Forum Discussion
Seeking Advice: Building a Pricing Strategy and Ideal Customer Avatar for MTAC Plumbing
Hi Everyone, This is Markus from MTAC Plumbing, based in Kitchener, Ontario. After 2.5 years in business, I’m reaching out to fellow plumbing companies for advice and insights. As a relatively new ...
I've had a lot of success with time and materials and when asked for a lump sum price, it frequently ends up being inflated in my favor, compared to how time and materials pricing would have played out. The key is to always be profitable - way too many contractors in all trades have too slim of margins, especially after years of inflation compounded.
Narrowing down your client base is a luxury that comes with time and figuring out where the most profit can be made. Keep your "stick on the ice" and keep saying yes to the work that makes you money!!
