Step 1: Annual fixed costs. Add up insurance (£400), scheme registration (£500), van costs including fuel, insurance, and maintenance (£5,000), tool maintenance and calibration (£500), accountancy (£800), phone and software (£600), clothing and PPE (£300). Total: approximately £8,100 per year.
Step 2: Billable days. Assume 230 working days minus 25 days holiday, 5 days training, and 10 days for admin, quoting, and non-billable work. That leaves approximately 190 billable days.
Step 3: Daily overhead. £8,100 divided by 190 = £42.60 per day just to cover your costs before you earn a penny.
Step 4: Add your day rate. A qualified electrician in the UK typically charges £200 to £300 per day depending on location and specialism. Add this to your daily overhead: £42.60 + £250 = £292.60 per day minimum.
Step 5: Materials markup. Add a 15% to 25% markup on materials to cover your time sourcing, collecting, and carrying them. This is standard practice across all trades.
Leveraging Social Proof from Day One
Social proof — reviews, testimonials, and visible evidence of your work — is the most powerful marketing tool for a local electrician. Start collecting it from your very first job.