Watch these 48 minutes to see how to set up your whole painting business
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- Опубликовано: 26 июн 2024
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Tap on the potential and run a successful business in the painting industry. Residential/House paint jobs have long been passed by the lack of competition and poor customer service.
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Incredible value here, thanks for all the knowledge!
Great info. Extremely smart and simple business structure at the start. Sounds like an extremely scale-able model. Very impressed.
Awesome video,Keep it up!
wow can't believe you uploaded this video for free!!! so many gems, thank you.
Awesome advice in this video. Watched it all the way through taking notes applying it to my business
43:38 you made my day!
I stardted painting yesterday, then i met somebody on the street that was looking for painter, he asked to me because i had paint on my hand. I had my first contract today and it was random. Thank you for sharing your knowledge!
You're welcome and congrats!
Thank you major stress reliever!!!!
So simple. Thanks for the video!
man i just finished this video, could watch it ten times over! love the advice thank you!
Glad you liked it! The paid training courses I offer are far better than any free content I put out. Be sure to check those out as well. www.paintingbusinesspro.com/course
Great video. Thank you.
what a great video Really make sense what you say. Best is that I can use the knowledge in my other type of business
Thank you soo soo much for this content. I am revisiting your video since we opened our painting co., 2 years ago. I am a system person, I love having systems in place, a plan and a vision so it can be carried out properly. I would love to know more about your classes. Are you still offering classes?
Thanks again for this very very solid and thorough information.
Thanks for the informative video Eric
I like how u brake down everything so I can understand 🙏🏾🙏🏾
You are absolutely right about passive marketing
Thank you for posting these videos!! As a small business owner its frustrating looking for help in these areas, and this video is very helpful.
Thanks for your message. And you're welcome!
Love your approach. Just starting up my own painting business. Fantastic.
Great! Let me know if I can help.
Thanks!
I'm now licensed , insured, bonded....... systems are crucial your right ....... its weird seeing my past comment prior to today actually here! And i still return to your channel lol always
Do you have our business training course yet?! Well worth the investment. Far more detailed than what's on RUclips :)
www.paintingbusinesspro.com/course
Oh my gosh thank you, my husband has a pain in business and he's made almost 100,000 last year but we don't know how to do any of this marketing your sales or production stuff so I'm going to follow you and learn from you and hopefully we can turn our business into something bigger and better thank you for this
Hey Candace - Glad you found this info! I would strongly recommend checking out the full training program we offer. It will go into WAY more depth and detail than anything I have on RUclips or on our website. You can learn more about the PBP Training Program here: paintingbusinesspro.com/pbp-training-program
Right on man. Very nice. Your sales tactic reminds me of working at center partners in fort Collins. Selling cell phones. I'm sure it works! You are a big help sir. Thanks.
I'm not sure if you're just a really good salesman or if your business model really makes sense but every time I watch these I get inspired. Now, I'm not a painter. I hate painting. But I'm considering adding it to my services and I'll just hire a team to do the jobs I get.
I'm currently about three days into my first week of actually seeking business and I have over $600 in sales booked just for small handyman jobs. I was inspired to do this after first seeing Dan Perry's website, then yours. A big thanks to you both.
Congrats man! Dan is a great guy. Glad to hear you are taking action. And I would say that I'm a good salesman AND this business model works amazingly well. Keep up the good work man and congrats on your first win!
Very helpful
Thank you for this helpful video, I have been working with my dad since a very young age, I am now 17 and I will graduate high school in a year, my dad works for a contractor and sometimes my dad gets jobs on the side that I help him with. Through out the years I’ve always thought of making my own company so hopefully in the future I will have my own company
Thniy I’m 17 also and in the exact same situation , crazy
GOOD STUFF!!!!
👍
you are on point 👌
Thanks man!
You just saved me countless hours and hundreds of dollars with this info. Thank you. 🙏
Great!!! Definitely check this out. It'll help a lot more than this video did! www.paintingbusinesspro.com/course
Don't you know where to start? You are already running a business, but you are not growing? Watch this full course and the important aspects to running a successful business!
