Episode 038 - "You Can't But Your Competition Can" episode artwork

EPISODE · Jan 9, 2025 · 17 MIN

Episode 038 - "You Can't But Your Competition Can"

from The Hack Hour Podcast · host The Remodeling Academy

🚨 50% Markup Is NOT Enough! 🚨 (Hackhour Podcast: Episode 38) 👉 Think you’re making bank with a 50% markup? Think again! A 50% markup only gives you a 33% margin—and that’s not enough to keep your remodeling business thriving. In this game-changing episode of the Hackhour Podcast, host Mike Menges, founder of The Remodeling Academy, breaks down why razor-thin margins are putting your business at risk—and what to do instead. 💡 What You’ll Learn: Why a 50% markup leaves you vulnerable to setbacks 🤯 The math behind achieving a 50% profit margin 🔢 How to sell value, not price, and position yourself as a premium remodeler 💎 The real cost of sticking with low margins and how it can jeopardize your business 🚨 🎙️ Episode Highlights:✔️ Why isn’t 50% markup enough?✔️ What does a 50% profit margin really look like?✔️ How to price smarter and sell better.✔️ The dangers of low margins—and how to avoid them. 💥 Don’t settle for survival—aim for success! Learn how to price your work right, deliver more value, and build a remodeling business that thrives. 💼✨ 📢 Get your FREE resources at TheRemodelingAcademy.com and take the 5-Day Remodel Challenge at RemodelingRiches.com to level up your business! 🚀 🔗 Listen Now and start transforming your business! ✨ Don’t forget to SUBSCRIBE, like, and share! Let’s build a community of successful remodelers. 💪 Resources for Remodelers: 🌐 Explore All The Remodeling Academy has to offer 📧 Morning Hammer Newsletter: Get daily tips to grow your remodeling business.  Sign up here 👉 🛠️ 🎓 theremodelingacademy.com Become a Industry Leader - be the best - be a 🏆 ✨ 🔨Renegade 🚀 Apply for Coaching: Transform your business with 1:1 coaching 👉 theredmoelingacademy.com 🏆 🛠️ 🧰 🏅🚀 The Industry's only 5 day challenge 👉 Sign up now at RemodelingRiches.com 📘Facebook = https://www.facebook.com/profile.php?id=61563600224313 📷🌈Instagram = https://www.instagram.com/theremodelingacademy/ 💼 🏢 LinkedIn = https://www.linkedin.com/company/theremodelingacademy/posts/?feedView=all✨ Podcast overview-    🚀 Don’t Forget to Subscribe & Turn on Notifications! Transform your business with weekly insights from The Hack Hour Podcast. 🎉 👉 The future of your business starts today—watch now and take back control! 💼✨🔥 📌 Tags & Keywords for Maximum Reach #RemodelingSuccess #TheHackHourPodcast #BusinessSystems #WorkSmarterNotHarder #StopTheChaos #ContractorLife #RemodelingBusiness #GrowthStrategies #PodcastForRemodelers #HomeImprovement #TheRemodelingAcademy #RemodelRebels #RenegadeRemodelers #RemodelingRiches #RemodelingSuccess #WeedTheLead #HangingDough #ConsumerConfidence #ProfessionalRemodeler #TheHackHour #ContractorLife #RemodelingBusiness #BuilderSuccess #RemodelingTips #ConstructionBusinessGrowth #RemodelerMindset #LevelUpYourBusiness #ClientSatisfaction #RemodelingLeadership #BuildBetterBusiness #SystemsForSuccess #RemodelerMotivation #ConstructionEntrepreneur #RemodelProfitability #SmallBusinessGrowth #MasterYourBusiness #ContractorSupport #TradesPro #ContractorCommunity #RemodelerWisdom #RemodelYourFuture #RemodelSmart #ProfitFromProjects #RemodelingExcellence  #ContractorLife #RemodelingBusiness #BuilderSuccess #RemodelingTips #ConstructionBusinessGrowth #RemodelerMindset #LevelUpYourBusiness #ClientSatisfaction #RemodelingLeadership #BuildBetterBusiness #SystemsForSuccess #RemodelerMotivation #ConstructionEntrepreneur #RemodelProfitability #SmallBusinessGrowth #MasterYourBusiness #ContractorSupport #TradesPro #ContractorCommunity #RemodelerWisdom #RemodelYourFuture #RemodelSmart #ProfitFromProjects #RemodelingExcellence 🎯 #RemodelingBusiness #HackhourPodcast #MarkupVsMargin #RemodelerSuccess #SellValue #PricingStrategy #BusinessGrowth #TheRemodelingAcademy #50PercentProfitMargin #RemodelingTips #Entrepreneurship

