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Dave Turley

  • Posts: 896
Your thoughts on round value please
« on: December 29, 2012, 09:40:50 pm »
Hi everyone.

I'm just sorting out some work to sell, having already sold two lots earlier this year.

I would be interested in the opinions of experienced window cleaners on the difference in value of 4, 8 and 12 weekly work.

My work is VERY well priced. As a rule, I load my price for 8 weekly work by +25% and load my price for 12 weekly work by +50%.

eg. the average 3 bed detatched would be £20/4 weekly, £25/8 weekly or £30/12 weekly.

The last two lots of work I sold went at 3x for 4 weekly, 2.5x for 8 weekly and 2x for 12 weekly.

My questions are as follows?

Am i underselling the 8 and 12 weekly work at 2.5x and 2x?

Would you think that the 8 and 12 weekly work is worth 3x per clean due to the excellent prices?

On a 12 weekly clean, if the buyer spends £90 on a £30 clean, he won't see any profit until his 4th clean, 48 weeks later!

On the other hand, he's only had to clean the property 3 times until the next clean is in profit, which is the same deal as a 4 weekly clean, and the price per clean is fantastic!

Hopefully you can see my quandry.

This is not a pitch to try to sell this work. At the moment I have 2 buyers lined up, both wanting some each. One is a returning buyer.

Your thoughts please?

Thanks

Dave


Dave Mills

  • Posts: 277
Re: Your thoughts on round value please
« Reply #1 on: December 29, 2012, 10:01:53 pm »
Do you need the quick burst of cash?  If not, why not rent out the round?  Dont know how to find it but there was a long thread on this recently. It was a thread about some "overpriced" work and Dave St Ives and Perfect Widnows did the maths.  It made 3x 4-weekly price look VERY cheap, so you might do better to rent.

Sorry I cant find it but someone might be able to for you.

bobplum

  • Posts: 5602
Re: Your thoughts on round value please
« Reply #2 on: December 30, 2012, 10:42:27 am »
i thought 6/7 times the value was nearer the norm

sham33

Re: Your thoughts on round value please
« Reply #3 on: December 30, 2012, 11:16:51 am »
Wow i really am under pricing myself £20 for a 3 bed detached! I've been pondering about putting mine up from £10 to £12 lol

James chapman

  • Posts: 147
Re: Your thoughts on round value please
« Reply #4 on: December 30, 2012, 11:20:41 am »
I got to put my prices up, £20 for a 3 bed in Wolverhampton!!! Surely that is stretching it a bit.

Halfadaylee

  • Posts: 625
Re: Your thoughts on round value please
« Reply #5 on: December 30, 2012, 11:57:12 am »
I got to put my prices up, £20 for a 3 bed in Wolverhampton!!! Surely that is stretching it a bit.

Some nice houses in Wolverhampton, it not all like Heath Town.
Art

Halfadaylee

  • Posts: 625
Re: Your thoughts on round value please
« Reply #6 on: December 30, 2012, 12:08:33 pm »
Hi everyone.

I'm just sorting out some work to sell, having already sold two lots earlier this year.

I would be interested in the opinions of experienced window cleaners on the difference in value of 4, 8 and 12 weekly work.

My work is VERY well priced. As a rule, I load my price for 8 weekly work by +25% and load my price for 12 weekly work by +50%.

eg. the average 3 bed detatched would be £20/4 weekly, £25/8 weekly or £30/12 weekly.

The last two lots of work I sold went at 3x for 4 weekly, 2.5x for 8 weekly and 2x for 12 weekly.

My questions are as follows?

Am i underselling the 8 and 12 weekly work at 2.5x and 2x?

Would you think that the 8 and 12 weekly work is worth 3x per clean due to the excellent prices?

On a 12 weekly clean, if the buyer spends £90 on a £30 clean, he won't see any profit until his 4th clean, 48 weeks later!

On the other hand, he's only had to clean the property 3 times until the next clean is in profit, which is the same deal as a 4 weekly clean, and the price per clean is fantastic!

Hopefully you can see my quandry.

This is not a pitch to try to sell this work. At the moment I have 2 buyers lined up, both wanting some each. One is a returning buyer.

Your thoughts please?

Thanks

Dave



I would look for 8 times the monthly on 4 weekly well priced work with history.
You can by crap off canvassing companies for 2 or even 3 times the monthly, not knowing if they will be any good.
The 8 weekly needs a bit more thought because 8 weekly work can be more stable but its only going to achieve what someone will pay.
I would start as high as you dare and stop worrying about how long it takes them to make a profit.
You can always come down for the right person.
Art

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #7 on: December 30, 2012, 12:31:34 pm »
Do you need the quick burst of cash?  If not, why not rent out the round?  Dont know how to find it but there was a long thread on this recently. It was a thread about some "overpriced" work and Dave St Ives and Perfect Widnows did the maths.  It made 3x 4-weekly price look VERY cheap, so you might do better to rent.

Sorry I cant find it but someone might be able to for you.


Hi Dave

I don't NEED the quick burst of cash but it would be nice!

I'll have a look for that thread, but my gut feeling feeling doesn't fancy renting out work.

Maybe I'll feel differently after reading it!

Thanks

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #8 on: December 30, 2012, 12:34:00 pm »
i thought 6/7 times the value was nearer the norm

Hi Bob

I haven't been keeping up to date with cleanitup so maybe things have changed in the last few years and the value has risen due to the economic climate?

I'll bear this in mind.

