WEBVTT
00:00:00.000 --> 00:00:01.199
What's your current average ticket?
00:00:01.360 --> 00:00:02.240
2700.
00:00:02.399 --> 00:00:03.359
Way to go, man.
00:00:03.759 --> 00:00:04.400
Congratulations.
00:00:04.959 --> 00:00:05.440
Service.
00:00:06.080 --> 00:00:07.360
Worldly tracking service.
00:00:07.519 --> 00:00:11.359
That's a significant increase from the 250 you kinda referenced earlier.
00:00:11.519 --> 00:00:12.080
10x.
00:00:12.320 --> 00:00:15.759
Yeah, probably something like average like 800 bucks.
00:00:15.839 --> 00:00:18.480
Because there were so many 250 bucks, 300.
00:00:19.039 --> 00:00:19.199
Yeah.
00:00:19.359 --> 00:00:21.199
Okay, so 33 or 4x.
00:00:21.440 --> 00:00:22.640
Still, massive.
00:00:22.800 --> 00:00:24.000
Really good stuff, man.
00:00:24.079 --> 00:00:25.280
Congratulations on that.
00:00:25.519 --> 00:00:29.199
You want to bring someone else in to alleviate this strain off your shoulders?
00:00:29.359 --> 00:00:30.960
Is that next for you anyway?
00:00:31.440 --> 00:00:33.039
So that you can step back a bit?
00:00:33.439 --> 00:00:37.280
I wanna be able to train in what I'm doing and hand that off.
00:00:37.439 --> 00:00:39.679
And then figure out what I need to do next.
00:00:39.759 --> 00:00:41.679
And then train that next and hand that off.
00:00:41.840 --> 00:00:48.240
I want to delegate as much as I can so that I can keep building the relationships that are gonna push us to the next level.
00:00:48.479 --> 00:01:00.240
Hello, hello, hello, and welcome to the Million Dollar Electrician Podcast, where we help home service pros like you supercharge your business and spark up those sales.
00:01:00.479 --> 00:01:08.319
I'm Joseph Lucani, and together with my co-host Clay New Meyer, we're here to share the secrets that have helped electricians sell over a million dollars from a single service man.
00:01:08.719 --> 00:01:11.040
Now it's time for sales.
00:01:11.280 --> 00:01:13.280
It's time for scale.
00:01:13.760 --> 00:01:18.959
It's time to become a million-dollar electrician.
00:01:21.439 --> 00:01:27.519
Hey, real quick, if you're an electrical service business owner and you're tired of figuring out alone, then listen up.
00:01:27.760 --> 00:01:34.079
ServiceStoop Electrical is hosting our first ever live event, the Whistler Service Summit 2026.
00:01:34.239 --> 00:01:37.519
It's May 29th through June 1st in Whistler, BC.
00:01:37.760 --> 00:01:39.359
Just 26 seats.
00:01:39.599 --> 00:01:47.599
You'll have access to me, Joseph Forrest, real roleplay, working through your leads, working through your business, working with you on your strategy.
00:01:47.760 --> 00:01:51.920
There's only 26 seats available, and we want you to attend.
00:01:52.159 --> 00:01:59.519
Whether you're new to our ecosystem, familiar with our process, or a longstanding client or fan, we want you there.
00:01:59.680 --> 00:02:07.359
So click the link below or go to go.serviceloopelectrical.com forward slash summit.
00:02:07.599 --> 00:02:08.400
See you at the summit.
00:02:08.560 --> 00:02:12.719
Hello, hello, hello, and welcome back to another great episode of the Million Dollar Electrician.
00:02:12.879 --> 00:02:14.800
This one's a little bit different today.
00:02:15.039 --> 00:02:17.199
As you can see, I don't have Joseph with me.
00:02:17.280 --> 00:02:23.840
If you can see us, if you're watching on YouTube, if you're just listening, I'm I'm telling you right now, we don't have Joseph, but we do have a guest.
00:02:23.919 --> 00:02:25.520
We've got Kevin Sperry.
