Powder coating - How to Price Jobs (How to price powder coating jobs)
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- เผยแพร่เมื่อ 26 ก.ค. 2024
- In this video we go over custom coating pricing and how we price smaller jobs. When you get into batch work on an industrial scale it will be different but Ill save that info for another time. Become a member at the mid to top tier for our excel updated version to be posted soon.
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Wow actually a knowledgeable BUSINESSMAN that goes with the great painter. Your customers would be so happy that you will be in business for the time you want. I resect that.
I like your pricing system. Never thought about doing it that way.
Great video, thanks for the break down!! I have a terrible habit of throwing numbers out there and a lot of times I lose on labor.
I do hydro dipping I'm planning to start powder coating pricing is tha part I'm really bad lol this video was really helpful God bless brother thanks
That’s a really cool breakdown! Very simple and smart!!! Thanks man I like these vids your doing !!
This is very helpful, Thanks Dan
Great video makes sense Thanks
Just an FYI for you Dan...If you mark something up 25%, instead of multiplying it x 1.25 , the correct way to mark something up would be to divide it by .75.....That is the standard to mark something up in the retail world. Do the math each way and see what a huge difference there is in the final result. An example would be your markup on the powder. You calculated $5 x 1.25, leaving a $6.25 total. The correct final result should be $6.67. ($5.00 divided by .75) You are costing yourself a lot of money doing it your way. Hope this helps.
Yes, u are 100% correct good catch
I’m confused, educate me how is your way correct?
@@delascott964 yeah seriously. Lets say 25% markup of a $100 part should be $125 not $133.33. I dont understand how thats 25% markup
@@Jursaw in your scenario, 1%=$1. However, markup formulas differ from what we’re taught in school. If you research online how to calculate markup, prices etc. You will see how you came up with $133 instead of $125 based off of his formula.
If I follow the trend correctly.
Calculate markup, Divide by:
.90=10%
.75= 25%
.50=50%
.25=75%
.10=90%
.38=62%
I could spit out all the markup % based off of his formula, except for 100%.
That's how to determine a selling price based off a target profit margin rather than a known markup, in your example a profit margin of 25%, which would be equal to a markup of 33.4% Markup and profit margin aren't the same thing.
Shout out to Dan for answering my question on Wednesday wisdom thank you
Great vid
I would charge at least $50 for that piece. We do a lot turbo and down pipes and each section of pipe is $50 turbos are $85 due to the masking. Also I pay my guy super well since all we do are wheels he also operates the CNC machine. Can’t stay in business long if you’re not charging enough.
I am powder coating painter 8 years experience
We have a $75 minimum invoice. Helps cover time talking with the customer and doing paperwork/invoices/taxes, etc. Plus, it keeps us from having to do super small jobs where someone just wants one small piece done. Even if we "throw it in with some other parts" we still have the time with the customer and the paperwork time we need to cover. Don't short change yourself. The market is good and people will pay.
Yeah, I hear you on those points. We have probably 10 to 15 job shops within 30 mins of us. So until they start fading off due to poor work and quality we go by our sheet. We have got to the point where we are demanding minimums, not yet to 75 but still enough to help cover those expenses you named.
@@RightNowPowderCoating We were at $50 min inv for many years. Just went up a couple of years ago.
agree completely. You also never know when that $50 customer will turn out to be a nightmare to deal with, to the point you would pay them $50 to never come back. I also agree a $75 shop minimum is reasonable. If on the fence you could always go $65 or anywhere in between
@@RightNowPowderCoating yes Goodmorning I was watching an video of Powder Coating My Rimes were u located.
Thank you for the videos. Some might think you are giving away trade secrets to potential competitors. I see it as you are informing others so they don't under charge, set low industry standards and make it harder for everyone else to be successful and profit
Joined Patreon looking forward to the excel sheet
Prob next week!
Thanks for the video, was a fast turn around. not a member, money is tight. I'll have to take a screen shot.
You added an extra $10.50 on that sheet
Thank you, Dan, train me.........lol..... Great vid.
Hey dude! Do you think you could do a video on how to shoot candies and translucent?
Well done! You must take business this serious... or you won't be in business long.
So question I'm doing a large blasting cabinet and large oven that are home made, I'm making them out of 275gal fuel tanks. The oven is going to be gas because it's 100% heat and heats faster. Now, do u see a problem with using gas ovens, and is there more money made in larger items. Just a quick pro con if u could. Thanks for the channel it's came in very helpful.
How does the acid work? What do you use and what do you put it in? Thanks
This is Chris Guilbeau, member, wondering when I can get the Excel pricing spreadsheet?
Pls...
How much has to be thicknes on powder coating wheels
We do a lot of handrails charge 30 bucks a foot across the board don't like doing small single parts
seems like a good price on your side!
Hi I just want to say great video. I want to know what is that 1.42? Is that your price per square meter or hourly rate?
On your curing time/cost I’m assuming you’re considering energy per hr etc? When out gassing; do you do that in a separate furnace?
How would you price a job with special instructions?
This is Mike Hemphill, member, wondering when the Excel pricing spreadsheet will be out?
shoot me an email and I can help you, dan@rightnowpowdercoating.com
Its Almost June 2024 how has inflation effected the business? Were you forced to raise prices do to Hyper inflation on products and wages?
Price quote ? 2012 Vw GTI big brake kit caliper front and rear in Porsche mint green color
Should be charging for tea and biscuits too. Very important.
Beer and burgers is more my speed.
What some guys do is have a set charge for putting on the oven, even if it's one spacer or a whole chassis
Yup, we do too now, we wont touch nothing for less than 125. Basically its the min we need to make per cart now that we are running production work. Thanks for watching.
How do you price for multi-stage color wheels, in my area in struggling on what to charge accordingly, obviously labor is involved if you have any insights on that please let me know
charge our hourly rate...do not quote but typically its 250 to 300 a wheel or more.
How do you calculate the amount of powder needed by just looking at parts..
Experience
@@RightNowPowderCoating That's hardest part for me to figure out
Couldn't you just charge a percentage of what that in particular power coast for each part depending on size and quantity?
You did the oven cure time twice. 39.58 is total. Or $50 min for a single job.
Lol trying to talk, write, add, and record Soni can see that happening
@@RightNowPowderCoating for sure, dont mean no disrespect just caught it. I was pumped to see another pricing video as I sometimes have a hard time with it.
@@trwelds6770 no worries, ill have to take a look at it....its an old system, we use an excel sheet now. Thanks for watching!
@@RightNowPowderCoating can you share that excel? Even a dumbed down version?
what is out gas
Placing a part in the oven prior to powder coat to bring impurities such as oil to the service (metal is porous). If you don't do this the part will probably have imperfections in the coating