Coppersmith
Senior Member
- Location
- Tampa, FL, USA
- Occupation
- Electrical Contractor
I'm so glad to read this thread. Usually it's some guy charging insanely low rates and me trying to convince him he's losing money. Being the most expensive guy in town and still being very busy is exactly where you want to be. Pure economic theory says "charge what the market will bear". That means keep raising your prices until your incoming business levels off.
If you want to relieve your guilt, go ask a contracts or divorce lawyer what s/he charges. It will be $300-500/hr or more. Is the service they are providing more valuable than ours? Accident attorneys take 33-40% of multimillion dollar payouts. Do they feel guilty? Probably, but you don't see them lowering their rates.
Instead of racing to the bottom, let's all decide to race to the top.
If you want to relieve your guilt, go ask a contracts or divorce lawyer what s/he charges. It will be $300-500/hr or more. Is the service they are providing more valuable than ours? Accident attorneys take 33-40% of multimillion dollar payouts. Do they feel guilty? Probably, but you don't see them lowering their rates.
Instead of racing to the bottom, let's all decide to race to the top.