00:02:25.680 --> 00:02:28.159
And Kevin's been patient in getting to this interview.
00:02:28.319 --> 00:02:30.639
Kevin's super pumped to go into this with you.
00:02:30.800 --> 00:02:33.280
Uh Kevin is an SLE Pro member.
00:02:33.439 --> 00:02:43.680
He is someone that uh came into the group, into the community, saw some great immediate wins, and has a really cool story over the last few years of his business that we wanted to share with you.
00:02:43.840 --> 00:02:49.039
So, Kevin, welcome to the show and uh super excited to dive into some of the growth, man.
00:02:49.199 --> 00:02:54.560
Sounds like you were doing uh 50, 60k months, and now you're kind of averaging to 100K.
00:02:54.639 --> 00:02:57.280
You got some big projects going on, you got some great service.
00:02:57.439 --> 00:02:58.879
So love to hear, man.
00:02:58.960 --> 00:03:00.639
Uh, how are things going for you?
00:03:01.039 --> 00:03:02.319
We're going well right now.
00:03:02.560 --> 00:03:08.159
Um we're about as busy as we've ever been with this size crew.
00:03:08.479 --> 00:03:13.360
Um, we've got some some project work, some new construction going on.
00:03:13.599 --> 00:03:21.120
Um, but definitely this service work is uh it's much more profitable than it's ever been and uh and busier than it's been.
00:03:21.520 --> 00:03:21.840
Interesting.
00:03:22.000 --> 00:03:30.319
And something you said just before the show, I think you said you're busier, you're doing more, but it sounded like with less, like you have less guys now than you had last year, is that right?
00:03:30.639 --> 00:03:31.120
Yeah, yeah.
00:03:31.280 --> 00:03:43.520
So last year we were doing a lot of commercial work, and um we had uh about eight guys running for I'm gonna say six to eight months um of last year.
00:03:43.840 --> 00:03:47.840
So if you average it all out, we were doing about sixty thousand a month.
00:03:48.000 --> 00:04:11.039
You know, some of those months were heavier because of those commercial projects, but um yeah, we at the at the height we had we had eight guys, and um I've done almost no commercial work this year, and we are on track from you know the average of 60,000 a month last year to we're averaging about a hundred thousand a month this year so far, and it's only March.
00:04:11.199 --> 00:04:15.840
I'm thinking, you know, as the spring and summer come, it's gonna be even even more.
00:04:16.480 --> 00:04:17.680
Yeah, that's awesome, man.
00:04:17.759 --> 00:04:18.480
And great start.
00:04:18.560 --> 00:04:20.000
Thank you for opening us up there.
00:04:20.160 --> 00:04:24.079
Uh, what I'd love to do today is understand kind of what got you there.
00:04:24.160 --> 00:04:25.680
We're gonna break some pieces apart.
00:04:25.839 --> 00:04:27.279
How long have you been licensed, brother?
00:04:27.519 --> 00:04:33.439
So I saw uh Facebook memory pop up today, about uh passing my exam four years ago.
00:04:33.680 --> 00:04:34.079
Whew.
00:04:34.240 --> 00:04:34.560
Nice.
00:04:34.720 --> 00:04:36.480
Did you go into business right away?
00:04:36.800 --> 00:04:44.480
Uh it took about six months before I decided to uh to get the the business permit um and and the insurances and everything like that.
00:04:44.560 --> 00:04:46.399
And even then it was still a side business.
00:04:46.560 --> 00:04:53.600
Um I kept my full-time job for somewhere between six months to a year after I started the business, which was six months after the licensing exam.
00:04:53.680 --> 00:05:02.000
So it was about a year, a year, year and a half after I got the license before I decided that I was doing this full-time for myself.
00:05:02.319 --> 00:05:03.600
Must have been a tough transition.
00:05:03.759 --> 00:05:09.759
Did you do you remember having nerves around going from having the security of a job to going on your own, brother?
00:05:10.160 --> 00:05:13.439
No, it wasn't too bad because I was working at that point.
