Determining the appropriate pricing for your pressure washing services involves considering several factors. As a business owner, you need to take into account various elements such as taxes, overhead expenses, the cost of pressure washer equipment (check out our reviews of the best pressure washers and best pressure washers under $1000), labor costs, and the pricing strategies employed by your competitors.
Additionally, you have to decide whether to charge based on the project scope, hourly rate, square footage, or a flat fee. This article covers all the essential information you need to know about establishing fair and competitive pricing for your pressure washing services.
How to price your pressure washing services
Establishing the right price for your pressure washing services requires a strategic approach as a contractor. You must set a price that allows you to cover your expenses and generate a profit. Your pricing formula should consider the amount needed to cover project costs as well as your business’s ongoing budgetary requirements.
You must be aware of the following before you can set your pressure washer rates:
Your hourly rate should be profitable.
- How many hourly jobs must be created?
- How much space can you clean in 1 hour?
Remember that just because you know your “hourly rate,” you don’t have to bill by the hour. It simply means that when you design any price strategy, you must earn that amount each hour.
Hourly Charging
The advantage of charging an hourly rate for power washing services is that you get compensated for the actual hours spent. If you have a team, you can also give a percentage of the hourly wage to them. However, some consumers may become frustrated if they believe the job is taking too long.
Professional power washers typically charge $25 to $100 per hour, with most works taking 30 to 120 minutes (2 hours). Your experience and ability to precisely estimate the time required for each job will be critical.
For instance, if you charge $50 per hour and a task takes 120 minutes, the cost is $100.
Project-based Charging
When using project-based invoicing, it is critical to present the client with a detailed quote that takes into account the project’s size and complexity. Clients frequently prefer this method since it streamlines their budgeting process. You can break down each step involved in estimating the power washing cost in your estimate.
It is critical to have a strong understanding of the time and effort required for each project in order to assure profitability with a project-based pricing model. Consider the preceding scenario of earning $50 per hour. You can apply a flat rate of $100 to the project if you charge a flat cost of $100 for a task that will take two hours to accomplish.
Summary
To summarize, the key to charge for pressure washing is to develop a price strategy that benefits both you and your consumers. It is critical to evaluate what your clients are willing to pay rather than just your targeted rates. Analyzing your competition and observing how they price their pressure cleaning services is a useful technique. You may decide the optimum cost for your services by discovering the price point that maximizes your earnings. When used effectively, this strategy helps you to enhance your income while also earning your clients’ confidence and contentment.