Want to watch more? Subscribe and turn on notifications for future updates!
Need a full in-depth course to a Successful Painting Business? You can get started today at www.paintingbusinesspro.com
PaintingBusinessPro love these videos! keep it up Eric, im just getting set up myself now so these offer a great insight
Good to hear. I'll be making more videos soon. Cheers!
Great video hit on a lot of topics
I have been questioning and needing info thankyou for your time this helps i look forward to other videos.
Definitely go check out my channel page and subscribe. I'm releasing videos next week, released a bunch this week, and will continue making new videos this year. Always new and updated content on its way!
PaintingBusinessPro.thank you sure will check them out i am young 24 but have good comunication with cutomers,around 20 jobs completed this past year through thumbtack facebook etc. Just dont have a lot of capital for equipment amd labor for subs or employes so i do a lot on my own.just know im on the right path just happy for guidence and help from people that were in my shoes years ago.
Dude you gotta invest into the Painting Business Pro course. I didn't realize you were at that point in your business. You'll blow up with the program. www.paintingbusinesspro.com/course
PaintingBusinessPro checking it out thanks for the help wish i was closer would be love some one on one with bussiness goals for this spring and just trying to surround my self with people that are successful instead of people that dont have a bussiness and how to jump start this i have a flat bed im building and a few trailers some smaller tools ( smaller interor sprayers ladders and some basic supplies but would like to invest in larger paint sprayers pressure washers and a account with sherwin williams just not so good with my credit right now . Is it hard to get a account with them for paint, materials, and equipment so i could get them in advance and then pay after completion or is it always upfront.
No sweat. I only do 1on1 coaching if you are my business partner, so you're not missing out being far away. Now, don't buy any equipment before getting the program. You don't need to spend thousands of dollars on equipment. At all. We have built our company to over $5M without spending a penny on equipment.
The course comes with a 30 day money back guarantee. Get it, review it, it'll show you how to save tons of money. If you decide that you don't want to go with that approach, you can always refund the course and then buy equipment. But I think I can save you thousands of dollars and help you make a lot more profit a lot faster.
Seriously your systems are clear and explained very well, you've got alot of business expertise on the book side of painting. Im in the prosess of completely being on my own , licensed and legal the book part is my weakness but i appreciate your advice i take basic notes always thank you
Great man. Congrats and thank you!
I let that scare me from really going for it, theres so much online help and Apps check out my Facebook business page at Griffin Painting And Home Improvement LLC ill help you i have marketing and sales experience and im a master painter i like both hit me up if you have any problems ill help if i can
Peter Griffin that's awwwwsome man I just found out i passed the business law and trade test! Next is business plan and a$14,000 bond then I'll get a official c-33 license number..... thanks Peter I'll hyu soon brotha aloha👌👌👌🤙🤙🤙🤙
Overall your advice is great, but there’s a couple things I recommend changing: 1) asking the customer a call would you like to include that?” For scraping/sanding/priming is a VERY BAD IDEA, because... that makes them think that they should expect a perfect job even if they don’t do these things. And even if they don’t actually think that, they will try to finagle you or blackmail you to get it. Or if the job doesn’t last they’ll complain about you online. IMO many people- including customers- are not honest or fair. So you have to tell people what the job requires to be done professionally to standards, and you need to tell people that you don’t compromise on their standards, for their safety and also your own safety and reputation. It’s theoretically possible you might once in a blue moon get a customer complaining that you wouldn’t do a job that halfway/wrong way, but that’s much less bad then if a customer says you offered them the option to do something and then the job went terribly because they didn’t do that option. They’re going to say, “if it was so necessary then why did the contractor make me think that it was only an option”. And then customers reading that review are then maybe not going to call you. Because they’re not going to trust you as much. 2) Telling your subcontractors how much you sold the job for works if the subcontractor is a decent friend/acquaintance of yours, and is overall a decent guy that likes to play fair. This is good because it makes giving the job quicker, and all of that. However some sub contractors cannot be trusted to know the price, because they will either try to change their price on you last minute (even walking off a job to ask for more), or demand more. For example if you’re making 6000 on a job and giving the crew 4000, then many crews will think to themselves “OK I can charge that contractor 4500 last minute, and he will give me the job because he will still be making 1500 and he doesn’t want to piss off the client by having us leave the job site”. To combat this, you need to have sub contractor agreements signed in writing that give a stiff $2000 civil penalty PER OCCURRENCE if they do this, and also, don’t tell subcontractors your total sale price unless you can trust their ass completely!
