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05-04-2012, 02:56 PM
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#1
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Senior Member
Join Date: Dec 2010
Location: Twin Cities
Posts: 10,091
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Going Rate
I believe theirs no such thing as a going rate when it comes to doing electrical work. I know what I need to charge to cover my expenses and make a profit. What I charge probably wouldn't for another EC. Sure their is probably a 'going rate' when it comes to buying milk or gas but, I don't see how it pertains to our industry.
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05-04-2012, 02:57 PM
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#2
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Senior Member
Join Date: Nov 2010
Location: New England
Posts: 24,666
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This is not going to end well. 
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05-04-2012, 03:00 PM
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#3
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Senior Member
Join Date: Dec 2010
Location: Twin Cities
Posts: 10,091
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Quote:
Originally Posted by BBQ
This is not going to end well. |
They never do...   
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05-04-2012, 03:01 PM
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#4
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"small potatoes"
Join Date: Jun 2011
Location: Tralfamadore
Posts: 939
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Going......going.................................. .....gone!
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"It is as impossible to withhold education from the receptive mind, as it is impossible to force it upon the unreasoning." Agnes Repplier, American essayist
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05-04-2012, 03:02 PM
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#5
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Senior Member
Join Date: Nov 2010
Location: New England
Posts: 24,666
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Quote:
Originally Posted by Chris1971
I believe theirs no such thing as a going rate when it comes to doing electrical work. I know what I need to charge to cover my expenses and make a profit. What I charge probably wouldn't for another EC. Sure their is probably a 'going rate' when it comes to buying milk or gas but, I don't see how it pertains to our industry.
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I agree with you, but remember I am just a grunt not an owner so I don't know jack.
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05-04-2012, 03:03 PM
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#6
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Senior Member
Join Date: Dec 2010
Location: Twin Cities
Posts: 10,091
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Quote:
Originally Posted by BBQ
I agree with you, but remember I am just a grunt not an owner so I don't know jack. |
I'll ask unwired if I should believe your postings.
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05-04-2012, 03:29 PM
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#7
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Anti Political
Join Date: May 2007
Location: The land of no concealed carry
Posts: 1,780
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I think the problem is the perception of the customer. They perceive there to be a going rate, since almost every thing in the world is priced on supply and demand.
Since the customer expects this to be true -always, some tradesmen, unbeknownst to them, buy into it since they try to keep customers happy.
I am here to keep customers happy, and make a profit, today. Not on the promise of creating a new customer in the future.
If you cannot make money with what you are doing today, time to find something else for tomorrow.
Last edited by mdfriday; 05-04-2012 at 03:31 PM.
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05-04-2012, 03:29 PM
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#8
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Anti Political
Join Date: May 2007
Location: The land of no concealed carry
Posts: 1,780
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Quote:
Originally Posted by BBQ
I agree with you, but remember I am just a grunt not an owner so I don't know jack. |
I am both...what does that make me.....
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05-04-2012, 03:36 PM
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#9
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animal lover /rat bastard
Join Date: Apr 2009
Location: central east coast us
Posts: 7,061
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Quote:
Originally Posted by mdfriday
I am both...what does that make me..... |
a growner
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As President Roosevelt said: "We have nothing to fear but fear itself. And Chuck Norris. And 滿口胡言. And Grabthar's hammer. And Gort. and 江南 Style. and rotting in the street and Zombies . . . and Wayne Griffen "
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05-04-2012, 03:41 PM
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#10
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PES
Join Date: Feb 2011
Location: NY
Posts: 1,361
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Quote:
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Originally Posted by mdfriday
I think the problem is the perception of the customer. They perceive there to be a going rate, since almost every thing in the world is priced on supply and demand.
Since the customer expects this to be true -always, some tradesmen, unbeknownst to them, buy into it since they try to keep customers happy.
I am here to keep customers happy, and make a profit, today. Not on the promise of creating a new customer in the future.
