Mark-up (was Steinway parts)

[David Love]

If it's never a pad then you're simply earning your labor.  You don't have
to choose.  Price your labor accordingly and price the parts coat least
cover the additional costs that Dean outlines.  It's called win/win.  If you
are "padding" your labor to some would find that as objectionable (or more
so) than adding a reasonable mark-up on parts.

 

David Love
davidlovepianos at comcast.net
www.davidlovepianos.com 

-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of David Andersen
Sent: Wednesday, February 13, 2008 6:47 AM
To: Pianotech List
Subject: Re: Mark-up (was Steinway parts)

 

 

On Feb 13, 2008, at 5:39 AM, Dean May wrote:





Failing to set a markup only means you are losing money (or failing to value
yourself), unless you pad your standard labor rates. It's simple economics.

 

I charge for every single minute we work on the pianos and more; I put in a
big "pad," which is NEVER a pad, for the inevitable extra work and Murphy's
Law stuff that happens....every time. And it works out to much more than
adding a 40% markup to parts.

 

David Andersen

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