How much should I charge for my Welding Service? (What are your welds worth?)
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- čas přidán 18. 12. 2021
- #entrepreneur #businessowner #money
Welcome to this weeks Sunday Special! After a lot of you asking me the same question for the past year, I decided to finally address it! How much to charge!?! I thought this was a cut and dry answer, but I grew up in a Entrupenure house hold. My father has literally never worked for anyone. And neither have I. So this came a little more intuitively to me than someone who didn’t grow up in that atmosphere. When your self employed you never make the same amount weekly. You have good weeks and you have bad weeks. By the way guys, I am NOT a business advisor. Just a guy whose owned several successful businesses. Use this advice at your own discretion. These numbers are all examples and may or may not apply to your market. The welding needs of customers and how healthy your particular market is should help you figure what your numbers are. I hope this helps!!
My hourly rate will fluctuate depending on what needs to be done. If I have to swing a 3lb hammer for hours, up 20' on a ladder, it's an emergency in the middle of the night, I charge more.
80% of my business is customers that hired the cheaper guy!
By drastically under charging, your example of $37 to $60 per hour, can put into peoples heads that you do cheap work then you won't get the good work you're looking for. Just my 2c worth
I love this video because your hourly rate is largely dependent on competition, for example, I’m fairly new to this and I’m charging $65 shop rate and $100 in the field, I charge just as much as you in the field while using a portable generator and a tiny $100 welder from Amazon on a 120 plug, yet you may say to yourself, “why are you charging soo high” simply because of the market here in NY, there isn’t a lot of welding here, especially portable welding, these large companies are charging $250 an hour in the field and $150 an hour in the shop, competitively, my rates are extremely low, and it’s what I figured out when I first started doing smaller projects because I was undercharging at $50 at first, where you live determines everything because I have 1/10th the experience of Anthony yet our field rate is the same because he lives in Florida.
Take into account MATERIAL SIZES. Guy wants angle at 16’. Full lengths are 20’. So, we cut it to size. Guess what? It’s now more expensive for less material. You just got grossed the full length (non list price) and paid the cut charge. Versus buying full lengths (which are sold at list price) and cutting yourself plus having some material left over to do what you want with. We can’t do anything with a 4’ piece of angle so it has to be paid for and then goes into clearance to sit on a shelf forever. I’m not a salesman and sure as hell don’t make commission. Just being honest. Now if customer specified they want the drops it would be list price plus cut charge. So keep all of this in mind.
I just registered my welding business! SO excited! Thanks for all the insight Ant! As always, I welcome your experience and wisdoms.
Don’t forgot to calculate and add overhead. Fuel, and maintenance. Know how much your equipment costs to run.
For us say it’s a $3000 in material job we would double the material price then tell the client the price is going to be between 5500 and 6500, this works for us very well and we usually end up right at that doubled price with room to have error or have everything go right and charge them at that lower price. But we also have set prices on stuff that we build a lot of and always come out with a little more
Man your doing great in your videos keep em coming I’m learning a lot from them love the in the field ones a lot
I always factor in 2x time it always takes me twice as long as I think it is going to take
Found this channel last week & prob watched 90% of your videos & loved every one! Im in the UK & trying to get started on my own & your advise has helped my mind set so much! Other channels make everything sound scary starting up your own buisiness, but you say it how it is & it makes sence! Thanks for your knowledge, its helped alot 👌 & great videos, keep up the good work dude 👍
Fantastic video and a great help to me. All of your videos are helping me to start my own welding business hear in the uk fantastic tips and advice you give massive respect to you your help and your work you do.all ways look forward to your videos 👍👍👍
Anthony I really appreciate what you do for all of us! Thank you brother
Great explanations! Thank you for laying this down .
Great info. I agree with adding a percentage on top after calculating material and labor cost. It’s rare that a project goes perfect and nothing worse when you’ve priced minimum and a grinder or another tool takes a turd on you.
glad you made this. i do welding and fab work on the side as side work. I am a union steamfitter as my day job here in New Jersey and decided to try and pickup some welding side work. when i first started i struggled to quote jobs and took on alot of bull shit jobs that most welders would shy away from. i made good money on some and i didnt make good money on some. i struggled for the last year on how i priced things, but now i take on the jobs i want to do. being that i get a pay check every week i can pick and choose the jobs i want. i know we have two different situations here. im glad you shared this and i can see the other side is this kind of work. ive changed how i get work with implying hourly minimums with my mobile work and its made me more happy with the jobs i get. i dont get a lot jobs that way but for me it weeds out the bullshit jobs and tire kickers that want a trailer fixed for less than $200 for more to take 4-6 hours to get there and do the jobs lol. keep on keepin on ant!
what a great subject......thanks for explaining so well......cheers, Paul
Looking into going it on my own, thanks for the really useful info!
Awesome bro a lot of younger guys need this info and hard love
Amen! I’m getting off myself the ground soon with my own side gig and your insight is very much appreciated! Even though I’ll be one of those guys with an engine drive only at first, it beats having a Trailblazer 302 sitting in the shed collecting dust..