How Are Prices Factored?
Each console manufacturing company has their own philosophy on how much they charge for their product. This is based on the cost of their materials, labor wages, location, and desire to make a profit. As a good rule of thumb, all the console manufacturers have about the same cost of materials put into each station. Labor will also be similar for the US based companies and more expensive for the Canadian based companies. The freight of shipping can add up if your far away from the manufacturer. For example, shipping from Seattle to New York is not cheap. Then we get to philosophy on how to run a business and profit.
The Shark Tank
These different philosophies can be seen on ABC's the Shark Tank. The bald guy, Kevin O’Leary, only cares about the profit and nothing else. He wants to drive up margins and maximize his return. He never falls for the heart-warming story of how some young couple built their business in their garage. On the other hand, you see Lori Greiner who is more intrigued by the people and what they can do. Don’t get me wrong, she understands the value each proposal has, but she is more willing to work with and train her new investments to ensure that they are successful. This success will ultimately create a profit for Lori, but its clear that she takes satisfaction in helping small business owners.
Our philosophy at Xybix is much closer to the Lori Greiner approach. We are a family business and that means we give you honest and transparent pricing on all our projects. We work hard to provide you with best consoles at the best price. We don’t expect to be the lowest price, but we do want to provide you with the best dispatch console furniture ROI.
Pricing & Your Budget
So where should the pricing come in for your future budget?
This should help you get started at the planning and costs associated with dispatch consoles. Don’t end up paying too much or don’t pay too little and miss out on durability and important console features.