Don't do sidework. It's illegal. If I have sidework done outside of a licensed person, I can sign any contract with you and never pay you because courts will never inforce it. If you touch a outlet, and another outlet burns the house down, your gonna fall for it. If the homeowner just decides he wants to be a dick he can say you damaged something and your screwed instantly. Doing sidework can cost you so much more than what you think your gonna make. Just wait the proper time for your state and get your proper license then do it correct. Be smart
Question, I totally understand and agree with what you're saying so hear me out. My problem is not the big jobs because I can estimate that fine but when it comes to installing 4 ceiling fans with already existing boxes ready to support so all I have to do is put these fans up I can do that 20 min a fan so that's say 1.5 hr. At $70hr being $nothing…. like completely not worth your time hourly at all vs 75-100 a ceiling fan with existing supporting boxes. I understand being paid your worth trust me, but sometimes to get paid your worth you have to estimate by the job instead of hours invested, cause if you know what you're doing it shouldn't take you that long anyways.
Wow. How do you know if it is actually an electrician issue? Electricians seem like a waste of money. I am getting a new drier from Home Depot, deliver3d and installed for 700 dollars.
Yeah I personally like to charge by the job. Because for me. I work to fast. So I might charge $400 and be done in 2 hours. Where as you might charge $100 an hour but might take you 4 hrs to do it. And that’s usually how things go at least in my area. I usually do things twice as fast. So when I say hourly rate, I tend to lose money. But everyone is different.
This is useful information but consider time to source material which might not be time spent on the job but still time spent to get the task done…and then you think about your vichle maintenance to put gas in your vehicle. …remember your boss is not going to charge a client $50 an hour to then pay his employees the same $50 an hour…it's a business
Daily, just going thru my back end. Seems like a lot of my subs are referred by your videos as well. Thanks for always sharing. Let's collab soon. Working on getting a few other on one big vid talking about the trade etc. I often refer people to your videos if they want to know more about union work. I have always been independent but have love for all of us in the trade. The grass is only greener on the other side if you work on it.
Your charge always depends on your side company setup. FICA, FUTA, Social Security, Medicare, State Taxes, Federal taxes, Material Taxes. Considering all on a side job, you will be on the same track. Those are fair prices. Since 2009, doing side work and after 2013, with state contractor. 09-13 give me the base to get the right money. At this moment, after pandemic, shortage and more, I can keep same prices and adjust them to inflation yearly. It’s a huge impact right now.
I always looked at it like whatever my overtime rate is at my full-time job is what I charge on the side. I always do it as time and material so the customer pays for the material without a markup and they pay for my time at 1.5 my hourly rate, whatever it's been over the years working for different places. Granted, I always took a job that pay higher than where I was at so over the years; and rightfully so, my rate has gone up. This seems the most fair way to me.
I will admit I've done some stuff for free for the older retired fixed income folks from my church but I work 50-55hrs a week as it is. for the most part I look at side jobs as it's time taken away from my 3 kids so the money I make on the side is mostly spent on me and the kids doing something together the next weekend I'm off to make up for it.
If I’m being real I don’t charge much at all, as long as supplies are paid and I get paid enough that I can say it was worth it then it’s fine. I do them as a favor more than for money, but at the end of the day it’s residential work and most of it’s a cakewalk and stuff people don’t like to do themselves
your a good man, charge what your time is worth thats how it should be. the contractor world is a race to the bottom, everyone is undercutting everyone else just to get the job. I think as a whole if we stick with a minimum, people would be willing to pay the price we ask.
Dude we got to get this guy popular. I want everybody to share these videos as much as possible.
