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I Made $7,000 Profit on a $70,000 Landscaping Job....
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- Опубліковано 4 тра 2022
- Finally i share some numbers with you.....I know thats what you have been waiting for....
when you don't have office staff or office profit can be quite high....however when you start growing and adding employees margins start to get lower and lower....at the end of the day after everything is paid for 10% is pretty good....we go over this alot in detail in Goat Gang. Link is below...also upgrade your software so you can bid properly....link is below
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Topics:
How to profit from a landscaping job, how to start a lawn care business, how much money can you make in landscaping, starting a landscaping business, increasing profit in landscaping business, how to close deals, how to do bids, how much profit can you make in landscaping, how to find employees, how to find qualified customers, running a successful landscaping business, gaining profit in landscaping business, how to start a business as a landscaper, how to get paid as a contractor, losing profit on a landscaping job
I appreciate the honesty on profit margin. Overhead is huge in this industry, a lot of folks have no idea. This might be your best video yet. Keep up the good work
We’ve spent about 50k on our yard in the last few months. Early on I was like wtf these guys are ripping me off but then I watched a few of your videos where, like this one, you explain the business side of things and the different perspective was helpful. Thanks for the videos you make and congrats on all your success you and your folks do great work.
Thanks for sharing and I totally believe you on the cost. My friend spent $250K for landscaping in his backyard and it already had a pool. It also took months to design, and complete, it's not a weekend time lapse like many of these videos appear and so, people need to appreciate that this all takes time, expertise, and money.
This channel is outstanding. Very very good content. I’m just a lawn guy btw if you’re on T’s field go easy on me. This is way better than my lottery dream home. Probably infinitely better content than those shows.
I love that your washed the entire street. Some might have just broomed it. But it’s not the same. The residents around you are all potential customers. Great customer service. Good job T
One thing I realized was when I did the math, having heavy machinery often saved me money, as in the labor costs outweighed the machinery expenses, even when I rented. Plus it raises morale. It's a no brainer.
So much better than digging by hand etc. 🤙
Yes it’s a great thing to buy equipment and it a great investment don’t get me wrong, but when you rent it’s also a write off anyway for the business.
Investing into people. That is an awesome approach and mission statement. The buy-in to your business goal. You're not just here for the customers but for the people that are working for you. Super important and often overlooked.
Crypto is bringing a different revolution to the world economy. Optimistic investors are consistently earning while others simply sit and watch in doubt.
@pedro I agree with you but when it comes to trading, I don't trade myself, I invest with a professional assigned by a cryptocurrency company that trades for people and returns profit on weekly basis for me. You can invest your capital and get weekly returns on investment (ROI) without any extra fees attached.
@pedro The professional is Ms Angela Jones🔥
@@howeross336 Really you know her too😳... I even thought I'm the only one she had helped walk through the fears and fall of forex trading
Ever since a friend refered me to her last month, I started investing with 5,400€ and now I've made 15,340€. I think she deserves credit.
Thank you for honesty. Bunch of guys throw at big numbers but NET PROFIT is everything. Great stuff man
Sup tigran. My name is Eduardo. I live near Concord Ca. Im a lawn specialist an work from sac to salinas. I do areation, detaching, seeding, fertilizer, weed control, applications for fungis an other things like grubs an greening up your lawn. Keeping lt like brand new sod an maintaining it so it last forever, years on end without having to replace a lawn, i used to work in mechanics motors an cylinder head for any type of brand you can think of at my uncles machine shop. Picked that up really good. 2018 I left because i got offered a better paying job. My boss now is american an i love my job i started off at 15 an hr now im at 30 boss kind of sucks an gets drunk an leaves us hanging without anything he dont care about us. iv been trying to do side jobs. Iv been somewhat lucky in life but Anways iv been doing lawns for over 3 years i want to grow as a person not nessessarily independently i want to blow up. but my boss doesnt. We just make him money an we have no type of security he pays me cash, iv been alone trying to make it sins i was 17. Its been me myslef an I sins then. Im 22 about to be 23 in january. originaly from wisconson. I moved to cali for a better future. I am mexican. But lived my whole life here in the US. I just want to be succesfull like you or any succesfull business owner because thats what i want is to do open a business as well. helping others an being productive meeting great people with the same goals! Hopefully one day! I got my head up always!
