I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount
of electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work
for free. Im in the upstate NY area (2 1/2 hours from NYC). Any
guidlines you guys could throw my way would really help. Thanks,
Craig

monkers wrote:

I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount
of electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work
for free. Im in the upstate NY area (2 1/2 hours from NYC). Any
guidlines you guys could throw my way would really help. Thanks,
Craig


For yourself, take the amount you make working for someone else and
double it. That accounts for the roof over your head, the benefits, the
nonbillable time you spend working (phone calls, estimating, running to
the bank, etc.).

For your equipment take the amount it's worth and divide by 20000 (2000
working hours in a year, more or less, and a 10% annual rate on the
loans you'd have to have if you bought it all on time).

If welding is like electronics engineering that should work out to about
3x as much as you make per hour working for someone else.

Or, if you're really, really good just charge them up the wazoo and know
you're worth it 'cause no one else can solve their problem.

--
-------------------------------------------
Tim Wescott
Wescott Design Services
http://www.wescottdesign.com

Or, if you're really, really good just charge them up the wazoo and know
you're worth it 'cause no one else can solve their problem.

grin

Ken.


--
-------------------------------------------
Tim Wescott
Wescott Design Services
http://www.wescottdesign.com

"monkers" wrote in news:1120695476.555305.26340
@g47g2000cwa.googlegroups.com:

I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount
of electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work
for free. Im in the upstate NY area (2 1/2 hours from NYC). Any
guidlines you guys could throw my way would really help. Thanks,
Craig


Keep in mind that you will have to pay a minimum of 33% to the FED Gov't at
the end of the year on that money + any state income tax and other taxes.
So you need to raise whatever hourly rate you actually want, by at LEAST
that much, just to recoup the taxes, SS and FICA.

--
Anthony

You can't 'idiot proof' anything....every time you try, they just make
better idiots.

Remove sp to reply via email

http://www.machines-cnc.net:81/

Ken Sterling wrote:
Or, if you're really, really good just charge them up the wazoo and know
you're worth it 'cause no one else can solve their problem.


grin

Ken.

Heh..

On Wed, 06 Jul 2005 17:28:20 -0700, Tim Wescott
wrote:



For yourself, take the amount you make working for someone else and
double it. That accounts for the roof over your head, the benefits, the
nonbillable time you spend working (phone calls, estimating, running to
the bank, etc.).

For your equipment take the amount it's worth and divide by 20000 (2000
working hours in a year, more or less, and a 10% annual rate on the
loans you'd have to have if you bought it all on time).

If welding is like electronics engineering that should work out to about
3x as much as you make per hour working for someone else.

Or, if you're really, really good just charge them up the wazoo and know
you're worth it 'cause no one else can solve their problem.

That's a good business model, may not always be appropriate for
"pickup" jobs. I use a market-based approach: what might the job be
worth to the requestor and how willing or eager am I to do it? I
charge big corps a lot because they can be such a PITA, do some jobs
for much less if I really enjoy them and/ or learn something from
them.

On 6 Jul 2005 17:17:56 -0700, "monkers" wrote:

I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount
of electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work
for free. Im in the upstate NY area (2 1/2 hours from NYC). Any
guidlines you guys could throw my way would really help. Thanks,
Craig

I charge a plain old $60/hour with a 1/2 hour minimum. Here's how I
arrived at that:

$20 to the shop for Equipment, Power, Gas, Rod, Repairs, etc
$15 to IRS and State sales tax (I don't charge extra for it, but I
claim it)
$25 to me, cuz I'm worth it, damnit.

And there you have it.

James, Seattle

Whatever I think the job is worth, and I figure any welding is worth $50 per
hour minimum.

If they stutter about the price, I just say think about it, and then after
that, I am just too busy to get to it.

A welding professional doesn't spend a lot of time explaining themselves.
What they do is performance based, and if you are not willing to pay for
performance, go have your brother-in-law or alien neighbor do it.

Steve

RainLover wrote:
On 6 Jul 2005 17:17:56 -0700, "monkers" wrote:


I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount
of electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work
for free. Im in the upstate NY area (2 1/2 hours from NYC). Any
guidlines you guys could throw my way would really help. Thanks,
Craig


I charge a plain old $60/hour with a 1/2 hour minimum. Here's how I
arrived at that:

$20 to the shop for Equipment, Power, Gas, Rod, Repairs, etc
$15 to IRS and State sales tax (I don't charge extra for it, but I
claim it)
$25 to me, cuz I'm worth it, damnit.