Don't do sidework. It's illegal. If I have sidework done outside of a licensed person, I can sign any contract with you and never pay you because courts will never inforce it. If you touch a outlet, and another outlet burns the house down, your gonna fall for it. If the homeowner just decides he wants to be a dick he can say you damaged something and your screwed instantly. Doing sidework can cost you so much more than what you think your gonna make. Just wait the proper time for your state and get your proper license then do it correct. Be smart
Question, I totally understand and agree with what you're saying so hear me out. My problem is not the big jobs because I can estimate that fine but when it comes to installing 4 ceiling fans with already existing boxes ready to support so all I have to do is put these fans up I can do that 20 min a fan so that's say 1.5 hr. At $70hr being $nothing…. like completely not worth your time hourly at all vs 75-100 a ceiling fan with existing supporting boxes. I understand being paid your worth trust me, but sometimes to get paid your worth you have to estimate by the job instead of hours invested, cause if you know what you're doing it shouldn't take you that long anyways.
Wow. How do you know if it is actually an electrician issue? Electricians seem like a waste of money. I am getting a new drier from Home Depot, deliver3d and installed for 700 dollars.
Yeah I personally like to charge by the job. Because for me. I work to fast. So I might charge $400 and be done in 2 hours. Where as you might charge $100 an hour but might take you 4 hrs to do it. And that’s usually how things go at least in my area. I usually do things twice as fast. So when I say hourly rate, I tend to lose money. But everyone is different.
Job difficult
Level 1-50$ a hr
Level 2- 80$ a hr
Level 3-120$ a hr
This is useful information but consider time to source material which might not be time spent on the job but still time spent to get the task done…and then you think about your vichle maintenance to put gas in your vehicle. …remember your boss is not going to charge a client $50 an hour to then pay his employees the same $50 an hour…it's a business
Daily, just going thru my back end. Seems like a lot of my subs are referred by your videos as well. Thanks for always sharing. Let's collab soon. Working on getting a few other on one big vid talking about the trade etc. I often refer people to your videos if they want to know more about union work. I have always been independent but have love for all of us in the trade. The grass is only greener on the other side if you work on it.
DONT HELP ANYONE
No AUTO MECHANIC IS WILLING TO HELP
It's just like playing poker!!!
Deal the cards you've been dealt!!!!
I AM A ELECTRICIAN!!!
Your charge always depends on your side company setup. FICA, FUTA, Social Security, Medicare, State Taxes, Federal taxes, Material Taxes. Considering all on a side job, you will be on the same track. Those are fair prices. Since 2009, doing side work and after 2013, with state contractor. 09-13 give me the base to get the right money. At this moment, after pandemic, shortage and more, I can keep same prices and adjust them to inflation yearly. It’s a huge impact right now.
You have to pay taxes regardless of the income source, even cash. You might need to charge sales tax for maintenance work. Don't give cash discounts.
Troubleshooting, new construction or new additions, existing wiring. It all depends. Know your skill level and experience is a plus.
Lol 100 an hr is for a company that includes insurance etc…I charge 55 for first 30 mins and 35-50 an hour…depends who I'm working for
Useful info, thanks 🦔👍
I always looked at it like whatever my overtime rate is at my full-time job is what I charge on the side. I always do it as time and material so the customer pays for the material without a markup and they pay for my time at 1.5 my hourly rate, whatever it's been over the years working for different places. Granted, I always took a job that pay higher than where I was at so over the years; and rightfully so, my rate has gone up. This seems the most fair way to me.
Charge what you think its worth in comparison to how others in your area do it sounds fair in a sense.
I will admit I've done some stuff for free for the older retired fixed income folks from my church but I work 50-55hrs a week as it is. for the most part I look at side jobs as it's time taken away from my 3 kids so the money I make on the side is mostly spent on me and the kids doing something together the next weekend I'm off to make up for it.
If I’m being real I don’t charge much at all, as long as supplies are paid and I get paid enough that I can say it was worth it then it’s fine. I do them as a favor more than for money, but at the end of the day it’s residential work and most of it’s a cakewalk and stuff people don’t like to do themselves
You dont charge per hour you charge by the job
your a good man, charge what your time is worth thats how it should be. the contractor world is a race to the bottom, everyone is undercutting everyone else just to get the job. I think as a whole if we stick with a minimum, people would be willing to pay the price we ask.