Markup vs. Margin: The Big Difference (2024)
Growing your own small business or online wholesale ecommerce store is an incredibly rewarding and exciting experience. But if you’re someone who isn’t super familiar with business lingo and marketing terminology there might be some things that leave you scratching your head. You may hear the terms like “markup” and “margin,” but what do they mean, and why are they important? Simply put—both the profit margin and markup are two parts of the same transaction. The profit margin shows profit…