And there you have it.

James, Seattle
A good example of how the current tax system penalizes productivity and
a good argument for support of the new FairTax system being considered
in Congress!
Pat

--
Email: patlandy_at_verizon.net
HELP GROW THE ECONOMY, SUPPORT THE FAIRTAX.
http://fairtax.org

10$ per hour to get out of bed
an addittional 10$ an hour to go down to the shop
10$ more to turn the lights on
10$ to run any of the equipment inside.
Then we have to assess any attitude adjustment fees and or compensation
to hurry.
If you think you are unskilled go on down to the nearest garage and ask
them their labor rate.

wrote in message
oups.com...
10$ per hour to get out of bed
an addittional 10$ an hour to go down to the shop
10$ more to turn the lights on
10$ to run any of the equipment inside.
Then we have to assess any attitude adjustment fees and or compensation
to hurry.
If you think you are unskilled go on down to the nearest garage and ask
them their labor rate.


A month or so ago, we took off on a fishing trip in our motorhome. The
tranny blew outside town. We had it taken to the friendly local Ford
Authorized Service Center for Heavy Trucks.

They charge $85 to $140 per hour.

Since I have six weeks to go on our annual service that keeps our extended
warranty going, I left instructions on the ticket to do the service. Check
belts, hoses, fluid levels, change oil, filter, etc. It amounts to a $300
oil change, but that is what keeps the warranty valid.

They called to say the MH was ready. I asked if they had done the service,
too. "Oh, yeah." was the answer. I got there, and was presented with a
bill for $0.00 because it was under warranty. I asked about the bill for
the service.

"What service?"

"The service I ordered when we brought it in."

"It's not on the order."

"It was on the order that I signed."

"Well, it's not on THIS order."

"**** it. I'll just go somewhere that they do $300 oil changes and let them
do it."

I am endlessly amazed at high shop rates where they miss the obvious, like
putting back the oil filler cap. Not seeing a bad belt. Not tightening
something that is loose. A thousand things that Steveland Morris would
find. (Stevie Wonder) Knuckledragging workers plodding about.

If you do good work and guarantee it, you will have a growing business and
satisfied (and referring good business) customers. You never have to
apologize for your rates because it's done and it's done right.

Hell, there's even enough work out there for the crappy businesses to stay
in business at high rates.

Steve

Hi,

I know of a guy in Seattle doing jobbing work. He charges $70 an hour
flat rate as a retirement hobby doing retrofits for the 3 in 1 machines.

An aerospace outfit in Upper Saddle River, NJ charged $100 an hour on
their universal CNC working to 5 decimal places. That was 1986.

Also, in 1986 I worked for a now defunct jobbing shop in Harriman, NY.
He charged then, $65 an hour, 1/2 hour minimum at $30 for off the street
work, not bid on. So just figure cost of living increase since. One
of the recurring jobs was rewelding fixup for impellars to sewage pumps
to the local treatment plant. Just make sure you are up on your immune
shots and hold your breath. What a lovely smell up under the welding
helmet!

The bottom line is competition and how good work you do compared to the
other guy. Are you reliable and timely and consistent? My experience
is not too many good mechanics in any trade out there, just a lot of gab
and quick moves.

Be careful with getting sued. You insured?

I know a guy here in town, no fault of his own, he repaired a die set.
The operator on the job bypassed the safety switches and the operator
crushed his arm from being an idiot. His attorney sued everybody that
had anything to do with that job. My buddy got sued for a million
dollars. He fought it and won, but he had to pay the attorney fees!


Kurt
{:{
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3 D=3D=3D=3D



How do you figure hourly rate?

Group: rec.crafts.metalworking Date: Wed, Jul 6, 2005, 5:17pm (EDT-3)
From: (monkers)
I was asked to do some side work (have full time job) for some people
and was curious how you guys figure your hourly rate. I will be doing
some machine work and welding. Im curious how to figure in the amount of
electric used, welding rod/wire/75-25 gas, grinding wheels, wire
brushes, etc.... I dont want to rape anyone, but I dont want to work for
free. Im in the upstate NY area (2 1/2 hours from NYC). Any guidlines
you guys could throw my way would really help. Thanks,
=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A 0=A0=A0=A0=A0=A0=A0=A0=A0=
=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A 0=A0=A0Craig

good call Pat. Some more websites to learn more about the FairTax:

www.FairTax.org
www.FairTaxVolunteer.org
www.myfairtax.org
www.salestax.org
www.salestaxusa.com
www.fairtaxindiana.net