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Old 01-16-2010, 07:39 PM   #1
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Default Residential vs Commercial rates

How much lower should my residential rate be than my commercial rate, feel like I lose a lot of work from being higher than the other guy who I dony know if he is legit or not .

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Old 01-16-2010, 09:32 PM   #2
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It depends on if it is service type work or new construction

Example, Residential and Commercial service rates would both be higher than new construction commercial

If your talking about residential new construction good luck, everybody and they're brother with a pick up truck and a pair of kleins is your competition

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Old 01-16-2010, 10:06 PM   #3
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... feel like I lose a lot of work from being higher than the other guy who I don't know if he is legit or not .
F him.
Lowering your prices is NEVER the way to deal with a trunk slammer.
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Old 01-16-2010, 10:16 PM   #4
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F him.
Lowering your prices is NEVER the way to deal with a trunk slammer.
i'm thinkin you small EC's are gonna be dealing with them " trunk slammers " for a long time.
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Old 01-16-2010, 10:23 PM   #5
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i'm thinkin you small EC's are gonna be dealing with them " trunk slammers " for a long time.
I'm not an EC and I've been a trunk slammer.
but competing against them based on price won't help anyone.

Markets can stay irrational far longer than you can stay solvent. -Keynes
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Old 01-16-2010, 10:30 PM   #6
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well, why should a HO/small biz owner get a legit EC , when they can get a trunk slammer for half price ? tuff times out there.
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Old 01-16-2010, 10:36 PM   #7
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I'm not an EC and I've been a trunk slammer.
but competing against them based on price won't help anyone.

Markets can stay irrational far longer than you can stay solvent. -Keynes
John Meynard! He's a hack!
Milton Freidman!
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Old 01-16-2010, 10:38 PM   #8
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well, why should a HO/small biz owner get a legit EC , when they can get a trunk slammer for half price ? tuff times out there.
...hopefully they eat each other alive and die, while the stronger entities (us), survive.
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Old 01-16-2010, 10:39 PM   #9
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Lowering your price is the same as admitting you overcharged to begin with.
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Old 01-16-2010, 10:42 PM   #10
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...hopefully they eat each other alive and die, while the stronger entities (us), survive.
Darwin rules
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Old 01-16-2010, 10:44 PM   #11
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well, why should a HO/small biz owner get a legit EC , when they can get a trunk slammer for half price ? tuff times out there.

I'm a trunk slammer. I get 50-80 per hour.
coz thats what the EC's in this area are getting. Low overhead good Profit and I keep the rates up.

Why would I drop to a cheap rate. That would only hurt me and all the others. yes i do have Insurance,licenses and the rest. Just no overhead.

I need money,not practice.
I'm a professional and expect to be compensated as such.
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Old 01-16-2010, 10:50 PM   #12
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I'm a trunk slammer...
yes i do have Insurance,licenses and the rest. Just no overhead.
then you aren't a trunk slammer.
you're just a low pricing fool
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Last edited by BryanMD; 01-16-2010 at 11:03 PM.
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Old 01-16-2010, 10:55 PM   #13
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it seems res. is quite a bit lower.a 3 year apprentice quit our company and got a job doing comm. for 15 an hour. his leadman still works here 8 yrs exp. made 17.50 but we all got a pay cut..now he makes 15.00
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Old 01-16-2010, 11:01 PM   #14
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A few years ago when I was wintering in Florida I started doing side work because the shops didn't pay much in straight wages. Most was for flippers and landlords.

First job was a through a local handyman guy who I met in the lot at a HD. The next day I met the South Georgia cracker who was the money man. The next day, after he had seen some of the work I was doing (and when I showed up when I said I would) he started calling me "my Yankee electrician".

If the work was steadier and/or I had more confidence in their business model I might have stuck around. Anyway, I still had this on my hard drive.
Attached Files
File Type: pdf Service Calls.pdf (20.4 KB, 100 views)
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Old 01-16-2010, 11:20 PM   #15
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then you aren't a trunk slammer.
you're just a low pricing fool

I would'nt say that Bryan, I am market price.
I charge the going rates.
Whats wrong with that?
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Old 01-16-2010, 11:52 PM   #16
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Lowering your price is the same as admitting you overcharged to begin with.
If they ask me to lower my price I will tell them what can we move to the wish list for next time. But I cant honestly say that has really happened to me yet. I am booked solid for a month and a half.
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Old 01-16-2010, 11:55 PM   #17
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I am booked solid for a month and a half.
rub it in huh?
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Old 01-17-2010, 12:01 AM   #18
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rub it in huh?
Na im not being a show off. I just got a little lucky with some of the contacts I made. 80 percent of my work is word of mouth now. And I really need to hire a full time guy.
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Old 01-17-2010, 12:25 AM   #19
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I would'nt say that Bryan, I am market price.
I charge the going rates.
Whats wrong with that?
setting aside the "going rate" trap...
and if those are market rates, ok...

The point is that WITH a license and insurance you aren't a trunk slammer.
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Old 01-17-2010, 12:28 AM   #20
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And I really need to hire a full time guy.
I'll come work for you.

Oh wait, it's New Jersey. Never mind.

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