Stop Losing Money/ The Plumber’s Guide to Calculating Your True Day Rate.
Between the unpaid boiler diagnostics, the 45-minute drive to the trade counter for a 50p washer, and the constant cycle of paperwork, many plumbers are working 12-hour days but taking home pay for only 7. If you are not accounting for your travel time, van maintenance, and admin, you are likely charging significantly less than what you actually need to sustain your business.
Every hour you spend off the tools is an hour of “Revenue Loss.” When you look at your invoices, it is easy to see the profit, but it is much harder to see the costs that are silently eating your margins. Most sole traders undercharge because they only calculate their “on-tool” time, forgetting to factor in the overheads, holidays, and sick days that are essential to a sustainable trade business.
If that number surprised you, it is time to reassess your pricing structure. Use the calculator above to ensure your next invoice actually reflects the value and expertise you bring to your customers.
Working in another trade? See our guide for Electricians.