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Use this report benchmark your self against industry averages. Pricing strategy is important because it can help you increase sales and profits without having to spend more on marketing or lower your prices so much that margins are squeezed. It’s a way to grow your business without sacrificing profitability.
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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.
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.
Making sure every job is profitable
Industry costs are rising. Labour, materials, fuel, and accommodation prices have gone through the roof. Many rental companies neglect to factor these costs into their prices and all too often undervalue their products and services. Without knowing the cost of every job companies risk making great revenue, but little profit.
Our cost and profit tool calculates the job costs on every quote based on staff, fuel, sub-rental items and other job related costs. Now you can ensure quotes are profitable before they are sent.
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.
Increase the value of every booking
Drive revenue growth whilst maintaining a positive (non-salesy) customer experience with Marquee Tech's up-selling features. The up-selling tool subtly encourages customers to add-on extra items to their quotes.
This increases the revenue and profitability on every job and helps provides personal service by including extras that could be perfect for your customer's event.
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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