brian john
Senior Member
- Location
- Leesburg, VA
Where are you from (note to John update profile include loaction)
Seems $1,200.00 at a minimum for here.
Seems $1,200.00 at a minimum for here.
Your price is way high
- Thread starter JohnME
- Start date
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bradleyelectric
Senior Member
- Location
- forest hill, md
That would be because you and the people that would question that price have no idea what it costs to run a service business. I use to question it myself. I've just spent to much time going over the numbers to question it any more. It's just something I've had to come to accept.
wptski
Senior Member
- Location
- Warren, MI
That could be, so what do you expect to make in profit per hour?
I'd be ecstatic to make 20% net for every hour. What does that mean?
wptski
Senior Member
- Location
- Warren, MI
Means nothing to me, tell me in dollars.
bradleyelectric
Senior Member
- Location
- forest hill, md
What he said. I was pretty disappointed when I got my license and learned how to bid work to find out it wasn't some great money making scheme. Why are some electricians so much more money than others? Some are living off their wives or former employer?s benefits and are not actually profitable businesses.
bradleyelectric
Senior Member
- Location
- forest hill, md
In dollars per manhour we could put that at around $7/hr hows that strike ya?
Bad with math? That's $20 net for every $100 generated. So what does that mean?
powerslave
Senior Member
- Location
- Land of Lincoln
I've explained to people before what some of the main costs are in running a service business. It's always the advertising bit that people are the most incredulous about. When I tell them we spend around $1,500.00/month for yellow page ads alone they think I'm lying. They think an ad in the yellow pages is only a couple hundred a year! People have no idea how expensive things are nowadays. When you're a small shop and spend many thousands of dollars each month just to be in business people don't understand and still think you are pocketing all of the money.
It's real easy for ignorant people to call you a crook.
It's real easy for ignorant people to call you a crook.
ItsHot
Senior Member
- Location
- A little piece of heaven!
price?
price?
Price seems very low? Would you rather be rested and "broke", or tired and "broke"?:smile:
price?
Price seems very low? Would you rather be rested and "broke", or tired and "broke"?:smile:
bradleyelectric
Senior Member
- Location
- forest hill, md
There's always wood to cut, weeds to pull, mulch to move.....
and $1500 a month isn't that much...I know 5 truck shops that are spending $15,000 - 20,000 a month to keep the calls coming in...because, again, you need 3-5 calls per day/truck to keep a service business rolling...
powerslave
Senior Member
- Location
- Land of Lincoln
electricguy
Senior Member
- Location
- British Columbia Canada
good...when you're done, i'll fly you here to keep doing that:grin:I am so enjoying doing that today
wptski
Senior Member
- Location
- Warren, MI
Still means nothing without a timeframe! A $100/day or $1000/day? It makes a difference.
wptski
Senior Member
- Location
- Warren, MI
That's very bad!
bradleyelectric
Senior Member
- Location
- forest hill, md
well at $800/ day labor you'd be lucky to make that much profit.
See that's the problem with this country, we don't teach our kids math.
The time frame has no bearing.
Should I make a higher % of profit if I can't generate work? And a lower % of profit because I can sell work?
Yep, considering industry avg is 2-3%
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