More than ever life safety system installers need to differentiate themselves from competition if they are to be successful. Not only do they need to be able to present the technical advantages of their systems, they also need to have a total solution.
Continue ReadingService Revenue Without Installation Overhead
I was part of a panel discussion regarding how to grow service at a life safety industry trade show. Many of the firms attending were planning to expand their brand by adding an additional product line. Some of the mentioned additions included fire alarm, sprinkler, sound, security, etc. The primary justification for adapting their business model is the lucrative service, RMR, available for this type of equipment once installed. Most agreed that service was the goal as profit margins, on the installation of these systems, wasn’t very attractive. Additionally, a significant investment would be required in design and engineering skills and a fairly steep learning curve. Everyone seemed to agree that it was worth the effort and risk.
Continue Reading