Attention HVAC, plumbing, or electrical home pros: building and maintaining your own flat rate price book can be demanding; save yourself time, money, and a headache by using a prebuilt price book.
Did you know that 92% of homeowners prefer flat rate pricing over time and materials pricing? In a survey sponsored by Callahan Roach, an industry-leader in flat rate best practices, more than 11,000 homeowners were asked to identify their pricing preferences, and 92% responded that they preferred flat rate pricing. Looking at this statistic, it’s a no brainer that HVAC, plumbing, and electrical professionals should be offering flat rate pricing. But what’s the best way to implement flat rate? Well, leveraging a price book is crucial to succeeding with flat rate pricing. Price books will tell you how much individual parts cost and shows you how to turn time and labor into a fair flat rate price. And once you’ve decided to use a flat rate price book, you have two options: create your own price book or purchase a prebuilt flat rate price book. The latter is the better choice by far, and we’ll explain why.
Benefits of Using a Prebuilt Flat Rate Price Book
The idea of creating your own price book can seem exciting, but it does come with challenges you won’t see with a prebuilt price book, like Profit Rhino’s. Profit Rhino offers HVAC, plumbing and electrical professionals flat rate price books that are powered by Callahan Roach’s 30-years of experience, as well as other flat rate pricing tools. If you’re on the fence about using a professional flat rate pricing system, consider the following benefits of using a price book like Profit Rhino’s over creating your own:
Professionals Know Best
You’re an HVAC, electrical, or plumbing expert; you don’t have to try and be a flat rate expert too! Just like you wouldn’t want your customers making their own repairs, building your own flat rate price book is something better left to those who have experience doing so. With Profit Rhino, HVAC, plumbing, and electrical professionals can get a price book that covers over 90% of the most common repairs and tasks, but more importantly, and the data is continuously maintained by industry experts with over 30 years of flat rate pricing experience.
Updates Are Done for You
If you do build your own flat rate price book, it’s crucial you maintain it. You’ll need to make updates consistently to your pricing to ensure you’re turning a profit. But frequently updating your own price book is time-consuming, and in the home services industry, time is money. By using a pre-made flat rate pricing system, you can have updates made to your price book automatically. In fact, Profit Rhino’s price book updates parts quarterly, ensuring that you’re always accounting for rising costs so that you remain profitable.
You Can Go Digital to Gain More
By using Profit Rhino, home service professionals can gain access to a digital flat rate price book. So, if you wanted to say goodbye to carrying around a hefty price book and use an online platform to access your flat rate pricing, you can do so with Profit Rhino! Plus, Profit Rhino offers a mobile sales tool so that you can take your price book with you on the go and streamline your field processes.
It can take hundreds of hours to build your own flat rate price book. And even then, executing and maintaining your own price book can be a huge weight on your shoulders. By using Profit Rhino’s flat rate pricing products, you can save yourself countless man hours, avoid costly bookkeeping mistakes, and easily implement flat rate pricing into your home services business.