Where did your pricing model come from in business?
When you think of job costs, what comes to mind?
For most people, it will be labour and materials to complete the job.
If you’ve got those 2 you’re well on your way to understanding the true cost of a job BUT if you aren’t also factoring in incidentals, recouping costs for equipment you own OR you’re using an hourly rate when you don’t understand the true cost of labour – this could be one of the reasons you haven’t been making as much profit as you thought.
Last week we spoke about some of the most common mistakes we see business owners in the trades space make when they are pricing and this week we’re going to teach you how to accurately build a price that works for you without missing any of your job costs AND means that you’ll never need to drop your price again.
Listen in to Learn:
The 4 things you NEED to measure before you set a price
The real cost of your ground crew… hint: it’s more than you think
How pricing correctly can help you hold your team accountable for the budget you’ve set
The Pricing Pyramid Concept to build your sales price from the bottom up
Catch up on Part One Apple or Spotify
Listen now:
If you know your pricing needs a review but you’re not sure where to start, book a FREE call with us over at www.strategysession.com.au so we can help you start to price for profit again.
Want to join a community of like-minded tradesmen or have a topic you want us to cover? Join The Trade Den on Facebook
Find out more about Pravar Group at www.pravargroup.com or @rob_kropp.
