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Make use of this report to gauge how you stack up against industry averages. Having an effective pricing strategy is crucial because it allows you to boost sales and profits without incurring additional marketing expenses or drastically lowering prices that could squeeze your profit margins. It presents an opportunity to grow your business while preserving profitability.
All data provided and analysed anonymously. Accuracy was increased by filtering anomalies and using data from a wide-cross section of companies. Prices are in GBP and then converted into the equivalent currency.
Instead of comparing prices, quote for quote, analyse your pricing with competitors in terms of value and positioning.
If you offer unique value, you can set higher prices. If your tents/products/services are similar to the rest of the market, adjust your pricing to stay competitive.
Remember, pricing is only part of a larger strategy. To justify higher prices, focus on why your business is better.
This could be the quality of rental products, positioning, branding, marketing, proven track record, exceptional customer service or other additional benefits.
Although pricing & revenue is important, profitability is crucial for success and sustainability. Efficient operations and cost management are important for long-term goals.
Marquee Tech offers features to increase revenue and improve profit margins.
Here are just a few:
Revenue & profit reports
The automated revenue and profit reports will help you identify the types and sizes of events that are most profitable. With this data, you can quickly filter through the low-value enquiries and focus your efforts on the profitable leads.
Online rental shop
Included in your subscription at no extra cost, our online quote builder is a valuable feature. It's an optional tool that allows your clients to create their own quotes directly from your website.
The online quote builder seamlessly integrates with your inventory, allowing you to showcase various tent types, categories, descriptions, images, FAQs, and more.
Once a customer builds their quote, they can submit an inquiry with their contact and event details. As the online shop is connected to your back office, all inquiries, customer information, and event specifics are automatically added to your system.
In the event of any stock availability issues, you'll receive prompt notifications, enabling you to make necessary adjustments, reach out to the customer, or generate an invoice as needed.
Increasing brand value
Enhancing your brand's value and standing out from competitors can be achieved through various means, such as an impressive website, professional communication, and showcasing previous work.
However, one particularly effective method to elevate your brand is through your quotes. In today's digital age, customers demand more than the traditional black and white PDFs.
Customers expect modern, visually appealing quotes that streamline their purchasing experience.
With Marquee Tech, we offer tailored quote designs that align with your brand identity.
Moreover, our interactive features enable clients to view images, select add-on items, access brochures, digitally sign terms and conditions, and make online payments, providing a seamless buying journey.
Sample quotes
Respond to new enquires in seconds by using sample quotes (which can be emailed in one click). Customise these packages to personalise each order, add floor plans, incorporate pre-selected upselling items and showcase product images.
Interactive live quotes
With digital interactive quotes, you can effortlessly update hire items while on the phone or on-site with customers. This capability allows you to provide an incredibly personalised service by adjusting the quote in real-time based on their budget, theme, and specific needs.
The ability to sell in real-time not only speeds up the sales cycle but also greatly enhances the customer experience. Gain a competitive edge by avoiding the lengthy delays of hours or days to make updates; instead, make changes with customers and witness first-hand how quickly you win new bookings.
It's fast & easy!
Anyone can create an account in minutes. All you need to do is copy and paste your customers, bookings, sub-rental, tents, staff and more to switch.
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