Charging $75 per Hour As A Handyman #shorts

Charging $75 per Hour As A Handyman #shorts

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Mike Claudio is a seasoned sales and business development professional with 15+ years of sales and sales leadership experience. He has helped several construction companies grow from a leadership position and decided to turn that into a career as a sales consultant and coach for professionals in the construction industry via starting WinRate Consulting in early 2018. So far Mike has worked with over 25 companies and helped several grow by 7-figures in process.

Mike is driven by helping business owners and sales professionals reach their potential by teaching his best practices created through on the job training with sales and leadership roles in several types of industries and business types along the way. He is a published author, a professional speaker, multiple business owner, Father, and Husband.

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[chadjelliston]

I’ve owned and operated a handyman business for 7 years now and I started out charging hourly at $55 an hour and thought I’d be doing well. Yeah 7 years later I quote every job and average between $150-$250 per hour while on the job. You can not run a business especially as an owner operator charging hourly at under 100. I always give free quotes. You charge whatever you feel and they say yes or no. One day a week for quotes. 4 days a week for $1000-2000 per day.

[NathanHeaston]

I show this to my customers when they start complaining about the bill.

[AZGeek]

I’m $100/hr it’s easier then most people think, I replaced a $100k year job and do better and work half the time.

[TheDeal]

First off, most handymen have minimums. If they are driving to your house, minimum 2 hr charge whether it takes 10 minutes or 2 hours. So 4 customers a day max, maybe 2-3 on average as some jobs will be longer. Even if you get only 30 billable hours a week that is still $117k, then deduct gas expenses and other costs, should still be around $90-100k/year which is respectable for a handyman.

[Bbbbbbbbbbb-fw]

So I should instead spend 4 years getting a college degree, be stuck with a student loan, working everyday for $30 an hour, not having freedom, working for someone else? 🙃 But anyway, as an independent contractor I don't charge by the hour, I could. I make on average $800 per day.

[willbennett]

This is why most contractors charge close to 125 an hour. Which is actually a really good price for a good contractorz

[Hector]

Why would anyone just charge $75 an hour?! Nah it’s gonna be several other fees on top of that 75 an hour? You know what? Let me add in a $200 diagnose fee as well.

[mikedeck]

I knew a guy who was charging 80/hr per man hour. He didn't always have a helper but if he did, it went up to 160. That was back in the 90's. He actually charged by the hour he didn't estimate his time. He charged for the actual time. Yeah by today's standards you should be charging 120-200/hr depending on your market. If you can't get customers to pay you that then you better be real efficient.

[josephmills]

I don’t do anything for less than $95 whether that’s per job or per hour. Realistically if my averages don’t exceed $125 there’s an issue and real talk you shouldn’t go to someone’s house for less than $150

The jobs I do for $95/hour or per job they have a ton of stuff figured out for me. Parts already ordered and shipped to either me or the customer. No invoicing. No estimating. Just labor. My lowest paying partner at $95-$160/job is still my favorite because they do so good at having stuff figured out for me and they are just consistently giving me work.

Their jobs average me 15-35 minutes to complete, maybe 30 minutes drive time so 1 hour per job. Average pay for all the jobs annually is around $125. Love it. If I could fill my schedule with nothing but their jobs I would.

But you’re right. The more you have to do the more you have to charge. One company I work with I have to order parts for. If I install parts for that company I get paid $180 if I take pictures I get paid $110 if I do a second trip I get paid $250.

[themiddleclasstaxslave]

There is more to this than this breakdown.
If done correctly, so you work 60hrs a week, but still pull in the 150k? That’s almost $50 an hour. For the record, I wouldn’t charge per hr though, I’d charge by the job. Plus you can tax shelter your earnings through a Solo 401k and business write offs (yes tools are not dollar for dollar but you can theoretically trade taxes paid for tools) all the invoicing, you can sub that out to an app…. Write it off. A lot of solutions for what hurdles you are throwing out there. Plus, you are your own boss. Pros and cons to both, but making money as a handyman/home remodeled … very doable in this market. I can’t even people to pick up the phone. Trades people are calling the shots in this economy

[michaelwalker]

Good video. You made a lot of good points. Keep the videos coming boss.

[anthonylombardo]

that is why you charge by the job and not the hour

[bucktaylor]

If u charge $75 or more that’s a $600 day and $3, 000 week most regular people can’t afford that u will miss out on a lot of Jobs. There is such a thing called computation. Charge by the job!!

[MichaelJohnson-]

Lmao. I used to do 7 days a week sun up to sun down. I got better at taking time off, but you're going to make 6 figures as a Handyman/woman if you're young and die hard. This video is half truth and half worst case scenario.

[danbiss]

I do $100 for first hour, then $50/hr thereafter. I work 6 days a week, im off to work at 7 and back around 7pm. On average | make 3500/week. Its tough, however the expenses aren't as he puts it here. I spend about $150 in gas per week, $87/month insurance, around 3k in vehicle maintenance per year, $500 license fees. I also own a rental property, which offsets a lot of taxes at the end of the year

[ligyron]

Construction on any scale is very profitable provided you know what you are doing. I’ve been in construction my entire life and I’ve made more than any of the doctors/lawyers I’m friends with. It’s really not rocket science. Pick a trade/s and get good at them. General markup on material should be 20-30% above your cost to account for time/delivery/scheduling. Labor is dependent on the trade but general rule is 75-150hr. I typically offer “discounts” if I’m bundling a lot of work together for a client and I offer a cash discount as well if they are willing to pay in cash. When I started as a “handyman” on my own I was making 500-600 a day just hanging TVs, ceiling fans/lights/pictures and some minor plumbing. Now I basically do everything and I average 1500 a day. Some days are small jobs but then I’ll get a 15k job replacing windows and doors on an entire home for example. The key is just to get started and scale up as you go.

[The_Gallowglass]

He's not accounting for tax write offs for your vehicle, tools, phone, advertising and marketing expenses qualify for tax deductions, and even business insurance can possibly be written off. If you have a vehicle that is 6000lbs or more for your business you can depreciate it out in 1 year rather than the projected life of the vehicle, meaning you can write off some or all of the price you paid. Look up section 179.

That can be used for vehicles smaller than 6000lbs, but it can be depreciated over 2-3 years instead. That's if you need equipment RIGHT NOW and can't wait to reap the benefits of standard deduction/business miles.

Talk to an accountant folks and see if you can make it work for you.

[jbraborn]

I'm charging hourly PLUS materials, and I only plan to do that until I learn how to better price jobs. I still don't hame enough at the moment, but that's because pricing is the hard part😅

[joseph]

OK I'll start charging $150/hr. Why didn't I think of that

[goodcat]

This man is correct, listen to him. Play this video back at lest three times to understand the point of this monologue.