Profit margins are even lower for heavy construction project. Sometimes companies bid at a loss just to get their name out there. Just so they can say we built this and that etc.
That’s true
They don't bid projects for a loss
@@jimsmith1946 some brake even or even at a loss because once they complete the project successfully they know they will recover their losses on the next one. Jobs will become easier to get with the past projects under their belt. It’s hard for new companies to get in when there are established companies out there getting selected for the projects.
I’d be curious to see all the numbers on this job. Because it doesn’t seem like $60,000 in expenses for demo / removal / grass / drainage / irrigation / concrete. I’m pretty sure a smaller company with much lower overhead could get it done for around $40,000. But if clients are okay paying for your overhead more power to you.
Clients pay overhead regardless
@@chrisreynolds2410 of course. Plenty of people use insurance companies that don’t do any advertising or marketing… so they don’t pay as much “overhead”
You went from…
“ But if clients are okay paying for your overhead more power to you. “
To
“So they don’t pay as much”
Which is it ?
That's what I say..no more than 15k in southern California
Great jon bro, now that you got this shit is time to learn where the flaws are and find efficient ways to improve get that profit margin to 12 to 15 % Killing it
As soon as he said the blocks were home depot garbage, I was like finally someone gets it. Homeowners always ask if I can install this cheap crap as a retaining wall. No bueno!
Those are actually Basilite garden stones. They were the very first cantilever wall stones ever made. Then Allan Blocks came out 2nd.
They can be stacked fairly high. Typically though, anything above '3ft requires a permit.
The can indeed can hold a load. Any stone block can hold a load. But this specific one with the rib in the lower rear that hooks on the lower unit can hold a significant load.
Appreciate your desire to help grow others.
I feel bad for the homeowner he wasted way too much to make his home front yard and backyard look like a home without life. I could have easy made an amazing job and made his landscape look like those in Pinterest for 17k. And would have still made profit minimum 5k. The problem is there are so many things that shouldn’t have never being removed. But if he wanted like that design great job man.
Then do it…lol
It's obvious u don't know about Northern California rates. Good luck in your business venture
Noob
Great video with the visuals and commentary to go with. Keep these vids coming!
Great stuff mate. Watched till the end. Have always enjoyed your content and tutoring.
this is sick i been working landscape for the last 2-4 years been learning like crazy honestly just tryna improve my yard when i get one
love the work
Fire burns, water is wet, and you become like the people you hang around.
The fencing could have used a power washing. Would have made a better photo op.
Good job tigran glad the black concrete didnt get the best of you and you learned the job turned out nice 👍🏽
If you have good people around you is because you are good in what you doing and great attitude
The FED raised interest rates yesterday. Debt both old and new will cut into margins deeply for the next 2 years, but brutally in the next 6 months as they are intended to do.
The FED needs to cut inflation and they do that by making it really expensive for business to barrow to grow.
The FED needs to cut growth until the labor pool (unemployment goes up - wages stabilize) gets better to meet demand.
Don't borrow unless you have to. That Debt can sink you with rising interest rates.
Rates will still be low. The goal of U.S policy makers and the fed is to inflate away the national debt. Rates can't go very high or things start to break and deflation takes over which is worse than hyperinflation.
@@liampett1313 The goal is to slow down demand until the labor pool catches up (2 years worth of graduates). As long as business can keep borrowing money cheaply for expansion, we will continue to drive up labor costs, which in turn raises the retail costs of services and items, which in turn raises inflation, among other factors.
We've been down this road before, many times in our history. Now is the time to consolidate your business.
Those with heavy debt and variable interest loans are going to get spanked. Because inflation is taking 7% of your margin and rising, and debt takes a big percentage as well.
You don't want to be the guy that's only a millionaire on paper and owes on everything they own. Because you won't have enough cushion to maneuver if something else happens. And your debt is also taking a chunk out of your margin.
I've been there.
Your right, the prime rate will be low figuratively from the treasury to a bank. But the rates from the bank,loan brokers etc will be high, really high. And if you have a variable rate debt, your monthly payments are going to go up.
