If you are entertaining the idea of becoming an electrician, you might be wondering how to best make money with that craft. In this post, we will address some of the best ways for you to do so. But before we get into how to make money as an electrician, let’s address some historical reputations of the electrician industry.
As victims of bad press, electricians carry a certain stigma or at least feel like they do. They may feel like everyone is out to get them, but in reality, there are plenty of ways to make a good, honest living as an electrician. Most jobs require electricians to help their clients, and in doing so make their lives less stressful and, thereby, easier.
If you are looking to get into a field that is centered around helping millions of clients every year, then you might want to keep reading about how to make money as an electrician. Here are Top 30 Profitable Ideas for doing so.
How To Make Money As An Electrician
1. Offering Home Electrical Inspection Services:
Because there are thousands of house fire cases started by faulty wiring, new homeowners are almost always advised by their real estate agents to have their homes inspected for potential wiring issues. This opens up a lot of opportunities for electricians to make money through the conduction of these inspections, ensuring that the wiring is up to code and the residents are safe to go about their lives in the home without worrying about electrical hazards.
The inspections help detect potential problems before they become much bigger issues for the homeowner. If you are qualified to perform these inspections, you can get started in doing so with relative ease since marketing your services and acquiring clients is not that challenging.
Since your services will always be in demand, you can perform inspections for residential and commercial properties. These clients may invite you back in the future to handle electrical issues. You could even be hired to install security systems.
2. Become A Master Electrician Through Continuing Education:
By constantly staying updated on the relevant trends and changes in the electrical industry, your skills will grow more invaluable to your clients, and you will be considered for new employment positions. Some projects may require a higher level of education or certification which will necessitate attending some continuing education courses in order to maintain an electrician’s license.
Electrical licensing demands and requirements vary between states, so it is advised to contact the licensing board in order to assure that you have covered all your bases. But license attainment or maintenance is not the only reason you would want to continue your educational growth as an electrician.
By becoming a master electrician, you can open more opportunities in the field, including the ground-up design of electrical systems. That, in addition to the fact that you will have surpassed many others in your field in knowledge, will make you far more in demand, allowing you to be paid handsomely for your expertise.
3. Power Cable Installation:
One area where electricians are always needed is in the cable installation sphere when one considers that new construction and remodeling projects always include this in their project scopes. The wiring needs to be run for heat, electrical, and power in many different facets of operation, making electricians who know how to perform these tasks highly coveted. That means there is a lot of money to be made through possessing such skills.
This is great work for organized electricians who are good about keeping to deadlines with their projects. To perform cable installations, one needs to be intimately familiar with local ordinances and building codes. Since your particular area of operations may require particular licensing, it is important to stay on top of any qualifiers and certifications needed to legally and safely operate.
Some may regard power cable installation as unappealing work, but it is actually quite popular among electricians as it pays very well. Electricians can charge as much as $50 per hour for cable installation work, and that kind of money adds up quite quickly.
4. Electrical Supplies Sales:
Electricians with the right business skills can make a good profit from selling electrical supplies to clients or other electrical professionals, including various wires, fittings, fuses, breakers, and other electrical essentials. Each supply type has different profit margins. You would purchase them at wholesale costs, then resell the supplies with a markup. You can use Shopify (Sign up for a free trial and enjoy 3 months of Shopify for $1/month on select plans) to sell them.
Since everyone needs electrical supplies at one time or another, sales of them are a great way to add to the income of any qualified electrician. If you want to sell electrical supplies, but don’t feel you can manage the time between that and your jobs, you can hire a third party to sell them on eBay.
5. Offer Services to Local Businesses:
You can make extra money as an electrician by offering your services to local businesses. You can start by calling local businesses and inquiring about their electrical needs, then asking them if they have someone that they go to when they have electrical issues of concern. If they do not, offer to provide them with your services, offering for them to contact you directly when they need help.
