business and finance NFPA Survey finds an increase in use of digital tools among skilled trades workers, despite collaboration being top challenge in 2024 By www.pmmag.com Published On :: Wed, 21 Aug 2024 08:00:00 -0400 Eighty-two percent of respondents use digital tools daily to help streamline training and development programs. The majority of respondents within this group recognize the diverse benefits that digital tools offer the skilled trades industry. Full Article
business and finance Matt Michel: 17 great leave behinds By www.pmmag.com Published On :: Thu, 05 May 2022 00:00:00 -0400 Leave behinds are low-cost items that you give to customers to promote your brand following service calls or that you give away during home shows and other events. Oftentimes, plumbers stumble with leave behinds because they select things they might like instead of what the customer values. Here are 17 great leave behinds that will build brand recall with consumers. Full Article
business and finance Matt Michel: 11 ways to deal with price complaints in an inflationary economy By www.pmmag.com Published On :: Mon, 06 Jun 2022 00:00:00 -0400 Full Article
business and finance Matt Michel: 9 times you should fire someone By www.pmmag.com Published On :: Mon, 11 Jul 2022 00:00:00 -0400 One of the most challenging tasks managers face is terminating an employee. It is never easy, but sometimes necessary. What is all too easy is putting it off when it does become necessary. Full Article
business and finance Matt Michel: 8 steps of feature/benefit training By www.pmmag.com Published On :: Thu, 04 Aug 2022 00:00:00 -0400 You would never send your plumbers into the field without training and tools, right? What about the necessary sales training? Here is a simple 8-step approach that you can weave into your weekly service meetings to boost your team’s effectiveness in promoting add-ons. Full Article
business and finance Matt Michel: Nine ways to maximize your revenue By www.pmmag.com Published On :: Wed, 07 Sep 2022 00:00:00 -0400 The most expensive part of plumbing service is getting the phone to ring and the truck to the job. Once there, every additional dollar past breakeven helps cover the monthly overhead nut. Once this is covered, it falls straight to the bottom line. So, how can you maximize revenue? Here are nine ways to boost your average tickets. Full Article
business and finance Matt Michel: 13 signs of water treatment opportunities By www.pmmag.com Published On :: Fri, 07 Oct 2022 00:00:00 -0400 Most plumbers are missing a golden opportunity for add-ons with point-of-use or whole-house water purification systems and/or water softeners. Consumer awareness of the benefit of water purification has been raised by the pandemic and well-publicized municipal failures. Many, if not most consumers are highly sensitive to contamination today, whether air- or water-borne. Full Article
business and finance Matt Michel: 8 steps to beating the big tech algorithm By www.pmmag.com Published On :: Mon, 07 Nov 2022 00:00:00 -0500 If you rely on search engine marketing for calls, you are putting your company at risk because you are relying on the unreliable. Here are eight steps to wean your company off big tech dependency. Full Article
business and finance Matt Michel: The aging-in-place opportunity By www.pmmag.com Published On :: Tue, 06 Dec 2022 00:00:00 -0500 Ninety percent of seniors would rather remain in their own homes than move to assisted living, according to AginginPlace.org. Given the costs of assisted living, aging-in-place makes financial sense as well. Yet, many homes are not ready, which presents an opportunity for plumbing contractors. Full Article
business and finance Matt Michel: 5 traits of winning plumbers By www.pmmag.com Published On :: Mon, 09 Jan 2023 00:00:00 -0500 Why are some plumbers winners, while others struggle? It is not the market, location of the company, the role of government, customers’ attitudes, the availability of manpower or any of the other excuses bandied about. Winning plumbers share a set of intangible traits that affect how they approach the world, how they see the world, and thus, how the world responds to them. Full Article
business and finance Matt Michel: Opportunities in the coming recession By www.pmmag.com Published On :: Tue, 07 Feb 2023 00:00:00 -0500 If the country is not already in recession, it appears likely one will arrive in 2023. Here are six ways to turn the downturn into an opportunity. Full Article
business and finance Matt Michel: 9 simple communication tips to boost review scores By www.pmmag.com Published On :: Tue, 07 Mar 2023 00:00:00 -0500 You may be the best technical plumber in town, but you will earn poor reviews and bad word-of-mouth if you cannot communicate well. Here are nine simple steps you can take to improve your communication skills. Almost all of them are non-verbal. Full Article
