How to Price Drywall Repair
How you price your services can have a huge impact on the level of success you achieve in your drywall repair business. If you set your prices too low, you may not make any profit. On the other hand, if you price your services too high, you may not be able to acquire or keep any customers. Learn how to price your services the right way so that you can have a profitable business.
- Study other drywall repair businesses in the area where you want to provide your services. Many times, businesses advertising drywall repair will list their prices. If not, contact the advertisers to find out how much they charge. You don't have to let them know you aren't a potential customer. Set your prices so that they are comparable or slightly higher than their prices.
- Visit the property to examine the area that needs to be worked on and how much damage it has sustained. Call the customer and schedule an appointment to see what needs to be done. Don't take the customer's word for it over the telephone, as your idea of a damaged surface and his may differ. Take your writing materials so you can make notes. Evaluate the area that you're going to repair and make sure you write down your observations and thoughts about the job. Keep in mind that first impression matters a lot in business transactions, so be courteous and respectful. This alone can make the prospective customer want to hire you instead of someone else.
- Determine how long the repair work will take you. By estimating the amount of time it will take you to complete the job, you will be able to calculate the costs involved in getting the job done. And you will be able to give the customer a fair price.
- Determine the cost of drywall products and supplies. Find out what products and supplies you need to get the job done and calculate the costs involved. These include products you need to purchase, use of your equipment and tools and other necessary supplies.
- Provide your customer with the price. Add up your total hourly charge, the cost of drywall repair products and your total overhead costs. Present the total price to the customer.