How NOT to LOSE Money in Roofing Business: MUST Watch for 1st Year Owners!

Dmitry's Marketing Program: MyMarketingFitness.com
🛠 ROOFERS: grow your business with me: roofing-school.com
🏠 HOMEOWNERS: find your next contractor w/$20k guarantee directorii.com
👉 JOIN us at the annual Roofing Process Conference: roofconference.com
📈 CONSULT directly with Dmitry Lipinskiy: dmitrylipinskiy.com
Insights:
00:00 - Intro
01:25 - Paying Yourself
03:36 - Set up Quickbooks
06:39 - a little gift
07:13 - Renting an office
09:04 - Credit Cards
10:41 - Supply Lines
12:31 - Marketing Budget
13:43 - Sales Commissions
16:51 - Paying Employees
18:47 - Vehicles
21:08 - Subscriptions
24:50 - Education
28:03 - Audits
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Let's Connect:
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LinkedIn: bit.ly/RI-LinkedIn
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bit.ly/RoofInAS
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#RoofingInsights #roofer #roofing #roofingIndustry #contractorIndustry #contractors #industryexperts #businesscoaching #roofingbusiness #homeowners #roofers #entrepreneurs #entrepreneurship #howto

[@RoofingInsights3.0]

Dmitry's Marketing Program: MyMarketingFitness.com 🛠 ROOFERS: grow your business with me: roofing-school.com 🏠 HOMEOWNERS: find your next contractor w/$20k guarantee directorii.com 👉 JOIN us at the annual Roofing Process Conference: roofconference.com 📈 CONSULT directly with Dmitry Lipinskiy: dmitrylipinskiy.com

[@shelbyadderly6715]

Man.. what you've conveyed was what's needed in order to move forward in the right way,and how to keep moving without falling face first. Ignorance is deadly, blindness will cause a crash, and survival is serious in this market. Your content, character and commitment means a lot. You are that ( Locomotive ) Thank You Bro!

[@Fourreal247]

Top 5 Roofing videos in the last 3 years ❤

[@RoofingInsights3.0]

Thank you so much! Glad you found value, thanks for engagement!

[@TKayCO]

100% agree. Very good!

[@FranciscoMarcialA]

even though the advice is redundant, some of us are definitely stubborn and need to hear it multiple times. thank you. ❤ congrats by the way

[@MYRONone.]

i’m starting my own compost soon thanks to your videos for the support on this blind ride to being a business owner

[@brandiburk2820]

This was great, thank you, Dmitry.

[@RoofingInsights3.0]

you are welcome! Hope it helps!

[@ApexRS_Chavez]

Good Stuff my man! This is way more helpful than most content out there.

[@jaysonbooth1381]

Thank you Dmitry for this video and congratulations on 100k subscribers!! I’m watching as many videos as possible!!

[@onpointroofingrepair7167]

Great video very informative when starting a roofing business I needed this Thank you bro

[@marcus.639]

Solid advice thanks man

[@jamesanthony4974]

Great video Dimitry! I’m in the process of opening a roofing company, this was a huge help! Thank you!🙏🏻

[@gusto1557]

Good content. Some very simple take aways and some other that we all know we should do but he reaffirmed.

[@user-ei4jp5sz5c]

Great video. Helps a lot for us in our second year in business.

[@cruzvillanueva5253]

Thank you for the great content.

[@DavidSummerly]

This video is phenomenal! It can be generalized for most business too.

[@samtroyer1457]

Great info 👍

[@desertskyroofing]

Love your videos and this was very helpful. Question, in the video you said if we need $7500 for vehicles we need to have $75000 in sales. You seem to see this as 10% of sales. You also used percentages for the office (10% of gross sales). What percentages do you feel are appropriate for the pay for those doing the work if you use hourly, not subcontractors?

[@BayatDigital]

Great video as always Dimitry! 👍

[@RoofingInsights3.0]

Thank you sir! Appreciate it!

