ฝัง
- เผยแพร่เมื่อ 1 ก.ค. 2024
- Join me today as we go over how I came to my shop rate and give my advice on how you should.
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I think a messy shop like yours sucks.
@1:52
Better than nothing
@Penelope Lares
That's funny, because nobody cares what you think.
Messy fab shops are where shit gets done.
His dirty shop shows he is making money.
Free market man! I knew I liked you. No excuses for you’re valuable time.
Well said
Your*
"Until next time, don't suck" Best closer ever.
I think we're gonna like this series!!! 😉😉💸💸💸💸💸
Good to see you here!
Hello. My name is William Watters. With Billy Goat Fabrication. I am 25 and I am starting a small metal fabrication Business. I'll be building everything from furniture to full custom thing. I am a month or so from starting my business in my free time. I have a regular job 40+ he a week as a produion fabrication. Building most everything having to do with metal. Anyway. I will become a patron in the next week. This video has helped me alot with my planning and staging. Thank you very much for your time and your helpful videos. I can't wait to use the patron perks.
I just paid a shop $165/hr plus tax to work on my rig. $100/hr sounds pretty reasonable.
Thanks for being real! I have a 5x10 cnc table. Tig welders a service body truck with a gen welder I’ve been at it for 5 years off and on. It’s hard to bid jobs well it’s been hard for me but not anymore! I’m defiantly raising my rates. I was welding at a shop that charged 150 hr one of the formen left his bid notes at my station. I was building a fab table. A 4 x8 table. 3/8 “ top with some flip down half sides. The company having it build paid 4K for that table I saw he charged for materials plus 100% 8 hrs at 150$ hr and 10 at 100$ hr. I was blown away man. But they stay busy there. I. Ended up quitting and now working for a lady who runs a decorative handrailing blacksmithing shop so that I can learn and absorb as much as possible to use for myself and my hopefully successful buisness. Thank you for the videos. Definitely subscribing and following your journey! Also I love your signs. They looks badass!!
I wouldn't worry about offending anyone that would click with the title of this video. The people that take offense to this typically, in my experience, don't have the skills/desire to do hard work.
Thanks for the good info and the encouragement!
I'll be tuned in
You're right about billing too low where people accept it too easy. I don't have a welding shop, but software and the customers I have had accepted my bids without question and gladly paid my 50% fee to begin work, but when I started out a lot of them cancelled when I was about 75-90% through a project and if I wanted that money I would have to sue for it. I switched to a milestone bid where customers bring me a project and I lay out milestones in the quote so I waste as little time as possible. I think a good thing to mention for anyone trying to make their own business is letting them know they will fail in the beginning, but it gets smoother as you gain more experience not only in your trade of choice, but in dealing with customers and contracts. It is really easy to get discouraged in the first few months of being in business yourself.
keep hustling my man! im just starting on my own too, thanks for the little tips👌
I've found that some people just don't want to pay for anything. They waste your time and that cost you money. I feel it's important to do your research to get your pricing right the first time. Because once you do a job at a certain price the customer feels your trying to up charge them for the same job when you realize your mistake. I learned this the hard way.
Right on man, every point you make resonate's quality content as always
Your videos keep popping up and I've watched a few....this one sealed the deal, liked and sub'd! Keep up the good work man.
Definitely more of this series man! Weld on!
I also learned some of these things the hard way. Thank you for taking the time to make the videos
Absolute Stellar Video Rich, Merry Christmas!
This is experience talking. Invaluable! Thanks for sharing, I'm starting and this is absolutely helpful! Subscribed
I’m so proud of you brother. Know your worth. This job is NOT easy and you make it look smooth. People can think whatever they want, but you are taking a risk to feed your family and have a business running.
Great video and really useful information . Thank you. I'm in the early stages of getting started myself, and this has helped me with settling on a starting point. Keep up the good work.
Awesome advice. Thanks for sharing the hard stuff. Keep em coming.
Brother Wow That realy Shed Some light onto all my Questions regarding This Subject!! Much Love From South Africa
Couldn’t have said it better myself. Straight forward, love it..... you rock!
Excellent advice all the way around.
I was just passing along some of the same to a guy starting out in his business.
Love the channel and advice ..thanks again buddy. Blows my mind where you find the time
Most helpful channel on this subject I've found so far.
Thank you.
Great Tips man! Glad business is well and you have figured out the secret to making it work!
What a great honest video. It's a rare thing to come across such useful and honest advices about anything really. Thumbs up man!
Very good advice and these things have helped me make my business work for me
Can not argue about anything you mentioned in this video.
Information is the most expensive tool you will buy.
