Steve / moneywizkid Under 
Tags: 
I’ve already shown you how someone can make over $100,000 in the lawn care business by using the example of Emil Motycka who started his own lawn care business at the age of 9. Most teens have experience mowing the lawn at home so starting up this kind of business should be a piece of cake for a teen who isn’t afraid of breaking a sweat. But the one thing that a lot of you might have trouble with is setting the right price for each job that you take on. Well, being the investigative reporter that I am (*clears throat*), I searched around the internet to see what other people are charging and came up some averages that you can use to set your own prices.
First, there are a couple of ways to set prices. You can either set hourly rates or you can set rates by the job. Let’s look at the average hourly rate first. On the lower end, I found that in places like Orlando, and Chicago, the rate is between $15-$25 per hour. But on the higher end, the rate is between $25-$40 per hour in places like San Francisco and Cincinnati. This should give you an idea of what you might want to charge in your own area. But before making a final decision, do a little research a little more research by talking to people near where you live and even talking your prices over with your parents.
The second way of setting your prices in your lawn mowing business is by the job. However, this isn’t really recommended until you have a lot of experience at accurately sizing up a lawn and setting the price. The last thing you want to do is to underestimate a job and end up getting paid a lot less than the job is worth; nor do you want to overestimate the price because if you do that, you’ll end up losing customers to the next guy who is charging a lot less. With enough experience completing hourly jobs, you should be able to look at a lawn and tell how long it’s going to take you to finish it. So, for example, if you think the lawn is going to take you about an hour to mow, then you might charge $35. Eventually, when you get really fast, you might be able to cut down the amount of time it takes you, thereby you’ll be able to make more money in less time.
One research tool that I highly recommend is a site like www.craigslist.org to see what other people are charging in your area. I’ve said this before about starting other kinds of business: start out by charging a little less than what other people are charging in your area; this way you have an advantage over your competition. Once you have several customers, then you can level out your prices a bit to what other people are charging.
Good luck and happy lawn mowing!
|
About Steve: I'm 18 years old and my goal is to one day become a millionaire! I’m really into business and entrepreneurship. I love being independent and having my own money so I'm always finding ways to earn more. In between school and homework, I write articles and maintain pages on facebook, myspace, twitter and youtube for TMMI! Continue reading here. |
loading...
Related posts:
