Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast cover image

#158 Pricing Effectively Based On Your Efficiency

Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast

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Mastering Pricing Strategies

This chapter explores the crucial differences between gross profit and gross margin, highlighting their impact on pricing strategies for small businesses. It emphasizes the importance of daily operational tracking and effective sales training while advocating for controlled discounting practices to protect margins. Additionally, the discussion addresses the challenges of commission structures and training within service industries like plumbing, HVAC, and electrical fields, stressing the need for transparency and accountability in pricing management.

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