Increasing profitability is always a top priority for any business, but it can sometimes seem impossible to know where to start. Do you need more business? To improve your customer service? Raise prices? In reality, it can be all of these things. But, it’s also much simpler. Finding ways to streamline your day-to-day can have a large impact on your bottom line. And Payzerware has you covered. Here are five ways to increase profitability for your HVAC or plumbing business in 2023.

1. Get To More Jobs

One of the most obvious ways to make more money is to get to more jobs, right? It can seem like it’s easier said than done, however. Your team is already busy, how could you possibly handle more? 

Well, using a tool like Payzerware can help you optimize the routes of your technicians and provide a clear, electronic schedule and dispatch board. By utilizing dispatch zones, you can ensure that the correct jobs are assigned to the right technicians, eliminating wasted time in the truck, driving around town. 

Automated notifications help keep everyone informed about schedule updates, eliminating the need to call the office to find out the next customer’s address. 

Lastly, the Payzerware mobile app gives your team all the information they need at their fingertips!  This can help your team access customer information quickly and easily, allowing them to use their time efficiently. They can add notes, pictures, create proposals and even fill out job checklists without leaving the app. The time savings throughout the day will help your team wrap up each job quickly, and have time to head to another one. 

2. Get More Out Of Current Jobs

You’re already visiting customers every single day so how can you make each one of those visits as profitable as possible? Using a tool like Payzerware provides more opportunities to upsell and increase your margins. The HVAC proposal comparison feature allows you to offer Good, Better, and Best options to your customers, giving them more choices and making it easier for them to say “yes” to additional products or services. 

Integrating financing options into your offers can make high-efficiency systems more affordable for your customers. With the click of a button, send the proposal, with integrated financing, to the homeowner. When they’re ready, convert to an invoice from the same screen. No paper is needed!  Additionally, Payzerware makes it easy to build proposals and save templates for use on each job, which can save time and improve efficiency. 

3. Decrease Outstanding Receivables

Have an automated process that requires less work! Use technology to help you have a paperless process that will be highly efficient and trackable to ensure your payments are coming in and you are on top of receivables. Make your sales and then bring in the money! You can do this by offering multiple ways to pay. Collect payment on-site with various options or via your website with credit and debit cards, check imaging, financing, and online payments. Then you can keep track of and manage all payments in one place with a real-time dashboard. 39% of invoices are paid late in the US; let technology help you get paid faster and save time chasing down past-due invoices.  You can send trackable electronic invoicing, payment requests, and reminders with more ways to pay.

4. Create Future Revenue

Selling maintenance plans can be a great way to generate recurring and future revenue for your business. By offering maintenance plans on every job, you can create a steady stream of income and increase the value of your business. It’s essential to have a process in place for selling maintenance plans in the field and an automated system for tracking obligations and payments. Billing monthly can also increase retention rates and allow you to build up your maintenance plan stockpile over time. As equipment starts to age, it’s also a good idea to educate your customers about upgrades and new options. According to industry statistics, presenting options to customers can result in an 85% close rate and an increase in the average sale price. Overall, selling maintenance plans can be a valuable strategy for generating future revenue and increasing the value of your business. Try out our free maintenance agreements calculator to see how big maintenance plans could be for your business.

5. Get More & Do Less Using Technology

Using technology allows you to get rid of the pen and paper and manage everything digitally in one place, saving time and improving team communication. You can keep your team connected and on the same page in real-time, saving time and effort. Automated updates and tracking can also ensure that everyone is on the same page and that tasks are completed on time. This can lead to increased productivity and revenue for your business. Additionally, using technology can free up time for you and your team to focus on more critical tasks rather than spending time on manual and repetitive tasks.

Incorporating technology, like Payzerware,  into your business can have many benefits and help you get more done in less time. It can also increase the value of your business by providing digital records and systems that demonstrate your company’s growth and success. 

Partner With Payzer 

Finding a technology partner that keeps your best interests at the forefront of their business is key in your success. And can be rare! Payzerware does just that. Built with the customer in mind, Payzerware continuously provides top-tier customer service and support along the way. With a seamless mobile workflow, your team can save time on every job, get to more jobs, and grow your revenue in year one. On average, Payzerware customers grow their revenue 26% in year one and 24% in year two. What could 26% growth look like for your business?

If you are interested in learning more about how Payzerware can help you this year, click here to schedule a free demo of our system!