Flat rate pricing can present several hurdles for those who are unfamiliar with it. We hear all the time about how businesses were hesitant to make the switch, but now are grateful for doing so.
Flat rate pricing helps to optimize businesses with a pricing platform that accurately reflects time, materials, overhead, and other costs associated with running a business.
Once you determine that flat rate pricing is something you’d like to explore further, there are two questions you’ll need to answer. The first is what type of pricing will work best for you and the second is if you’ll have a “do-it-yourself” option.
Which Flat Rate Pricing Option Is Best
Flat Rate Books
Decide what is going to work best for your business – a book-based flat rate system or a mobile-based software system. Make a short list that details where your company is now and where you want it to go — this is important! Focus on where you are heading in order to ensure you are selecting a product that will support you now and in the future.
The majority of businesses that switch to flat rate pricing opt for digital versions because they are kept up-to-date and refreshed more frequently. However, many contractors opt for books because they can travel to areas where there is little to no service. They also choose books because they may not be ready to fully adopt a digital solution.
Flat Rate Software
There are two types of software to choose between – a “do-it-yourself” model or a program that handles the nitty-gritty flat rate details for you.
If focusing on other aspects of your business is more important than looking up part costs daily to make sure your pricing is accurate, the full-service program is the better option. While a full-service option may be slightly more expensive, it will provide a more robust platform to run your business. It will also provide a more comprehensive pricing list opposed to a smaller one, which is more manageable for your office.
The do-it-yourself model may be a better alternative if you slowly want to implement flat rate into your business; however, it may be hard to consistently keep prices up-to-date and accurate.
The next step is fairly obvious. Do some research on flat rate software programs! Read reviews (like Capterra) and materials offered on the product websites. Don’t be afraid to engage with the sales and support personnel either. If you’re hesitant about getting started, be sure to ask lots of questions. A solid support system will help alleviate any concerns and train employees who are new to the change.
At FieldEdge, we have over 40 years of service contractor and flat rate pricing experience, so you could say we know a thing or two! Call or email us so we can help answer your questions and fill your flat rate pricing needs!