I hear you and I disagree.
I don't go into full detail on the sales process, but when you tell customers "what you do" rather than educate them and give them options, it will have a negative impact on sales. I've seen this for 10 years when training sales people. We call them stock estimates when you tell people what you do. You do need to educate, but always give them the options.
And I think hiding your price with a sub looks shady. We are straight up and honest with our subs which is the foundation for a great relationship. If anyone steals a job, they never get a job again. This works well for us.
Hey Eric so glad to have found you ,my name is John Moutell ive been in EIFS and Stucco for 17 +years untill 2008 hit and ended my union Job. So I returned to painting which I had done 6 years I've never really been good at management stuff so I thought Union was the way
I'm literally about to drop my savings on starting a painting business. thank you for the advice and the push to start this thing. I'll see you at the top
I just talked to someone yesterday. He was painting for a contractor making under $600/week. In his first month, he paid off the course and all of his start up expenses. By the end of the 2nd month he is already making $3,000 per week in profit.
You gotta be willing to hustle your ass off and follow the proven systems. Don't reinvent the wheel! I'm excited for you. It's an amazing opportunity to begin building your life around YOU.
So, did you? @Davarian Redd
I’m thinking about doing this in the Las Vegas area.
Davarian Redd Investing in yourself is always a win. Even if at first you don’t succeed, you are getting your mind and body used to and better at growing personally and financially.
Excellent! 😊 😻 💗
Holly Van Hart yes
legendary
I was so wrong I've been watching your RUclips videos it's kind of
Hey Eric. I was just wondering Is your paid course relevant in other countries like New Zealand? What would work in other countries and what wouldn't??
Hey I’m thinking about doing a painting business in Italy when I move there...atm Italy isn’t doing well economically like money and uninployment but whatever gets me abit of cash and a decent life...just hope I will make my dream happen..
This is really nice to read the content of this video. A is a very extensive and vast knowledgeable platform that has been given by this video. Thanks for sharing this helpful video.This is really nice to read the content of this video. A is a very extensive and vast knowledgeable platform that has been given by this video. Thanks for sharing this helpful video.
what ben and paul need o do is get rid of the dead weigh,,ya you erik.
14:15 going to the paint store every day? Maybe if you're doing one new job every day. However, it's a good idea to keep the van stocked with anything that any job needs.
Definitely need advice on how to create my business other than just making flyers and business cards. What did I need to look professional enough to start getting good leads. I live in Denver I would definitely love to meet with you to answer some questions. I can paint like a master interior and exterior i want to learn everything I can In becoming A small business!
Your best bet is to get my course: www.paintingbusinesspro.com/course
Unfortunately I don't have anytime to meet up in person. You can also check out my site for a lot more helpful articles and even download a business launch checklist. Then make sure to sign up for emails from me... I send out a lot of info that is only included in emails.
Hi eric, these are good stuff.., in my case, unfortunately, it might be too advance as i just wanma start on my own from scratch..
Most people sucks in sale LOL!!! SOO TRUE!!
I work for HomeAdvisor and I see so many new companies start with us and make a lot of money right away. And this video is really inspiring me to be on the other end. I know I would sign up with HomeAdvisor right away, its so simple! Thank you for all this great info!
And HomeAdvisor is just one of many lead sources that can be tapped. The only remaining things to solve is sales and production. My course will provide exactly those systems so you can hit the ground running. Cheers!
Home advisor leads are terrible! The people have no idea they are selling there info and most of the time don’t answer or will say “ I was just browsing” but home advisor does not care that they are not good leads. Highly recommend staying away.
