Basically is it worth selling the item for the same price if the materials cost more but I don’t spend As much time producing it?
Basically is it worth selling the item for the same price if the materials cost more but I don’t spend As much time producing it?
OP, what’s your field?
Time is indeed money. If you can make the same amount of money per job by shifting your parts to labour ratio towards parts then you will be able to sell proportionally more products/services because you can get through each job faster. However, what are the parts in question? Are they easy to store or are they big and heavy? Are they easy to source allowing a ‘just in time’ supply chain or do you need to maintain a stick in order to facilitate the rapid turn over of jobs you can do by reducing your spent labour time on each job? Are parts of consistent quality?
Most of this is relative to your industry. I’m guessing motor/engineering? Maybe HVAC?