how to price interior painting jobs – It’s important to find the right price to paint a house. For most people, that’s a big concern, and rightly so. Those who feel too low don’t make money. Those who feel too high don’t get the job. The good news is that it’s pretty easy to appreciate it.
Do you want to spoil the first two times? Absolutely. I’ve wasted a lot of painting estimates. But every time I was wrong I learned from that mistake and I never made it again. Screwing is how you learn and how you improve.
And, of course, you can always learn from those who have worked in the industry for years. Remember, though, that no one can teach you everything you need to know (but I can teach you everything we do so you don’t make as many mistakes at the start).
There’s no way to be in business and not spoil everything. Learn to accept it and take lessons from it. If you screw up your bid, it will. It’s hard to be so low you don’t make money. And if you keep prices set too high, the customers will be informed.
Your price on your offer should be competitive, but also at a point where you can make a lot of money. Earning a lot of jobs because you have a low price is not cool. Working for cheap dirt is not cool. Quality work, at a reasonable price, and make a lot of money. it’s cool.
And never forget-the price does not sell the work. Their sale process sells the job. You can’t compromise on price to earn jobs, otherwise your business won’t grow. Being in a business is pointless if you can’t grow it.
Then we have to add our markup. Without a surcharge, you make homes for free and probably lose money. Why? Because even if you cover your costs, your company has different costs than material and labor costs.
The markup includes your insurance, guarantee fund, profit margin and all employees you hire. This includes marketing and selling costs. The more your business grows, the more you need to mark your work.
Our company is fully staffed. We have a production manager, sales reps, marketing teams, accountants and even office workers. At this level, we are aiming for a 50% margin. That basically means doubling our cost of painting a home.
When you start, you don’t have to double down. You can target a profit margin of 30% instead of 50% because you don’t have as many overheads.