Inflation Is Rising So Should Your Rates Free Pricing Calculator Inside - Ep 312
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When was the last time you actually reviewed your pricing?
Download for Free - Our Tradie Pricing Calculator: https://upscale-coaching.com/pricing-calc-podcast-v1
In this episode of the UpScale Business Podcast, Mitch sits down with Lucy from our accounting team to talk about inflation, rising costs, and how trade business owners can price with confidence.
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Hear from tradies who’ve done it, and learn what it really takes to grow a successful trade business. https://www.upscalecoaching.com.au/success-stories/
Connect with the hosts on Instagram
@erinaroxx
@mitchvan_
Material costs are creeping up. Wages are increasing. Overheads are climbing. And for many tradies, pricing still feels like a guess instead of a clear, calculated number.
This episode breaks down why pricing should never be based on emotion. It should be based on maths.
You will learn
• How to calculate your true hourly break even rate
• Why most tradies are undercharging without realising it
• How to factor in overheads, non billable time, and staff efficiency
• The real cost of discounting your price by 10 percent
• Why confidence in pricing starts with knowing your numbers
• How inflation silently eats into your profit margins
Mitch walks through simple pricing maths that any electrical, plumbing, building, or trade business owner can apply immediately. The team also talks about the mindset side of raising your rates, why the fear usually comes from inside the business, and what actually happens when you increase your prices properly.
If you have ever avoided reviewing your hourly rate, felt awkward putting prices up, or worried about losing work, this episode will give you clarity and practical steps to fix it.