My brother had a variable loan on his house during the last financial debacle. His monthly mortgage payment practically doubled from $2,500 a month to $5,500 a month. Instantly unsustainable.
Don't forget, once the policies start to work EVERYTHING will be contracting at the same time.
Here in Silicon Valley our clients who work for the high tech companies just got their stock options which is part of their income cut in half due to market fall out. Also, as money costs more to barrow, it's more expensive to get the 2nd mortgage or equity lines of credit which typically pay for the big jobs.
This is like my 10th economic disaster I've lived through.
Our local economy has slumped 30%. If your business has high debt, high labor costs ect... it's extremely difficult to navigate these waters because you don't have high enough margins to create incentives to hire your business. You become the highest bidder on all your quotes. That's not where you want to be.
@@liampett1313 You can't inflate away the national debt which is currently over $30 trillion. Inflation will make it cost more to pay off the debt, exasterbating the problem. And that's not what their trying to do.
There's a global labor shortage. Their going to slow down demand, drive up unemployment until the labor pool catches up.
Understand the market your in.
@@liampett1313 What you said at the bottom. That's exactly what their doing. Intentionally crushing the economy.
It's a fine thread, to slow demand enough to raise the unemployment rate without causing a recession.
Thank you for posting a new video ! I really enjoy watching ur videos sir !!!
I just became a GC T, but mostly I’m into concrete work and my experience is always been on concrete m, (slab,flat work, basement, foundations etc) if u need any hand we here to help…. Great video
Bro ive made 7k a day for the last 2 weeks pressure washing im cutting back on my install. My over head is nothing but 500 a day on the 7k, im thinking i might be done with landscape
This was 1 of 3 crews. Numbers are great
@Rhys Hutchinson because he can lol
Love how you show the process
The video so fast give me headache and got dizzy too. I will keep the $70.000 and did not put new fence. I will just call some one cheaper did not need big money. change the fence or paint the old one.
I love to watch all of these videos. I am always learning something new from Tigran about running a business. Hope to open up my roofing business soon.
Your an inspiration boss ! You inspire me to keep going with UA-cam
I see a bunch of haters on here, but I see you doing your thing T. You keep getting better and better, I respect the hustle. Lemme know if you want to open up a San Diego branch some day, I'll get shit poppin off down here for Applewood.
You inspire me sooo much, that ur the reason why I started my UA-cam channel!!!
Nobody cares about your or your channel move on
I was expecting something more elegant for the 70k lol
10 percent is very fair you are a honest a contractor you give customer 63000 with of work
A lot of gc are too greedy they want to make fast money not long term money great job very fair price 😊😊
Appreciate your Videos T!!!
That home goes for 1.9 to 2.3 million bucks according to Zillow. Interior looks nicely remodeled. Job came out good. Let’s see what it sells for.
Voice over for the Win T!!
Nice job T!
Outside California you have pool and a hot tub in extra for that price.
talking in percentages , if it was say a multi multi million dollar project. 10% would be great... however , when scaling down . 30-50% profit margins sound mulch more adequate to facilitate sustainability. In my case, I shoot for a 30% profit margin which fluctuates. it's tough to calculate though . & even more so challenging when no one really talks about this kind of stuff enmass . watching the how Mr. beast became Mr. beast video on Joe Rogan. made me really wake up to the understanding of analysis & education from peers or other entrepreneurs. without discussing these kinds of details. you wouldn't know... how could you? we should have like a collective landscaping community. with pricing standards , to eliminate low baller pricing & everyone on the same high price scales. lol
That’s why I created goat gang
He’ll yeah. Great advice.
Would you hire 46 yo as your employee with no experience but willing to learn to landscape? No problem in the neighborhood and have a clean background.
HEYY TTTT!! Good stuff appreciate ur videos and advice all the time , I started my own business here in Tampa Florida , landscape work , quick question, what can I do to always stay busy with work when I’m not getting quotes to go see , u use any advertising??? Thank u
Hey man got 3 years working in landscaping and would like to be part of your team.
Have you done a video on your yard or shop area?
