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What Most Techs Don’t Realize About Price, Profit, and Staying in Business

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Manage episode 485435931 series 3053630
Content provided by Todd Liles and Chris Elmore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Todd Liles and Chris Elmore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

“Why do we have to charge so much?” If you’ve ever asked that question—or had a customer ask it—this episode is for you.

In this candid breakdown, Chris Elmore and James “J-Dub” Walker unpack what it really costs to run a service call, why pricing isn’t based on greed, and how to explain value when customers don’t understand what they’re paying for.

This is the financial literacy episode every tech and salesperson should hear.

You’ll learn how to:

-Break down fixed costs vs. variable costs in simple terms -Explain why two water heaters are not the same job -Understand what it actually costs to acquire a customer -Protect profit without cutting corners or rushing the job -Use long-term value (like memberships) to stay profitable -Talk to customers—and owners—about price with confidence

Mentioned in this episode:

  • The 100 Pennies exercise for understanding margins

  • True cost breakdowns: marketing, overhead, labor, materials

  • Membership math: how repeat visits lower cost per call

  • Why price is based on need, not greed

  • The problem with "just knocking $500 off"

FOLLOW + REVIEW

Enjoyed this episode? Follow us and leave us a review. Then share it with a teammate who needs to hear it.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 485435931 series 3053630
Content provided by Todd Liles and Chris Elmore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Todd Liles and Chris Elmore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

“Why do we have to charge so much?” If you’ve ever asked that question—or had a customer ask it—this episode is for you.

In this candid breakdown, Chris Elmore and James “J-Dub” Walker unpack what it really costs to run a service call, why pricing isn’t based on greed, and how to explain value when customers don’t understand what they’re paying for.

This is the financial literacy episode every tech and salesperson should hear.

You’ll learn how to:

-Break down fixed costs vs. variable costs in simple terms -Explain why two water heaters are not the same job -Understand what it actually costs to acquire a customer -Protect profit without cutting corners or rushing the job -Use long-term value (like memberships) to stay profitable -Talk to customers—and owners—about price with confidence

Mentioned in this episode:

  • The 100 Pennies exercise for understanding margins

  • True cost breakdowns: marketing, overhead, labor, materials

  • Membership math: how repeat visits lower cost per call

  • Why price is based on need, not greed

  • The problem with "just knocking $500 off"

FOLLOW + REVIEW

Enjoyed this episode? Follow us and leave us a review. Then share it with a teammate who needs to hear it.

  continue reading

100 episodes

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