00:05:13.600 --> 00:05:18.560
I was a foreman for the company I was at, and then I was working like at night and on weekends for myself.
00:05:18.720 --> 00:05:20.399
It was working two full-time jobs.
00:05:20.560 --> 00:05:29.360
And then I I slowly transitioned to like I was working four days a week at the job, and then I was working the weekends and the nights for myself still.
00:05:29.439 --> 00:05:32.959
And then there was a point that I knew it was just not gonna be not gonna be feasible anymore.
00:05:33.120 --> 00:05:36.079
I didn't have the energy or the time to do that anymore.
00:05:36.240 --> 00:05:40.319
Um, and so I left that job and almost immediately hired a helper.
00:05:40.480 --> 00:05:42.879
I want to say it was three months before I hired my first guy.
00:05:43.120 --> 00:05:43.439
Wow.
00:05:43.600 --> 00:05:45.600
Okay, so you got traction pretty quick though.
00:05:45.920 --> 00:05:47.920
A few months to hire someone, that's not bad.
00:05:48.160 --> 00:05:50.480
Who's that first hire for you at that point?
00:05:50.639 --> 00:05:52.399
Was it someone to help you get some work done?
00:05:52.639 --> 00:05:53.120
Yeah, yeah.
00:05:53.199 --> 00:06:08.959
It was an apprentice that um a friend of mine, and we'd been friends for 10 years or more, and he had actually been my apprentice at the company that I was working at, and had left there to go somewhere else, and then left that place to come back to work for me.
00:06:09.199 --> 00:06:09.680
Awesome.
00:06:09.839 --> 00:06:10.720
Awesome, really cool.
00:06:10.959 --> 00:06:13.600
What was the bulk of your work back then when you were first starting?
00:06:13.920 --> 00:06:27.040
You know, a lot of friends and family and um some house flippers and you know, minor contractor stuff, you know, a lot of restaurants and bars that I had been going to that needed service and things like that.
00:06:27.439 --> 00:06:30.399
Yeah, like who who you knew became first.
00:06:30.720 --> 00:06:32.480
Yeah, me too when I started out.
00:06:32.639 --> 00:06:34.560
That tends to happen to a lot of us.
00:06:34.639 --> 00:06:38.480
Uh something I remember being super embarrassed about back then was my rate.
00:06:38.560 --> 00:06:41.839
Do you remember where you were kind of charging at and what that was like at that point?
00:06:42.240 --> 00:06:46.319
I never had um gone into it with a set like hourly rate.
00:06:46.399 --> 00:06:48.480
I I never did time and material.
00:06:48.720 --> 00:06:50.319
Nice from the from the beginning.
00:06:50.560 --> 00:07:04.959
And a lot of the rate on like the the project work and the new construction stuff is all um, you know, unit pricing that I take, you know, I knew what the what the old boss was charging because I was writing the change orders and writing a lot of these invoices.
00:07:05.120 --> 00:07:11.600
And my father's an electrician too, and he's been in business twenty five almost twenty-five years.
00:07:12.160 --> 00:07:17.600
And so between knowing both of their rates, I kind of was like, all right, this is about where I gotta be.
00:07:17.680 --> 00:07:19.519
And that's how that's how that started.
00:07:19.759 --> 00:07:20.240
Yeah.
00:07:20.560 --> 00:07:21.680
Okay, fair enough.
00:07:21.920 --> 00:07:22.800
Still followed.
00:07:22.879 --> 00:07:24.560
We talk about this in our pricing document.
00:07:24.879 --> 00:07:41.600
But ultimately, one of the first things that most electricians end up doing is either using their old boss's rate or rate they knew from before, or calling around to figure out what's going on in that marketplace, and then trying to use just a little bit less and provide just a little bit more.
00:07:41.839 --> 00:07:46.000
Sounds like you had clarity rate from the get-go, no problems with pricing.
00:07:46.160 --> 00:07:48.319
Did you do some estimating for your dad before?
00:07:48.560 --> 00:07:50.959
No, I hadn't worked for my father since high school.
