Continuation of the pricing thread from the "lets see so pic

[Guest]

I didnt want to clog up the other thread any more than it was............

My question would be a guy paid 2g's for wheels he wasn't happy with the way they looked but won't pay you just over a forth of that $550 to make them look the way he wants, so he can cruise in pride knowing others will want what he's got? Imagine what that will do for his ego. It'll give the eight inch ego. You are awesome at what you do and I think you should sell that.

A lttle more info on this.......he is the kind of guy that will spend stupid money, but even so he was at his limit on these.....I had given him the original quote back in late Dec. on these and since we wouldnt know if they had to be stripped till we threw one in the oven he was looking at a $550 quote with stripping.........he has been on the fence for 2 1/2 months on buying them.....if the quote had been any higher I dont belive he would of done it and if the price was to high for him it deffinatly would be to high for anyone else in this area.......by choice we are doing strictly custom powder work no production stuff at all so I have to figure out where that ceiling is so we stay under the line of getting some work vs no work at all (of course with all of the layoffs around here that ceiling will be fluid)

If we were an established shop this would be easier.....but we are still babes in the woods

I migh also add for more comparison info that after 2yrs and doing our display at shows/cruises almost every other weekend last summer.......... even with the prices we are at, this is only the 5th set of customer wheels we have done.

[JHForman]

Re: Continuation of the pricing thread from the "lets see so pic

I didnt want to clog up the other thread any more than it was............

My question would be a guy paid 2g's for wheels he wasn't happy with the way they looked but won't pay you just over a forth of that $550 to make them look the way he wants, so he can cruise in pride knowing others will want what he's got? Imagine what that will do for his ego. It'll give the eight inch ego. You are awesome at what you do and I think you should sell that.

A lttle more info on this.......he is the kind of guy that will spend stupid money, but even so he was at his limit on these.....I had given him the original quote back in late Dec. on these and since we wouldnt know if they had to be stripped till we threw one in the oven he was looking at a $550 quote with stripping.........he has been on the fence for 2 1/2 months on buying them.....if the quote had been any higher I dont belive he would of done it and if the price was to high for him it deffinatly would be to high for anyone else in this area.......by choice we are doing strictly custom powder work no production stuff at all so I have to figure out where that ceiling is so we stay under the line of getting some work vs no work at all (of course with all of the layoffs around here that ceiling will be fluid)

If we were an established shop this would be easier.....but we are still babes in the woods

I am right there with you, but I base my pricing on what I feel is fair, I do a set of car wheels in standard colors for 200 for the set. Just to give you a ballpark on my pricing. I think I need to increase my pricing a little I have more work then I can handle at this current point in time.

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

I didnt want to clog up the other thread any more than it was............

My question would be a guy paid 2g's for wheels he wasn't happy with the way they looked but won't pay you just over a forth of that $550 to make them look the way he wants, so he can cruise in pride knowing others will want what he's got? Imagine what that will do for his ego. It'll give the eight inch ego. You are awesome at what you do and I think you should sell that.

A lttle more info on this.......he is the kind of guy that will spend stupid money, but even so he was at his limit on these.....I had given him the original quote back in late Dec. on these and since we wouldnt know if they had to be stripped till we threw one in the oven he was looking at a $550 quote with stripping.........he has been on the fence for 2 1/2 months on buying them.....if the quote had been any higher I dont belive he would of done it and if the price was to high for him it deffinatly would be to high for anyone else in this area.......by choice we are doing strictly custom powder work no production stuff at all so I have to figure out where that ceiling is so we stay under the line of getting some work vs no work at all (of course with all of the layoffs around here that ceiling will be fluid)

If we were an established shop this would be easier.....but we are still babes in the woods

I am right there with you, but I base my pricing on what I feel is fair, I do a set of car wheels in standard colors for 200 for the set. Just to give you a ballpark on my pricing. I think I need to increase my pricing a little I have more work then I can handle at this current point in time.

I was doing car wheels for 200 a few months ago and it was absolutely killing me. I realize that I was not gaining any more customers by doing them at 200 than if I went with 300. I'm not sure how fast you can all get a wheel prepped, but I have never gone from the customer to off-gassing in less than an hour. That alone is 4 hours at 50 bucks an hour. Then shooting will be at least another hour or two. 300-400 leaves a nice room for profit in case they turn out to be really time consuming or a second coat is required. That's of course on single color wheels between 15-18 inches.

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

We are at $240 plus stripping for single stage w/no masking

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

We are at $240 plus stripping for single stage w/no masking

That's the tricky part. $240 for just the powder coating seems profitable considering my costs and time, it's the stripping/prep time that's time consuming and usually a royal PITA.

[Streetwerkz]

Re: Continuation of the pricing thread from the "lets see so pic

I think everyone should be fair yes, however at the end of the day it cost "X" amount of $ pr minute to run any biz.

A biz owner needs every penny they can get, and should be paid for every second of work.
those wheels at my shop would have just been a time, and material job, period.
I tell the client a guesstimate price, and try to stick to it as best as possible (always add 15-20% for the unforeseen) If it's lower, they are not going to complain... I promise

If I quote say $500.00 and we reach that limit I call them and say "We're are $500.00 I think it will be another 2 hours do you want to continue?"

Of course have to be honest, and fair all biz transactions need to be a "win/win" transaction for the client, and shop.

think about how many times you have gone to buy a quality part/service thinking it was $50, and you get there and the sale person says sorry it's actually going to be $75.... and you buy the part/service... even at a higher rate, get what you want, and walk away happy.

For bare clean metal rims, single stage in stock color in my shop start at $250.00 for a set of 4, people love it.
2 coats 50% more, 3 coat 100% more
special order powder cost of powder, plus shipping, plus 15%
custom masking is $50 pr hour period
Media cleaning $50 pr hour
shop supply's (which do not include powder) are 10%

I'm fair and honest, and do my best to make clients happy, and people pay for it.
the people who don't are not generally people I want to do biz with anyhow.