business and finance Matt Michel: Let's talk scalding By www.pmmag.com Published On :: Thu, 06 Apr 2023 00:00:00 -0400 Scalding in the home or burns from hot liquids is dangerous to anyone, but is a particular concern to the youngest and oldest Americans. Plumbers are charged with protecting the health of the nation. Thus, plumbers can play a key role in reducing the risk, starting with homeowner education. Full Article
business and finance Matt Michel: 7 ways to know it is time to exit By www.pmmag.com Published On :: Fri, 05 May 2023 00:00:00 -0400 There has been a lot of private equity activity in the service trades since the COVID-19 lockdowns. Suddenly, boring old businesses gained monetary sex appeal when they were declared essential and could continue making money while many other local businesses were effectively shuttered. This has led to a land rush for good service contracting businesses and many plumbers have grabbed the brass ring while the grabbing was seen as good. Full Article
business and finance Matt Michel: 5 solid reasons every plumber should offer drain cleaning By www.pmmag.com Published On :: Wed, 07 Jun 2023 00:00:00 -0400 It is always a mystery why more plumbers fail to emphasize drain cleaning — if they offer it at all. Some think it fails to offer enough revenue. Others think it presents too much low-dollar competition. Here are five solid reasons every plumber should offer drain cleaning. Full Article
business and finance Matt Michel: What you should know about selling products made in the USA By www.pmmag.com Published On :: Mon, 10 Jul 2023 00:00:00 -0400 A product with a "Made in America" label is not necessarily made in the United States. It could be made in Canada or Mexico. Do you want products made in America or the USA? Full Article
business and finance 11 steps to follow to run a sales promotion By www.pmmag.com Published On :: Mon, 07 Aug 2023 00:00:00 -0400 Plumbing contractors are not known for their marketing prowess, yet marketing can drive more calls. The simplest marketing might be the sales promotion. Here are the steps. Full Article
business and finance Questions plumbing business owners should be asking themselves By www.pmmag.com Published On :: Tue, 05 Sep 2023 00:00:00 -0400 Here are 46 business proverbs or truths that apply to the plumbing profession, presented in no particular order. Accompanying each is a question every plumbing company owner should ask about his company. Full Article
business and finance Tips for managing problematic personnel By www.pmmag.com Published On :: Thu, 05 Oct 2023 00:00:00 -0400 You know him (or her). He is the irrational employee. The irrational employee is usually a good producer or an essential person. Here is how to manage him, instead of letting him manage you. Full Article
business and finance 9 ways to out-recruit the competition By www.pmmag.com Published On :: Thu, 09 Nov 2023 00:00:00 -0500 It only takes a little effort to out-recruit the competition. Here are nine ways to become a better recruiter. Full Article
business and finance 4 reasons to hire apprentices and grow them into plumbers By www.pmmag.com Published On :: Wed, 06 Dec 2023 00:00:00 -0500 Should you hire apprentices instead of journeymen and master plumbers? Some contractors are finding more long-term success by building their team from the ground up. Full Article
business and finance Gen Z wants technology, and skilled trades are rising to the challenge By www.pmmag.com Published On :: Wed, 09 Aug 2023 00:00:00 -0400 The current U.S. workforce is comprised of four generations: Baby Boomers, Gen X, Millennials, and Gen Z. But there’s one generation in particular that the skilled trades have their eyes on right now: Gen Z. Full Article
business and finance Competing for skilled employees By www.pmmag.com Published On :: Thu, 07 Sep 2023 00:00:00 -0400 Many companies within the construction industry are chasing after the same pool of talent. Here are tips for mitigating the workforce shortage. Full Article
business and finance Meeting homeowner expectations in a time of constant change By www.pmmag.com Published On :: Fri, 08 Sep 2023 00:00:00 -0400 The trends that shape our industry are changing at a faster pace than ever before. Full Article
business and finance Add value to your contracting business with a home service franchise By www.pmmag.com Published On :: Mon, 13 Nov 2023 00:00:00 -0500 A successful home service franchise offers sales and marketing systems similar to those employed by large companies. These systems can be easily implemented and replicated over and over again. Full Article
