The Site Shed
Upfront Pricing Isn't Magic, It's Science and Consistency
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The Site Shed
Upfront Pricing Isn't Magic, It's Science and Consistency
Oct 09, 2019 Episode 216
Matt Jones - Trade based business enthusiast

Part One – Upfront Pricing Isn't Magic, It's Science and Consistency

Series: Getting Paid On Time and On-Site

Guest: Marcel Donnelly from Flat Rate NOW

 

Tradespeople should receive payment for their hard work on time and on-site, just like every other job. Sometimes, work is contractual, and money is distributed over a specified period. However, essentially, you should be getting paid once your work is done. It’s that simple.

 

In this series, Marcel dives into the fundamentals of getting paid. For our first episode, it’s all about upfront pricing—it’s science and consistency. How should you set up your company, so you never have to worry about chasing bills? With upfront pricing, you can reduce huge overheads in expenses and chasing debts and, at the same time, cut all your personal, business, and financial stress.

 

If you are interested in pricing and getting paid for your time and work, you may also like these episodes:

  • TSS087 – Getting paid for bids, quotes, and proposals – [LINK]
  • TSS095 – Does your business suit flat-rate pricing? – [LINK]
  • TSS172 – Stop Working For Free, Time Is Money – [LINK]

 

About this podcast, ‘Upfront Pricing Isn't Magic, It's Science and Consistency’

Podcast Highlights:

  • 01:58 – The issue of pricing for tradespeople
  • 06:04 – No cash flow: receiving payments at the end of the job is not ideal
  • 07:35 – Getting paid for quotations, proposals, and estimates
  • 10:20 – Importance of letting people understand the actual costs and building a price that encompasses all expenses
  • 13:13 – Finding the technology and having the right conversations with the right people
  • 17:20 – Reducing labour and overtime
  • 18:25 – Money and stress; Leveraging your resources for pricing
  • 22:13 – Addressing resistance from clients
  • 29:17 – Upfront pricing model: building processes and standards, giving your customers a choice
  • 36:53 – More on the science and consistency of upfront pricing

 

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