Home advisor is the worst. Save your money and never try them.
My friend who has worked in a painting company in school days as part timer now he is 25 and he is running a successful business in painting with just 10 to 15 employees good scale he only takes small appartments and houses to paint.. I'm from India
That's fantastic!
Good
I’m in NJ on the boarder of PA. Can we do business?
I don't like bashing videos, but all this is well and good for big time operators. I'm a small operator, it's just me and my significant other (she's my business manager) And honestly, I like it that way. I started it, I created it. I also don't have loads of money to pay workers. I'm doing this to secure a big nest egg when I retire. It's good information, but I think it all depends on your company structure.
I don't think you're bashing it. You're good man! If you're happy and achieving your goals, more power to you!
Do you have any sales in Houston,Tx. I know a few sub contractors with 25+ years of experience
No, I don't have any companies there.
hi Erick. do you give customers reference upon request?
Of course.
do you limit the number of samples costumers can get on your account?
Yea usually 4-6.
How much are you payin the subcontractors? Do you pay the sales reps personally? On a average single family home how many painted would u use
Crews are 2-4 people usually. We pay our subcontractors 50% of the price of the job. We pay our sales team as employees.
How to sell automotive paint?
I have a question for anyone on here . How much $ would i need to start the painting business? I already have the painting machine and rollers and brushes. And what about like painting insurance?
Sergio honestly it all depends on what type of work you get, Commercial or Residential.
Also you can ask for % to begin a project if it is over your budget to get materials. Many clients expect to pay at the end. But keep in mind that there is something called Change Orders if the client changes the design on you and you would need to create contracts and agreements. so you can charge by the gallon or by the square foot. Which ever suits you.
Always calculate LN. FT X Wall height and that...is the Sq. if area to paint. Deduct window areas and doors to get and exact area. Ceilings are L X W for area total. (1) coat primer (2) Coats of paint.
By gallon charge: example- 3000 Sq Ft. / 350= 8.5 gallons Primer and 17 Gal Paint, roughly looking at $20 ea. gal primer and $35 ea. gal Paint= $820 + 10% sundries= $911.00
8.5 + 17= 25.5 gal X $100.00= $ 2,550.00 total Charge. minus materials $1,639.00 profit.
if your going to have workers add $50 per guy to that per gal. price and you pay each painter $120 per day.
Eric, i just want to learn how to estimate. SHOW ME THE3 WAY
Download our estimating templates on the website :)
But I have not got any lead yet
Would it be a good idea to learn how to paint for a year before starting. Or can you just start implementing this with employees
Start implementing this with subcontractors. No need to learn to paint for a year. I'm an awful painter personally - I know the information, but I'm not good at the technique. That's what I teach in my course - how to build the BUSINESS without being the painter... www.paintingbusinesspro.com/course
How do I purchase your course?
Head over here: www.paintingbusinesspro.com/course
This is what happens when a college boy takes and easy,trade and makes it completely complicated,,for absolutely no reason.Take the call bid the job,paint the job finished.
What's your business worth? and how much do you actually work yourself? To me sounds like very different things. Hes building a business that pays him and works for him. You doing the same? Curious.
Do you have a video on how a 50-50 split needs to be shown for taxes purposes?
No because there is no need for that video. From a tax perspective, you do your books. You log your revenue and log your expenses. And then at the end of the year you have your financial statement which you give to your tax person and they do your taxes. Nothing needs to be logged.
You do need to have a contractor fill out a W9 form.
And ALL of these details - everything you need to know - that's what's covered in detail in my full training course. I'd highly recommend it. there is far more information in my course than in my RUclips videos.
www.paintingbusinesspro.com/course
What about custom work? Can i just add that onto this business model
Yes you could. Some small changes - like the detail there. More possibility for underbids and stuff like that, but also can have some nice new job sizes.
are all paint and materials included in what you pay your paint contractors?
Yes
I started painting at the age 7 and I'm 11 now
I have a Painting Co. My question is .... What do you look for in your employees.
