Always control your marketing costs and stick with tactics that generate leads. Just make sure you spend no more than 10 percent of the price of a project to get the job. This will leave your profit margin intact. The percentage margin you apply depends on whether you're new to the painting business or not.
A profit margin of 30 percent works well for a new business. A 50 percent profit margin is good for a larger, more experienced painting company, according to Painting Business Pro. According to Painting Business Pro, you should always earn at least 20 to 30 percent on all jobs. Save time on billing and get paid 2 times faster with FreshBooks.
Whether you're making an offer to paint or looking for a licensed painter to renovate your home, it's important to understand what it means to estimate the cost of a painting job.
