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Discussion Forum

Not sure what my mark-ups should be

MikeSmith | Posted in Business on January 28, 2009 01:40am

 i  think  you  have  to  identify  your  costs… and  your  “COSTS”  include  paying  you for everything  you do…  once  you  know  what  your  costs  are  then  you have  to arrive  at  a pricing  strategy  that allows  you to cover  your   costs

 

i’d  start   by   filling   out  Jerrald’s  worksheet

and  i  bet someone  here  can  point  you  to it

 

then   you  should  go  back  into the  general  discussion area  and  delete  that  post  so you  can get  all of  the discussion  in  one  place

Mike Hussein Smith Rhode Island : Design / Build / Repair / Restore
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Replies

  1. seeyou | Jan 28, 2009 01:43am | #1

    Any suggestions, experiences, "big don'ts" ?

    Don't use other's prices to determine yours. You need to figure what your overhead (non-productive hours, vehicle expense, fuel, office supplies, etc.) costs are and decide how much profit you need to operate. Then determine your prices from that. There'll be others along to expound on this.

    http://www.quittintime.com/      View Image        

  2. User avater
    EricPaulson | Jan 28, 2009 02:19am | #2

    Put your thinking cap on..............more here than you will evr ask for!

    http://paradigm-360.com/

     

    1. MikeSmith | Jan 28, 2009 03:11am | #3

      exactlyhere's jerrald...115699.8Mike Hussein Smith Rhode Island : Design / Build / Repair / Restore

      1. JerraldHayes | Jan 28, 2009 03:55am | #4

        Okay, what did I miss?

        View Image

        1. User avater
          EricPaulson | Jan 28, 2009 04:32am | #6

          From: 

          barntimber <!----><!----> 

          5:32 pm 

          To: 

          ALL <!----><!---->

           (1 of 7) 

           

          115808.1 

          Hey I posted a question in the business section but thought I'd throw something on here as well.  I live in Minneapolis, MN and am a new contractor.  I'm wondering where I should be as far as mark-ups on both subs and materials.  I'm also wondering what a decent price for wall tile installation and floor tile installation.  I know this depends on factors like the tile size and the pattern, but is there a window per sq ft to start with?  Like assuming it were a regular brick pattern on both wall and floor, maybe 4 inch tile on the wall and 10 or 12 on the floor.  I'm hearing numbers from 7 to 20 bucks.  Just looking for some info. to help me fine-tune things a little.  I'd really appreciate the help.  I want to be competitive, but I don't want to be a part of screwing us all in the long-run by giving things away.  What do you think?

           

           

          View Image Options

           View ImageReply

           

           

            

          1. DonCanDo | Jan 28, 2009 04:37am | #7

            That was a neat trick.  How'd you do that?  You have a time machine or something?

          2. User avater
            EricPaulson | Jan 28, 2009 04:43am | #8

            barn cross posted to another folder earlier................

            rez has the papent on the time machine, not gonna mess with that!

            Have you taken a ride? 

          3. DonCanDo | Jan 28, 2009 04:57am | #9

            Have you taken a ride?

            Just a few miles on the mountain bike in a token effort to stay in shape.  I've also started running a few miles 2 to 3 times/week instead of sitting on the trainer.  But, unless we get some unusual weather in February, my plan is to do 30 minutes twice/week on the trainer starting about then.

            So, for 2009, my official ride miles are still zero.

          4. User avater
            EricPaulson | Jan 28, 2009 05:09am | #10

            I meant on the time machine.............

            LOL, I hate riding indoors.

            DW will go 20 miles. At 10 I want to stick a fork in my eye!! 

  3. User avater
    bstcrpntr | Jan 28, 2009 04:03am | #5

    What happened to the OP

    October 17th, 2009

    Jeremy and Lisa

    Was there ever any doubt?

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