Nice vid
Wow 😦 so much knowledge thanks man I had a question what camera do u use to film this
timelapse is filmed on a go pro 8
Ok thanks 🙏 can’t wait for next video keeps me going 🦾🦆
Love your videos and your hustle. What advice would you give to transition into landscaping from mowing lawns? There’s so many different directions you can go. I want to do hard scaping and designing peoples landscaping. Painting that picture in there head your house is going to look like this. I am solo owner and operator. What advice would you give?
Def start asking customers if they want a small patio. Or a driveway
@@TigranGertz I love your channel and your UA-cam I wish I could do what you do, but I am a one man show as a now. I come back after a long day of work and I am intrigued with what your company and crew does. I would love to meet you one day. I need to start hiring. I hustle my ass off working out of the back of my Trunk of my Mercury Montego 45 customers a week push mowing lawns. The next year a F-150 and a 8.5 x 16 enclosed trailer 3 stand on mowers. Crazy what hard work can do. I had a customer recent ask me about laying pavers. I spoke to a guy at the MGIA landscaping event about helping me do pavers. He said he would help out he is a distributor of pavers. Any advice as far as tools, equipement, hiring. I really do appreciate you taking the time to talk to me and respond to my comment. Thank you.
How has landscaping been working for you? I’m getting started and have a few jobs I quoted. Id love to hear your experience my man.
Can you help me out grow my yard work business I need a riding mower Im only using a push mower 🥺🙂🤝if you need me to do something to earn it I’ll do it 👍
Ive been landscaping since 2012 I can't believe this is considered good in any way. The first bad year your going to file for bankruptcy you ripped off the customer and yourself
that shit aint profit its just money for future bills
if you say so
Up to a 20% increase in value with a professional landscaped yard
You’re beating the industry average by a percent or two, well done.
Give the guys sometime to get better with the concrete boards .
Miss these vids T
Young people don’t listen to this guy. There are other resources out there. You want to find a master at your craft and learn from them. This guy is still hoping to get paid $50k for damaged work his company did. That says a lot. If he was actually killing it with his contracting work he wouldn’t be spending time making UA-cam videos/sales pitches
Thats an insane amount of hardscape production for $70,000. And are you talking about net or gross profit? Sorry but you are probably billing $35 per hour per guy by the looks of it. If I had to guess, you should have charged 90 k + for that job. At 7 k profit you are better off having a lawn mowing crew of 5 guys and make more profit. On another point 10% on a million dollar company is horribly low gross profit. Assuming you are talking about some kind of trades or construction company with labour and materials, average is much higher than 10%.
If you hang around five confident people, you will be the sixth. If you hang around five millionaires, you will be the sixth. If you hang around five broke people, you will be the sixth. Avelo Roy, Aug 16, 2015
Hey T. Do you have several cameras or is it just one and you position it on different parts?
I have a god given screeding gift, but I’m Quebec... willing to make you millions. Holler bud
If you have room for my brother and I it would be chingon to work for you and learn from the best
The reason I say my brother and I is because we would be commuting from Ceres
I look forward to hear from you
I whish you the best and say hola to your pinches chingonasos employees that you have
70k seems a lot. How much does a house like that sell for?
You should look at getting a mud buggy or tracked material hauler. They are a great investment👍🏽
50% rule bro, 50%! If you quote based of that 50% margin in mind, you won’t fail..if you think that’s too much to charge, think again. People will pay for it, and those that won’t well, id rather not service them then!
If the landscaping job is 70k how much is the house
Great depending on how much your paying yourself
Yo T, where you get those wheelbarrows @?
Bullshit 10% is for a 500million dollar landscape company +. There is a lot your doing wrong buddy fix it increase profits 5 million a small business . 25%-40% is healthy and doable specially in hardscape installations. If your doing maintenance yup 10% but its volume
Hey I want to work for your company,I’m a foreman for landscape construction,I’m also a certified equipment operator,I’ve also done sewer and water line
Yo bru. What landscaping software do you use?
Where are you located at. I like learning and working. I work 7 day's a week for 5 year's but sometimes I think I don't make enough money. Only 16.50 an hour
He is in San Jose, Ca … NorCal.
Best of luck …
But what happened ?
It still takes as long as it always has to do the job.
