Results 1 to 11 of 11

Thread: Labor Pricing

  1. #1
    Join Date
    Mar 2022
    Posts
    1
    Post Thanks / Like

    Labor Pricing

    Iím trying to start my own ornamental iron business. Iíve been doing it for several years, but Iím having trouble learning the business side. My former employer wouldnít help me learn how to price my work even though they were retiring and getting out of the business. Any help yíall can give would be much appreciated.

  2. #2
    Join Date
    Jan 2004
    Location
    Brethren, Mi
    Posts
    3,290
    Post Thanks / Like

    Re: Labor Pricing

    Enough to give them a heart attack, not enough to kill them.

  3. #3
    Join Date
    Jun 2012
    Location
    CT
    Posts
    4,982
    Post Thanks / Like

    Re: Labor Pricing

    This question has been asked and answered many times. Try using search. Use phrases like shop rates, labor rates, how much would you charge, etc.
    Miller Multimatic 255

  4. #4
    Join Date
    Nov 2005
    Location
    Nashville, TN
    Posts
    4,791
    Post Thanks / Like

    Re: Labor Pricing

    Given our current state, your employer may not have known? Cover your gass.

  5. #5
    Join Date
    Mar 2018
    Location
    Clovis California
    Posts
    6,355
    Post Thanks / Like

    Re: Labor Pricing

    The only toll was just call others in same line of work.
    Getting started you need to have a better price.
    My line work at time only had 3 other companies in America and we new everyone. So this did not work for me.
    But contractors did tell me there price.
    The ornamental iron business is harder since a lot more in work and they can work from backyard too. In California to install ornamental you need a contractors license too. Other states just a business license [always make a portable type work fewer problems]

    Dave

    Quote Originally Posted by Ruger View Post
    Iím trying to start my own ornamental iron business. Iíve been doing it for several years, but Iím having trouble learning the business side. My former employer wouldnít help me learn how to price my work even though they were retiring and getting out of the business. Any help yíall can give would be much appreciated.

  6. #6
    Join Date
    May 2011
    Posts
    619
    Post Thanks / Like

    Re: Labor Pricing

    If your in NJ, good luck! You may find out the hard way why smaller guys aren't there anymore.

  7. #7
    Join Date
    Mar 2018
    Location
    Clovis California
    Posts
    6,355
    Post Thanks / Like

    Re: Labor Pricing

    Any self employment can have up's and downs. Typically the big guys have good ads and word of mouth.
    Most go into do take in the advertising and salesman ship.

    For longest time would companies that did a lot but there quality was not. What had going for them selves in a good salesman ship.

    Dave

    Quote Originally Posted by Country Metals View Post
    If your in NJ, good luck! You may find out the hard way why smaller guys aren't there anymore.

  8. #8
    Join Date
    Oct 2009
    Location
    Foley, Al
    Posts
    457
    Post Thanks / Like

    Re: Labor Pricing

    The post in this link is what I have to offer.

    https://weldingweb.com/vbb/threads/7...73#post8846373

    If you're just getting started, it's a little harder, as you don't know how much a lot of your expenses are. Add up the ones you do know (shop rent cost, telephone and internet cost, etc etc). Estimate the ones you don't know - take your estimate and multiply it by 1.75 (will probably still be low, but it gets you somewhere). Then tally them all up as I said in the linked post, and go from there. Reevaluate in a few months, and again a few months after that - the more time goes on, the better a handle you'll have on your expenses.
    Who is John Galt?

  9. #9
    Join Date
    Dec 2010
    Location
    SoCal-LA
    Posts
    10,062
    Post Thanks / Like

    Re: Labor Pricing

    When I started I charged 3 times what I paid my employee. Now I charge 4 times my employee considering all the bull ship taxes, fees, and fines I endure. So yeah I pay no employee more than $25/hr, so my shop rate is $100/hr, with a 25% discount for geezers over 65 years young. The geezer discount age goes up every year I get older because I am 65. If I can work, they can work. I will still give the discount if they bring me some kind of fruit pie. I had one lady make the best peanut butter pies. She got the best discount, then she died on me.
    Weld like a "WELDOR", not a wel-"DERR"
    MillerDynasty700DX,Dynasty350DX4ea,Dynasty200DX,Li ncolnSW200-2ea.,MillerMatic350P,MillerMatic200w/spoolgun,MKCobraMig260,Lincoln SP-170T,PlasmaCam/Hypertherm1250,HFProTig2ea,MigMax1ea.

  10. Likes rhunt, tbone550 liked this post
  11. #10
    Join Date
    Nov 2012
    Location
    North Port Florida
    Posts
    243
    Post Thanks / Like

    Re: Labor Pricing

    In the beginning figuring what to charge is like knowing how they built the pyramids. basically your rate should be similar to other skilled trades in your area. Your rate never will be cheap enough and once in a while a customer will pay extra, usually on a small job. good luck!
    We've done so much, for so long, with so little. Were now qualified to do anything with nothing !

  12. #11
    Join Date
    Aug 2019
    Location
    northeastern PA.
    Posts
    265
    Post Thanks / Like

    Re: Labor Pricing

    shovelin,,,,EASY on the geezer. I got out of several job descriptions and trying to retire for the third time. I CAN'T STOP !!! I "thought" I was going to be well desired, BUT, there are more welding shops around than I could imagine ... for a small area too. I only want to make beer money and little left over for church offering. NOT working out too well. I am now tinkering with home projects, but will do small jobs for a beer.
    As far as what to charge per hour, you need to figure out the "common" expenses ... electric, rent (mortgage) consumables and return on your investment ... equipment and what your talent is worth.
    Good luck on your endeavor.
    shovelin, I got ya beat by 10 and with my crash, the doc said I lost 12, yet, I'm out here killin it. Enjoy life and stay safe.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Page generated in 1,656,518,075.47317 seconds with 14 queries