Is Roofing the most profitable trade? 7 Pros and Cons of Roofing Biz

[@DaveSullivanRooferShow]

Spot on Dmitry! The cons are rarely discussed when all you hear are success stories. Makes it look so easy. Build your roofing business with your eyes wide open. I always ask what can go wrong because it probably will. I can speak to most all of those from my experience. The lowlights are: 2. Risk. Getting paid. It's usually an afterthought when the focus is on just making the sale. Make the investment to have a well written contract and a retainer for contract review. Understand your lien laws/deadlines. Outsource it! Don't work for general contractors. Not understanding your costs and not charging enough for your work. #1 reason why contractors go out of business and don't realize it until it's too late. A slow painful death. 4. Theft. If you don't have a good system of checks and balances you will get embezzled. Period! Without an inventory system things just seem to walk away. It adds up over time. 5. Hidden rocks. I'm with the government and I'm here to help. Surprise! 6. Huge projects. Getting out of your lane. Too easy to focus on making the home run and dropping your shorts. I like high margin singles and doubles. Staying under the radar. "Volume kills and profit thrills". I'll add the business killers 4 Ds to your list. 1. Death 2. Divorce 3. Disillusion 4. Disability I've gone through 3 of them. Death would have been less painful!

[@bigbrotherinlife1654]

Thanks for this honest insight

[@TheSegraves3]

My company does interior and exterior home repairs in Baton Rouge Lousiena and we recently brought on Roofing. I feel like this video was speaking to me. Thanks for the great content.

[@reggiejenkins6458]

I do residential remodeling. I have no shop, one van, and two full time guys with their own vehicles. I only grossed $480k last year but took home $180k, and that was unusually low margins for me. The year before I did about $300k and took home half of it. I’m usually right at or under 50% profit.

[@vincentmarro1396]

You don’t need a office!

[@reggiejenkins6458]

@@vincentmarro1396 correct, neither do most contractors

[@bryan.gonzales]

how do you get jobs just starting out?

[@reggiejenkins6458]

@@bryan.gonzales advertise. Find out what works in your area, and do a lot of it.

[@bryan.gonzales]

@@reggiejenkins6458 I just started doing Facebook ads. Have you seen any results with this?

[@ToddBizCoach]

It’s easy to answer homeowner question about subs by letting them know you will have a company project manager on the job supervising all workmanship.

[@user-vw8ln3bl6k]

Very insightful

[@jacobvandervelde8045]

I love roofing

[@Sea_Jay_Aitch]

Great insights! I appreciate the balanced approach.

[@rocketman3158]

Customer is always right!

[@orionsroof-pro7663]

you have nailed it all

[@BrianBall-p9b]

When I was I business I made an insane amount of money, early and late 90s,early 20s,yes I did make alot .the problem is that you have a lot of people that can't do the work and sub everything, I did everything. Myself. Less worries.

[@dgenterprises7660]

Amazing video 📸. Your background screen is also amazing

[@lusoroofing5221]

this is great video! well thought and explained! thanks!

[@CDCK006]

omg i hate those blue tape details with a passion, they will never stop

[@robertstanley980]

Painting is by far the most profitable and Lowest risk / barrier to entry

[@RoofingInsights3.0]

You have lots of liability in painting too. You are inside homes, moving/covering furniture

[@reggiejenkins6458]

It absolutely has the lowest risk and barrier to entry, but is definitely NOT the most profitable. In a free market it’s almost physically impossible for the activity with the lowest entry barrier to be the most profitable. If it did, people would flood in and drive the profits down.

[@bilobath6093]

I used to do roofing for 27 years then started to paint and pressure washing after doing roofing it sure feels lot easier and Money is just about same

[@Arloroofing]

I did mostly everything in remodeling way far roofing is more profitable maybe tree removal can compete in profitability cause I also did in the past These jobs are in and out and one day money I will tell you why these 2 jobs Cons You have to be able have jobs line up for your crew otherwise you won't be able to keep your guys and will have to subcontrat( you still make good money if you subcontrac) And more more same for pros Just briefly idea for people who does different trades than roofing u can make 4k in one day just imagine if you have 6 days Thank you

[@MotivLifter]

Dmitry, can you share the list of books you recommend. I can see extreme ownership title. What others do you recommend?

[@RoofingInsights3.0]

We have few good recommendations in our profile on Amazon: type roofing insights in search and you will see our page with lots of recommendations for books and other amazon products.

[@zeishankhalid5370]

18:00 was his name Bruce Godfrey? cause he did that in NC

[@reelhooksets5632]

What’s the going rate for new and tear off in Michigan

[@BoiSoi313]

I worked in flooring for a solid 3 years, I want to start subcontracting, however Id like to pair it with something else, I dont want to do exclusively flooring. Do you recommend roofing? I was thinking of cabinets

[@ryanfirey7486]

Hi There, Great video! I have a problem. We currently offer interior kitchen and bathroom remodeling, and tile installation. And exterior roofing (of all types), siding, decking and windows. I worry that we are offering too many services because problems keep happening and it is too much for me to keep up with. I am considering dropping either our interior or exterior services 🤔 any insight would be appreciated.

[@DaveSullivanRooferShow]

Great video

[@danielcourtney7045]

Dmitry, love your videos. How long would you recommend working for another roofer before going on your own? Or what’s your advice for someone who’s never done roofing before, but would like to end up with their own business at some point? I had my own fence and gate contracting business for 2 years, but have since gotten out of that.

[@cxolodxolo1609]

it takes 2-3 yrs assuming you have no bad habits and all your focus is work, but little more than that if you aren’t as focused and have bad habits we’re talking maybe 5-10 years

[@christopher6161]

Dmitry, I thought it was solar, lol.

[@splurtagious]

If you can do it well windows will make you rich beyond your wildest dreams.

[@jasonkeigley6424]

$10 MILLION IN 1 YEAR! 2024 GOAL...

[@serge6442]

I am starting the process to get my roofing license in early 2023, any suggestions on where to start soon after i am licensed???

[@marccote7257]

I followed the step and did not receive it...deceiving

[@yungdcwa81]

WORK COMP SUCKS IN TILL YOU NEED IT

[@lusoroofing5221]

what are your go to roofing books and videos?

[@RoofingInsights3.0]

We have few good recommendations in our profile on Amazon: type roofing insights in search and you will see our page with lots of recommendations for books and other amazon products.

[@patrickwhite5445]

Refrigeration is extremely lucrative in particular Commercial work.

[@vincentmarro1396]

You do not I repeat do not need a office. Overhead is the number one profit killer

[@JuanRodriguez-os9iw]

What is the responsibility of a roofing company, God doesn’t let it happen if a serious injury happens to one of the members of the subs? let's not say dies

[@reynerioguevara2990]

Sorry. So if I’m a Christian and ask you for a position but tell you that i will steal your money!! Then you would trust me??? Sorry I’m not supportive of generalizing at all

[@nickleone9566]

What

[@genecps]

I’m interested in the roofing biz.