Hey guys, I run a small paint shop in the Chicago suburbs pretty much just for fun. I work full time for a medical company so I do paint work by appointment only because I just don't have the time to take on a steady stream of "walk-in" type customers. 100% of my customers are friends/family friends and people that they refer to me. I do ZERO advertising or anything like that. My point is -- I don't do high volume out of my shop.
Anyway, people (mainly my family) tell me that my prices are too low. In my neck of the woods, quality body work (in my mind) is way over priced. For example, my friend broke the mirror on his car so he bought a new one... and the dealership wanted $180 just to paint it! I told him to cover the cost of materials and add $20 for my time. I think that is fair. That same friend backed into his mothers car so I did a tiny bit of body work to both cars and painted a rear bumper, a quarter panel, some misc trim pieces, and wet sanded and buffed it; all for $275 (including materials). I mean, I gave him a good deal because he is my friend and I wanted to help him out especially since he is a poor college student. But is that far too little to charge for something like that?
I have also seen someone pay $400 just to have a front fender painted! Is that really a reasonable price? I guess I don't really know that market anymore because I've been painting my own stuff for so long.
I try to average it out so that I make about $25/hr on any given paint job. Keep in mind that really only do light collision type stuff with the occasional custom paint job and I really just do this for fun. It's not a primary stream of income for me. Should I raise my prices?
Thanks,
Chris
Anyway, people (mainly my family) tell me that my prices are too low. In my neck of the woods, quality body work (in my mind) is way over priced. For example, my friend broke the mirror on his car so he bought a new one... and the dealership wanted $180 just to paint it! I told him to cover the cost of materials and add $20 for my time. I think that is fair. That same friend backed into his mothers car so I did a tiny bit of body work to both cars and painted a rear bumper, a quarter panel, some misc trim pieces, and wet sanded and buffed it; all for $275 (including materials). I mean, I gave him a good deal because he is my friend and I wanted to help him out especially since he is a poor college student. But is that far too little to charge for something like that?
I have also seen someone pay $400 just to have a front fender painted! Is that really a reasonable price? I guess I don't really know that market anymore because I've been painting my own stuff for so long.
I try to average it out so that I make about $25/hr on any given paint job. Keep in mind that really only do light collision type stuff with the occasional custom paint job and I really just do this for fun. It's not a primary stream of income for me. Should I raise my prices?
Thanks,
Chris