If you cannot make money with what you are doing today, time to find something else for tomorrow.
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I agree all the way up to " Not on the promise of creating a new customer in the future"
Being a contractor means creating a bond with present customers so they will refer you to new customers.
Your persona sells you to the next person. What you charge one customers you may not charge another. I have noticed over the years who are my loyal customers and on occasion I will cut them a break for sometimes silly stuff.
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Sal
P.E.S
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05-04-2012, 06:33 PM
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#11
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Senior Member
Join Date: Dec 2010
Location: Twin Cities
Posts: 10,091
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Bump
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05-04-2012, 06:36 PM
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#12
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Registered Member
Join Date: Jan 2009
Location: N.E.
Posts: 16,081
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The "going rate" is a joke. 
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05-04-2012, 06:42 PM
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#13
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,599
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Quote:
Originally Posted by Peter D
The "going rate" is a joke. |
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05-04-2012, 06:43 PM
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#14
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Registered Member
Join Date: Jan 2009
Location: N.E.
Posts: 16,081
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Quote:
Originally Posted by B4T
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Because I can.
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05-04-2012, 07:16 PM
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#15
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,599
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For anyone who is interested in this.. here it goes..
The "going rate" is an average price your competitors are charging for a certain item..
You learn what other guys are charging for jobs you bid on by looking at the other estimates of jobs you have won..
Most of the time the lowest estimate wins the bid.. understand the "going rate" keeps you in the ball park and raises your chances of coming out on top..
Some here will say the "going rate" is a race to the bottom and it is stupid.. dumb and just plain crazy.. 
Like everything else you read here people will have different ideas about what will make you successful..
Oil companies, fast food outfits, 7-11, Dunkin Donuts, car manufactures.. all these businesses have spies who go to their competitor to see what the are charging for certain items..
Some here will say they don't care what other companies are charging.. losing work must not bother them I guess..
End of story..
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05-04-2012, 07:20 PM
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#16
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Senior Member
Join Date: Nov 2010
Location: New England
Posts: 24,666
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Quote:
Originally Posted by B4T
End of story.. |
So explain Neiman Marcus,, Nike, Versace etc.
All them sell the same items others sell for less. Yet they are not concerned with any going rate.
So while it may be the end of story for you there is much more to it. Perceived value.
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05-04-2012, 07:30 PM
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#17
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,599
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Quote:
Originally Posted by BBQ
So explain Neiman Marcus,, Nike, Versace etc.
All them sell the same items others sell for less. Yet they are not concerned with any going rate.
So while it may be the end of story for you there is much more to it. Perceived value.
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I have no idea who those guys are.. and don't care..
Being successful in sales is not a "one size fits all".. what works for you might not work for me..
I am only posting my opinion and what has been very good to me in the past.. some will find the information useful.. some will call me derogatory names..
I could care less.. maybe someone out there will find this information useful..
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05-04-2012, 07:33 PM
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#18
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Senior Member
Join Date: Nov 2010
Location: New England
Posts: 24,666
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Quote:
Originally Posted by B4T
I have no idea who those guys are.. and don't care..
Being successful in sales is not a "one size fits all".. what works for you might not work for me..
I am only posting my opinion and what has been very good to me in the past.. some will find the information useful.. some will call me derogatory names..
I could care less.. maybe someone out there will find this information useful.. |
PMS is a bitch.
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05-04-2012, 07:35 PM
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#19
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Senior Member
Join Date: Dec 2010
Location: Twin Cities
Posts: 10,091
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Going rate does not exist in our trade.
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05-04-2012, 07:37 PM
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#20
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Registered Member
Join Date: Jan 2009
Location: N.E.
Posts: 16,081
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Quote:
Originally Posted by Chris1971
Going rate does not exist in our trade.
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That's right. I agree there are price ranges for certain tasks and jobs, but as far as a "going rate", that is nonsense.
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