You can also offer to supply them with additional services. Perhaps you can install additional outlets in their place of business or replace their parking lot lighting with energy-efficient variations. You can install light switches, and fixtures, or repair existing ones. Here are a few additional services you can offer in such situations:
- Installation of motion sensor lighting systems
- Finding, isolating, and repairing defective wiring and poor electrical connections
- Electrical switch and outlet repair
- Setting up lighting for a home
- Repairing faulty lights
- Fire alarm inspection
- Fuse/surge protector installs
All of these will not only help your clients but also earn you additional revenue through your electrician skills.
6. Home and Office Wiring and Rewiring Services:
Few can survive in the modern age without electricity, and for many people, if you have the know-how of wiring a plug or changing a light switch, you can be their go-to electrician. As a licensed electrician, you could offer wiring/rewiring services to your clients whether they are residential or commercial.
These are some of the most frequently offered electrical services, so from a business perspective, this is where money can really be made. This is especially true if you consider that wiring jobs are some of the most expensive that can be done in a home. To rewire a small shop, a client could pay as much as $3,000. To rewire an entire house would be thousands beyond that.
With such costs, you may think these jobs would be infrequent, but the demand for electricians specifically for these types of services is quite significant. You can help friends, neighbors, and family with basic electrical wiring problems that they may experience with their electrical circuitry.
7. Teach Electrical Safety And Health Courses At College Or School:
As an electrician, you can appreciate learning the craft more than most. As someone who is experienced, you have a good sense of how to teach aspiring electricians to help them become experts. You have likely learned many safety lessons which you can offer to teach as an electrical safety course at a local school or college.
Not only is teaching a good way to make money, but it also allows you to impart your knowledge, give back, and assure that you are helping to usher in another generation of electricians who you have the comfort of knowing were taught properly. You can reach out to local colleges or trade schools, or even elementary schools. Even young children can use a course in electrical safety.
The courses are a great way to supplement an electrician’s income and are also a terrific way to promote your services. Through teaching these courses you can gain the trust of prospective customers and grow your customer base. Alternatively, you can share your skills through various online platforms that offer a variety of courses such as Digital Class, Udemy, Skillshare, Thinkific, Ruzuku, LearnDash, Kajabi, and Podia.
8. Servicing High-End Older Homes:
Many older homes have especially delicate electrical features and need the expertise of someone who knows what they are doing. One of the biggest problems with older homes is that they have a lot of outdated problems, with electrical being one of the primary ones in that regard. Their wiring is almost always antiquated and clients looking to keep their homes safe are typically looking to upgrade the entire home’s system.
Most of the clients that own larger high-end homes that are older tend to be of above-average means, so they would be willing to pay more for the job.
Professionals who can choose their location can do great in areas where there are a lot of older structures. Not only does the cost of service tend to be a benefit of such an area, but the compensation rate for the various jobs and projects also tends to be higher.
9. Electrical Emergency Services:
It can be tricky to figure out where to start one’s business as an electrician, so one of the best moves to make is to offer support for electrical emergency services. Not only are these services highly coveted, anyone with a service-based business can perform them. Emergency services include helping out clients who experience electrical fires, power outages, and other calls with a pressing timeline that affect someone’s family residence or business.
A problem might seem minor on its face, but since you never know when someone will be using a particular device or an appliance, the electric operation could be compromised. If you can solve the problem quickly without much of a hassle, you could make good money from your experience and expediency. Just imagine how valuable you would be as a resource to your clients if you could help quickly address their pressing electrical problems regardless of the hour of the day.
10. Offer Handyman Services:
Many electrical services go hand-in-hand with other service types, so some electricians offer handyman services to go along with their electric expertise to businesses and homeowners. These additional services can include flooring, carpentry, and a variety of other services like gutter cleaning, door setup, fence installation, and many others. Rather than looking to multiple businesses for the work, clients would be happy with a one-stop shop.