Depends on the employee. Always the values and culture fit. Then it's always specific to the position I'm filling. Production managers should be good problem solvers. Sales people should be able to present themselves as highly competent and presentable. Painters should have attention to detail and hard work ethic. Etc...
Have you ever done apartment complexes, any advice?
Not really. We've done some work here and there on apartments, but not a full complex. My advice is to be careful. Big jobs can destroy you if you don't know what you're doing.
Ya. Dont do them lol
Actually sir I am thinking about start the paint company how monthly much earnings in this filed pls reply me
That completely depends on YOU, the business owner. You might make $0 or you can make a lot. There is no earnings expectations, just like any business.
When you go with a Sub-contractor, who pays for the paint. will you have to cut From the total check? Then split?
Subcontractor buys the paint out of their 50%. If you want to pay subcontractors 50% with them buying the paint, you need to price your jobs high enough so that 50% is a FAIR price that they are HAPPY with.
To build a great business, you need great painters/crews/subs. To have the best subs, you need to pay well.
This leads you to being one of the higher priced companies in the market.
Then that is why the sales process is so critical. We need to have a very strong sales process, so we can sell jobs at a high price, so we can deliver great work with great people.... While still maintaining a healthy profit margin.
hey man i really like your video help me start my bussines im 18 as well but im a painter
Awesome. Make it happen!
where about do you live bro? you should make it
Do I need a seller permit to start the business ?
Don't believe so. Never even heard of that! Depending on where you live you might need a painting license.
@@PaintingBusinessPro you don't need a contractors lic?
@@Anchor7 Depends on your location.
@@PaintingBusinessPro California
What is the best form of advertising
Any marketing / advertising that generates business at a profitable marketing cost is great. We have a lot of success with door to door marketing, lead services, and referrals.
If you are just getting started, lead services are great. Because no matter how new or old your company is, you can immediately start getting a consistent stream of leads. And it's pay for results. So you only pay when you actually get a lead.
Lots of other marketing costs money whether you get leads or not (like direct mail, for example). You could send 5000 pieces of mail for $3,000 and get 2 calls. Sucks. At least with lead services you are guaranteed leads when you pay money!
PaintingBusinessPro
Thanks
I remember a old business teacher said
If you fail to advertise,you advertise to fail. The internet like angies list etc is new to me, but I will check it out. I've been doing contract painting for 15 years, but to one customer now I'm looking at doing a real business
Good for you man! And I wouldn't recommend Angies List though. Start with these 3 lead services (they are the most reliable services we've used across the US):
www.PaintingLeads.com (I am a co-owner of this business, full disclosure!)
www.CraftJack.com (no affiliation)
www.Thumbtack.com (no affiliation)
Good luck!
PaintingBusinessPro
Thanks i'm in Canada, I'll see what we have here
Thanks for help, keep up the good work
Subcontractor shouldn't know what you charged for a job much less handle a check from a customer. That's a very bad business model and advice.
Age of Reason
To be fair, it's probably a family member
Question Is Homeadvisor a good lead buyer because I use Homeadvisor.
I'm so confused 😬. If I do this I'll be on my own. I won't have anyone to help me. That's how I want it. I want all the money. Job to job.
jeremy higdon im so confused to what i wanna do is get my license and go get like business cards and give them out around town , from there go and check out the house im going to paint and from there higher a friend or 2 to help me out
Sergio Valencia sounds great !!
This video is cool this guy knows what hes talking about , if you want to see how to set up a Facebook business page check out Griffin Painting And Home Improvement LLC im a born salesman my family has been in real estate my whole life but i always loved to paint anyway i started my first painting business at 24 and did well but now at 47 and all the online tools its so easy to generate leads if you set your page up right along with word of mouth and subcontracting jobs and you do professional quality work its easy to make 100 grand or way more depending on how you run things
Ive gotten 6 jobs through facebook using the business page this week plus 2 word of mouth jobs
Would love to know more about what you're doing on Facebook. Shoot me an email eric@paintingbusinesspro.com and I'll see how I can help you in return.
