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Smart Pricing Strategies: Mastering Margins and Markup
Manage episode 508324880 series 3691866
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In this episode, delve into essential pricing strategies that empower you to work with confidence. Understand the crucial differences between margin versus markup, discover how to build a real shop rate, and learn to set floors for materials. We’ll guide you on how to block labor time effectively, blend a whole job to meet your target profit, and navigate discounts and change orders seamlessly. Plus, find out how to send a clean bid that stands firm in records. Mastering these concepts is vital for any shop owner or worker looking to enhance their pricing skills!
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