business and finance How to utilize two-way texting with customers By www.pmmag.com Published On :: Mon, 13 Nov 2023 00:00:00 -0500 Two-way texting, when a customer can proactively text your business and receive a response or have an entire digital conversation, offers a way to bolster client communication and as a result, satisfaction. Full Article
business and finance An aging population represents opportunities for plumbing and HVACR contractors By www.pmmag.com Published On :: Thu, 07 Dec 2023 00:00:00 -0500 As the population grows older, there is a heightened need for affordable plumbing and HVACR systems that offer safety and accessibility. Full Article
business and finance Global and U.S. economic 2024 predictions By www.pmmag.com Published On :: Thu, 08 Feb 2024 00:00:00 -0500 As 2023 comes to a close it is now time to review my predictions from last year as well as predict ten more trends I see as we enter 2024. Full Article
business and finance Celebrating the growth of women in the plumbing industry By www.pmmag.com Published On :: Tue, 05 Mar 2024 00:00:00 -0500 The future for young women in this industry is now as bright as anyone wants it to be. If a young woman wants to work her way all the way up to the C-suite, the opportunities are there, and that is so exciting to see. Full Article
business and finance Shattering stereotypes to shape the future of plumbing By www.pmmag.com Published On :: Thu, 09 May 2024 00:00:00 -0400 US faces a shortage of 500k skilled plumbers, costing $33bn annually. Plumbing requires rigorous training, creative problem-solving, and meticulous execution. Valuing the critical role plumbers play can address the shortage and pave the way for a thriving water infrastructure. Full Article
business and finance Unlocking the power of AI in digital marketing By www.pmmag.com Published On :: Fri, 10 May 2024 00:00:00 -0400 AI is the cornerstone of innovation in home services, but its true essence is diverse and multifaceted. Bloomberg predicts AI will affect 40% of global job roles. AI's ripple effects will be consequential for paid and organic search. Full Article
business and finance Building safety 101: understanding the basics for a safer tomorrow By www.pmmag.com Published On :: Fri, 24 May 2024 09:30:00 -0400 Every year during May, the International Code Council holds its Building Safety Month campaign to help raise awareness about the importance of building safety and educate the public on how to ensure their communities are resilient and sustainable. Full Article
business and finance Enhancing employee, professional and organizational growth through skilled trade certifications By www.pmmag.com Published On :: Wed, 12 Jun 2024 00:00:00 -0400 The skilled trades industry is evolving as more Gen Z workers choose trades over college. Efforts to obtain certifications through learning modules and hands-on training are becoming integrated into daily work routines, helping tradespeople build long-lasting careers and enabling businesses to succeed. Full Article
business and finance Deepfakes are here: Here’s how plumbing and HVACR companies can prepare By www.pmmag.com Published On :: Thu, 11 Jul 2024 00:00:00 -0400 Did you know that it only takes 30 seconds to create a deepfake? Deepfakes are AI-generated media that can be made using any device. They can be used to spread misinformation and harm a plumbing and mechanical company's reputation. Full Article
business and finance Optimizing efficiency in commercial installations By www.pmmag.com Published On :: Thu, 11 Jul 2024 00:00:00 -0400 In modern construction, the phrase "a worker is only as good as his tools" holds true. To stay competitive, contractors must always seek innovative tools to boost efficiency. Building Information Modeling (BIM) is one such tool. Full Article
business and finance Must-have tools for sewer line repairs or replacement By www.pmmag.com Published On :: Tue, 13 Aug 2024 00:00:00 -0400 Sewer line repairs and replacements require precision, expertise, and the right tools. In this article, we will explore the essential tools for efficient sewer line work. Full Article
business and finance Best practices for home services marketing through election season By www.pmmag.com Published On :: Thu, 24 Oct 2024 00:00:00 -0400 Every four years, the election season brings a natural decline in customer demand for services. Marketing costs rise as all channels become saturated with campaign spending, and consumer sentiment declines. Full Article
business and finance 5 steps to building a strong banking relationship By www.pmmag.com Published On :: Mon, 08 Jan 2024 00:00:00 -0500 A strong banking relationship is critical for securing loans and for establishing and maintaining lines of credit. Relationships are not built overnight. Here are the steps you need to build a good relationship with a bank. Full Article
