In this episode of Printing's Alive, Warren Werbitt chats with Nick Gawreluk from Print Profit about print industry profitability. They discuss traditional vs. modern costing methods, contribution margins, and job profitability. Nick shares his industry challenges, highlighting the significance of sales, pricing strategy, and customer value. They also cover generational leadership, MIS integration, competitive pricing, and collaboration. The episode addresses ROI on equipment, support for small print shops, rising operational costs, and business ethics. Tune in for insights on navigating the evolving print landscape.
(0:00) Introduction of Nick G from Print Profit
(1:47) History and Evolution of Print Industry Profitability
(2:39) Traditional vs. Modern Costing and Pricing in Printing
(4:11) Nick G's Passion for and Challenges in the Print Industry
(7:19) Understanding Contribution Margin and Job Profitability
(10:02) The Role of Sales and Simplifying Cost Analysis
(14:12) Fixed Costs, Contribution Margins, and Profitability Software
(17:22) Changing Mindsets and Modern Pricing Methods
(21:27) Customer Value, Data Clarity, and Pricing Strategy
(23:30) Diversity of Experiences Across Print Company Sizes
(28:25) Generational Leadership and MIS Integration in Printing
(34:22) Competitive Pricing and Relationship Leverage in Print Sales
(42:47) Industry Collaboration and Resource Optimization
(44:46) Evaluating ROI on New Printing Equipment Investments
(46:30) Support and Peer Groups for Small Print Shops
(48:24) Case Studies on Large Format Printing Press Investments
(50:06) Rising Operational Costs and Business Ethics in Printing
(51:47) Positive Energy and Addressing Pain Points in Printing
(55:09) Persistence, Opportunities, and OEM Support in Printing
(57:41) Excitement and Risks in Printing Equipment Investments
(58:17) Future Plans for the Podcast and Industry Support
(59:11) Closing Thoughts and Gratitude