In this episode, Jered Williams, millionaire plumber, shares insights with Joel on pricing strategies for plumbing jobs to maximize profitability. They discuss the importance of factoring in many overlooked costs aside from materials, labor, or profit margins, and delves into competitive payroll, maintenance, insurance, licensing fees, taxes, and administrative costs, stressing the importance of accounting for these factors when setting prices. Jered emphasizes the significance of valuing your time and expertise appropriately while staying competitive in the market. Through practical tips and real-life examples, they provide actionable advice for plumbers, and a comprehensive understanding of the true costs associated with running a plumbing business.