This will result in many clients being willing to pay top dollar for the lack of hassle of needing to find various contractors for the work. You could offer additional services on the weekends which could be a great way to supplement your electrician’s income.
11. Create A virtual marketplace:
A virtual marketplace connecting clients with local electricians is an online platform that allows clients to quickly find and connect with professional electricians in their area. This marketplace provides a convenient solution for clients looking for electrical services, as they can easily browse and compare electricians based on their ratings, reviews, and prices. The platform also allows electricians to showcase their skills, experience, and portfolio, making it easier for them to reach new clients and grow their businesses.
12. Develop and sell electrical design software:
Developing and selling electrical design software or tools involves creating software programs or tools to assist electrical engineers and designers in designing and planning electrical systems. These tools are used to automate tasks, reduce errors and improve the efficiency of electrical design projects.
They are designed to be user-friendly and allow for easy collaboration among team members. The market for electrical design software and tools is large, with many businesses and organizations looking for ways to improve their electrical design processes.
By developing and selling these products, companies can help customers save time and money while improving the accuracy of their electrical design projects. The market for electrical design software and tools is constantly growing and evolving, presenting opportunities for companies to innovate and lead the market.
13. Offering online support:
Offering online support and troubleshooting services for electrical issues is valuable for those needing help with their electrical systems. This service provides a quick and convenient way for customers to receive assistance with any electrical issues they may be experiencing. Customers can access the service through a website, email, or phone call and receive assistance from experienced and knowledgeable technicians.
The online support and troubleshooting service can help customers save time and money by avoiding the need for a costly on-site visit. This service can also improve customer satisfaction by providing a fast and easy solution to their electrical issues. By offering this support, companies can differentiate themselves from competitors and provide valuable customer service.
14. Create an online platform for booking and managing electrical services:
An online platform for booking and managing electrical services provides a convenient and efficient way for customers to schedule and manage their electrical service needs. Customers can easily find and compare electricians, view availability, and book appointments online. The platform also allows electricians to manage their schedules, accept or reject booking requests, and communicate with customers.
This platform streamlines the process of booking and managing electrical services, saving customers time and effort, and providing electricians with a tool to manage their business more effectively.
15. Offer online training and certification programs:
Offering online training and certification programs for electricians provides an accessible and flexible way for electricians to gain new skills and certifications. These programs cover a wide range of electrical topics, from basic electrical knowledge to advanced techniques, and are designed to meet the needs of electricians at all levels of experience.
The online format allows electricians to learn at their own pace, on their own schedule, and from anywhere with an internet connection. The programs also provide electricians with a cost-effective way to gain certifications, as they are often more affordable than traditional in-person training programs.
16. Provide online support:
Providing online support and resources for DIY electrical projects helps people tackle electrical projects on their own. These resources can include tutorials, guides, videos, and FAQs to help DIYers plan and complete their electrical projects with confidence.
The online support can also provide a platform for DIYers to ask questions, share experiences, and receive feedback from experienced professionals. By offering this type of support, companies can help people save money and learn new skills by taking on electrical projects themselves. This can also create new opportunities for businesses to sell electrical supplies and tools, as DIYers will need these items to complete their projects.
17. Start an electrical contracting business:
Starting your own electrical contracting business involves creating a company that provides electrical services to customers. This can include installing, repairing, and maintaining electrical systems for homes, businesses, and other organizations.
To start an electrical contracting business, you will need to obtain the necessary licenses and certifications, as well as develop a business plan and secure funding. You will also need to build a team of skilled electricians and support staff, and establish a strong network of suppliers and customers.
18. Offer specialty services:
Offering specialty services like solar panel installation or LED lighting upgrades involves providing specialized electrical services that cater to specific customer needs. Solar panel installation involves designing, installing and maintaining solar panels to generate renewable energy. LED lighting upgrades involve replacing traditional lighting with energy-efficient LED lights. These services require specialized knowledge and training, and often appeal to customers looking for energy-saving and environmentally friendly solutions.
