{"id":11305,"date":"2024-10-10T08:53:30","date_gmt":"2024-10-10T08:53:30","guid":{"rendered":"https:\/\/i4tbusiness.com\/au\/?p=11305"},"modified":"2024-12-20T01:36:39","modified_gmt":"2024-12-20T01:36:39","slug":"guide-to-service-pricing-for-small-trade-businesses","status":"publish","type":"post","link":"https:\/\/i4tbusiness.com\/au\/guide-to-service-pricing-for-small-trade-businesses\/","title":{"rendered":"A Complete Guide to Service Pricing for Small Trade Businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11305\" class=\"elementor elementor-11305\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b9c98b e-flex e-con-boxed e-con e-parent\" data-id=\"0b9c98b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a34b59 elementor-widget elementor-widget-heading\" data-id=\"5a34b59\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Is Service Pricing?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b8d328 elementor-widget elementor-widget-text-editor\" data-id=\"6b8d328\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Service pricing is the process of deciding how much customers will pay for a service. For trade businesses like plumbers, electricians, cleaners, etc, setting the right price is essential for success.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d83594 elementor-blockquote--skin-boxed elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"6d83594\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tPricing your services right is not just about picking a number; it\u2019s about covering your costs and making a profit while remaining competitive.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=Pricing+your+services+right+is+not+just+about+picking+a+number%3B+it%E2%80%99s+about+covering+your+costs+and+making+a+profit+while+remaining+competitive.&amp;url=https%3A%2F%2Fi4tbusiness.com%2Fau%2Fau%2Fguide-to-service-pricing-for-small-trade-businesses%2F\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23f7dc9 elementor-widget elementor-widget-text-editor\" data-id=\"23f7dc9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Unlike selling products, where prices are often based on material costs, pricing services involve other factors. For example, a plumber has to consider the time spent on a job, the cost of any parts, and travel expenses when setting a price.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f98030b elementor-widget elementor-widget-heading\" data-id=\"f98030b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Is Service Pricing Important?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b27a3f elementor-widget elementor-widget-text-editor\" data-id=\"3b27a3f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">For small trade businesses, pricing directly affects how much money you make and how customers view your services. Charge too little, and you may struggle to cover costs. Charge too much, and customers might choose a competitor. Getting it right helps cover your expenses and ensures your business can grow.<\/span><\/p><p><span style=\"font-weight: 400;\">Customers also expect fair pricing.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8d3a0b elementor-blockquote--skin-boxed elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"f8d3a0b\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tTransparent and reasonable pricing can build trust, attract repeat business, and encourage referrals.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=Transparent+and+reasonable+pricing+can+build+trust%2C+attract+repeat+business%2C+and+encourage+referrals.&amp;url=https%3A%2F%2Fi4tbusiness.com%2Fau%2Fau%2Fguide-to-service-pricing-for-small-trade-businesses%2F\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad10d04 elementor-widget elementor-widget-heading\" data-id=\"ad10d04\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Finding a Balance Between Competitiveness and Profitability\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5793d92 elementor-widget elementor-widget-text-editor\" data-id=\"5793d92\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Balancing competitive pricing with profitability is key for any small service business. You need prices that are attractive to customers but still allow you to make a profit.<\/span><\/p><p><span style=\"font-weight: 400;\">Here\u2019s how to do it:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Understand your costs<\/b><span style=\"font-weight: 400;\">: Make sure you account for all expenses, like labour, materials, and overhead (e.g., rent, insurance).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Include a profit margin<\/b><span style=\"font-weight: 400;\">: Your pricing should also allow for profit, which helps you reinvest in your business.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Check the market<\/b><span style=\"font-weight: 400;\">: Regularly look at what competitors are charging to ensure your pricing stays competitive while offering value.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">By setting the right service prices, you position your business for long-term success.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d2d909 elementor-blockquote--skin-boxed elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"6d2d909\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tWhen pricing your services, you need to find the right balance between providing value to customers and ensuring your business grows.