How do you go about pricing your services for profit?

Every field’s a little different, but for us it’s all about knowing our real numbers. We price from the ground up: materials, labor, equipment, overhead, and a little buffer for unknowns. Labor is usually the biggest swing, so if you miss that, you lose money quick. Once we know our true cost, we stick to a margin that keeps the business healthy. If it doesn’t make sense, we pass.

On price increases, we just keep it real. Costs go up (materials, fuel, labor) and we explain it simply. No fluff. Most good clients get it, especially when you show up, communicate well, and do solid work.

Hi Iam new to this community. I run a landscape construction company in North Bay Ontario Canada. I’m in my second year of business and I find the most difficult issue with pricing jobs properly. Any pointers would be great.! 

I price projects internally at time and materials plus a size fee, then take it to my customers with 15-20% markup with timed explanations for each line item. My goal is to be at about 35-45% profit. 

I price my services by considering both the quality of my work and the convenience of being a mobile stylist. I factor in my costs, including products, travel, and time, to ensure every appointment is profitable. My pricing also reflects the personalized, one-on-one experience I provide in my clients’ homes. I stay mindful of my local market so my rates remain fair while still honoring my value. This approach allows me to maintain a sustainable business while consistently delivering high-quality service.

I built a calculator in excel that I can use to help me price my jobs. I have all my normal expenses, hourly rates, equipement costs, consummables, assets, my operating rates etc etc. Then all I need to do is enter my estiamate job time, and it gives me a job cost and a job price. Helps keep everything more consistant and profitable. I'm also not leaving as much profit on the table.

You need to know the cost of your materials, the time it will take based on your company previous projects, your employees or subcontractor cost. Then factor in misc. items and factor in your profit margin. Trip charges, dump fees and the insurance portion of this job. Set budget goals and let the homeowner upfront if there are issues that are unforeseen, will need to have a change order. Always go back and look at your previous projects that were similar and if you made a profit, check for material increases.

I have been in the Residential Painting business since 2022. After a year of business, I about called it quits cause nothing was going right. I have finally started getting my business back up and going but I don't know how to generate sales or boost Revenue or build Clientele work my business making $0 at this point since I started back from the ground up. I'm lost and need help before my business officially falls apart. It's been my dream.

Doing construction estimation services, I’ve learned you can’t guess your profit. You have to account for labor, materials, overhead, and risk upfront. When prices move, I communicate early and back it with data

As we are providing estimation services, I price for profit by accounting for labor, materials, overhead, and risk — not just what it takes to win the job. When costs go up, I show clients the numbers. Data makes those conversations easier.

Hey yall! Trying to find some support and feedback for my price increase feature request. I'd love to see what ideas you guys have, and if it would help you out too! 
See My Thread Here!