hello there i've just started working for myself after working for another company can anyone help me out with typical hourly rates i don't want to rip anyone off but i don't want to under charge either!! cheers
ok matey its easy...... how much a hr you were on in your last job Now how busy you think your gonna be eg 2 wks a month?? Old wage Guess £23000 now £23000 devided by number of weeks worked (eg) 26 26 / 23000 = 884 / wk .... / 40 = £22 / hr Now add tax Approx 2k Nic etc
how much were you on in your last job.... you need atleast double that plus add up tax + van + tools + hol pay + sic pay + profit + time not working + Advertising + part p I am a sole trader with very few overheads i charge £30 / hr or £200 a day... and its a struggle
Best if you work everything out on a year basis. Think carefully of all expences which you will encounter in that year, ie car or van change perhaps every 3 years so divide by 3, stationary/postage, insurances, tax, tools the list is endless. Then add how much you want to earn & profit. Divide the figure by how many weeks you want to work then divide it by how many hours in a week you want to work, that would give you an hourly rate.
thanks for that i've been trying to working along those lines myself and its good to hear it for someone else
make sure you think carefully about all the "extras" ie..part P testers PC Van Sick pay Hol pay Advertising emergency funds tax NI Pub lib ins Prof ind ins Van ins Van Tax Tools Breakages accountant fees nic fees add all this up, the ad on your old wage... this gives you the absolute min you can charge.... I recommend you then double the figures Its very hard to beat a paid job wage... but it can make for a nicer life?????? sometimes (although i cant remember when)
I charge the same as DD £30ph or £200ad + materials ontop for domestic customers. For commercial it's £45ph fault find/repair + materials ontop £35ph or £245ad for install work + materials ontop Again same as DD I have low/minimal overheads (untill the new van is ordered anyway)
I'm in London and charge £40 for first hour, £35 thereafter (although just about to change over to £40 flat rate) Other London based colleagues (all sole traders) charge between £30 and £55 per hour. Hope that helps
hello there i've just started working for myself after working for another company can anyone help me out with typical hourly rates i don't want to rip anyone off but i don't want to under charge either!! cheers Charge as much as yo need to maintain your business/living... But initially it's about gaining confidence and hopefully repeat business and or 'word of mouth' of the latter is more important. But you'll find jobs you can charge more on than others.. Like CU changes, a good earner, for example.
Could be time for a rate rise. I charge £25 p/h and have for the last five years. Do you think i should increase?
Could be time for a rate rise. I charge £25 p/h and have for the last five years. Do you think i should increase? But only you know the answer to that MAAS..
We're on £55.00 + VAT Callout inc 1/2 Hours labour then £30-35.00/Hr + VAT there after. Blimey i get £25 call out inc half hour with no vat. Time for a rethink i think!!
Could be time for a rate rise. I charge £25 p/h and have for the last five years. Do you think i should increase? I thought that but then found i had no work. At the end of the day other electricians dictate what the rate is. So from now on every electrician will £50 Per hour Sorted