Free
Service Price Calculator
Setting the right price can feel tricky, but it’s super important for the success of your trade business. This quick and easy Service Price Calculator by i4T Business takes the guesswork out, so you stay competitive without having to undercut or overprice your services. Suitable for any trade you are in!
Let’s get started!
FAQs
This tool makes it quick and simple to calculate the perfect price for your services by looking at three key areas:
- Labour Costs: What you pay yourself, your team, or any contractors.
- Material Costs: The cost of the tools and materials needed to get the job done.
- Overhead Expenses: Business expenses like rent, utilities, and admin costs.
After you enter these numbers, the calculator gives you an accurate service price, along with your profit percentage and markup percentage.
No complicated math, just the info you need in seconds!
This tool makes pricing simple, accurate, and stress-free, allowing you to:
- Maximise Profitability: You’ll know exactly how to cover your costs and ensure a healthy profit.
- Build Client Trust: Transparent, data-driven pricing helps you explain your costs to clients, making you look more professional.
- Save Time: No more manual calculations! Just enter your numbers, and the tool does the work for you.
- Profit is the actual amount of money you make after covering all your costs. For example, if you charge $100 for a service and your costs are $80, your profit is $20.
- Markup is the percentage increase added to your costs to determine your selling price. For example, if your cost is $80 and you add a 25% markup, your selling price would be $100.
In summary, profit is the money you keep after expenses, while markup is the percentage added to your costs to set the price.
To determine your profit, first make sure all your costs (labor, materials, and overhead) are covered. Then, research industry standards—most service businesses aim for a profit margin between 10-30%.
Consider factors like your business goals, the value you provide, and the level of risk involved. Don’t undersell yourself—set a margin that reflects the quality of your work and allows your business to grow.
You’ve got the numbers—now it’s time to put them in our quote creation tool, to create professional-looking tools, customised with your company name, logo, and terms.
Or you can start i4T Business’ 7-day Free Trial to streamline and manage your entire business, from lead generation to quoting, scheduling, tracking, recording, completing, invoicing and payment management, all in one place.
Imagine how much smoother things will run when you’re not just pricing your services accurately, but also managing your entire business effortlessly.
You’ve got the price—now get the platform that helps you grow!
