI can be very good.
Many don’t consider LTV (lifetime value) of those you capture in your sales funnel. Your true profit center.
If you think spending $300-500 per day on targeted ads is dumb, don’t tell the businesses killing it using them.
Learn how to do Facebook ads from YouTube or through a product, or hire a pro. Just don’t ignore success 👍
Anytime Anywhere! The Honeywell Lyric™ is a Wi-Fi connected platform that is designed to simplify home comfort, security, and awareness by controlling connected home products with a single app. Visit your local Coastal Supply Group location today to learn more.
⚡️ FEATURED LISTING OF THE DAY ⚡️ 4 BED | 3/1 BATH | 3,462 sq.ft | 2 car garage | $899,000
232 Hazel Boulevard in Tulsa
Fabulous Contemporary Tulsa Home! - Outdoor room
- Master first floor opens to outside living
- Office and living area on second floor with 2 bedrooms + two bathrooms
- Recessed lighting - Large kitchen
- Open concept
- Freestanding tub in master bath
To schedule a private tour, call or text Melanie at 918-549-5388 or email firstname.lastname@example.org
For more information about this home visit http://www.melaniegromov.com/homes-for-sale-details/232-HAZEL-BOULEVARD-TULSA-OK-74114/1738925/183/
Did anyone else tune in to the Daytona 500 yesterday? I’ve honestly never watched a race in my life but was happy to attend a party hosted by this recent client to celebrate. The best part though - watching everyone enjoy this basement after Ian spent a few months of long hours getting it ready for this big day! I love this job and the process and people it involves. There is truly nothing more fulfilling 🖤 Feeling lucky for so many reasons on this family day Monday.
Ovako je izgledalo prije 12 godina. Isto tako ce izgledati za par tjedana. Rusimo cijeli salon! I, naravno, radimo novi. Slijedi nam preuređenje koje smo planirali dugo vremena. Vrime je vise i zato molim za razumijevanje. VAŽNO- nećemo zatvarati. Malo cemo radit malo zatvorit malo cemo radit jutro malo popodne... Oci ce malo patiti, ali frizure i brade nece. Još ako želite klasičnu “na teču” ili “na zaštitni šljem”, dobijete je besplatno, samo treba srušiti pokoji zid ili gletovati 😂💪💪 #instabarber#instabarbershop#remodeling#preuredjenje#brijacnicanapokon#newimage#image#workinprogress#ka’#splitcroatia#brico