You give it out for next to nothing.
So it should be very helpful to others watching this.
Thanks for sharing your passion and your thoughts.
Peter.
It isn't worth less to me after it is shared
@@42Fab beautiful 😥
@@42Fab that is some HELLA WISDOM man. It's very brave to educate potential competitors. But of course you're also educating people 6000, or 20,000 miles away who will never bid on the same jobs as you :)
That was much needed man, thanks 🍺
Awesome and interesting advice there Richard. Keep bringing the knowledge to the masses, we need more.
Another great video, Richard. Thanks for all the useful information. I'll try not to suck when I'm read to start charging.
Your understanding of basic business and economic principles gives me hope for this world. I'm subscribed, bro.
Very valuable information for starting companies! thank dude
Appreciate your frankness. your experience will help me a great deal in using my new CNC plasma. I am new to your channel but will definetly keep watching to see what else I can pick up from you. I truly enjoy learning from a hardworker and hands on, no nosense man. Also, these videos take a great deal of effort and time to make. Thank you for your time!
I started my business about a year and a half ago and while I didn't have a problem deciding on a shop rate, I did (and still have, even if slightly less) have an ongoing internal battle with quoting jobs. I don't want to rip people off, but first and foremost, I don't want to rip myself off. After being told by a few people in the beginning that "I have good prices" or by a guy I made some custom beam supports for who owns a business himself that I'm not charging enough. Now I'm much more aggressive with my quoting, but it is still a learning process.
What you really need to do is add up all of your fixed costs / divide it out by how many billable hours per month you can reasonably work, add in profit, add in what you need to make per hour to reach a baseline, with this info you can break jobs down into smaller pieces and figure out the cost for each step.
That's was very direct but honest advice. Loved it!
Great explanation, well said and I hope people understand that this info is invaluable. Thanks for sharing, one of the perks of the technology and social media. It's one of those "...I wish someone would have told me that 20 years ago ...." moments, and hopefully everyone that sees it takes from it as such. 😎👍
America is blessed to have good people like. Thank you for every minute of your time gou share. Thank you!!!
my name is Fred Quinn i like this video and i truely apreciate you shareing your thoughts and experties about your welding fab shop i welded 0ver 30 years stick n mig i worked as an strutural steel worker and welder fabricator and installer /pipe fitting elevators installs /this is very hard work and it really cost a lot of money to do diferent jobs and a lot of effert and dedication /so i give you 2 thumbs up and wish you the best in your career and your business keep up doing what your doing and may God bless you always....
I love watching videos from people with your personality. I admire the fact that you’re confident in your abilities and want others to gain those confidence and abilities.
You had me at Libertarian! LOVE IT!!!!
Fighting really hard, to leave you the hell alone.
Just found you, great video. I don’t mind your directness, that’s how men should speak, thank you.
I'm not even in this industry and found this video extremely valuable. Liked and subscribed immediately. Keep em coming!
Blunt and to the point! I like it! There’s a guy near me, he charges £100p/hr (Google says that’s 125.50 doll hairs) for line boring work, I’m in Northern Ireland 💪🏼
I started out at $50 per hour shop rate. I learned my lesson on that making knives. Love the video!
Nailed it, man! Great video and good advice!
Thanks, Your spot on I've been doing this for 24 yrs. and went thru the same problems. You forgot the time wasters that want your knowledge for nothing.
I actually wouldn't mind seeing what tools you had in that first toolbox. I've always liked seeing throwbacks of what people started with.
Great video 42fab
Good advice and informations 42fab Brother
I ran my own custom gate and metal fab biz in Las Vegas for 5 years and just like you learned to up my rate from my beginning days. Quality of work and customer satisfaction mean I STILL get calls for work today, solely from referrals, even after I haven't been doing my biz for almost 6 years now.
I stopped doing security cameras 7 years ago, still getting calls too.
@@42Fab Good work ethic and people skills are dying qualities these days. I'm in Oregon now, and do my own thing, basically dabbling in multiple revenue streams, because up here the average mindset is to just throw up something cheap and quick...nobody wants to pay for a high end entry gate.
Dude this video helped a lot. Some of the people on here are not gunna put in the time to build that’s why they are downing the video but truth be told there’s a lot of good info in the video. Keep it up
Great video. The mental block on the hourly rate is a real thing! I have a friend whos a framing contractor who only charges 30/hr. I keep telling him he needs to up his rate otherwise he's always going to be stuck dealing with the penny pinchers and tire kickers. Thanks for sharing!
