Forum Discussion
6 Replies
- FredHodgeJrJobber Ambassador
Knowing how much to charge starts with understanding your costs. (labor, materials, equipment, fuel, insurance, software, and overhead) and building your prices to cover those costs plus a target profit margin typically 15–30%. You should also research local competitors to understand the market, but don’t compete on price alone, compete on value, quality, and experience. Use production rates to ensure jobs are profitable, and always price based on the outcome, not just the task. Bundling services, offering tiered packages, and clearly communicating the benefits of your work all increase perceived value. You should also, track job times, profitability, and customer feedback to continuously refine your pricing and stay aligned with your financial goals.
- judithviragContributor 5
If you have an accountat reach out and they can help you understand all your costs and help you come up with the pricing. Call three competitors and get a quote for couple services.
- RnDGarageContributor 2
I live in town where you can't go 5 miles without seeing a mechanic but what I provide is unique service and fill a niche that customers need. My prices are about the same with competition BUT I provide something no one else does. Adding value to the customer and justifying my prices. Tell your customers what makes you unique.
Cost of goods upcharge ranges depending on how much the product costs you vs customer provided or what competitors charge for it.
Market research in your area will give you the best idea of how to direct your efforts.
- speedieinkContributor 2
just keep at it and don't give up.... marketing anyway possible and get your name out there
- EnergizeUsContributor 5
We’ll be going live on Instagram this Tuesday and Thursday to go over Pricing 101, breaking it down the right way.
Not just what to charge, but how to actually understand your numbers:
Your overhead
Your labor
Your profit margins
Your real billable time
And look... I’m not a fan of the whole “just ask your competitor” approach.Stop copying other people’s prices.
Their numbers aren’t your numbers.
Their overhead, tools, trucks, goals — they’re differentIf you don’t know how their price is broken down, you’re just guessing.
The real way to compete?
Know your numbers. Stay profitable.
If you’re profitable, you can grow on your own terms without burning out.I’ll upload some pricing graphics we’ve used to teach this.
- handiworkllcContributor 2
What I've been doing is calculating jobs based off of my hourly rate. I've discovered that there's a target sweet spot for the services that I offer for the residential side and for the commercial side. For bigger projects, I typically take my hourly rate and multiply it By how many estimated hours it would take me to do that job, and that's what I'll submit my quotes for. However, I do have fixed prices for other types of jobs. Like, for example, tv mountings, they have a set price. As one of the contributors said, I would get with your accountant to estimate how much it costs for you to operate your business and, I think it would be a good idea to come up with a price book for all the services you offer.