Don't Cheap Out on Your Roof -- Here's Why Budget Roofers Fail!

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Links from Video: Roofing Economics: • Roofing Business Econo...
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8 out of 10 roofing businesses fail in two years because of this mistake, so if you want to build a profitable, sustainable roofing company, start using Dmitry's proven business model now!
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Insights:
0:00 - Video Start
0:40 - What Makes Roofing Different
1:22 - Typical Roofing Business Model
3:21 - The Three Categories of Gross Profit
5:30 - What is Overhead in Roofing?
6:09 - What Most Roofers Fail to Understand
9:07 - 3 Tips to Avoid this Mistake
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[@mitchellrivera7873]

Love it! The hardest part is when you have homeowners believe you are making $10,000 on a $10,000 job. It’s almost counterproductive to explain where all the money goes so it’s one of those things that I just leave alone.

[@esquire9445]

2 more things… pay your quarterly taxes. My brother constantly makes this mistake and it always comes back to get him. You don’t know how profitable you are if you aren’t constantly updating your books and paying your bills…. Also, debt kills him. It seems everyone feels they need a newer truck.

[@RoofingInsights3.0]

Chicago has huge failure rate amongs contractors

[@jasonsmithroofing]

Would love to see a video or at least hear your take on running a repair only business model. That’s what I do, modeled after another established and very profitable mentor/contractor. Extremely low material costs, highly needed service with low competition, and very fast and profitable jobs.

[@RoofingInsights3.0]

Let’s do it together! Text me if interested: 612-558-4881

[@jasonsmithroofing]

@@RoofingInsights3.0 will do!

[@SFCISME]

One of my longtime competition recently did that and at some point in the future I plan to as well.

[@Lawrenc795]

Im sales not owner but i believe this is you very smart model we’re not huge. We don’t have a lot of crews residential keep your smiles and frowns correct and do it but I love this idea. I would even do them myself.

[@Lawrenc795]

It gets you on the roof it gets you talking to people the neighbors I’m all about repairs

[@SFCISME]

Having been at this 30 years I can tell you that you will adopt these points over time, the earlier the better. I do not try to be low bid, I do try to key in on the most profitable and easiest jobs. We do almost no new construction.

[@futurergd]

Great content!

[@jamessilvey4928]

Perfect Explanation! Honestly, you need to do a breakdown on OH, Expenses, how to be profitable.

[@RoofingInsights3.0]

Noted

[@garenarmstrong2058]

Good video 👍🏼

[@td1246]

Wow thank you

[@bencool5823]

Why are most roofers scared half to death to give an estimate in in writing or anything in writing I had some contractors come out and not even give a business card and why don't roofers have an business ID on after all they are coming in to your home it's like doing business strangers

[@jcmoye1]

Good Video Demetri !!

[@RoofingInsights3.0]

Thank you sir! Appreciate it

[@captainmo3064]

Premature failures of new roofs are the following. 1. Flashing 2. Improper ventilation 3. Pipe boots 4. Ice dams (inadequate ice / water) 5. Shingle / hip & ridge blow offs Interesting enough most inexpensive roofers don't change the flashing even when required by manufacturer for warranties. Also they buy the most inexpensive pipe boots. Hacks make me stacks. I follow 8-10 Master Elite and TAMKO Pro Roofers in my market and make bank on roofs less than 10years old.

[@AKZboy2]

this is fire 🔥

[@pistolpete8096]

I wish this was true 30,30,30. I’m bidding against clowns in chicago land going in at 20% margin and we’re not talking chucks in a truck as Dimitry would say. These are companies with overhead and salesman…..

[@mikehamm648]

Like to see video explaining the manufacture prorated warranty explained in layman’s terms . OC vs. Certainteed etc.

[@CopeBUILT]

I've never seen a homeowner successful get money from a single manufacturer... IMHO: shingle warranties mean NOTHING!

[@Jcknightstechnology]

Excellent

[@alfredorodriguez8053]

I need to replace my entire roof and have solar panels which shingles do you recommend that are compatible with solar panels?

[@Lawrenc795]

Absolute genius

[@erwinserrano683]

Totally agree with the model. Thats how we do business here. ❤

[@jjsroofing860]

Very well said !

[@refugejosh]

Great content

[@RoofingInsights3.0]

Thank you!

[@osleadygarlobo9481]

As a subcontractor the crew never gets 30 percent trust me

[@RoofingInsights3.0]

🛠 ROOFERS: grow your business roofing-school.com 👉 JOIN us at the annual Roofing Process Conference: roofconference.com 📈 CONSULT directly with Dmitry Lipinskiy dmitrylipinskiy.com/ 🏠 HOMEOWNERS: find your next contractor w/$20k guarantee directorii.com Links from Video: Roofing Economics: kzbin.info/www/bejne/r4XPqmh4mJJ2ms0

[@Lordbigtime]

100% man, we bid on a job the other day that was 65 squares and we did it at 40%. Some jack wagon came in and undercut us by $15,000. There’s just no way he made enough money on that project to cover everything.

[@jaga72]

Same here, was with customer inspecting every detail on roof and attic. A good hour, gave him my report with pictures and details. Cut up roof with hips and valleys and 8/12. Bid it for 30k, he gave my report to someone else and they did it for 12k😮. My math doesn't add up how they're making their gas money let alone buy materials... It just doesn't add up.

[@jasonisaac9614]

The funny part is those customer are dumb enough to believe that they are getting a quality roof from a guy that charges $200 a square. lol

[@ToddBizCoach]

@@jaga72 how many sq was the job and what is your labor cost per square? Your numbers seem to be highly inflated for a competitor to bid the job at less than 50% of your bid.

[@ToddBizCoach]

@@jasonisaac9614 even funnier is I know a couple roofers who charge $230/sq for a walkable and are in business for over 20 years.

[@lcgoonsquad7650]

@@jaga72 How many Sq?

[@blowiturazz]

fresno california.........me do cheap........lolololololo

[@mikehamm648]

The good guys are the ones that stay in business and honor their 5 year warranty. Meanwhile 80% of roofers will close there doors before two years in business.

[@YetiRoofing]

How many roofing companies actually have only 10% overhead? I would say very few if any. Maybe the Chuck in a truck, working out of his kitchen.

[@RoofingInsights3.0]

If your overhead is more than 10% you should rethink your spending and your model. $1m roofing Business shouldn’t be spending more than $100k per year in office and staff, neither should $5mm business spend $500k on same. If you spend $200k bringing $1 million, you have spending and efficiency problem.

[@YetiRoofing]

@@RoofingInsights3.0 Would absolutely love to see the overhead breakdown of a successful $3 million - $5 million a year company. Maybe someone will anonymously share theirs with you so you can do a video and break it down for those of us whose goal it is to get to that point.

[@josephpilkington2443]

It’s easy to make money in the New England area. All you need to do is: 1- shrink wrap a truck with a company name 2-Sub-contract all your jobs to people who exploit the illegal aliens who are controlled by the cartels because they are indebted to them 3- Let them use air guns and destroy the shingles. I know “set the pressure I don’t know how it is done in other parts of the country but I’ll bet they are using the same so called “business model”

[@mattaconda77]

They could just be bad at math and tired….not going to name names 🙄

[@Heisrisen237]

Entrepreneur: one degree from delusional. Sound right 😂. I'm a few degrees past entrepreneur.