News & Events

December 16, 2019

5 Ways to Make More Money as an Electrician

5 Ways to Make More Money as an Electrician | IEC Greater Cincinnati

You might love working as an electrician, and you might make a decent income right now. You could be wondering if you could bring in an even better income for yourself and your family, though. These are a few possible ways that you can make more as an electrician.

Take Continuing Education Classes

To maintain your electrician’s license, you may be required to take continuing education classes. These requirements vary from state to state, so contact your state’s licensing board to find out what you need to do.

Of course, taking continuing education classes has more benefits than just allowing you to renew your electrical license. You can stay up-to-date on the newest safety guidelines, building codes, and more. Additionally, you can add your continuing education classes to your resume. This could help you qualify for better jobs, or it might help you qualify for a raise at your current job.

Start Your Own Business

Of course, if you are new to the electrical industry, you may not be ready to branch out on your own. However, if you have plenty of experience and have long dreamt of being your own boss, now might be a good time to start thinking about starting your own business.

Running your own business comes with risks, and you’ll need start-up capital. In the long run, though, you can focus your time and effort on building your business. In time, you may find that your business is much more profitable than working for someone else.

Starting your own business is not something that you should rush into. If you weigh out the pros and cons, look into options for funding your new business, and make a business plan, though, you could make your dream a reality.

Regularly Look for Other Employment Opportunities

Even if you are happy with your current job, keep an eye on the job listings that come up in your area. This is the best way to find out about opportunities that might be better for you.

If you’re currently an apprentice and don’t feel like you will be moving up in your current job anytime soon, for example, you might want to look for another company to work for. If you have some experience and see that a supervisory position comes up with another company, you could find that switching jobs is the right choice for you.

Ask for a Promotion or Raise

Many people are nervous about asking their employers for promotions or raises. If you have been putting in a lot of hard work at your current job, now might be the time to have a talk with your boss. Mention reasons why you think you deserve an increase in pay, such as if you have been supervising other electricians on job sites lately. You might be surprised by how your boss will respond.

Change Specialties

You may find that changing specialties within the electrical industry will help you make more money. For example, working on commercial or industrial jobs could help you boost your income over doing small residential jobs.

Becoming qualified to work with high-voltage electrical wiring and equipment could also help you bring in higher wages, although this type of work naturally presents more of a safety risk.

The electrical industry can be a very lucrative one. If you would like to make more money while excelling at your career, try one or more of the tips above. Contact us at Independent Electrical Contractors of Greater Cincinnati to find out how we can help you improve your career and income.