00:07:51.759 --> 00:07:57.120
Um and I I don't I didn't do any estimating at the company that I was working at.
00:07:57.600 --> 00:08:01.519
But I I I knew the the idea behind it.
00:08:01.759 --> 00:08:06.399
You know, you you guys had a plans, you count up how many of this, how many of that, and you put a price to it.
00:08:06.560 --> 00:08:06.720
Yep.
00:08:06.959 --> 00:08:09.120
And that's still how I do it on the projects.
00:08:09.439 --> 00:08:09.759
Yeah.
00:08:09.920 --> 00:08:11.120
Yeah, yeah, for sure.
00:08:11.360 --> 00:08:12.879
Break it down, price it out.
00:08:13.040 --> 00:08:21.680
Do you remember in your first year any like big significant energy shifts, milestones that you hit, something you were extremely proud of in that first year?
00:08:22.000 --> 00:08:24.319
It's it all kind of blends together at this point.
00:08:25.040 --> 00:08:30.079
I don't know if if something yesterday was last year or if it was yesterday.
00:08:30.399 --> 00:08:39.679
Um, you know, we did uh we we did a lot of work for uh a guy that was like tearing down houses and building monster houses until we didn't anymore.
00:08:40.080 --> 00:08:43.120
That that relationship ended, but that's for the best.
00:08:43.360 --> 00:08:48.720
Um that's what really probably got me got me going with hiring, though.
00:08:48.879 --> 00:08:51.600
Because at that point I had I still had the service work going on.
00:08:51.759 --> 00:09:01.919
So I had um the one guy dedicated to the project work with a helper, and then I hired another guy to handle the service work that I was previously doing, and now I was kind of overseeing things and doing the smaller service calls at that point.
00:09:02.240 --> 00:09:02.720
Thanks.
00:09:02.879 --> 00:09:03.440
Really cool.
00:09:03.679 --> 00:09:16.000
So you mentioned it was kind of like uh blessing in disguise, losing one relationship, not to throw sand or anything, but just to help, you know, us understand and others understand who are listening, because many guys kind of get stuck in that boat, right?
00:09:16.080 --> 00:09:20.480
You get stuck working for someone and you can feel the tension and the separation.
00:09:20.639 --> 00:09:22.159
This isn't working anymore.
00:09:22.240 --> 00:09:23.120
There's different reasons.
00:09:23.279 --> 00:09:29.200
Do you remember kind of some of the reasons why um that wasn't for the best for you guys to stay together?
00:09:29.840 --> 00:09:34.720
Yeah, it just is uh it was just an angry, spiteful man.
00:09:35.279 --> 00:09:35.600
Okay.
00:09:36.000 --> 00:09:37.279
Relationship problem.
00:09:37.519 --> 00:09:37.919
Yeah.
00:09:38.159 --> 00:09:39.200
Yeah, fair enough.
00:09:39.360 --> 00:09:41.600
And you said you still do projects today, right?
00:09:41.919 --> 00:09:42.320
Yeah.
00:09:42.799 --> 00:09:47.200
What do you see as the biggest difference then between your project work and your service work?
00:09:47.840 --> 00:09:51.360
Um, it's it's management and margins.
00:09:51.919 --> 00:09:52.240
Okay.
00:09:52.799 --> 00:09:53.360
Well put.
00:09:53.919 --> 00:10:00.639
They're they're much easier to manage, but the margins are lower, and that's why.
00:10:01.360 --> 00:10:14.240
You know, I probably look on a project for a week or two weeks or three weeks, and I may have to show up and and look over it two, three times because that's that's that's it, it's a blank slate.
00:10:14.399 --> 00:10:17.120
You go, you wire it new, and it's it's pretty straightforward.
00:10:17.200 --> 00:10:18.240
You got a set of plans.
00:10:18.799 --> 00:10:20.399
Um I don't have to worry about it.
00:10:20.480 --> 00:10:26.960
I don't have to worry about the homeowner um you know, looking over your shoulder and and nitpicking every little thing.
00:10:27.679 --> 00:10:30.159
Um you just send a crew there, get it done.