PaintingBusinessPro hi if you want e-mail me Pgriff2821@gmail.com or check out my Facebook business page at Griffin Painting And Home Improvement LLC i started this page last week and im getting a good response 10,000 views , also i would advise guys going out on their own to paint if they want to get return customers i get call now from people i painted for 12 years ago i always get return customers im at a 2 million dollar house on cape cod its my third job there and they always add on a nice tip , ive always been about excellent customer service and you wont get that with a subcontractor not like if you are on the jobsite, mabe once you build up some business then you could step back
Are you actually running any Facebook ads?
PaintingBusinessPro for a im paying for advertisement on Facebook in a few days ive gotten over 10 thousand responses and interactions and 6 jobs so far i know alot of people but the ones liking sharing and commenting are strangers
Oh hell nah 50% for sub and provide insurance that’s so unfair minimum should 65-80% they provide labor, equipment, personal transportation, and again insurance
People think about this all wrong. Would you rather have 50% of $4,000 or 80% of $2,000? (The answer is 50% of $4,000). You cannot run a business if you are paying out 65-80% to labor and materials. 20-35% is not enough for marketing, sales, accounting, insurance, workers comp, office costs, production managers, warranty, profit, etc... You need costs to be at 50%. But you also have to pay well or you end up with shitty contractors doing a shitty job.
@@PaintingBusinessPro you get what you pay for
"so if you're painting, i encourage you to just stop doing it.. and find more valuable things to do with your time"
this is a great business tips... not a great painting for passion video, tho.. lol
Haha. Well if you're painting for passion, enjoy yourself! But if you are painting for passion AND want to make more money, follow my estimating and sales strategies to sell higher prices.
Myself and you need to start speaking, I am an executive looking to get out of the executive Grind, and have amassed a wealth of approximately I have a million dollars by age 35. I am highly motivated and driven and would like to speak to you 1 on 1 if that is possible. Obviously a first stop would to be to get your system however I have been in construction and renovations my entire life through my employer. I'm a building maintenance and facilities Multiple plant manager. I have the means come of the drive, the money, and I even put a Facebook up explaining your exact system almost to AT before I ever watched to this period I also have a pipeline of contractors in which I trust. It is the marketing and sales and in which I need help with. I have been watching all your videos and they are like heroin, I keep wanting more. Please advise me the next steps that you would be willing to take either before or after I buy your system. Thank you. Philip J Lester
By the way the reason I am looking to get out is simply because I am tired of the purple world calling one at work and I believe that the free market is the greatest litmus past for success of what you add to societie. By the end of my career adjusted for today's dollars I might be able to make $200000 a year in which is 30 years down-the-line, there is a huge advantage to being up the make $200000 a year within 3 years versus Ben simply due to the time value of money. By the way, I came across your website because I am looking to start a painting website due to the extremely low barrier to entry from a capital perspective and being about to train depot in order to sales and market the business. To alignment is a little bit different than mine, I had About 6 to 7% more overhead with a 7% marketing budget however I am thinking that on your one million dollar corporation you're probably making 30% bottom line profits considering the things that you mentioned. Eventually I would like to and have the means and intelligence to grow this into a multi million dollar business. I am located right outside Chicago with a 13 million person cliant basis however the market is competitive here with people in white bands as you said. Anything you can do to help would be appreciated I would be more than willing to be your protege follow Wine for mind, step-by-step, tip to tail your system exactly
I get it man. I'd keep watching videos. Check out the course/program/training or whatever you want to call it. That'll be far more detailed and provide a lot more direction too. You can also email me at eric@paintingbusinesspro.com - Sounds like this will be a good transition for you. With your skill set and professionalism, this industry is a cake walk. It still takes time and effort, and you'll still fail a lot.... you just have a WAY bigger upside.
