My Handyman Pricing Strategy

@theprofitablehandyman

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Profitable Handyman Systemsseen in 13 videos →www.theprofitablehandyman.com ↗

Why it worked

The video provides a clear, actionable breakdown of pricing for a common service (drywall repair), contrasting a profitable strategy with a commonly underpriced one. This offers tangible value and a solution to a common pain point for tradespeople, making it highly shareable and engaging.

Summary

The video explains a handyman's pricing strategy for a drywall repair job, detailing material costs, labor, and overhead to achieve a $572 charge with a $350 profit and a 62.25% net margin. The creator contrasts this with the common practice of charging only $250, which leads to financial struggles.

Structure

1Introduction to pricing strategy
2Breakdown of material and labor costs
3Importance of overhead and profit margin
4Calculation of total charge and net margin
5Comparison with undercharging competitors
6

Original caption

#creatorsearchinsights guy this is the exact spec sheet. I used to price every single job in my company Drywall prepared small holes four hours of work $36 materials $572 charge. We’re gonna make 356 profit 62% margin if you are guessing your price, this is why you are still broke labour materials over overhead markup. This is the formula that changed everything in my business follow for exact how we price every single job. #handyman #handymanservices #handymantools #contractorlife

More from @theprofitablehandyman

Their other posts in the index, biggest breakout first.

Call to action for formula and follow

Product placement

The video shows a spreadsheet detailing job costing for a handyman service, including materials, labor, and profit calculations. The creator's website, "theprofitablehandyman.com", is also promoted.

Call to action

Drop me a comment if you like and follow.

On-screen text

My Handyman Pricing Strategy $350 PROFIT 62.25% Net Margin You commented PRICE I PRICE JOBS. HERE'S A DRYWALL REPAIR THAT'S ON MY ACTUAL SPREADSHEETS. LET ME FLIP SCREENS. LET'S GET RIGHT MOST GUYS ARE GONNA CHARGE $250 FOR A SIMPLE DRYWALL REPAIR. IF YOU DO THAT, YOU'RE LEAVING WE'RE GONNA CHARGE $572 AND HERE'S WHY. SEE, HERE'S OUR MATERIAL COST, $36. OUR LABOUR COST, HOURS AT $180. NEXT THING WE'RE GONNA LOOK AT, EVERYBODY SCREWS IT UP, YOUR OVERHEAD. IF WHAT OVERHEAD IS, UP BECAUSE IT IS EXTREMELY IMPORTANT. LABOUR AND MATERIALS, PROFIT ON EACH. YOU NEED TO CHARGE THAT. IF YOU DON'T, YOU'RE LEAVING MONEY ON THE TABLE. THAT'S HOW WE'RE GONNA GET OUR COST OF GOODS. WE'RE GONNA LOOK AT OUR PROFIT. $350 IN PROFIT. AND THIS IS THE NUMBER THAT MATTERS, 62.25% NET MARGIN. EXACT SHEET I USE FOR EVERY SINGLE JOB. SO THERE YOU SEE IT, 62% NET MARGIN. PEOPLE ARE CHARGING $250 FOR THIS AND YOU WONDER WHY YOU'RE STILL BROKE, RIGHT? SO THIS IS THE FORMULA. YOU DROP ME A COMMENT IF YOU LIKE AND FOLLOW BECAUSE YOU KNOW WHAT? IF YOU'RE GUESSING ON YOUR PRICE, THAT IS WHY YOU ARE STILL BROKE.

Transcript

You commented PRICE. I price jobs. You asked how I price jobs. Here's a drywall repair that's on my actual spreadsheets. Let me flip screens. All right guys, let's get right into this. Most guys are gonna charge $250 for a simple drywall repair. If you do that, you're leaving money on the table. We're gonna charge $572 and here's why. See, here's our material cost, $36. Our labor cost, we're running 4 hours at $180. Next thing we're gonna look at, everybody screws it up, your overhead. If you don't know what overhead is, go look it up because it is extremely important. Labor and materials, profit on each. You need to charge that. If you don't, you're leaving money on the table. That's how we're gonna get our cost of goods. We're gonna look at our profit. We're gonna make $350 in profit. And this is the number that matters, 62.25% net margin. This is the exact sheet I use for every single job. So there you see it, 62% net margin. People are charging $250 for this and you wonder why you're still broke, right? So this is the formula. You drop me a comment if you like and follow because you know what? If you're guessing on your price, that is why you are still broke.