What type of contracting is the most profitable

What’s up, everybody? Welcome back! 👋
In today’s video, we’re discussing how YOU can maximize profits as a contractor. Whether you’re a general contractor, remodeler, painter, drywaller, roofer, or into restoration, this video is for you! 🏠🔨
I’ll be sharing my personal journey from making a modest 5-10% profit to a staggering 80% margin! Yes, you heard that right-80%! 😲 I’ll walk you through every step we took in our business to achieve these results. Stick around, because this info is gold! 🌟
📍 Who am I? Born and raised in Birmingham, Alabama, I’ve worked my way up through the construction trades for the past 30 years, from trim and paint to framing and drywall. I’ve seen the highs and lows, and now I’m sharing all my insights with you.
🔍 What You’ll Learn:
• Profit Margins: Understanding profit margins across different types of contracting work.
• Contractor Types: Breaking down general contractors, trade contractors, and specialty contractors.
• Scaling Up: How to grow from a handyman to a high-earning contractor.
• Mindset Shift: Changing your approach to pricing and value to boost your margins.
If you’re tired of being a broke contractor and ready to make profit, you can’t miss this video. I’ll share the secrets to getting out of the rat race and into high-profit work. Let’s go! 🚀
👍 Don’t forget to like, subscribe, and comment! Let me know where you’re tuning in from and drop any questions you have down below. Your engagement helps us create more valuable content!
💡 Pro Tips:
• Charge what you’re worth: Aim for 50% margins or higher.
• Sell to a budget, not against bids: This mindset change is crucial for increasing profits.
• Deliver exceptional quality: Build a reputation for top-notch work.
If you enjoyed this video, check out more content on growing your restoration company by clicking on the videos on the screen AND don’t forget to subscribe!
Want me to help you grow your restoration company?
Go to www.WorkWithShane.com Fill out the form and let's get on a call!
🗣️ HELP SPREAD THE WORD 🗣️
If you are on facebook and are members of other restoration groups, please share this video so others can see it.
• Restoration Rebels: / restorationrebel
• NORRP: / norrp
• Truckmount Forums: / 1375097549402700
-- Do you own a restoration company? --
You NEED to see our legal document package. You can see all the contracts and documents we use to run our restoration company here
- www.RestorationContracts.com
Ever wonder if you are leaving money on the table when you are invoicing your jobs? I bet you are! Use our invoice checklist to make sure that you pick up every dollar that you deserve.
- www.InvoiceChecklist.com
Have you joined our Facebook Group Restoration University?
Click the link to get access of our FREE TRAINING PROGRAM!
Join our Facebook Group: / restorationuniversity
If you aren't following me on Facebook yet, click this link to see new content:
👥 Facebook: / therestorationcontractor
📷 Instagram: / shaneodazier
🎥 CZcams Video URL: • Video
*Affiliate Disclaimer:
Note this description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in no way obligated to use these links. Thank you for your support!
Video hashtags: #xactimate #shaneodazier #insurancerestoration

[@manyhatsservices2971]

Bro, you just absolutely walked through my path too. Handy man, bathroom remodel, Gen contracting (unlicenced), did recons for water jobs, just bought a Water franchise a few months ago to supplement the construction business. Just like you said, everything revolves around my name & reputation. We try to mark up ~40%. taking time off is very difficult.
Did the water business overtake the Remodeling?
When you first started the water stuff, how long did it take for you to being involved 100% in daily operations, to let's say 80% involved?
I appreciate all the videos.
Thanks

[@2222zach]

Very good questions. I'd like to know too!

[@matthewwoods339]

Yo can you hit us with a video about the contents side of things on a restoration job?

[@FitnessJay2023]

Do I need a contractor to do dry out and demo
In California

[@JT2009bfrd]

What is your role in a restoration project? I have a restoration company and I do the dry out and demo, then have a different team for reconstruction. When we first started out I did it all (within the limitations of not being a GC).
You need IICRC certified people on dry outs, mold jobs, fire, etc. not just anybody can do dry outs. You also need somebody that understands how much equipment to use. There’s easy math to figure it out.
Best of luck to you!