For over decades the pricing for various services was done using time and material method. This method clearly separated the labour charges and charges for parts used. Since this pricing system was widely used, accepting a new pricing model is difficult for customers. So, the contractors need to provide a complete breakdown for each and every service they are offering. This makes things simple and easy to understand for both the contractors as well as the customers. The flat rate menu pricing is proved to be a beneficial method and has increased customer’s trust on the contracting company. |
No customers like to pay more for more if a service took a bit more time. This was the main drawback in time and material system. As the cost of labour and parts will increase from time to time, this will affect the entire pricing system. Although customers would accept a slight hike in prices but not always, they don’t expect low prices but at least fair pricing and transparency. Fluctuating prices will be frustrating for the customers as well as for the contractors and will also increase the task of changing the invoice again and again for updated rates. Thus, adopting a flat rate pricing model will reduce the hassle of updating the invoice and billing for each service. A predefined menu is far much better than hourly pricing system.
For achieving transparency in your pricing system flat rate menu pricing is a good option. This system will eliminate the multiple prices for the same issues and it maintains consistency. Hence, this shows loyalty towards your customers and they get a reliable and honest service. Flat pricing system lets them know for exactly which service they are paying and they get a glimpse of your professionalism. This also shows that you have an equal approach for all your customers as you are offering the same menu pricing to all.
Flat rate pricing is a great way of doing fair and transparent business. It is proved to be consistent and profitable pricing model and has also gained happy customers. This also creates a great environment in your company as this system evaluates the performance and capability of your technicians rather than testing their ability on an hourly basis. A proper pricing menu will surely increase the profit and provide your contractors a new confidence in their capabilities. The flat rate pricing menu takes out the guesswork from your services and enables you to provide fair and transparent services at all times.
At Profit Rhino, we provide a complete pricing menu for plumbing, heating and HVAC services. Our menu is developed by an experienced team. All parameters such as time, parts, studies and more are constantly reviewed while preparing this pricing menu. For all our services our trade menu book covers 98% of common repairs. When you choose us, you can rest assured that your data is in safe hands. All the database is stored on a cloud-based server and which keeps a regular backup.
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