In Materio, if you sell to clients at a profit, you can set your prices by adding a markup on top of your costs. This lets you control the profitability of every piece of project scope, including products, labor, shipping, and more. This article is comprehensive guide on how to enter and manage markup rates in your projects.

Correctly accounting for markups in your projects is key. The information below outlines how you can include markups in your Materio projects.

If you want to learn more about how markup affects gross profit, here is a simple guide.

Our Clipper Chrome Extension allows you to clip products directly from a product’s website into your Design Library. Materio's Clipper is the fastest way to add items to your library by grabbing product information, prices, and images directly from the web page.

The Clipper Chrome Extension has a single input for marking up the product. Entering a markup percentage applies the markup to both the material/product and shipping in your Design Library. To vary those markup rates, you'll need to edit the product in your library after clipping.

In the future, we will be improving the Clipper to give you control over both markups separately in the Clipper itself!

Here is an article and video that goes into more depth on how to use the Clipper.

When you have consistent markup rates across all your items within a project, setting your default rate when establishing your scope is an efficient way to set yourself up for success! However, if your markup varies by item, this may not be the best option for you. Remember that you can edit a product at any point in your scope of work, allowing you to change your markup even if you set it as a default rate. An important caveat here is that the markup added to an item in the design library will prevail.

Refer to this in-depth guide for detailed guidance on setting up markups at the start of a project.

If you didn’t create default markup rates at the beginning of your project, you can still add them to your project once you’ve already begun. Doing so will establish default markups for all your scope items moving forward. It will not edit items you have already entered into your Scope of Work.

For step-by-step instructions on how to do this, check out this guide.

You can also update markups for an item in the Design Library. This is great when you have a standard markup for a product you use across projects.

Note that updating markups in the library will not update the Scope of Work items where you have already entered that item. Here is an article that steps you through the process.

You can also update an item’s markup within the selection option in the Scope of Work item.

When updating the markup in this way, you will have the option to update the product in the Design Library. If you do so, it will not update the item in any of your projects, only in your Design Library.

To learn more, here is an article.

Materio makes it easy to track and invoice for incidental [billable] expenses quickly. Billable expenses can include shipping, delivery, specialized tools, consumables, business meals, sample materials, and any other miscellaneous expenses that must be billed to the client.

When you invoice for these expenses, you can add a markup. Refer to this guide on how to do so.

Want to determine your markup percentage based on the final price you would like an item to be? Easy! We have a feature for that. This article shows you how to do so using our markup calculator feature.