Understanding Why Hourly Rates Don't Apply

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As a Tradesman is it Better to Price by the Job, or Work Hourly? Master Electrician Advice, Thoughts

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What happens here

The video opens with an electrician son asking his father how to respond to a customer inquiring about an hourly rate. The father explains that it's challenging to provide a single hourly rate due to the vast differences in job complexity. He contrasts a demanding task, like running 4-inch conduit and pulling 750 MCM (thousand circular mils) wires 50 feet in the air, with a simpler task, such as installing a residential receptacle on 14/2 cable. This illustrates that various jobs require significantly different levels of skill, time, and effort, making a fixed hourly rate impractical and potentially unfair.

Goal: Articulate reasons why a single hourly rate is not suitable for diverse tradesman work.

What they say

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So, somebody asked me my hourly rate. What should I tell them? >> You really have to say, "Well, ma'am, it's hard to say what our hourly rate is because it depends on the work that we're doing." I mean, hourly rate for us to [music] run 4-in conduit pulling in 750 MCMs at [music] 50 ft in the air. Okay. >> Is certainly going to be different than installing a residential receptacle on 142 [music] cable. >> Yeah. >> So, you really have to say, "Well, ma'am, we really don't work by the hourly [music] rate. We work by the job.

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