\n\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=When+pricing+your+services%2C+you+need+to+find+the+right+balance+between+providing+value+to+customers+and+ensuring+your+business+grows.%0A&amp;url=https%3A%2F%2Fi4tbusiness.com%2Fau%2Fau%2Fguide-to-service-pricing-for-small-trade-businesses%2F\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a3d277 elementor-widget elementor-widget-heading\" data-id=\"4a3d277\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Important Service Pricing Terms\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a8cc55 elementor-widget elementor-widget-text-editor\" data-id=\"9a8cc55\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When pricing your services, it\u2019s important to understand key financial terms. These terms help you calculate costs, set a fair price, and ensure you\u2019re making a profit. Here are some of the most important terms:<\/span><\/p><p><b>1. Cost of Goods Sold (COGS)<\/b><\/p><p><span style=\"font-weight: 400;\">COGS refers to the direct costs you pay to complete a service. For trade businesses, this includes materials, tools, and supplies. For example, if you\u2019re an electrician, the wires, switches, and outlets you buy for a job are part of your COGS.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Why It\u2019s Important:<\/b><span style=\"font-weight: 400;\"> Knowing your COGS helps ensure that you\u2019re covering all the costs needed to provide the service. Without this, you could lose money on jobs.<\/span><\/li><\/ul><p><b>2. Markup<\/b><\/p><p><span style=\"font-weight: 400;\">Markup is the amount you add to your costs to set the final price. It\u2019s a percentage added on top of your COGS. For example, if your COGS for a job is $100, and you add a 20% markup, you\u2019ll charge $120.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Why It\u2019s Important:<\/b><span style=\"font-weight: 400;\"> Markup allows you to cover your costs while making a profit.<\/span><\/li><\/ul><p><b>3. Gross Profit<\/b><\/p><p><span style=\"font-weight: 400;\">Gross profit is the amount left after you subtract COGS from the price you charge. For instance, if you charge $200 for a plumbing service and your COGS is $100, your gross profit is $100.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Why It\u2019s Important:<\/b><span style=\"font-weight: 400;\"> Gross profit shows how much money you make after covering the basic costs of the service.<\/span><\/li><\/ul><p><b>4. Profit Margin<\/b><\/p><p><span style=\"font-weight: 400;\">Profit margin is a percentage that shows how much of your total sales is profit. You calculate it by dividing your gross profit by the service price. For example, if you make $100 in gross profit from a $200 service, your profit margin is 50%.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Why It\u2019s Important:<\/b><span style=\"font-weight: 400;\"> Profit margin helps you measure how profitable your services are overall.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3cdd7d elementor-widget elementor-widget-heading\" data-id=\"f3cdd7d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Understanding These Terms Matters\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2672fb0 elementor-widget elementor-widget-text-editor\" data-id=\"2672fb0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Understanding these terms helps you set the right prices for your services. Here\u2019s why:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial Control:<\/b><span style=\"font-weight: 400;\"> Knowing your COGS, markup, and profit margin helps you track where your money is going and how much you\u2019re making.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Better Pricing Decisions:<\/b><span style=\"font-weight: 400;\"> You\u2019ll avoid undercharging (which can lead to losses) or overcharging (which might push customers away).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Business Growth:<\/b><span style=\"font-weight: 400;\"> These terms help you ensure your pricing is profitable so your business can thrive and grow.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b5322f elementor-widget elementor-widget-heading\" data-id=\"7b5322f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Steps to Price Your Services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d67e52 elementor-widget elementor-widget-text-editor\" data-id=\"3d67e52\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Pricing your services correctly is key to running a successful business. To do this, follow these simple steps to ensure you cover your costs, stay competitive, and make a profit.<\/span><\/p><p><b>1. Calculate All Your Costs<\/b><\/p><p><span style=\"font-weight: 400;\">The first step is figuring out how much it costs to provide your service. You need to look at both fixed and variable costs:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fixed Costs<\/b><span style=\"font-weight: 400;\">: These are expenses that don\u2019t change from month to month, like rent, insurance, and utilities. You\u2019ll have to pay these whether you have a job or not.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Variable Costs<\/b><span style=\"font-weight: 400;\">: These change depending on the job. For example, labour (your time or your employees&#8217; time), materials (like parts or supplies), and transportation (gas and vehicle expenses) are all variable costs.