This is the best shop rate video I've seen. John Saunders (NYCCNC) also did a video outlining how he sets his CNC shop rate, with details and spreadsheets. This video gives you the high level. That video gives you the nitty gritty. Cheers
"I'm a die hard libertarian, and I believe the market should solve problems" ....SUBSCRIBED! Now what were we talking about again...
Exactly, this is the first video of his I've watched and that earned a like and a subscribe.
Same. I'm also a welder and libertarian
Right on, Taxation is extortion.
Same haha
The market not always solves the problems. Often they can sell you a device which contains the planned obsolesce, and they don't tell you. This is not uncommon nowadays.
Libertarian! Been following you for a while. I KNEW there was something I liked about you!
continuously plotting to gain power so we can leave you the f- alone
Real talk man, that just motivated the hell outta me.
go get it. Give the customer what they want while earning what you deserve!
I was just getting pissed off that I barely make anything and then this video pops up! Good timing
liking these business tip videos. Maybe a few more in the future?
Gonna try for one a month or so
Appreciate you putting this video out. Most people don’t have a clue how to factor all these things in and they don’t charge enough. As a Handyman I started at $45 and hour lol and that quickly jumped to $65. Now it’s $85 and most of the time I don’t tell that to people I just use it as a metric when figuring out total bids
Great stuff man!
I have a therapy studio down the street from you and this is very much applicable!
I'm in college for Mechanical engineering right now, but I also am starting a small shop. Just about to be signing a lease on a larger space. Great stuff man!
Hopefully you quit engineering lol. I wish I did when I was your position. I’m doing well now and able to charge $300-400 an hour for my time but I enjoy fabricating way more.
Good advise 👍🏼
Awesome video THANKS !!
Awesome video bro!
great video! feeling inspired!
Awesome video man!
thanks for the good video!
Great commentary!
I love the woodwork!
being in KansasI've been struggling with this and this also helps.
Good video series brother
Im getting ready to strike out on my own. I ll take all of the advice I can get. Great video, you got yorself a sub!
Thanks for the info
Pretty good advice there fella worse part is the bit you didn't mention ..that customer that takes all your time talking about shit and his her job only for you to quote and not get the job as they never really wanted you to do just give advice how they can do it..
Makes a lot of sense adding it all up then working out how the rate is at that figure ..
You just got another sub. Thank you 😊
Great video
Good stuff to hear. Thank you! Best, @HoneyOnWales
i think you are doing a great job . and a big thank you cause i am looking at the momeent how can i start small too !!
Great job.
Joe from Detroit
Good content. Thank you
This guy is living the dream.
Awesome video
I like the honesty, I would hope your customers don't see this video though. I'm very similar in that I charge the value of my service and not the going rate. I use a different language where you say 'billable hours' I say 'productive and non productive hours'. I find that I can also be cheaper than the competition yet earn more money because I'm more productive, getting the right equipment for a good price also helps productivity and a quick return on your investment in that equipment. I like to keep a mind on how much a piece of equipment owes me after buying it, it helps me choose wisely and not just buy big boys toys... Like your videos keep em coming. Cheers J
Good info. Bro.
More of this pls
I hope you dont get tired of me saying great video!
I agree and feel like I function on the same mind set as what you said in this video. I do though have a problem with retaining customers because of price costs. I’m more into the heavy machinery repair side of work and dealing with rich owners that want cheap labor is what makes my rates difficult, I don’t give hand outs but getting consistent work from them seems to be the issue.
You don't want consistently cheap work
Good stuff.
Good stuff👍👍👍👍
I hope you don,t get tired of me saying great video!
I won't, thanks
I agree with the you want your rate were good customers will pay and either cheap customers or customers that cant afford it wont pay I agree I have gotten better customers and business from my rate being at the right number
dam good work sonny Jim
Awesome video....
great video
I charge 95 dollars an hour in my auto garage!!! That's for regular car repair, but for restoration work I have started telling people that if they want me to restore an old car or truck my starting price is 35 thousand dollars!!! If they can't or won't pay 35k labor for a restoration then I won't do it!!! Keep Rocking!!!
I'm just about to start a little fab shop at home, I've done it before. My starting rate will be $50 I'm in Australia though so it's a bit different. Great videos man I have learned a lot and will continue to learn more as I go.
I'm also in Aus man and I have a little shop at home. I started charging 50 but you find that you get really bottom of the barell work. Once I put my price up a bit, if the Jb was crappy it still paid well, but I found the crappy jobs went and I was doing better jobs. Still trying to get the price right but most people are willing to pay when I throw a number (even if I think it might be a bit high).
@@oohsam I have a few contacts I can make stringers for from my last job plus other good work as well. I'll put my price up once I get a bit busy.