Pre Paid Pest Control Service Does It Make Sense For You.
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With customers becoming increasingly busy and the cost of performing billing and collection taking a chunk of your profits more companies and customers are choosing to prepay for services, why not prepaid pest control?
We prepay for web hosting, insurance and a host of other services.
When it comes down to it’s a matter of trust on behalf of the customer.
It has to be part of your USP. Think like a marketer.
It’s also a matter of your ability to manage and performs.
Shout Out
Josh Alpert
David Ward Rentokil Pest Control Ireland
Jay Best PestControl @jaybest05
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Reach Out to NPMA Conferences.
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M&A
Rentokil Buys Allgood Pest Solutions out of Atlanta Allgood Pest Solutions is a $27 million company it was #29 on PCT Top 100 list Last Year. Last year Rentokil Initial acquired 17 businesses in The U.S. http://uk.reuters.com/article/idUKFWN1FS02O
Univar Inc. (NYSE:UNVR announced public offering of 15,000,000 shares of Univar’s common stock at a price to the public of $29.00 per share. http://www.univar.com/en/Newsroom/News-Archive/2017/2_3_17.aspx
Now Let’s discuss the pros and cons of prepaid pest control.
I like the monthly cash flow.
After a couple of months I feel I’m working for free.
Reduced cost by not having to create invoice, stamps, paper, envelope, check processing costs. It can cost up to $5 per transaction or more. Pass the savings on to the client.
Accounts receivable exposure.
Have an escrow account.
Customers may abuse by thinking they are entitled to a free service whenever they want it.
The fear of renewals
Hate to give discounts. 5% to 10%.
Card on file vs annual every time you run that card without a swipe you incurred a much higher rate and a per transaction fee.
Fear of non renewals because they might not want to stay