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Don\u2019t forget hidden costs like:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Taxes<\/b><span style=\"font-weight: 400;\">: Set aside money for sales or income taxes.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insurance<\/b><span style=\"font-weight: 400;\">: For your business or work vehicle.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tools and Equipment<\/b><span style=\"font-weight: 400;\">: Include costs to maintain or replace your tools.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">By adding up all these costs, you\u2019ll know the minimum you need to charge to cover your expenses.<\/span><\/p><p><b>2. Research Your Competitors and Market<\/b><\/p><p><span style=\"font-weight: 400;\">Once you know your costs, it\u2019s important to check what others are charging for similar services in your area. Here\u2019s how:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Look at Competitors\u2019 Prices<\/b><span style=\"font-weight: 400;\">: See what local businesses are charging for the same type of work. You can often find prices on their websites or by getting a quote. Pay attention to prices for small and large jobs.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Understand Market Demand<\/b><span style=\"font-weight: 400;\">: In some areas, there may be higher demand for certain services. For example, if there are fewer plumbers in your area, you may be able to charge more. In competitive markets, however, you may need to price closer to your competitors to attract customers.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Knowing what others charge and what customers are willing to pay will help you price your services competitively.<\/span><\/p><p><b>3. Set a Reasonable Profit Margin<\/b><\/p><p><span style=\"font-weight: 400;\">After calculating your costs and researching competitors, the final step is to decide how much profit you want to make. Your <\/span><b>profit margin<\/b><span style=\"font-weight: 400;\"> is the percentage of money you keep after covering costs.<\/span><\/p><p><span style=\"font-weight: 400;\">Here\u2019s how to set a reasonable profit margin:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Plan for Business Growth<\/b><span style=\"font-weight: 400;\">: You need to make enough profit to grow your business and pay yourself. For example, if a job costs you $200 and you add a 25% profit margin, you would charge $250. That extra $50 is your profit to reinvest in your business.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Balance Profit and Customer Affordability<\/b><span style=\"font-weight: 400;\">: While you want to make a good profit, you also need to price your services at a level customers are willing to pay. If your prices are too high, you might lose customers. If they\u2019re too low, you may not make enough to sustain your business.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d276caf elementor-widget elementor-widget-heading\" data-id=\"d276caf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Add Up Your Numbers and Finalise Pricing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d27828a elementor-widget elementor-widget-text-editor\" data-id=\"d27828a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now that you\u2019ve gathered information on your costs, competitor pricing, and profit margin, it\u2019s time to put everything together to calculate your final price. Here you need to add up all your costs. Start by adding all the costs you calculated above, including fixed, variable, and hidden costs. Next, add your profit margin, and see how the overall pricing compares to competitors.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58874c9 elementor-widget elementor-widget-heading\" data-id=\"58874c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Use Tools to Make the Process Easier\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a5242f elementor-widget elementor-widget-text-editor\" data-id=\"2a5242f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To make calculating your final price faster and more accurate, consider using tools like pricing calculators:<\/span><\/p><p><a href=\"https:\/\/i4tbusiness.com\/au\/tools\/price-calculator\/\"><b>Pricing Calculators<\/b><\/a><span style=\"font-weight: 400;\"> designed for trade businesses allow you to input your costs and profit margin. It quickly generates a suggested price, saving you precious time.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67aa7bc e-con-full e-flex e-con e-child\" data-id=\"67aa7bc\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-2752392 e-con-full e-flex e-con e-child\" data-id=\"2752392\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4339ae0 elementor-widget elementor-widget-image\" data-id=\"4339ae0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"709\" src=\"https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2024\/10\/service-price-calculator.webp\" class=\"attachment-large size-large wp-image-11242\" alt=\"\" srcset=\"https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2024\/10\/service-price-calculator.webp 1000w, https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2024\/10\/service-price-calculator-300x213.webp 300w, https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2024\/10\/service-price-calculator-768x545.