00:10:30.639 --> 00:10:36.639
And the margins are tight, or they can be tight, but um it's it's a lot less stressful.
00:10:37.200 --> 00:10:40.559
The service work is uh is worth it, but it's stressful.
00:10:41.360 --> 00:10:41.600
Okay.
00:10:42.559 --> 00:10:44.799
What stresses you the most about service work?
00:10:45.919 --> 00:10:46.799
Customers.
00:10:47.600 --> 00:10:56.720
Um customers seem to expect everything and only want to pay for part of it.
00:10:57.440 --> 00:11:00.799
Or there's you know, there's always some kind of coincidence.
00:11:00.879 --> 00:11:09.039
Like I had um recently gone over something with a customer, and he said that um, oh well, since you guys have been here, this light fixture hasn't worked.
00:11:09.279 --> 00:11:11.600
And it was nowhere near where we were working.
00:11:12.159 --> 00:11:20.320
And it was an outside light, and I opened it up and it was so corroded and packed full of dirt and and debris and grime.
00:11:20.480 --> 00:11:28.080
I showed him and I said, Hey, look, I'm not trying to accuse you, but I think you just noticed this not working because we were here.
00:11:28.559 --> 00:11:30.080
This hasn't worked in years.
00:11:30.399 --> 00:11:33.200
And he looked at it and he was like, Oh, I think you're right.
00:11:33.519 --> 00:11:34.480
But that's rare.
00:11:34.720 --> 00:11:37.279
It's rare that people will say, I think you're right.
00:11:38.080 --> 00:11:38.960
Interesting.
00:11:39.600 --> 00:11:47.279
Yeah, and that's her we we tend to leverage our options uh really well to try to capture everything we could possibly do.
00:11:47.519 --> 00:11:52.480
I know it must be tough to try to catch an exterior light when you're there during the day.
00:11:52.720 --> 00:11:54.960
And if they don't say anything, how could you know?
00:11:55.200 --> 00:11:58.080
And so, yeah, sometimes that stuff could come back for sure.
00:11:58.320 --> 00:11:58.799
For sure.
00:11:58.960 --> 00:12:03.200
Does that end up being something that you got extra work from then on that particular example?
00:12:03.679 --> 00:12:04.320
We will.
00:12:04.879 --> 00:12:10.720
But, you know, that's uh good it's a combination of luck and good customer service.
00:12:11.840 --> 00:12:15.840
Because there's a lot of times that you just can't convince these people that it wasn't you.
00:12:16.320 --> 00:12:23.200
You know, we did a service upgrade and um and we turned the we turned the power back on and the water heater started leaking.
00:12:23.519 --> 00:12:26.879
Like that's got nothing to do with us, but we were there.
00:12:27.440 --> 00:12:39.440
So it's like it's like once a week you gotta deal with somebody saying something about well, this doesn't work, or that doesn't work, or this went wrong, and I'm like, that's a bad coincidence.
00:12:40.080 --> 00:12:41.039
Coincidence, yeah.
00:12:41.200 --> 00:12:41.840
Makes sense.
00:12:42.399 --> 00:12:46.960
And so for you mentioned kind of like uh management and margins.
00:12:47.039 --> 00:12:48.639
The margins are worth it.
00:12:49.039 --> 00:12:52.799
How have you seen your margins change since getting more involved with service work?
00:12:53.360 --> 00:12:54.080
It's hard to say.
00:12:54.159 --> 00:12:57.679
We're doing some of the job costing for the last couple months right now.
00:12:58.480 --> 00:13:00.879
Um, so we'll figure that out.
00:13:01.120 --> 00:13:04.960
I mean, I can see it that it's that it's better.
00:13:05.200 --> 00:13:07.519
Um, but I can't prove it.
00:13:07.600 --> 00:13:13.519
I don't have the documentation right now to uh to go over actual physical numbers.
00:13:13.919 --> 00:13:14.960
Yeah, that's fair.
00:13:15.120 --> 00:13:15.919
That's fair, man.