I think you have shown your worth via your work, now convince yourself to get paid what your worth and you will soon enough.

[JHForman]

Re: Continuation of the pricing thread from the "lets see so pic

Juan]

We are at $240 plus stripping for single stage w/no masking

That's the tricky part. $240 for just the powder coating seems profitable considering my costs and time, it's the stripping/prep time that's time consuming and usually a royal PITA.

I get a set stripped for 45$ kinda hard to beat.

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

Juan]

We are at $240 plus stripping for single stage w/no masking

That's the tricky part. $240 for just the powder coating seems profitable considering my costs and time, it's the stripping/prep time that's time consuming and usually a royal PITA.

I get a set stripped for 45$ kinda hard to beat.

Holy sh*t man! I pay $35 A WHEEL! At 140 a set now you can see why I can't do wheels for $200. Hopefully that will all change next week when I can start doing some of that in house

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

Great post Streetwerkz.

That overhead cost is the single most important thing for a business owner to know. People get into a business because it is something they like to do, but forget that to run any business, you are going to have to be able to show a profit. No matter what your business is, you are going to have to not only know how to do that, but how to be able to keep doing it. The best investment you can ever make in your biz is to sit down and take a serious look at your costs and income. Little changes in either of those things makes a huge difference come the end of the month. You need to come up with a cost for your time and use that on everything. I think it was HD and someone else that posted their breakdown sheets. That right there was GOLD for the new coaters. Yes it looks like much more of a pain in the ass then glancing at something and saying a price, but those guys know they are going to get enough to cover the job and keep the doors open, and that is the key to success.

I perfect example of this...I ran an internet cafe in New Orleans until Katrina. When I started I had a pretty decent thing going on and I was making a couple thousand a month pretty much out of the gate. At the time I was working another job, so 2k a month was a hell of a nice bonus, but I was working my ass off. I had a full time job, and I was putting in about 40-60 hours a week in my shop. With some major adjustments in how we were doing things, I ended up bringing costs down about 30%. That is all pure profit, right into my pocket which was enough to allow me to quit my job and concentrate on getting sales in my shop up. At the end we were pulling in about $4-6k a month profit in off season and my only real 'job' was to make the deposits. I hired a manager and staff and sat back and watched

Running a business sucks because it keeps you from doing the actual business, but at the same time if you don't look at that side of things, you are screwing yourself. With some pretty small changes, most businesses could put a lot more cash in their pockets for the exact same amount of work. Maybe we should have a business class that sunday morning of the rodeo. I would be glad to sit down with anyone who wants to go over their books and try and get a handle on some of these things and I would bet a couple of these guys with successful shops would be willing to show off their fatty estimate pages.

[Guest]

Re: Continuation of the pricing thread from the "lets see so pic

I think everyone should be fair yes, however at the end of the day it cost "X" amount of $ pr minute to run any biz.

A biz owner needs every penny they can get, and should be paid for every second of work.
those wheels at my shop would have just been a time, and material job, period.
I tell the client a guesstimate price, and try to stick to it as best as possible (always add 15-20% for the unforeseen) If it's lower, they are not going to complain... I promise

If I quote say $500.00 and we reach that limit I call them and say "We're are $500.00 I think it will be another 2 hours do you want to continue?"

Of course have to be honest, and fair all biz transactions need to be a "win/win" transaction for the client, and shop.

think about how many times you have gone to buy a quality part/service thinking it was $50, and you get there and the sale person says sorry it's actually going to be $75.... and you buy the part/service... even at a higher rate, get what you want, and walk away happy.

For bare clean metal rims, single stage in stock color in my shop start at $250.00 for a set of 4, people love it.
2 coats 50% more, 3 coat 100% more
special order powder cost of powder, plus shipping, plus 15%
custom masking is $50 pr hour period
Media cleaning $50 pr hour
shop supply's (which do not include powder) are 10%

I'm fair and honest, and do my best to make clients happy, and people pay for it.
the people who don't are not generally people I want to do biz with anyhow.

I think you have shown your worth via your work, now convince yourself to get paid what your worth and you will soon enough.

I like the way you think - like a business man!

Most of us are afraid to hear "holy !#$%^&!! that's too much!! You're nuts!! I can buy a new set for...", but really we shouldn't worry about it.

I recently did some cycle parts for a guy (at my regular rate) and he felt it was a super deal. Many times I have tossed out the same prices without any reply. You just don't know what perspective the customer will have.

Many of us (me included) need to get more focused on the business of making money at this. We spend a lot of our time and money (equipment) to do good work, and need people to know it's not like painting something with a spray can.

I personally would like to see a pricing section. At least it would give you a high and low price that you could fit yourself into and adjust for individual factors. It's too easy to underestimate the difficulty of parts that you are not familiar with.


Jay

[Streetwerkz]

Re: Continuation of the pricing thread from the "lets see so pic

trust me, it has cost us a ton of money learning the hard way, and guessing prices.
We have a pretty good pricing system now, and a pretty good following of clients, our current hurdle is creating a company identity/brand and getting more volume through the door.

I am not a true biz man, just a car guy trying to learn business.

surround yourself with successful people, and you will be successful.
I have learned alot from people who are successful in business, I don't blink at asking questions like "how do you do it?" or "what works for you?" and see it I can apply it to my life somehow.

It's hard to stay focused, positive, and on task when you quote, order, inventory, prep, shoot powder, clean up, and so on, but it all works itself out if you just show up and do the work well.
I'm not a great example of this, I'm just a hillbilly from Ohio trying to make my way, one day I'll figure it out, just like everyone else on here will