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f6f8ff e-con-full e-flex e-con e-child\" data-id=\"9f6f8ff\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4634e73 elementor-widget elementor-widget-heading\" data-id=\"4634e73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Free Tool<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51db451 elementor-widget elementor-widget-heading\" data-id=\"51db451\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Never undersell your service again!\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba08595 elementor-widget elementor-widget-text-editor\" data-id=\"ba08595\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Price for profitability with our Free Service Price Calculator.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe90702 elementor-align-left elementor-tablet-align-left elementor-widget elementor-widget-button\" data-id=\"fe90702\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/au\/tools\/price-calculator\/\" integrations=\"\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-arrow-right\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M190.5 66.9l22.2-22.2c9.4-9.4 24.6-9.4 33.9 0L441 239c9.4 9.4 9.4 24.6 0 33.9L246.6 467.3c-9.4 9.4-24.6 9.4-33.9 0l-22.2-22.2c-9.5-9.5-9.3-25 .4-34.3L311.4 296H24c-13.3 0-24-10.7-24-24v-32c0-13.3 10.7-24 24-24h287.4L190.9 101.2c-9.8-9.3-10-24.8-.4-34.3z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Try Now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cff241 elementor-widget elementor-widget-heading\" data-id=\"4cff241\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common Pricing Models for Trade Services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1dcc707 elementor-widget elementor-widget-text-editor\" data-id=\"1dcc707\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Choosing the right pricing model for your trade business is key to attracting customers while ensuring profitability. Here are four common pricing models used by trade businesses like plumbers, electricians, cleaners, handymen, etc, along with the pros and cons of each.<\/span><\/p><p><b>1. Flat Rate Pricing<\/b><\/p><p><span style=\"font-weight: 400;\">With flat rate pricing, you charge a fixed price for a specific job, regardless of how long it takes.<\/span><\/p><p><b>Pros<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Customers like the certainty of knowing exactly what they\u2019ll pay upfront, which can build trust.<\/span><\/li><li><span style=\"font-weight: 400;\">It simplifies your pricing, making it easier to quote jobs and avoid disputes over final costs.<\/span><\/li><li><span style=\"font-weight: 400;\">You can increase efficiency. If you finish a job quickly, you can move on to the next without reducing your income.<\/span><\/li><\/ul><p><b>Cons<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">If a job takes longer than expected, you may end up losing money.<\/span><\/li><li><span style=\"font-weight: 400;\">It requires a good understanding of how long jobs typically take to avoid underpricing.<\/span><\/li><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul><p><b>Best for:<\/b><span style=\"font-weight: 400;\"> Jobs that are straightforward and have predictable time frames, such as installing a water heater, installing LEDs, or replacing electrical outlets.<\/span><\/p><p><b>2. Hourly Pricing<\/b><\/p><p><span style=\"font-weight: 400;\">With hourly pricing, you charge customers based on the time spent on a job. This includes both labour and sometimes materials.<\/span><\/p><p><b>Pros<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">It\u2019s fair for both you and the customer when a job\u2019s duration is uncertain or complex.<\/span><\/li><li><span style=\"font-weight: 400;\">You won\u2019t lose money if a job takes longer than expected, as the price increases with time spent.<\/span><\/li><li><span style=\"font-weight: 400;\">It\u2019s flexible and can adapt to unexpected issues that arise during the job.<\/span><\/li><\/ul><p><b>Cons<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Customers may worry about the final cost if the job takes longer than they expect, leading to hesitation in hiring.<\/span><\/li><li><span style=\"font-weight: 400;\">Tracking hours and managing disputes about time worked can be challenging.<\/span><\/li><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul><p><b>Best for:<\/b><span style=\"font-weight: 400;\"> Jobs with unpredictable time requirements, like complex repairs or troubleshooting electrical issues.<\/span><\/p><p><b>How to set your hourly rate:<\/b><span style=\"font-weight: 400;\"> Consider your costs (labour, overhead, and materials) plus a reasonable profit margin. Research local competitors to ensure your rate is competitive in your area.<\/span><\/p><p><b>3. Value-Based Pricing<\/b><\/p><p><span style=\"font-weight: 400;\">With value-based pricing, you charge based on the perceived value of your service to the customer rather than the time or materials involved. This model focuses on the outcome or the benefit to the customer.<\/span><\/p><p><b>Pros<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">You can charge higher prices for services that provide significant value to the customer, like solving a major issue or offering specialised expertise.<\/span><\/li><li><span style=\"font-weight: 400;\">Customers may be willing to pay more if they feel your service offers unique benefits or guarantees.