This service involves being available to customers at all times, including weekends and holidays, to provide prompt and efficient repair services in the event of an electrical emergency. This is a critical service, as electrical issues can cause significant disruptions to homes and businesses and pose safety risks.
19. Offer 24/7 emergency repair services:
By offering 24/7 emergency repair services, companies can differentiate themselves from competitors and establish a reputation for reliability and responsiveness. This type of service also helps to improve customer satisfaction and can increase revenue by providing customers with a trusted and convenient solution to their electrical needs.
20. Partner with home builders for new construction projects:
Partnering with home builders for new construction projects involves working closely with builders to provide electrical services for new construction projects. This can include installing electrical systems, wiring, and lighting in newly constructed homes and buildings. By partnering with home builders, electrical companies can establish a steady stream of work and build strong relationships with builders in the local community.
The collaboration can also lead to additional opportunities for business, as builders often require electrical services for remodels, upgrades, and other projects. Working with home builders also helps to ensure that electrical systems are installed correctly from the start, reducing the risk of future issues and improving the overall quality of the construction project.
21. Offer freelance services:
Offering freelance services to other contractors involves providing electrical services on a contract basis to other companies in the construction industry. This type of arrangement can benefit electrical contractors by providing them with additional work and revenue, as well as the flexibility to work on a project-by-project basis. For other contractors, freelance services provide access to skilled and experienced electrical professionals, without the need to hire and manage full-time staff.
Freelance services can include installing electrical systems, wiring, lighting, and more. By offering freelance services, electrical contractors can build a reputation for their expertise and quality of work, and establish a network of connections in the construction industry.
22. Online marketplaces:
Online marketplaces provide a centralized platform for contractors to showcase their services, reach a large audience, and receive leads from interested customers. By creating a profile on these marketplaces, electrical contractors can reach a wider audience and find new clients who are searching for their services.
Utilizing online marketplaces is an effective way for electrical contractors to grow their business, reach new customers, and increase their revenue. These platforms also offer a variety of tools and resources, such as lead tracking, customer reviews, and marketing support, to help contractors manage and grow their business.
23. Electrical vehicle charging station installation:
Expanding services to include electrical vehicle charging station installation involves adding a new service offering to install charging stations for electric vehicles. This involves working with customers to design and install charging stations, as well as offering maintenance and support services for these stations.
This type of service is in high demand, as the number of electric vehicles on the road continues to grow, and owners are looking for convenient and reliable charging solutions. By expanding services to include electrical vehicle charging station installation, electrical contractors can differentiate themselves from competitors, and tap into a growing market.
24. Offering electrical inspection services:
Offering electrical inspection services for home sales involves providing electrical inspections to help ensure that homes are in compliance with safety standards and regulations. This type of service is in high demand, as home buyers and sellers often want to ensure that electrical systems are in good working order, and that there are no potential safety hazards present.
Electrical inspectors will examine a home’s electrical systems, including wiring, outlets, and lighting, and provide a report detailing the condition of these systems and any necessary repairs or upgrades.
By offering electrical inspection services for home sales, electrical contractors can differentiate themselves from competitors, and tap into a growing market. This type of service can also help to increase revenue, as customers are often willing to pay for a comprehensive electrical inspection.
25. Creating an electrician website:
Creating a website and actively marketing services through online advertising involves building an online presence to reach potential customers and promote services. This includes creating a website that showcases the company’s services and expertise, and using online advertising to reach a wider audience. Online advertising can include using search engine advertising, social media advertising, and display advertising to target potential customers and drive traffic to the website.
Use tools like HostGator, Namecheap, Aweber, and Elegant Themes to create a professional website and market services through online advertising. Reach potential customers, build brand awareness, and grow the business.