00:13:16.159 --> 00:13:17.840
You get the numbers, you'll get caught up.
00:13:18.240 --> 00:13:20.799
And on the project side, what were your margins there?
00:13:22.080 --> 00:13:24.480
Again, I it's all kind of lumped in together.
00:13:24.559 --> 00:13:27.279
So I can see the margins on last year.
00:13:27.600 --> 00:13:27.919
Okay.
00:13:28.720 --> 00:13:33.919
And but that's service and projects all in like, you know, right.
00:13:34.480 --> 00:13:40.080
But they were somewhere twenty twenty-four to twenty-six percent, some something in that range.
00:13:40.320 --> 00:13:40.799
Oh wow.
00:13:41.039 --> 00:13:43.120
Well, that's healthy on projects, especially.
00:13:43.679 --> 00:13:46.159
Well, that's gonna be like I said, a combination of everything, yeah.
00:13:46.399 --> 00:13:47.600
Yeah, yeah, that's awesome.
00:13:47.759 --> 00:13:54.879
And if you had to guess, what percentage of your work like from the hip was service versus projects last year?
00:13:55.519 --> 00:14:01.919
I'm gonna say it was fifty percent commercial uh construction work, project work.
00:14:02.320 --> 00:14:09.039
Uh and then it was probably half and half on residential service or projects.
00:14:09.440 --> 00:14:10.080
Okay, cool.
00:14:10.799 --> 00:14:12.879
So maybe it was 2575.
00:14:13.679 --> 00:14:14.080
Yeah.
00:14:14.559 --> 00:14:24.879
What do you think were the biggest changes that have happened then from the former 60K to now this uh you know almost 100% bigger 100K average?
00:14:25.279 --> 00:14:26.559
What's changed in this time?
00:14:27.279 --> 00:14:37.759
The change is that we're not sending a service guy out to do a 200 or$250 repair that's taking him an hour and doing four of those a day.
00:14:38.000 --> 00:14:46.960
We are scheduling full-day jobs based on some of these service calls that would have been like a okay, the outlet was backstabbed, now it's wrapped up and put back together.
00:14:47.120 --> 00:14:47.840
See you later.
00:14:48.639 --> 00:14:49.360
Interesting.
00:14:49.759 --> 00:14:52.559
Is that just a a better buyer, or what's going on there?
00:14:52.720 --> 00:14:55.519
What's what's changed for you that's creating that difference?
00:14:56.480 --> 00:14:59.679
It's uh creating options on on everything.
00:15:00.399 --> 00:15:05.519
Instead of just saying, Yeah, I can fix this, it's gonna be 250, and I'll see you next time the next one breaks.
00:15:05.919 --> 00:15:10.639
It's like here, I can fix it for this, and I still give them that option.
00:15:10.960 --> 00:15:18.240
Or I can go through and replace every device in your house and wire them correctly, because then you won't have to hear from me for 20 years.
00:15:18.720 --> 00:15:20.720
Yeah, I like that, that peace of mind.
00:15:21.279 --> 00:15:24.559
Did you guys adopt our lifetime craftsmanship guarantee as well?
00:15:25.039 --> 00:15:25.600
Yes.
00:15:25.840 --> 00:15:26.320
Yeah.
00:15:26.639 --> 00:15:32.720
Has that been a piece of those options and been able to help you move forward with that a bit more, or do you notice a difference with it?
00:15:33.120 --> 00:15:38.080
So I don't actually advertise that as I probably should.
00:15:38.240 --> 00:15:44.480
It's on the website and it's on the bottom of every one of my proposals, but I don't physically say it.
00:15:45.200 --> 00:15:46.240
Hasn't been a big talking point.
00:15:46.559 --> 00:15:48.000
I think it's because I need to.
00:15:48.080 --> 00:15:54.720
I I I guess I just am thinking like, well, if if we screw something up, of course we'll come back and fix it.
00:15:54.960 --> 00:15:57.039
That was never a never a thought.
00:15:57.200 --> 00:16:00.480
Now it's just written out there so that these people can see it.