Showerthought: I raised my shop rates by $15 an hour and lost 2 customers, but made $400 more

Jennifer Wood · 2026-10-04T10:45:03.456425+00:00

I run a small electrical shop and kept my rate at $85 an hour for almost 3 years because I was scared of losing people, then my wife pushed me to try $100. Two regulars left, but the jobs I kept paid better and I picked up a builder who books me steady, so my take-home jumped about $400 a month. For the folks running their own thing, how did you know when to raise prices instead of just eating the cost?

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Showerthought: I raised my shop rates by $15 an hour and lost 2 customers, but made $400 more | Business And Finance - SMM Buzz