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Business Solutions for Maximizing Profits September 2004
In This Issue

Numbers Cruncher Tip

Value Based Pricing

Money Masters

 NSPG News

Flat Rate & Your Professional Image

Professionally produced Flat Rate Books can be a Key to Building your Professional Image

As most of you know, your NSPG flat rate books make selling your services much easier.  They can also work like high quality trucks and professional technicians to improve your business image.

Color images, clear and efficient formatting, high quality ultra-white paper, heavyweight laminated covers, and color highlights all leave the impression of a high quality price book.

You can even use leather portfolio binders with your company named imprinted in the leather to bind your books.

Creating your own custom corporate image with NSPG Flat Rate Books can benefit your bottom line. 

Give us a call to see what other NSPG Flat Rate customers have done to improve their images.

We can also provide affordable high quality color Flat Rate Books customized for your business image.  Full Color Price Books are available for as little as $250 in quantity.

Plumbing, HVAC and Electrical books available today.     

Sample Pages


Phone 800 841-8542

Coming Soon

• Schedule
Dispatch
• Job Cost Service Invoice
• Flat Rate Integration
• Automatically Graph Nine Benchmarks

 

For over 10 years, NSPG has been providing the tools that allow contractors to increase profits and minimize business hassles. With our simple-to-use-tools, you can make being a  business owner what you always wanted to it be - successful, profitable and rewarding.
If You Can't Measure It, You Can't Improve It!    

To be sure that you're making the profit you need, don't stop at setting your breakeven. You need to also determine and set sales goals based on your  productive hours, technicians, and selling price.

Tracking your sales and comparing them to your profit-based goals is an easy way to measure your company's performance.  You than can use the What-If Analysis in Numbers Cruncher to track your progress.

Remember that a monthly review of your numbers is critical for maintaining profitable operations.  You must compare your real life numbers to Numbers Cruncher calculations to be sure that you're hitting your profit targets.  

Measure Monthly, Adjust Quarterly
 & Achieve Annual Profit Goals

Call us at 800-841-8542 to schedule a Numbers Cruncher Review so you can be sure that you are making the profits you need every day.       


 

Offering Value Based Pricing to Balance your Price Guide.

This is a very valuable technique and is used by some of the most profitable shops in this industry – it’s also one of the best keep secrets. 

Let’s use a discounted water heater install as an example. 

Say your 40 Gallon 5 year water heater has a selling price of $800 which includes a 25% profit - you want to earn $200 pre tax profit.  However, your competition is selling a similar water heater for $600. 

This means if you cut your price to meet your competitor’s, you would lose all your profit. 

Here's how you can handle the price issue.

  1. Build another water heater job in your book and call it the Budget Water Heater. You only give it a one year parts and labor warranty. If the tank fails after the one year period, the MFG will replace the tank but you can charge for the installation.
  2. You still keep the price for your standard 40 gallon 5 year heater at the $800. But the warranty includes the replacement cost for the life of the MFG tank warranty. This provides more value than your competitor. (Get a full 5 years of protection for just 11 cents per day!).
  3. You sell the Budget heater at $600 and gain a new customer to market directly to. 

Let’s say that you estimate that two out of ten clients will opt for the budget heater. So you plug in the loss of $200 per Budget Water Heater sale into your Numbers Cruncher Budget. Assuming you were to sell 50 budget heaters, you would plug $10,000 into Special Customer Discounts in Numbers Cruncher.

This means that you are adding this special discount into your overhead.  This makes business sense since this discount is really no different than an advertising cost.  You have provided your client with choices and price points based on value.

This shows how Numbers Cruncher and the Price Guide can work together to make your business more profitable.

The prices we used may not reflect your prices but the concept is the same. Always Crunch your own Numbers before setting your price.

Get More NSPG Flat Rate Info...


Nexstar Trade Show & Super Meeting - 9/30 to 10/02/04

VERY IMPORTANT PROSPECT (V.I.P.)

Here is your chance to experience what Nexstar™ is all about. 
Join us for our Super Meeting! You’ll have the same opportunity to attend our seminars, meetings and social events as our members. You’ll have ample opportunity to talk to members, one-on-one. Hear why they joined and what the organization has done for their businesses.

Here’s another reason to meet with us in Atlanta. Every paid V.I.P. registration we receive will be entered in a drawing to win $500.*  Plus, if you decide joining is the right move for you, your Super Meeting registration fee will be applied toward your first year’s dues. You won’t find a better, more focused, business building opportunity than a Super Meeting, especially at the special V.I.P. price of $299!**
Don’t put it off.

REGISTER NOW. (Downloadable Registration Form)

You’ll have fun while you get answers to make your business better.


FOR MORE INFORMATION contact Lisa Schardt.

e-mail: lisas@nexstarnetwork.com
telephone: 888 - 609 - 5490

Call 800-841-8542 now so we can answer your questions and show how we can help you build a more profitable business.

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NSPG, Inc. PO Box 118, Harrington Park, NJ 07640
800-841-8542
201-767-5520