Another Pricing question

**quamen** · 02-10-2008, 02:58 PM

Originally Posted by brwill2005

Dean and Frank both operate high quality detail business in NJ. NJ is like anywhere else; some areas are well off and others are not. I have never understood the logic behind asking others what `your` prices should be. The prices you set should be determined by your own unique business situation. Things to factor include your costs, the prices of your competition, and the type/quality of the service you offer. Pricing your services too high means that you will have less demand for them. Pricing your services too low will limit your profits and may even prevent you from getting the `high end` business. Setting prices at the `high side of the middle`, is usually smart. This allows for sufficient demand for your services and also allows you to make a profit.

Very well said.

**baseballlover1** · 02-10-2008, 03:12 PM

Agreed!

..........

**imported_mirrorfinishman** · 02-11-2008, 01:24 PM

Originally Posted by baseballlover1

yepp! I have a feeling NJ isnt the best place for a high quality detailer to be. My grandmother lives in Wachung NJ near plainfeild.

Daniel, if you really intend to become an entrepreneur someday, you will need to stay up to date with current information. For starters, here is a link to some valuable reading material that was released about a month ago.

New Jersey Has Highest Percentage of Millionaire Residents | Reuters

**smokin180** · 02-11-2008, 04:33 PM

Baseballover what JoshVette said listen MOM-DAD or f--- up. like I did more than once. consiqunces just blow at times.

**boogiejoe** · 02-11-2008, 04:48 PM

I always thought Jersey was super expensive. Not only that, you are close to NY and the New England area. All of these areas are super expensive.

It sounds to me that someone is only interested in making a large amount of money. This is a common tone with previsous threads asking - Where can I make the most money/get the best cars? It seems that no other factors are considered, even the cost of living in these areas. What do you think, just because you can detail a Porsche for someone in Orange County, that you can afford to live there?

I would recommend taking smaller bites, rather than thinking you can just dive in the deep end. It takes time. Pricing is a relative subject. It can vary from town to town, even within locations 50 miles apart. There`s more to detailing as a career than just polishing a car and collecting the money.

**Todd@RUPES** · 02-11-2008, 05:50 PM

Way underpriced. I have helped several pro`s on this site to charge much higher prices, and all have reported the same experience. It`s always good

Our prices are very simple...

One step, starts at 350

Perfection, starts at 600

Interior 50-200

Engine 50-100

Undercarriage 150-300

**baseballlover1** · 02-11-2008, 05:54 PM

touchÃƒ©! You got me there! I always considered NJ not a good place because my dad lived there from when he was 0-18 then went to temple university then worked for Porsche... he passed up a job that payed twice as much as his other one did and didnt take it because he would have to live in NJ... dad always made NJ out to be a nasty place. My grandma still has a house there and i go up to see her a lot. People talk about her neighborhood as really nice and granted there are a few (really!) nice cars in it, the houses arent THAT nice. I dont know... dad always made it out to seem pretty bad.

Maybe someday ile add to the percentage of millionaires somewhere

... probably not though. I think that the only reason i may think that detailing proffesionally is only detailing cars and collecting money is because everything else seems pretty easy (ive been brought up around it). The business end of it i mean, the marketing and everything else because my father has owned his own business. This may not be what you are talking about however we are going to find out if i have what it takes to run my own businesses (yes plural). I think this week i am approaching the owner of a property to buy it from them to build a detailing shop and also car storage behind. (knock on wood)

**azenthusiast** · 02-11-2008, 06:08 PM

Originally Posted by baseballlover1

touchÃƒ©! You got me there! I always considered NJ not a good place because my dad lived there from when he was 0-18 then went to temple university then worked for Porsche... he passed up a job that payed twice as much as his other one did and didnt take it because he would have to live in NJ... dad always made NJ out to be a nasty place. My grandma still has a house there and i go up to see her a lot. People talk about her neighborhood as really nice and granted there are a few (really!) nice cars in it, the houses arent THAT nice. I dont know... dad always made it out to seem pretty bad.