PaintingBusinessPro
Eric, with somebody like myself who manages the maintenance of 250 million dollar building That is a 114 years old, deals with multiple contractors on a daily basis, Go shades contracts already does estimating has been doing estimates For 10 years, As rental property, and other contacts in the business, do you think that I should invest in the basic system for 600 or the advanced system for a 1000? You do not seem to be the person and I'm with upsell somebody for no reason if it is not needed a, so description of my background. The other important part of this is that I am point attempt to started wall I am working my current job until I build-up to near my current salary, and hire people to do the work that I cannot because I am not available during the days. Do you Walk away and throw everything in that you can.
professionalism is not an issue, I run conference calls on a weekly basis, Wanted to Give you a back ground of both my maintenance man engineering experiences, and are just looking for guidance. I have been in maintenance and building eng. for 16 years. wanted to give you a piece of my background
By the way of already started the process and Already have 2 contractors which permitted would like to be part of the process along with one is going back partner and I anticipate a yes.
You are correct by saying with my background this industry would be very easy . I have already done estimating for houses for painting and come within approximately 10%.
Lastly common something that might help your students is an excel spreadsheet 9 out to estimate houses, which I can bill with tabels and advanced Formulas consideration the size of a job and if its industrial, residential home, or commercial.
Regards, Philip j
You could also email me philipjlester@gmail.com or jonsmom@ gmail.com
Shady
I like everything you talked about on how to put your business together but once you said you pay subcontractors 50 % ? How do you do to pay so little to a pro painter? I find that hard to believe. A good painter will never work for 50% unless he has a drug problem. Quality of work for a working relationship with a sub is at least 70% or your sale. You are just sellin and not doing anything you can’t keep 50. I feel bad when I go to the paint store and see those certa pro guys. Working their asses of to end op making 20-25 an hour. That’s like taking advantage of the rookies . My work speaks for itself and subs pay what I ask them for. That’s how you get a crew were you really just get the job sit and relax and wait for pay. Paying 50% you will most likely have alcoholics and drug addicts doing the work for you and you will have to constantly baby sit them.
There's no way we could paint 30 houses a week with drug addicts and alcoholics and still have a business. We have a good reputation that we need to protect.
We also couldn't have 80+ painters working for us if we weren't paying good money.
The percentage is 50% because the other 50% is all of our costs. We aren't just putting that in our pocket. We have office staff, warranties, insurance, sales team, marketing expenses, clothing, project managers, color consultants, etc...
Tehre is a lot we do that costs money. And then we need to make a profit.
This 50/50 split is VERY standard. Some companies pay even less than 50%.
But again... The percentage doesn't matter!
Because I can bid a job for $3,000 or $4,000.
50% of $3,000 would be $1,500
50% of $4,000 would be $2,000
So 50% might be "ripping people off" or it might be "paying really well"... It all depends on the price I'm charging the customer.
And if I charge more to a customer, I can hire better painters and deliver a better experience.
And if I pay more than 50%, I can't afford all of my other costs.
This is basic economics - it's how it works. It can't work any other way.
PaintingBusinessPro aside from not agreeing with the 50/50 , I do like all your videos, very good info on them. There are many ways to do business, I would not work for 50 . Some others maybe would but here in Minnesota , that is just very hard to make it work. Paying insurances, equipment etc etc, in my 20 years painting I know that at least for me, is not worth my time.
Congratulations on your success.!
@@gulyman77 Thanks Carlos. But I do want to clarify, because you're still missing the point. And so are a lot of people. You WILL work for 50%... I would work for less than 50% if the price is right.
And you wouldn't work for 80% if the price is wrong... You, me and everybody else work for MONEY not PERCENTAGES. It depends on how much money you're paying me. I could care less what percentage that ends up being.
Also, you might not be the ideal 50/50 subcontractor too. Usually subcontrators we work with like to ONLY sub. They don't market themselves or sell their own jobs.
Bro your down
Eat your god damn cereal 🥣
Guys run from this guy he is clueless.customers generally already have the color picked out before you even bid the job.
Lol not really. Stop being a closed minded person wake up
What a joke, so we’re supposed to pay you thousands of dollars to learn how to find Hispanics to do work for us … And type up a few things on Excel? I’m good