1.) When getting prepared to do painting estimates you first need to
know your target market or markets. Are you going to be painting in
middle-class neighborhoods or are you going for the high-end glitzy
neighborhoods?
Are you going after commercial accounts, industrial, etc.? Only then
can you best gauge how high you are going to set your painting
estimate rates. High-end, low-end or a middle-priced.
Personally, when it comes to painting for residential customers, I
keep my rates the same. I don't care if it's high-end or middle
class. If they cannot afford my painting services, I am out of
there. Once you have painted at a higher price, it's hard to go low
unless of course, you are hard up.
If you are estimating painting jobs for big business you can aim
extremely high without much competition as you would in residential
painting. Plus larger commercial customers have deep pockets. Also,
if you are tackling those types of accounts you will need extra
painters anyways so you should be able to aim high in your bidding
to cover their wages and benefits.
2.) You need an accurate estimating method that works perfectly
every time without fail. Whether inside or outside. You can stand
and stare at a project all day and try to guesstimate exactly how
long it will take you to paint something or you can use an accurate
method for bidding paint jobs and walk away smiling and not
wondering if you just bit the bullet.
3.) You need to allow for fuel, travel time and even Uncle Sam's
cut. If your going to be driving long miles you definitely want to
account for fuel and travel time, even overnight expenses if you get
that radical in your business. Again, if you have employees you will
need to account for their wages and benefits in your bids also.
4.) You need to be aware of hidden expenses or projects that add
extra time and extra materials to a job. Things like hard to cover
colors, excessive prep time, high-work, down time due to outside
sources that are common in new construction, etc.
5.) You need to know how much paint and materials you will be using.
(Note: A good estimating system can automatically include all your
paints and materials.)
6.) Your estimating system should be based on three basic ways of
estimating. Just like a set of golf clubs, some times you need a
different driver to make it on to the next green. Different jobs
require different painting estimating techniques.
For example: painting ceilings, walls and woodwork estimating can
change if you have excessive woodwork like walk-in closets with tons
of shelving. Or rooms with high walls.
The same goes for exterior work in residential painting. Are the
surfaces smooth and clean or is there stucco or shingles that
require extra time and materials? When you have an easy system in
place you can build up an estimate to meet the type of project you
are facing.
Lee Cusano has owned and operated his own successful
painting business since
1991. He has also helped many others to start their own painting
business with his Bid Like a Pro Estimating and Advertising CD-ROM.
Lee also offers a free report titled "How To Gain a High Success
Rate For Getting Painting Jobs". To get it go to
http://www.bidlikeapro.com