[@WeFindSimpleSolutions]

This is a great video, definitely covers a majority of the issues and problems. We ran into, when we started. 💪

[@RoofingInsights3.0]

What was the biggest surprise for you?

[@reyflores1751]

I'll keep watching videos from you Great content

[@samarafat6448]

Great video, thank you so much 🙏🏻

[@RoofingInsights3.0]

Glad you enjoyed it!

[@dannyboyssj]

This is the video that made me sub loved the info thank you very much

[@RoofingInsights3.0]

Thanks for the sub!

[@TKayCO]

What a video! I’m just starting and am so glad you made this one. Thanks 🙏🏼

[@RoofingInsights3.0]

Good luck in your beginning! Reach out if you need help!

[@TKayCO]

Thanks mate. I will do :)

[@Swampfox42]

Not enough time spent on the audits! Just went through my first audit dispute where they tried to reclassify ALL of our labor as a code with 3x premium. It’s important to understand what triggers them to do that, and how to avoid it. Also VERY important to understand what you’re paying for insurance and build that in to every job. Same goes for taxes and all overhead for that matter. Figure out the minimum you need to charge to stay in business and add what you want to make from there.

[@brandiburk2820]

We should talk. I’m being audited now

[@RoofingInsights3.0]

agree! Will do video on just insurance audits!

[@jimthompson9929]

Good video. Lots to learn here.

[@RoofingInsights3.0]

Glad you found it helpful

[@MasotaMau]

Great video Dmitry will help a lot. Currently 5 years in started with residential now commercial .

[@RoofingInsights3.0]

Best of luck!

[@jballssmyrl1452]

Thanks

[@TheRoofDoctor96]

Aussie roofer here Just went on my own recently. Thanks so much for the information bro

[@MrSplash42]

Should talk about these roofing companies that don't pay their subs and use money from the business for their personal use and end up being broke. That pisses me off big time.

[@martellfletcher]

Are there any biographies from successful roofers that you would recommend to a beginner in the industry?

[@ivanmiller4992]

Hi I'm Ivan, I have watched some of your videos and I'm planing to start my own roofing business in spring. What are some things I can prepare for and be on top of it till then

[@sparksmcgee6641]

Im 53, and I've had 3 businesses. Im a builder now. This is a PERFECT plan for starting a business.

[@hunterback3022]

Ya don’t know shit McGee

[@stevecardon4834]

I feel everyone of those mistakes. I learned a lot from this video I wish I had seen earlier.

[@darrincoy9361]

Which CRM do you recommend and what are your thoughts on tv commercials? Local

[@TouchingwordsUW]

On paying employees not being over 10% is that also for in house installers?

[@ramrab8368]

Hey Dmitry, aren’t businesses supposed to pay taxes on a quarterly basis? I’m curious to know what causes a business to end up with a huge tax bill like that. Awesome video. I’ll be rewatching this one 👍

[@RoofingInsights3.0]

Not first year… maybe second year…

[@jamescarone9553]

I work for a friend who has a small residential roofing company. How do we lower general liability insurance cost? There basing our cost on projected sales from the previous year's growth. We are on our 3rd year and practice many of your tips to be successful for the long term. Ty.

[@sparksmcgee6641]

You can't reduce your insurance. You're paying for a product that you need. If you plan on staying the same size request an audit mid year. You're paying for coverage in a dollar amount of work.

[@alanmackenzie9712]

When I do my estimate and when we collect are 75% deposit I immediately purchase materials. My issue honestly is cash to invest any Suggestions .

[@alanmackenzie9712]

I have been in business for 6 yrs I haven't had a 100,000$ yr yet I use sub crew but am on site start to finish I just secured my crew it's been tuff but I have hung in and continue to get good reviews I'm just not making enough to invest back I know I need to advertise I have done flyers I'm on Google and Bing. My credit not so good. Bottom line I'm doing good work but I'm not being found enough.

[@alanmackenzie9712]

Maybe I just need to save if I can