Maybe someday ile add to the percentage of millionaires somewhere

... probably not though. I think that the only reason i may think that detailing proffesionally is only detailing cars and collecting money is because everything else seems pretty easy (ive been brought up around it). The business end of it i mean, the marketing and everything else because my father has owned his own business. This may not be what you are talking about however we are going to find out if i have what it takes to run my own businesses (yes plural). I think this week i am approaching the owner of a property to buy it from them to build a detailing shop and also car storage behind. (knock on wood)

Wait, if you don`t mind my asking, how are you coming up with the capital for a detailing shop and car storage in Jersey?! It sounds to me like you are already part of the percentage of millionaires LOL. Anyways, as long as your in some podunk town somewhere, just do some research and find out what type of clientele (sp?) you have. For example, I have been detailing my neighbor`s cars for years. I only charge like $50 for a car for them, but my first ones were FAR from perfect and I have been learning a lot from the work I do. At first, they also had a mobile pro that would come and do their cars, so I was able to see what was done differently, what I missed, what it should look like, etc. Also, take it from a college student, appreciate the input your parents give you. They support you far more than you realize.

**baseballlover1** · 02-11-2008, 06:16 PM

Originally Posted by azenthusiast

Wait, if you don`t mind my asking, how are you coming up with the capital for a detailing shop and car storage in Jersey?! It sounds to me like you are already part of the percentage of millionaires LOL. Anyways, as long as your in some podunk town somewhere, just do some research and find out what type of clientele (sp?) you have. For example, I have been detailing my neighbor`s cars for years. I only charge like $50 for a car for them, but my first ones were FAR from perfect and I have been learning a lot from the work I do. At first, they also had a mobile pro that would come and do their cars, so I was able to see what was done differently, what I missed, what it should look like, etc. Also, take it from a college student, appreciate the input your parents give you. They support you far more than you realize.

I live in Roanoke VA. My father used to live in NJ... sorry if i was unclear. O yes! I know my dad supports me!!!! I am lucky to have a father and mother that do support me as much as they do.

The money i would take out 240,000. I would borrow 40 from my grandmother or uncle and then come up with 8 on my own (sell one of my cars) and then pay them back with the extra 40 on the 200,000. I would buy the land for 80,000 and with the rest i would get both businesses started.

50 spaces being rented out at 80 dollars a space thats 4,000 a month. with a 1,000 dolar morgage and then 750 for insurance and then 500 for utilities i would come out on top with 1750 profit every month. This money would be reinvested for the fist few months maybe even years... I have big plans for this business!

**Twista616** · 02-11-2008, 06:59 PM

Originally Posted by baseballlover1

I live in Roanoke VA. My father used to live in NJ... sorry if i was unclear. O yes! I know my dad supports me!!!! I am lucky to have a father and mother that do support me as much as they do.

The money i would take out 240,000. I would borrow 40 from my grandmother or uncle and then come up with 8 on my own (sell one of my cars) and then pay them back with the extra 40 on the 200,000. I would buy the land for 80,000 and with the rest i would get both businesses started.

50 spaces being rented out at 80 dollars a space thats 4,000 a month. with a 1,000 dolar morgage and then 750 for insurance and then 500 for utilities i would come out on top with 1750 profit every month. This money would be reinvested for the fist few months maybe even years... I have big plans for this business!

That is a great start, and great ideas, but not to bring age into the picture, im assuming your parents are co-signing for all of this?? Just remember, always have a back up plan "in case" things dont go as planned...but then again, you live and you learn and you have a alot more living and learning left that most of us...then again, im not all that old either!:2thumbs:

**baseballlover1** · 02-11-2008, 08:01 PM

Parents or grandmother to sign for me. other then that im not exactly sure how my plan could stray off path. Other then just not taking off in which case i play up the kid side of it and get free advertising (newspaper ad about my age and achievements and tv interview both of which can be achieved easily because of my fathers connections).

**boogiejoe** · 02-11-2008, 08:47 PM

If you want a loan, you better learn how to spell dollar...

You`re also under 18, you might want to see what that means.

**baseballlover1** · 02-11-2008, 08:53 PM

man... that was def nice! under the prerequisites for getting a load i doubt it says must be able to spell loan.

and why dont u tell me what it means? u seem smart... it means i have a maximum amt of hours i can work... that is voided if im working for my parents... hence the law side of it will say jeff wendell all over it.

**brwill2005** · 02-11-2008, 09:04 PM

Daniel- What he is saying is this; What if the bank were to ask you for a business plan. Business plans are usually required by banks for a commercial loan. If your business plan is full of mis-spellings and poor grammar, I guarantee you will not get the loan. In fact they will probably laugh at you.

**baseballlover1** · 02-11-2008, 09:20 PM

No doubt! Do you think for a SECOND i wouldn`t put it through a spell check? I know that i am sometimes careless in my spelling (not denying that). But when it comes down to it, if me writing on the forum was the formal application for a loan i would be proof reading this a couple times before even printing it once to be looked over by my father.

And im working on the business plan as we speak.