Interesting pricing video

[acourtjester]

here is a simple pricing scheme for pricing video

[Scratch]

Thanks for sharing. Pricing is one of the hardest parts. I'm not sure this formula would work for flat signs so much since a small sign isn't that much different than a large sign, but it could be great for large steel projects like furniture, railings, etc. and that's where I struggle in pricing my stuff.

[AREA]

Good video, good baseline to go from but keep in mind some industries will pay more than others for the similar amounts of work. For example I can cut a large part for a customer for use on a floor pan and can do a similar sized piece with similar amount of work for an unpainted rustic outdoor business sign. The sign customer is going to expect to pay much more than the guy welding in a floor pan. Both parts took a similar amount of time at the day but one project can demand much more than the other.

Don't just create a formula and stick with it come hell or high water because you could sell yourself short in many cases. It takes time to get a feel for what people in your area will pay and you will soon learn the types of jobs you don't which I charge much more for. I call it the BS factor. If I know I will be dealing with a lot of BS I price it so I likely won't get the job but if I do I am being well compensated. It happens.

[SegoMan DeSigns]

Interesting video, however the time it takes to bid some small jobs you could throw a random number at it based on previous jobs and be done with it. The spread sheet posted on the forum is an example of that, you waste more time / money bidding the job than you make on the job is some cases.

Some of the factors I take into account are:
How are they gonna pay: cash / credit card / check / billing
Min 1/2 hr on shop time
Billing is a 1 hr minimum, if they are a good customer I will do a monthly accumulation billing if the jobs are small ones (yet the 1 hr minimum applies).
The bigger jobs require a 50% deposit to cover the volatile metal pricing.

Happy 2022

[adbuch]

Thanks for posting Tom! I'm guessing this was created as sort of a "tongue in cheek" video, and it does certainly provide some humor! Obviously there is in many cases much more to it than the video suggests. And it certainly did "stir up the pot" a bit. Keep them coming.
David