LawnGuyLandSparky
Senior Member
Rewire said:
Any discount for self-serve?
rates
- Thread starter nizak
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Any discount for self-serve?
LawnGuyLandSparky
Senior Member
e57 said:Call it what you will...
Many years ago I had a boss who gathered up everyone in the company (15 guys) - and told everyone not to charge a dime less than $60 an hour for side work. "Why under-cut yourself?!?" FYI this was also a man very secure in the fact that no one could take his customers as none of the employees held multi-million liability insurance....
I'm gonna suggest that many years ago, the ratio of electricial contractors to available customers was quite a bit different. It is not uncommon around here to see EC's advertizing "Commercial, industrial & residential" which was somewhere between uncommon and unheard of back in the glory days.
BryanMD
Senior Member
LawnGuyLandSparky said:
Hey the license doesn't discriminate between "Commercial, Industrial & Residential".
Why should the advertising?
Your point about the ratio of electrical contractors to available customers however...
In almost every market = Bingo!
e57
Senior Member
- Location
- San Francisco, CA
LawnGuyLandSparky said:
Not really a factor for that guy - 80% of his buisiness then and now is in a little gold-mine of buildings that he enjoys no competion in. While I agree there are a lot more contractors out there now - but nearly all will do anything they can get their hands on. Most EC's here have always had the residential/commercial/industrial in all advertising - I think a few leave out industrial - but not many only advertise resi.... Or only commercial...
And ah.... When were these "Glory Days"? I remember the "Dot-Com boom" when you couldn't turn your phone on for fear of it exploding - but I'd hardly call them "Glory Days" :grin:
Rewire
Senior Member
- Location
- Lake of the Ozarks
Castle walls were made to be stormed. I am surprised someone has not gone after his "gold mine".We have pulled several contracts away from some of the ECs who thought they had a lock and we never did it by undercutting their price we just stayed consistant about wanting the work and it was just a matter of being patient.e57 said:
Rewire
Senior Member
- Location
- Lake of the Ozarks
Castle walls were made to be stormed. I am surprised someone has not gone after his "gold mine".We have pulled several contracts away from some of the ECs who thought they had a lock and we never did it by undercutting their price we just stayed consistant about wanting the work and it was just a matter of being patient.e57 said:
Pricing for PROFIT
Pricing for PROFIT
I own a electrical franchise company in the Northeast. The basic principles of business apply to us all, make a profit. To make a profit you need to know your overhead costs, van replacement (5 years), gas, insurance, Workmans Comp, Health insurance, utilities, vehicle maintenance, telephone, internet, advertising, etc.
The other major component to calculate in is billable hours and or productivity. If you work 40 hours a week, how productive are you? Do you bill out 32 hours (80%), 24 Hours (60%), etc. This is one of the major impacts of your profitability, you need to know that.
Quickbooks is a great software package and fairly in expensive, to keep track of your expenses. Even if your doing cash, you need to keep track of everything.
Pricing for PROFIT
I own a electrical franchise company in the Northeast. The basic principles of business apply to us all, make a profit. To make a profit you need to know your overhead costs, van replacement (5 years), gas, insurance, Workmans Comp, Health insurance, utilities, vehicle maintenance, telephone, internet, advertising, etc.
The other major component to calculate in is billable hours and or productivity. If you work 40 hours a week, how productive are you? Do you bill out 32 hours (80%), 24 Hours (60%), etc. This is one of the major impacts of your profitability, you need to know that.
Quickbooks is a great software package and fairly in expensive, to keep track of your expenses. Even if your doing cash, you need to keep track of everything.
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