Tradies income takes 20% hit but hope is not lost
Posted: Thursday, May 2nd, 2024
A report from insurance provider Simply Business reckons that tradespeople’s revenues dropped by nearly 20% between 2022 and 2023. Joining Chance Litchfield (in for Clive Holland this week) the host of the Roofing Show on Fix Radio, Danny Madden cautioned fellow trade businesses to “try not to panic too much… it will pick up.” Slower periods can always be put to good use, to sort the van out and check-in on clients. “Don’t wait for the phone to ring. Ring them up about maintenance work, and next thing you’re doing a loft conversion,” he said. Dean Saxton also joined the show admitting that he has made very small profit this year. “Last year was good,” he said. Despite a slower period he advised he is determined not to drop his prices. “Don’t start dropping your prices to try and get work… just keep doing your best” he said. Listeners also shared their views. Messaging in, Kevin Paige said “having to work harder to win work when clients ask for a labor/materials breakdown only to share with someone else to beat us is a bit much.” While some tradespeople struggle to stay busy, others still have a full schedule. Stephen Alex told Chance that as repair/maintenance workers, work has been consistent. “We do all the small stuff that nobody else wants to do,” he said. Listen to the full show below:
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