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SirDumas's avatar
SirDumas
New Member
13 hours ago

Handyman - how are you guys figuring out what a job actually needs to pay?

Hey guys, I'm a Handyman myself and got tired of pricing jobs by gut feeling, so I built something that calculates pricing using my actual income goal, overhead, billable time, travel, materials and markup.

After the job, I entered what actually happened and it starts building my own personal price history and price booklet.

I'm curious about what else eveybody else uses. If somebody has something that works better i'd love hear about it or switch to that system. I ran into some guys and they were still using spreadsheet, jobber/joist, a set price book, or mostly experience/gut feeling?

1 Reply

  • HUGEHomePros's avatar
    HUGEHomePros
    Verified Community Coach

    Hey SirDumas​ - You are on the right track. It's good to get a handle of that stuff early on. I'd say the faster you can give prices for things the easier your life will become later. You need to figure out what 1-2 years from now your business would need to have steady growth then charge that today. Are you going to need a bigger work truck? What's that monthly payment? Do you have storage? Etc etc. Figure out what you'd pay somebody, all in with burden, multiple it by 2 then that's the amount you bake in to the price. 

    What I've done to save me a lot of thinking is have either a half day or full day rate. Half day is $550, Full day is $950. If you're by yourself your would probably be less but that's what I need to charge to have it make sense for me. I generally stay away from any jobs less than a half day because by the time you load your tools, hit the store, wrap your mind around a project, that's a half day anyway. Why plan your day around an hour job unless you're willing to do a bunch of small jobs in a day (we all were at one point)?

    Also, I use chat GPT for pretty much all estimating now. It knows my rates, I have it in the settings to heavily scrutinize my thought process and challenge my thinking (so it's not just being agreeable). I have it put together a production schedule for a job and I review that to see if it makes sense then make sure the daily charge rate translates to the final number.

    I hope that's not confusing but HMU privately if you want more info on any of that!