Made with Love

Just a question or two.

DonCorleo

Senior Member
Joined
Apr 9, 2011
Messages
1,007
My wife bought designer shoes that I forgot what she called them. My span attention to it is non existent to nil. I just nod, just dear. Her little toe was hurting her while walking because it had an open spot on the side ($900 shoes) something to do with the strap wasn't long enough. Long story short.

Goes to her usual shoe repairman and asks where is Mr. XY, he tells her he is semi retired. Yeah right, he sold the business and new owner wants to keep her business, just my assumption.

Not a problem. She says I hope you are as good as he is. Well, of course he is going to say yes. Shows her the new leather he can add to the shoes and she says fine. Here is the kicker...Before walking out she asks, Oh how much?. He says $14.00. She just nods and walks away. When I came home she says to me, if he would have said $40 or $80 I would have just accepted it.

Question is, how do most in the non professional field come up with those kind of numbers. Doctors, Dentists, Lawyers and all have a standard minimum fee. So do plumbers and welders ($75 min plus truck fees). Shouldn't there be one for the others?.


Just curious.
 
in general it is based on time and material

at 14 bucks I would say he might be looking at a 10 minute job.
 
in general it is based on time and material

at 14 bucks I would say he might be looking at a 10 minute job.

Yes but if you are at any type of trade. $20 per hour plus material should be the norm.
 
Yes but if you are at any type of trade. $20 per hour plus material should be the norm.

not at all

it is based on skill, number of competitors and overhead.

In his case he needs to keep the lights on too.
As well as keep customers feeling they got a fair price.
 
not at all

it is based on skill, number of competitors and overhead.

In his case he needs to keep the lights on too.
As well as keep customers feeling they got a fair price.

Good point, but add material even at $14 the profit margin is low. One has to pay rent, labor, hydro, gas, TMI, Employment deductions etc. Not sure how it works in your Country but we are heavily taxed here.
 
Good point, but add material even at $14 the profit margin is low. One has to pay rent, labor, hydro, gas, TMI, Employment deductions etc. Not sure how it works in your Country but we are heavily taxed here.

Same here and that is the advantage of a cash business.
Sure a majority of his customers will likely pay by card.
Not all of them.
 
I guess you all haven't heard of the Chinese per hour payment to this and other industries. They down ball them just so they can keep a job.
 
You get what the market will bear. Same as ladies in this business. They could give it away, or work for $20 an hour, but if they can get a lot more...why not? Hell, if people would pay me $1,000 an hour for what I do, you think I wouldn't charge more? :biggrin2:
 
You get what the market will bear. Same as ladies in this business. They could give it away, or work for $20 an hour, but if they can get a lot more...why not? Hell, if people would pay me $1,000 an hour for what I do, you think I wouldn't charge more? :biggrin2:
...but you wouldn't because you are a nice guy. lol:biggrin2:
 
Don, looks too me your wife doesn't count her pennies. Not a good sign unless you have money to burn.
 
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