Why only 10% margin ?
Did you lower your rates that you charge the client ?
This year has seen a significant change in clients spending in the Bay Area, a lot more competitive now. I've had to lower my rates 12% to stay competitive with the hundreds of people advertising without a contractors license.
Did you lower your rates too ?
My rates went up. This is after all salaries including mine
Still should be 25%.
@@siliconvalleylife2.048 did you know the industry average is 3%
@@TigranGertz no, it's never been 3% profit Margin. It's always been 25% as the target Margin.
1st you total materials, add projected labor costs, then add 25%. In some cases like lighting you add 50% or travertine you add 45%. Depends on valuations in the region. Certainly don't want to under bid.
Prices for everything can be Googled now.
25% margin is a universal margin for every industry. Restaurants use a 30-35% margin. Evergreen uses the standard 25% margin.
It's never been 3%.
I think though we are still talking about the same thing. Because you include your salary in the job costs and I don't. The margin is my income.
Your a kl teacher if I can't work with you im starting my own business
Hey T, im know almost everything tht there’s to know about irrigation. Can we talk?
Mannn I’m walking around with no ditch witch
gotta get one!
I passed by that house today
Profit is beyond all business expenses, basically?
Come to Colorado will subcontract for you
Tigran is still a pothead 😂
I'm also a pot-collector 😀
Where are you located? I do this exact type of work in Florida and I’m the crew lead making $18. I see some of your laborers making $23 and I’m feeling some type of way. Lol
California
A 2 bedroom apartment here is $2,500 in the ghetto.
Dude San Jose is one of the most expensive places in the country.. you're making alot more than his guys all things considered.
Cost X 3. 7 seems low
Any opportunities out here in Dallas tx?
🐐
How many people do u have locked in your basement?
I hope we get to do a collaboration together one day !! 👍🏼
Good, best than 50% on a $500.00-5,000,00 projects 😁🥃
You now man sometimes it sucks that you only made that much out of a big money job but at the end of the day it’s 7,000 you didn’t have and now you can feed your family and bills as long as you make profit and not lose profit your good
Great
That’s like like 3 days of work lol so yeah it’s worth it! Only if it’s net profit! Clean! Lol
I want an opportunity.
My dream is to sell a 69 420 job
10 percent nice.
i know more than 3 stone masons. where are you located? i’m in Illinois
San Jose ca
@@TigranGertz dang it
We’re you located I’ll join you
i can help you T. im very motivated.
what do you want to help with
Technically 10% margin isn't where you want to go. 25% minimum or higher is where you want to be.
But 10% is better than turning it down and making nothing. And even better when you have 4 crews and the job takes less than a week. That's $10k for one week.
Not bad at all...considering the labor wage spike we all are going through and the 30% cut in discretionary spending in the market due to higher gas prices and inflation in general.
I just don't see how that job is $70k ???
70k because the guy who owns the house is mega rich and he is just not worried about finding someone who is cheaper but might not do a decent job. So rich people tend to over pay just to have peace of mind. (Paying for a guarantee basically) they are past the part of their life when they would spend 20x more time to save 20%
@@johnnyfive-bc except that isn't true. We do business with wealthy folks all the time, in the same city as Applewood. Their not spoiled or frivolous about money.
And with all do respect, and I've said it before, with every landscape video Tigren shows how much he doesn't know about landscaping.
A landscape contractor who doesn't have a clue about plants, lol.
@@johnnyfive-bc $70k would be double the current rates.
@@siliconvalleylife2.048 How much would this job cost your company to get done?
@@johnnyfive-bc I don't know the exact sq.ft. but counting fence panels and by just looking at it it's a small to medium sized job.
For my company it's a $35k-$40k job.
But to be fair, I have a really small company with zero business debt biting into my profit margins.
Hello Tigran I’m very very interested in your Forman Professional Position. I’ve been a Carpenter, Flooring Stone Tile Contractor. Thank you very much
Where do you live
@@TigranGertz when you moving to Texas like the rest of the californians.
@@TigranGertz when you moving to Texas like the rest of the californians.
better than losing uncle t
❤
You found a sucker dude. I don’t know where you live but I would never pay you $70,000 for that