The Jered Williams Show cover image

The Jered Williams Show

#84-100 Plumbing Business Questions Answered

Feb 9, 2024
Plumbing business experts Jered and Joel share valuable insights and practical advice on managing finances, marketing strategies, and navigating customers and technician challenges. Topics discussed include handling demanding customers, negotiating prices, understanding salary as a business expense, fair pricing, starting a residential service company, the relationship between location and pricing, effective business management, becoming a plumber first, the importance of charging for a second technician, hiring and payroll preparation, taking responsibility and personal growth, humility and flat rate pricing, and the importance of specializing and flat rate calculation.
01:51:59

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Set a fair price for plumbing services based on expenses, customer experience, and profit margins.
  • Consider factors like pipe size and location when determining flat rate prices for specific plumbing tasks.

Deep dives

Understanding the fair price of plumbing services

It is important for a plumbing business owner to determine a fair price for their services. A fair price should cover expenses, provide a good customer experience, provide employees with a good living, and still make a profit. This means understanding the value your business brings to the marketplace and setting prices accordingly. It's important to avoid the mindset that being expensive is equivalent to ripping off customers. Instead, focus on providing value and delivering a high-quality service that justifies the price. Additionally, if you're just starting out and looking to gain experience, consider working for a reputable plumbing company that can teach you the ins and outs of the business. This will provide valuable insights and knowledge to help you when you eventually start your own company.

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