Flat Rate V.S. Time & Material V.S. Menu Pricing (Aka The New Flat Rate)
There are many different options when it comes to choosing an electrical pricing app. You have time and material, flat rate, and the newest phenomenon, menu pricing. However, the problem with time and material and flat rate is that you are only focused on the parts, not the service.
Menu pricing is different; this electrical pricing app focuses on the service that your technicians are providing. No longer should you focus on just the parts. I mean, where’s the money in that? Your electrical pricing app should include the service that you are providing to these customers.
Things to know when selecting a pricing app
Here are the benefits of using menu pricing in comparison to flat rate or time and material:
- We’ve seen that flat rate puts pressure on your technicians to overcome objections because they make it about the part and not the service. However, with menu pricing, it causes the customer to feel like they are going shopping because they are given options.
- Secondly, flat rate ties you to your billable hour and the cost of parts and labor, whereas menu pricing gives you “Free Market Pricing,” which frees the customer to buy what they really want today. Profit is instantly included as customers choose your higher-value services.
- Lastly, flat rate pricing causes customers to go online and compare costs. On the other hand, if you use menu pricing, it gives value at several different price points, so the customer feels that they have all the information needed and they are not motivated to go online or to your competitors for more quotes.
About The New Flat Rate Menu Pricing App
At The New Flat Rate, we customize your electrical pricing app to best suit your company needs. We also guarantee that within the first 90 days of using our electrical pricing app, you will see an average increase of $246 more dollars on your average service ticket. Who doesn’t want $246 more dollars of revenue for their business?
Not only will you be averaging more money on service tickets, but using a menu pricing app for your electrical pricing will enable you to work less jobs and make more money. Our app is designed to optimize your ability to show the customer your best work without feeling rushed to finish the job.
Our electrical pricing app is designed with the customer in mind. At the end of the day, they are the ones writing the check. The question, though, is how do you get them to choose you? Well, it’s easy…you let them pick!
Don’t lose out!
The New Flat rate offers an electrical pricing app that provides options for your customer to choose from. Giving the power to the customer will have them buying from you and not one of your competitors.
What are you waiting for?
Click here to visit our site and set up a demo today!
The New Flat Rate