Quick Answer: How Can I Grow My Electrical Contracting Business?

Do electricians make 6 figures?

The top 10 percent of electricians earn more than $82,680.

But if you are working overtime or are taking on commercial jobs, you can easily make six figures.

If you are an apprentice electrician, you will probably earn 30 to 50 percent of what journey-level electricians earn around your area..

Is it hard to start your own electrical business?

So, if you’ve been thinking about starting an electrical business, now might be the right time to go for it. … Running a business isn’t for everyone; it can be hard work, but it can also be incredibly rewarding, giving you the opportunity to be your own boss, have more flexibility with your time and grow your income.

Which type of electrician makes the most money?

The Highest Paid Electrician Specialties of 2020 and How To Find Your NicheOil Rig Electrician. … Substation Electrician. … Industrial Electrician. … Construction and Maintenance Electrician. … Commercial Electrician.

Is being an electrician stressful?

If the science behind electricity intrigues you, just know the US News has ranked electrician work as stressful. The level of stress in an electrician’s job arises from the “work environment and complexities of the job’s responsibilities,” said the news website.

How much does it cost to start a electrical business?

The costs for starting an electrician business vary, but generally include licensing, insurance, fees for union dues, overhead and equipment costs, and rent for office space. In general, many startup companies spend at least $5,000 to get started.

How do electricians advertise?

The best way to start is by providing discounted work for family and friends. Nothing is more powerful then word of mouth. Have a start-up promotion in your street. Go around your neighbours and tell them about yourself and the services you are doing and ask them if they know somebody who needs work done for them.

Is electrical contracting a good business?

Unlike other small business construction contracting, the electrical contracting industry requires more than a few “good guys” to start. Every way you look at it, small business has as many challenges as any other larger business.

How much can you make owning your own electrical company?

You Could Make Six Figures Ideal Industries CEO Jim James told Webster that electricians owning a business have the potential to earn a six-figure salary — $150,000 to $200,000.

How can I get more electrical work?

How to Get More Electrical Work: 6 Ways to Find Electrical WorkOptimize for local search to drive qualified traffic. … Use Google Local Services ads to drive qualified leads. … Invest in your website’s design to set a positive first impression. … Create high-quality content to establish yourself as an authority in your field.More items…

Can electricians make 100k?

Do electricians make $100k/yr? They can absolutely, though usually not if they work exclusively residential or refuse to travel for work.