Smart Pricing Strategies: Mastering Margins and Markup

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! Hosted on Acast. See acast.com/privacy for more information.