How do I know when it’s time to raise my prices?
Watch your actual job contribution
If completed jobs consistently produce less contribution per productive hour than the business requires, current pricing deserves review.
Recheck costs that have changed
- Materials and supplier pricing
- Insurance
- Fuel and vehicle costs
- Wages or subcontractor costs
- Rent, software and administrative overhead
Capacity pressure is another signal
If you are consistently booked beyond what you can reasonably deliver, pricing may not be the only issue—but it is worth checking whether the work you are accepting is producing enough contribution for scarce calendar capacity.
Raise prices based on math, not fear or guesswork
Review the minimum the business needs, compare that target with actual jobs, and update estimates where the numbers no longer work. Some services may need a larger adjustment than others.
Keep scope and price connected
If a customer cannot support a higher price, changing scope, materials, timing or service level may be more sustainable than quietly absorbing the difference.
Use your own numbers
JJL Business Tools turns these ideas into practical targets using your actual costs, time and income goals.
Track actual job results