business and finance 11 ways to boost your plumbing company’s SEO By www.pmmag.com Published On :: Tue, 09 Jan 2024 00:00:00 -0500 Explore 11 proven ways plumbing companies can improve their website visibility and search rankings. Whether you run a single-location operation or a multiple-unit franchise, these SEO tips will help you reach more consumers. Full Article
business and finance 7 reasons manufacturers advertise in the trade press By www.pmmag.com Published On :: Fri, 08 Mar 2024 00:00:00 -0500 Every now and then I talk with a plumber who gripes about manufacturer ads in the trade press. Usually, the plumber believes the money could be better spent elsewhere, such as consumer advertising to make it easier for the plumber to sell the manufacturer’s products. Here are seven reasons why manufacturers advertise in the trade press. Full Article
business and finance Best practices for managing finances By www.pmmag.com Published On :: Mon, 11 Mar 2024 00:00:00 -0400 As Leap Partners' CFO I handle financial statements, acquisitions, and sales. Small businesses often find finance tasks overwhelming. I work with them daily, guiding them to secure their financial standing. Through this, I've learned about common financial trends and errors. Recently, I shared my insights with a friend. Full Article
business and finance Beating the scalding and legionella paradox By www.pmmag.com Published On :: Tue, 02 Apr 2024 00:00:00 -0400 Scalding remains a hidden danger lurking in homes across the United States, particularly impacting the vulnerable. The plumber can avoid the unintended consequences of simply lowering water temperatures. Full Article
business and finance Networking for commercial plumbers By www.pmmag.com Published On :: Tue, 07 May 2024 00:00:00 -0400 Larry Taylor, a renowned contractor, believed that networking is the key to commercial sales. Business is built on relationships, and networking helps build them. Here are nine ways to network effectively. Full Article
business and finance BuyFin payment processing and consumer financing now available to help business owners unlock growth By www.pmmag.com Published On :: Tue, 07 May 2024 00:00:00 -0400 BuyFin Payment Processing, which is offered in conjunction with third-party partners, helps business owners get paid faster from customers with competitive processing rates and a best-in-class technology platform, the company states. Full Article
business and finance 4 things you must do to justify a higher price By www.pmmag.com Published On :: Mon, 10 Jun 2024 00:00:00 -0400 In every market, some companies offer low-priced products, while others offer high-priced premium products. If you want to justify a higher price, here are four things you must do. Full Article
business and finance 6 groups every plumber should join By www.pmmag.com Published On :: Wed, 10 Jul 2024 00:00:00 -0400 Plumbers are typically independent and work alone from a service truck, but there are significant benefits to joining groups. These can include learning from peers and expanding your customer base. Consider joining these six groups as a plumber. Full Article
business and finance How should you handle merchant service fees? By www.pmmag.com Published On :: Fri, 09 Aug 2024 00:00:00 -0400 Some customers prefer using credit cards, but accepting them means paying merchant service fees. Contractors may offer cash discounts or add an upcharge, so consider how to handle merchant services. Full Article
business and finance Leadership tips and best practices By www.pmmag.com Published On :: Wed, 14 Aug 2024 00:00:00 -0400 When we hear about a 'dream team,' our minds envision the perfect basketball team or a group of highly skilled attorneys assembled for a high-profile legal matter. But creating a team that consistently delivers great results shouldn't be limited to sports or legal teams. Full Article
business and finance Six things that matter about your branding By www.pmmag.com Published On :: Wed, 11 Sep 2024 00:00:00 -0400 Developing a strong brand can significantly impact your plumbing company by making it more familiar and less intimidating to consumers. This can lead to more calls and reduced marketing costs. Here are six important factors to consider when building a brand and brand image in your market. Full Article
business and finance When to invest in your contracting business By www.pmmag.com Published On :: Fri, 13 Sep 2024 00:00:00 -0400 After hard work, your contracting company is turning a profit. You need to decide when to invest some of that money back into the business, balancing saving and making improvements to stay competitive. Full Article