Thanks, Dave

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #9 on: December 30, 2012, 12:48:44 pm »
Wow i really am under pricing myself £20 for a 3 bed detached! I've been pondering about putting mine up from £10 to £12 lol


Hi Sham

Since the economy screwed up I have only increased a couple of prices.

I have, instead, continued to advertise, quote higher than my existing work, time how long a job takes and refined my round by selling work based on:

1. Pence per minute earned.
2. Easiness of job.
3. Geographical location.
4. Speed of payment.
5. How much I like the customer.

I believe this has increased my turnover more than regular price increases would have, without risking losing work due to increases during recession.

Years ago when my average job price was, say £10 per house I would happily increase them and not care much if I lost some. Nowadays, with an average job price of around £30 per house I don't really want to risk giving them an excuse to cancel.

Good luck if you decide to go for your increase.

Thanks, Dave

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #10 on: December 30, 2012, 12:52:50 pm »
I got to put my prices up, £20 for a 3 bed in Wolverhampton!!! Surely that is stretching it a bit.


Hi James

It is stretching it a bit but I'm still taking work on at those prices.

It would be say, £15 for a three bed semi in a four weekly basis, but I'm not really interested in taking these on to be honest.

I prefer to work in areas where you don't get semi's nowadays.  ;D

Cheers, Dave

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #11 on: December 30, 2012, 12:58:28 pm »

[/quote]

I would look for 8 times the monthly on 4 weekly well priced work with history.
You can by crap off canvassing companies for 2 or even 3 times the monthly, not knowing if they will be any good.
The 8 weekly needs a bit more thought because 8 weekly work can be more stable but its only going to achieve what someone will pay.
I would start as high as you dare and stop worrying about how long it takes them to make a profit.
You can always come down for the right person.
Art
[/quote]


Hi Lee, it's really interesting that you're the second person to say this.

I might have to totally rethink my strategy on this.

Thanks, Dave

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #12 on: December 30, 2012, 01:05:18 pm »
Well, I looked through my work this morning and I struggled to come up with any work that I would like to sell.  ???

I can't manage it all by myself so maybe I should be thinking about employing.

I've been putting it off for years cos i don't really want the hassle but will have a rethink.

When you've skimmed all the cream off, it's difficult to sort out from the creamy cream from the regular cream lol.

It has taken 8 years to get to this point, sorry if it sounds like I'm blowing my own trumpet.

If you keep taking little steps forward, after a while it adds up to big strides!

Thanks, Dave

Re: Your thoughts on round value please
« Reply #13 on: December 30, 2012, 01:15:16 pm »
Why don`t you take offers and take it from there as to what the best offer will be. Like selling a house. Say no offer under X 4 will be considered.

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #14 on: December 30, 2012, 02:52:13 pm »
Why don`t you take offers and take it from there as to what the best offer will be. Like selling a house. Say no offer under X 4 will be considered.



Hi Smithie

I like the idea, I can't see how people would know what they're bidding on though.

I'm wondering if I might be best trying to manage the workload for a while, maybe even lowering the standard of work just a little bit (from excellent to very good lol) to speed me along a bit.

Decisions, decisions....

Cheers, Dave

TomCrowther

  • Posts: 1965
Re: Your thoughts on round value please
« Reply #15 on: December 31, 2012, 10:33:57 am »
If you have an average price of £30 per job then you should not even consider selling. It's a fantastic amount of cash for a very simple job and you should count yourslef in a very fortunate position  :)

g.brookes

  • Posts: 950
Re: Your thoughts on round value please
« Reply #16 on: December 31, 2012, 02:14:28 pm »
£20 for a 3 bed semi every 4 weeks?  so you are earning £50 - £60 an hour?  thats a minimum of £350 a day.  thats insane! you can work two days a week at that rate and earn the average household income?! how the hell do customers accept £20 for £20 minutes work?

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #17 on: December 31, 2012, 02:25:24 pm »
If you have an average price of £30 per job then you should not even consider selling. It's a fantastic amount of cash for a very simple job and you should count yourslef in a very fortunate position  :)

Hi Tom

I am in a very fortunate position and it has taken a long time to get here.

But at the moment there is only one of me and I'm not sure that I want to employ.

If I keep taking work on and don't sell any it means that my 4 weeklies become 6-7 weeklies, my 8 weeklies become 12-14 weeklies and my 12 weeklies tend to get done every other time so remain largely unaffected.

This means that the houses are proper dirty every time and take longer to clean, thus defeating the object as I make less money.

Cheers, Dave

Dave Turley

  • Posts: 896
Re: Your thoughts on round value please
« Reply #18 on: December 31, 2012, 02:39:09 pm »
£20 for a 3 bed semi every 4 weeks?  so you are earning £50 - £60 an hour?  thats a minimum of £350 a day.  thats insane! you can work two days a week at that rate and earn the average household income?! how the hell do customers accept £20 for £20 minutes work?



Hi G.Brookes

I did say £20 for a three bed detached (which would take 20-25 mins) and £15 for a 3 bed semi (which would take 15-20 mins).

I found that my confidence in pricing and therefore my earnings increased when I stopped worrying about what the customers thought about how long I was there.

Generally the customer is more interested in if you do a good job rather than how long you are there in my opinion.

As my round has developed over the years I do do a fair bit of driving in between jobs, that and our crappy weather keeps me from earning the figures you have quoted.

Cheers, Dave

Dave Mills

  • Posts: 277
Re: Your thoughts on round value please
« Reply #19 on: January 01, 2013, 03:45:59 pm »
I like your thoughts on not worrying about what the customer thinks about how long you are there.

The rent thread I couldnt find was http://www.cleanitup.co.uk/smf/index.php?topic=161465.0;all