<\/span><\/li><\/ul><p><b>Cons<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">It\u2019s more difficult to determine the right price since it depends on how much value the customer places on the service.<\/span><\/li><li><span style=\"font-weight: 400;\">Some customers might prefer a clear breakdown of costs rather than paying based on perceived value.<\/span><\/li><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul><p><b>Best for:<\/b><span style=\"font-weight: 400;\"> Highly specialised or high-impact services where customers value your expertise, such as installing energy-efficient systems or providing premium maintenance packages.<\/span><\/p><p><b>4. Package Pricing<\/b><\/p><p><span style=\"font-weight: 400;\">Package pricing involves offering several services bundled together at a discounted rate. For example, a cleaning company might offer a package that includes regular house cleaning, window washing, and carpet cleaning.<\/span><\/p><p><b>Pros<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Encourages customer loyalty by offering more value at a lower cost, which can lead to repeat business.<\/span><\/li><li><span style=\"font-weight: 400;\">Simplifies pricing for customers who need multiple services and prefer the convenience of a bundled deal.<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Helps you increase overall revenue by selling more services at once.<\/span><\/li><\/ul><\/li><\/ul><p><b>Cons<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li><span style=\"font-weight: 400;\">You may earn less per service compared to charging individually, as you\u2019re offering a discount.<\/span><\/li><li><span style=\"font-weight: 400;\">Some customers may not need all the services in the package, making it less attractive to them.<\/span><\/li><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul><\/li><\/ul><p><b>Best for:<\/b><span style=\"font-weight: 400;\"> Attracting long-term customers or offering seasonal promotions, like plumbing maintenance packages or electrical safety inspections bundled with repairs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-755c653 elementor-widget elementor-widget-heading\" data-id=\"755c653\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">I\u2019ve Set My Pricing. What\u2019s Next?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5a128c elementor-widget elementor-widget-text-editor\" data-id=\"a5a128c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now that you&#8217;ve set your prices, it\u2019s time to put them into action.<\/span><\/p><p><b>i4T Business<\/b><span style=\"font-weight: 400;\"> job management software can help you streamline your operations and maximise efficiency. Here\u2019s how:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Create Accurate Quotes<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Input your costs and profit margins to quickly generate professional quotes, saving time and reducing errors.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Send Quotes for Approval<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Easily send quotes for instant client approval, speeding up the process and getting jobs started faster.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Manage Jobs Efficiently<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Keep all job details organised in one place, making scheduling and completion smoother.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>On-Site Invoicing<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Generate invoices on-site, directly from the system, ensuring fast invoicing and steady cash flow.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Collect Payments on the Spot<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Accept payments immediately after the job is done through various methods, ensuring you get paid promptly.<\/span><\/li><\/ol><p><span style=\"font-weight: 400;\">With <\/span><b>i4T Business<\/b><span style=\"font-weight: 400;\">, you can streamline your workflow and focus on growing your business. Start your <\/span><a href=\"https:\/\/i4tbusiness.com\/au\/pricing\/\"><span style=\"font-weight: 400;\">free trial<\/span><\/a><span style=\"font-weight: 400;\"> today!\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6042bee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6042bee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e05ad5\" data-id=\"7e05ad5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-84a6433 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"84a6433\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9d4852c\" data-id=\"9d4852c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dfc5c38 exclude-toc elementor-widget elementor-widget-heading\" data-id=\"dfc5c38\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Hot off the press!<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e321b9 elementor-widget elementor-widget-text-editor\" data-id=\"8e321b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tGet the latest industry news and articles delivered right to your inbox!\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-913b8b8\" data-id=\"913b8b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c5a946 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"1c5a946\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Subscription Form - 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We are driven by innovation and are passionate about delivering solutions that are transparent, compliant, efficient and safe for all stakeholders and across all touch points.