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#157162 - 09/01/05 02:30 PM Why not residential  
Belectrician  Offline
Junior Member
Joined: Sep 2005
Posts: 9
Houston, TX
Why is everyone so scared of residential electrical work?

[This message has been edited by Belectrician (edited 09-01-2005).]


Business, Office, Estimating, Legal:

#157163 - 09/01/05 03:28 PM Re: Why not residential  
Electricmanscott  Offline
Member
Joined: Jan 2002
Posts: 1,457
Holden, MA USA
You are the reason I will NEVER join. [Linked Image]


#157164 - 09/01/05 03:51 PM Re: Why not residential  
electricbill  Offline
Member
Joined: Feb 2005
Posts: 20
chester ny usa
nice first post!
how about SOME of us make MORE than 1% on commercial jobs...it's all how your company is geared towards..
bill


#157165 - 09/01/05 04:18 PM Re: Why not residential  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
Correction on your post B..

"""""Why not get out of the industry that is taking your money and get into a profitable organization that knows how to make you money."""""

I think it should read," Why give into an organization that takes your money, when you can be in an industry that makes you money.""


Dnk.....


#157166 - 09/01/05 06:30 PM Re: Why not residential  
wilkie  Offline
Member
Joined: Apr 2005
Posts: 39
South Carolina
Was that a serious post?


#157167 - 09/01/05 06:41 PM Re: Why not residential  
luckyshadow  Offline
Member
Joined: Jan 2005
Posts: 308
Maryland USA
Some body is not going to make alot of friends with posts like that !
If only you could make second FIRST impressions !

[This message has been edited by luckyshadow (edited 09-01-2005).]


#157168 - 09/01/05 07:25 PM Re: Why not residential  
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
New Jersey
I have no idea where you are from, but commercial work offers profit margins that average from 12 to 17% on average, it also has the benifit of on going maintance, residential work load shifts with the area economy, and you need to worry about saturation in your market area, this occurs when larger marketing service companies enter an area and over price the market, this creates a boom and bust market.

Oh yes, i should run away from the commercial work, last year the profit from that work was a lousey 22% plus.

We have seen these large service companies in the past, most of them dry up, on the first market down turn.

[This message has been edited by LK (edited 09-01-2005).]


#157169 - 09/01/05 07:33 PM Re: Why not residential  
copperseller  Offline
Member
Joined: Aug 2005
Posts: 28
I really don't understand where you are coming from.If you have a good company making good money in commercial...good for you and go for it.
As a residential(90%) electrician,in a good company,well managed,since years our numbers point up.doubled and trippled the revenue in 5 years.


[This message has been edited by copperseller (edited 09-01-2005).]


#157170 - 09/01/05 08:06 PM Re: Why not residential  
Redsy  Offline
Member
Joined: Mar 2001
Posts: 2,056
Bucks County PA
Well, it looks like ESI has sent their minions to infest this site.
Someone call the exterminator!

BTW,

Generally, advertisements and salesmanship are usually prohibited from this board. Attempting to "sell" ESI membership is no different.

Moderators?

[This message has been edited by Redsy (edited 09-01-2005).]


#157171 - 09/01/05 08:55 PM Re: Why not residential  
Electric Eagle  Offline
Member
Joined: Apr 2002
Posts: 914
Alpharetta, GA
We do a wide variety of work. Some of our most profitable work is commercial/industrial. We recently completed a job reconfiguring the electric system in a 20,000 sq ft building to suit the new owner. After all materials, labor and overhead were accounted for we made 27% profit, pure profit.

That said, about 50% of our work is residential service and it is also very profitable. Many jobs are near 50% profit, others are closer to break even.

While I'm not going to join ESI, I do think it can be very good for our industry. I can't count the number of times I've read on this site how many of you wish there was an organization like PSI for our industry. It can't hurt. They are just trying to get us electricians to start making the same money our plumber and HVAC friends have been making for years. I'm all for it.

[This message has been edited by Electric Eagle (edited 09-01-2005).]


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