26. Utilize social media to reach new customers:
Utilizing social media to reach new customers and showcase services involves using platforms like Facebook, Instagram, and Twitter to promote services and reach a wider audience. This can include creating a business page, posting about services, and engaging with potential customers. Social media is a powerful tool for reaching new customers, as it allows businesses to reach a large, targeted audience and build a strong online presence.
Use Tailwind to reach new customers on social media and showcase services effectively. Schedule and automate posts for efficient promotion and maximize reach.
27. Offering lighting design:
This can include designing and installing unique lighting setups to enhance the look and feel of an event space, as well as providing ongoing support and maintenance throughout the event. Offering lighting design and installation services for special events can be a lucrative opportunity for electrical contractors, as it allows them to tap into a growing market and provide a high-value service to clients.
28. Outdoor electrical work:
This can include installing lighting, electrical outlets, and other electrical fixtures in these areas to enhance their functionality and usability. By expanding services to include outdoor electrical work, electrical contractors can provide a more comprehensive range of services to clients, and tap into a growing market for outdoor living spaces.
With the increasing popularity of outdoor living areas, electrical contractors can use their expertise in electrical design and installation to provide custom solutions that meet the unique needs of clients.
29. Offering fire alarm and smoke detector installation:
Offering fire alarm and smoke detector installation and maintenance involves providing services for the design, installation, and maintenance of fire alarms and smoke detectors. This includes assessing the needs of clients, designing and installing fire alarms and smoke detectors that meet local codes and regulations, and providing ongoing maintenance and support to ensure that these systems remain in good working condition.
Offering fire alarm and smoke detector services is an important aspect of electrical contracting, as it helps to ensure the safety of clients and their properties. With the increasing emphasis on fire safety, electrical contractors who offer fire alarm and smoke detector services are well positioned to provide a valuable service to clients, and tap into a growing market for fire safety services.
30. Partnering with electrical suppliers:
Partnering with electrical suppliers to offer bulk installation discounts to clients involves forming relationships with suppliers of electrical materials and equipment, and leveraging these relationships to provide cost-effective solutions to clients. This can include negotiating bulk purchase discounts on electrical materials, and passing these savings on to clients in the form of installation discounts.
By partnering with electrical suppliers, electrical contractors can offer their clients more cost-effective solutions, and differentiate themselves from competitors who do not have these relationships.
How To Make Money As An Electrician Conclusion:
Don’t be fooled by the ugly-sweater electrician. You can make plenty of money in this highly in-demand career, and there are even more ways to supplement your income if you are willing to work hard and learn the ins and outs of an electrical panel. If you start selling electrical supplies or apply any additional handyman skills in tandem with your electrical work, you will start making money very quickly, If you have a full-time job as an electrician, consider one or two side businesses you can run to give you some additional ways to make money.
Don’t miss out on the opportunity to turn your entrepreneurial dreams into a reality. Check out our next article on the top 30 profitable business ideas that can be started with 10k or less. Get inspired and take the first step towards financial independence today!
Frequently asked questions:
How much can you earn as an electrician?
A typical full-time electrician averages about $25 per hour for their services, or about $52,000 per year. At the lower end of the scale, electricians collect $15 per hour ($32,000 annually) while in the highest 10%, they earn around $43 per hour (or $90,000 annually).
Are there ample opportunities for electrician-related services?
There are a ton of opportunities for a professional electrician irrespective of them being commercial, industrial, or residential.
Do you need to finish school to be an electrician?
In the US finishing school is not a requirement to learn the trade of being an electrician. You only need a GED or a high school diploma and must be 18 years of age. Of course, prospective electricians need to adhere to the necessary safety standards and fully comprehend the risks involved in working in a profession that deals with electricity.
I’m Thomas, founder of Genie Dollars, a platform sharing proven strategies for making money online. With experience in affiliate marketing, print-on-demand, and freelance writing, I aim to inspire and guide others toward financial freedom through online entrepreneurship.
