Episode 108

full
Published on:

14th Feb 2024

The Dark Side of Pricing and How You Can Avoid it

“Maybe I should lower my prices to get more work” 

“If prices were lower, vendors would accept more of my bids and I’d be making more money.” 

It’s a natural thought.  

The problem is you’d be slashing your profit margins.  

And asking to go broke. 

There are plenty of other things you can do to book out jobs which don’t involve cutting your pay. 

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST: 

  1. The Hidden Downside Everyone Misses when dropping their prices. 
  2. what to do when thinking about dropping your prices 
  3. Learn what profit margin to aim for when pricing 

LINKS MENTIONED IN THIS EPISODE:

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About the Podcast

The Profitable Tradie Podcast
How to build a profitable Plumbing, Electrical or similar business that gives you the time, money and freedom to enjoy life.
Are you the owner of a Plumbing, Electrical, or similar service business and looking to increase your profits and regain your freedom?


If you answered yes to any of the above then follow/subscribe now, this is the podcast for you!

Presented by Tony Fraser-Jones and Phil Smith from Profitable Tradie. We dive into what it takes to build a profitable trades business that gives you the time and freedom you deserve.

We touch on topics like...
- How to hire decent tradespeople.
- What to do when clients don't pay their invoice.
- How to get around people beating me down on what I charge.
- Should I buy or lease my next van/truck?
- How to get my team to get off their phones and be motivated for work.
- The second easiest way to increase your profitability.

Along with sharing a ton of free resources so you can get started on what we're discussing right away!

We also talk with some of the world's most successful trades business owners and learn how they took their businesses from mediocre to multimillion.

In short. We don't know what we don't know.

Subscribe/follow now and join the global community of Profitable Tradie

About your host

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Tony Fraser Jones