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-305af64 e-grid-align-left elementor-shape-square e-grid-align-mobile-center elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"305af64\" data-element_type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook elementor-repeater-item-8cf7738\" href=\"https:\/\/www.facebook.com\/i4TGlobal\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span 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38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-repeater-item-cd09812\" href=\"https:\/\/www.instagram.com\/i4tglobal\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-instagram\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.1 141c-63.6 0-114.9 51.3-114.9 114.9s51.3 114.9 114.9 114.9S339 319.5 339 255.9 287.7 141 224.1 141zm0 189.6c-41.1 0-74.7-33.5-74.7-74.7s33.5-74.7 74.7-74.7 74.7 33.5 74.7 74.7-33.6 74.7-74.7 74.7zm146.4-194.3c0 14.9-12 26.8-26.8 26.8-14.9 0-26.8-12-26.8-26.8s12-26.8 26.8-26.8 26.8 12 26.8 26.8zm76.1 27.2c-1.7-35.9-9.9-67.7-36.2-93.9-26.2-26.2-58-34.4-93.9-36.2-37-2.1-147.9-2.1-184.9 0-35.8 1.7-67.6 9.9-93.9 36.1s-34.4 58-36.2 93.9c-2.1 37-2.1 147.9 0 184.9 1.7 35.9 9.9 67.7 36.2 93.9s58 34.4 93.9 36.2c37 2.1 147.9 2.1 184.9 0 35.9-1.7 67.7-9.9 93.9-36.2 26.2-26.2 34.4-58 36.2-93.9 2.1-37 2.1-147.8 0-184.8zM398.8 388c-7.8 19.6-22.9 34.7-42.6 42.6-29.5 11.7-99.5 9-132.1 9s-102.7 2.6-132.1-9c-19.6-7.8-34.7-22.9-42.6-42.6-11.7-29.5-9-99.5-9-132.1s-2.6-102.7 9-132.1c7.8-19.6 22.9-34.7 42.6-42.6 29.5-11.7 99.5-9 132.1-9s102.7-2.6 132.1 9c19.6 7.8 34.7 22.9 42.6 42.6 11.7 29.5 9 99.5 9 132.1s2.7 102.7-9 132.1z\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-cef7b35 elementor-widget elementor-widget-text-editor\" data-id=\"cef7b35\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tRecent articles that may interest you as well..\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-058ad48 elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"058ad48\" data-element_type=\"widget\" data-settings=\"{&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-18618 post type-post status-publish format-standard has-post-thumbnail hentry category-blog\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" 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href=\"https:\/\/i4tbusiness.com\/au\/how-to-manage-multiple-jobs-for-tradies-a-practical-guide-to-efficient-team-management-in-trade-business\/\">\n\t\t\t\tHow to Manage Multiple Jobs for Tradies: A Practical Guide to Efficient Team Management in Trade Business\t\t\t<\/a>\n\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-18606 post type-post status-publish format-standard has-post-thumbnail hentry category-blog\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/i4tbusiness.com\/au\/how-to-reduce-no-shows-and-cancellations-in-service-based-businesses\/\" tabindex=\"-1\"><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"157\" src=\"https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2026\/04\/All-Cover-images-30-1-300x157.webp\" class=\"attachment-medium size-medium wp-image-18702\" alt=\"How to Reduce No-Shows and Cancellations in Service-Based Businesses\" srcset=\"https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2026\/04\/All-Cover-images-30-1-300x157.webp 300w, https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2026\/04\/All-Cover-images-30-1-1024x536.webp 1024w, https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2026\/04\/All-Cover-images-30-1-768x402.webp 768w, https:\/\/i4tbusiness.com\/au\/wp-content\/uploads\/2026\/04\/All-Cover-images-30-1.webp 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Blog<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<p class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/i4tbusiness.com\/au\/how-to-reduce-no-shows-and-cancellations-in-service-based-businesses\/\">\n\t\t\t\tHow to Reduce No-Shows and Cancellations in Service-Based Businesses\t\t\t<\/a>\n\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What Is Service Pricing? Service pricing is the process of deciding how much customers will pay for a service. For<\/p>\n","protected":false},"author":2,"featured_media":11307,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"site-sidebar-layout":"left-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_title":"A Complete Guide to Service Pricing for Small Trade Businesses","rank_math_description":"Discover the essentials on service pricing in our complete guide to service pricing for small trade businesses guide. Checkout the tool today!","rank_math_focus_keyword":"Guide to Service Pricing for Small Trade Businesses","footnotes":""},"categories":[1],"tags":[],"class_list":["post-11305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/posts\/11305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/comments?post=11305"}],"version-history":[{"count":0,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/posts\/11305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/media\/11307"}],"wp:attachment":[{"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/media?parent=11305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/categories?post=11305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/i4tbusiness.com\/au\/wp-json\/wp\/v2\/tags?post=11305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}