🚨 50% Markup Is NOT Enough! 🚨 (Hackhour Podcast: Episode 38) 👉 Think you’re making bank with a 50% markup? Think again! A 50% markup only gives you a 33% margin—and that’s not enough to keep your remodeling business thriving. In this game-changing episode of the Hackhour Podcast, host Mike Menges, founder of The Remodeling Academy, breaks down why razor-thin margins are putting your business at risk—and what to do instead. 💡 What You’ll Learn: Why a 50% markup leaves you vulnerable to setbacks 🤯 The math behind achieving a 50% profit margin 🔢 How to sell value, not price, and position yourself as a premium remodeler 💎 The real cost of sticking with low margins and how it can jeopardize your business 🚨 🎙️ Episode Highlights:✔️ Why isn’t 50% markup enough?✔️ What does a 50% profit margin really look like?✔️ How to price smarter and sell better.✔️ The dangers of low margins—and how to avoid them. 💥 Don’t settle for survival—aim for success! Learn how to price your work right, deliver more value, and build a remodeling business that thrives. 💼✨ 📢 Get your FREE resources at TheRemodelingAcademy.com and take the 5-Day Remodel Challenge at RemodelingRiches.com to level up your business! 🚀 🔗 Listen Now and start transforming your business! ✨ Don’t forget to SUBSCRIBE, like, and share! Let’s build a community of successful remodelers. 💪 Resources for Remodelers: 🌐 Explore All The Remodeling Academy has to offer 📧 Morning Hammer Newsletter: Get daily tips to grow your remodeling business.  Sign up here 👉 🛠️ 🎓 theremodelingacademy.com Become a Industry Leader - be the best - be a 🏆 ✨ 🔨Renegade 🚀 Apply for Coaching: Transform your business with 1:1 coaching 👉 theredmoelingacademy.com 🏆 🛠️ 🧰 🏅🚀 The Industry's only 5 day challenge 👉 Sign up now at RemodelingRiches.com 📘Facebook = https://www.facebook.com/profile.php?id=61563600224313 📷🌈Instagram = https://www.instagram.com/theremodelingacademy/ 💼 🏢 LinkedIn = https://www.linkedin.com/company/theremodelingacademy/posts/?feedView=all✨ Podcast overview-    🚀 Don’t Forget to Subscribe & Turn on Notifications! Transform your business with weekly insights from The Hack Hour Podcast. 🎉 👉 The future of your business starts today—watch now and take back control! 💼✨🔥 📌 Tags & Keywords for Maximum Reach #RemodelingSuccess #TheHackHourPodcast #BusinessSystems #WorkSmarterNotHarder #StopTheChaos #ContractorLife #RemodelingBusiness #GrowthStrategies #PodcastForRemodelers #HomeImprovement #TheRemodelingAcademy #RemodelRebels #RenegadeRemodelers #RemodelingRiches #RemodelingSuccess #WeedTheLead #HangingDough #ConsumerConfidence #ProfessionalRemodeler #TheHackHour #ContractorLife #RemodelingBusiness #BuilderSuccess #RemodelingTips #ConstructionBusinessGrowth #RemodelerMindset #LevelUpYourBusiness #ClientSatisfaction #RemodelingLeadership #BuildBetterBusiness #SystemsForSuccess #RemodelerMotivation #ConstructionEntrepreneur #RemodelProfitability #SmallBusinessGrowth #MasterYourBusiness #ContractorSupport #TradesPro #ContractorCommunity #RemodelerWisdom #RemodelYourFuture #RemodelSmart #ProfitFromProjects #RemodelingExcellence  #ContractorLife #RemodelingBusiness #BuilderSuccess #RemodelingTips #ConstructionBusinessGrowth #RemodelerMindset #LevelUpYourBusiness #ClientSatisfaction #RemodelingLeadership #BuildBetterBusiness #SystemsForSuccess #RemodelerMotivation #ConstructionEntrepreneur #RemodelProfitability #SmallBusinessGrowth #MasterYourBusiness #ContractorSupport #TradesPro #ContractorCommunity #RemodelerWisdom #RemodelYourFuture #RemodelSmart #ProfitFromProjects #RemodelingExcellence 🎯 #RemodelingBusiness #HackhourPodcast #MarkupVsMargin #RemodelerSuccess #SellValue #PricingStrategy #BusinessGrowth #TheRemodelingAcademy #50PercentProfitMargin #RemodelingTips #Entrepreneurship

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Episode 038 - "You Can't But Your Competition Can"

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This episode was published on January 9, 2025.

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🚨 50% Markup Is NOT Enough! 🚨 (Hackhour Podcast: Episode 38) 👉 Think you’re making bank with a 50% markup? Think again! A 50% markup only gives you a 33% margin—and that’s not enough to keep your remodeling business thriving. In this...

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