Mark-up on gear

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seasickstevie

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Being a bit naive, I tend to workout invoices allowing to what the gear cost me plus my labour.

Recently been pointed out - by my European labourer - that (he thinks) I should add 30% mark-up on all materials.

Is this the norm, and explains why I've been on hard-times all these years?
 
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either add 10% to retail or 25-30% to trade, depending on what discount you get, (always choose the one that gets you more)
 
SNM said:
Being a bit naive, I tend to workout invoices allowing to what the gear cost me plus my labour.
Click to expand...

:LOL: :LOL:

You're a supplier of goods and services (man hours/labour).

You need to supply your goods for more than they cost you, just as you supply your labour for more than it costs you.
 
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It takes you time and effort to select and order materials and for some of it collection as well. It is only fair to be compensated for this. You can always give the client the option to supply materials, although point out that if they order the wrong stuff it is their problem. I suppose the best situation is if you can make money on the materials but still be cheaper than the customer can get them for. Win - Win
 
whitespirit is right!! but if your competitors aren't doing this, you'll be more expensive yes?? Don't be greedy, add 20% and be prepared to come down..


SNM said:
Being a bit naive, I tend to workout invoices allowing to what the gear cost me plus my labour.

Recently been pointed out - by my European labourer - that (he thinks) I should add 30% mark-up on all materials.

Is this the norm, and explains why I've been on hard-times all these years?
Click to expand...
 
your making your profit out of your european labourer why not use home grown your helping the recessian
 
I sympathise with what you're saying DD. The reality is, out of about perhaps a dozen or so assistants/labourers I've 'endured' over the last twenty years - some better than others, and nearly all English lads - my current European side kick leaves them all standing.

I'm not necessarily saying that this should always be the case, but I can only go from experience.

The only guy that was comparable was an Aussie.

Don't wish to make this into some sort of racist issue. I mean I'm a born 'n' bred local lad, and I'd be the best assistant anyone could hope for! (But then perhaps that's a generation thing) :)
 
Not racist, just practical business matters - get the best employees available to grow your business (which in affect grows your suppliers and your local community because you've got more to spend ;))

Read every management book there is in the world: they all say the same: employees with the right skills and right attitude can make your business.
 
To elaborate on this: we've had two apprentices, both local lads from Ashford. One is now running his own business, working hard and we help each other out (giving jobs to and fro, each has now its own specialism), the other quite after 3 weeks of apprenticeship (after first claiming he had been told he could earn up to a 2000 a week when he'd learned all there is to learn in our trade) because "he hard to work so hard" (quoting him verbatim).

Both came with the same skills, their attitude was completely different.
 
but not all kids are like that but its wrong to employ yhem in my mind as they are not loyal at all and will knick your work also i would not have one work in my house as i know that most compaies are not paying them the right wages and most of them are unskilled but will have a go at anything and i dont want to be in his learning curve thank you
 
thats a lot of sweeping statements. Try a full stop once in a while too!
 
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