:INFO Pricing and Quoting Jobs as a Solo Tradesperson Confident, profitable pricing starts with knowing your true hourly cost. Add materials, overhead, and a margin before quoting. A clear written quote protects you and sets customer expectations. :COUNTER.half | :COUNTER.half :PATH Estimate Costs Calculate your true hourly cost: desired annual salary divided by billable hours, plus overhead per hour. Add materials at cost plus 15 to 25 percent markup. Never guess on materials costs. :PATH Write the Quote Use a quote template with your business name, job description, itemized costs, timeline, and payment terms. Send as a PDF. Include a clear acceptance process and expiry date. :PATH Invoice and Follow Up Invoice immediately on job completion. Offer bank transfer and card payment. Set net 7 payment terms for residential. For commercial clients start at net 15 and adjust based on payment history. :CHECKLIST Pricing Setup Checklist [ ] Calculate your true hourly rate including all overhead [ ] Create a materials markup policy and document it [ ] Build a quote template in Google Docs or a free tool like Invoice Ninja [ ] Set payment terms and add them to every quote [ ] Open a business bank account separate from personal [ ] Track every quote sent and its win or loss outcome [ ] Review your pricing every 6 months against costs and market rates :NOTE Raise your prices before you need to. Most solo tradespeople are undercharging for years before a cash crisis forces the conversation. Steady small increases are easier to absorb than a sudden large jump.