170 – Are you confusing mark-up and margin?
When it comes to working out your selling prices, one of the biggest mistakes people make is getting their margin and mark-up all mixed up!
It’s easily done as the two words are pretty similar. But it can be a costly mistake to make if you get it wrong.
In this episode, I explain what the difference is between a margin and a mark-up, and what percentages you should be aiming for depending on how you are selling your products.