How Much Does an Electrician Make Per Hour?
According to Indeed, the average electrician salary is $25.95 per hour. This is equivalent to around $50,000 per year, but it might be more or less depending on how many weeks the electrician takes off and how many hours they work every week. Newly qualified professionals usually earn the least, often under $25 per hour, while those who have been working for ten or more years might earn over $30.
The average salary also depends on the area, since electricians aren't paid the same amount in each state. The states with the highest salaries are Alaska, North Dakota, Massachusetts, and Connecticut. On the other hand, you'll earn less than 85% of the median salary in states like Indiana, Ohio, Florida, Georgia, and Mississippi.
How to Increase Your Electrician Salary
Although the average salary gives you a good indication of what you could earn in the future, it's not set in stone. In fact, there's a lot you can do to influence how much you earn. For example, you can strategically choose the company you work for or start your own business and hire others to work for you. You can also specialize in a certain field, become a master electrician, or move to an area where the demand for electricians is high.
Work for the Right Company
Not every company can offer you the same salary. Many small businesses are unable to pay a high wage because they are struggling to stay in business, especially with the rising cost of living. Larger firms don't have this problem because they are more established, and they can benefit from economies of scale. For this reason, it's easier for big companies to offer you a better benefits package and sometimes even a higher salary.
However, it's important to remember that this isn't always true, and there could be highly profitable small businesses in your area that can pay you a great hourly wage. When looking for work, browse various job boards and apply to a wide variety of positions. That way, you have the best chance of getting the high-paying job you deserve.
Start Your Own Business
No matter how much your employer pays you, you'll always be limited by your hourly wage. This isn't the case when you start your company. You'll be able to set your own rate and keep all the money from your customers instead of passing most of it on to your boss. What's more, you can hire people to work for you, so you'll get paid even when you're not at your customers' houses yourself.
Although starting a small electrical company can be a great way of increasing your income and professional success, it also comes with a lot of work and responsibility. This can be daunting at the beginning, so make sure that you are ready. Most people prefer to work for another company right after they qualify, but they might set out on their own after a few years.
Minimize Your Expenses and Increase Your Efficiency
As a self-employed electrician or the owner of a small business, you can only earn a high income if you minimize your expenses and work very efficiently. A great way of improving your company's bottom line is by getting home service software. The best programs can take on a wide variety of tasks. Not only will they help you manage your schedule more easily, but they will also automate your social media posts and store all your customers' data. What's more, the best software allows you to easily create a quote and then transform it into a work order for your employees and an invoice for your customer. That way, you can save time, and you might not have to hire any administrative staff.
Advertise Well
If you want your business to take off, you have to advertise a lot. While you might have some success with billboards, newspaper ads, and flyers, most people use digital marketing techniques nowadays. Setting up a search-engine-optimized website and regularly posting on social media can position you as a thought leader in your field, and it helps you to attract customers of all age groups.
Home service software allows you to audit your website, and it can automate your social media posts, so you don't have to spend time updating each of your accounts several times a day.
Specialize in a Certain Field or Become a Master Electrician
General electricians usually earn less than those who have completed advanced courses and specialized in a certain field. After you've gained some experience, you can decide whether you'd like to specialize. You can do extra certifications in commercial installations, highway systems, electrical machines, or vehicles.
You could also become a master electrician and take on apprentices. The average salary of a master is over $37, so it is significantly higher than that of a regular electrician.
Choose the Right Location
If you're not already settled somewhere, you could consider moving to an area where electricians earn a particularly high salary. However, it's important to consider the cost of living as well as your salary. Some places might be extremely expensive, so the extra money you earn will be swallowed up by the high costs.
Whenever possible, speak to other local electricians to find out whether they are happy with their earnings in relation to their expenses. The average electrician salary is between $25 and $26. However, there are several ways of increasing your income in this profession. You can choose the right employer, start your own business, advertise a lot, specialize, and work in an area where there is a lot of demand.
Contact us at ServiceBox to find out more about our software and how it could help you become more efficient.
