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Case study: Residential surveying increased prices by 7%, added a guarantee = £36,000 profit!

How a residential surveying business added £36,000 profit a year... simply by charging £200 more.

Terry owned a residential surveying business and was in a position many entrepreneurs will quietly recognise.

The business was good. His team regularly saved home buyers thousands of pounds by uncovering faults in properties before the purchase went through.

Clients were grateful. Referrals steadily came in.

And yet, despite delivering such enormous value, the profits weren’t where they should have been.

Because the uncomfortable truth was this: he was undercharging for the value he delivered.

Like many business owners, he worried that increasing prices would scare clients away. The fear was simple and familiar – “If we charge more, people will go elsewhere.”

So, the question became… how do you increase profit without risking the client relationship?

The Plan: One idea that changed everything

 Rather than a complicated pricing restructure or cutting costs, the solution came from reframing the value of what the business already did brilliantly.

The steps were straightforward:

Step 1: Increase the price, but attach a powerful guarantee

He added £200 to the price of every survey.

But this wasn’t just a price rise – it came with a guarantee that completely changed how clients perceived the service.

The guarantee was simple:
If the surveying team didn’t uncover at least £2,000 worth of faults in the property, the client would receive the extra £200 back.

The higher £3,000 price no longer felt like a risk to the customer.

Instead, it felt like a promise of the value they were about to receive.

Step 2:Turn expertise into a trust signal

In reality, the surveying team almost always discovered issues well above £2,000.

But by putting that outcome into a guarantee, the business created something incredibly powerful:

A visible signal of confidence and expertise.

Instead of simply saying “we’re good at what we do”, they were effectively saying:
“We’re so confident in the results we deliver that we’ll guarantee it.”

That small shift changed how prospects viewed the service.

Step 3: Changed the wording for the initial call

The final step was adjusting the sales script used when a prospect first called the business.

The script shifted the conversation and focused less on the technical details of the survey and much more on the financial value the client would gain.

Instead of just explaining what the survey involved, the team now clearly explained that the purpose of the survey was to identify faults that would save the buyer thousands of pounds off the purchase price.

And then they introduced the guarantee.

By explaining that if the survey didn’t uncover at least £2,000 worth of issues the client would receive £200 back, the conversation instantly became about outcomes rather than price.

The Results: £36,000 increase in annual profit

That single adjustment added £36,000 of extra profit every single year.

And because there were no additional costs, every pound flowed straight to the bottom line and into the bank account.

But the real impact becomes clearer when you look at the bigger picture.

The owner plans to retire in around ten years.

Which means this one idea will generate, as a minimum, an extra £360,000 of profit before retirement.

And retirement suddenly looked comfortable rather than uncertain.

Key Takeaway

If you deliver real value, you are often undercharging for it.

  • Price increases become easier when they are linked to a clear outcome.
  • Guarantees can turn expertise into a powerful trust signal.
  • Profit growth doesn’t always require more work – often it just needs better thinking.

Often, the profit a business needs is already hiding inside what it currently does – It simply needs to be uncovered.

If your business is turning over £500,000 or more, there’s a good chance extra profit is hiding in your numbers right now - just like it was for this surveying business

The challenge is knowing where to look and how to unlock it.

If you’d like help finding those opportunities and building a business that generates more profit, more cash in the bank, and less stress, then let’s have a proper conversation.

To get in touch you can drop us an email to [email protected] or call one of the team on 0161 410 0020 and let’s start turning the value you already deliver into the profits you deserve.

Disclaimer

You must take professional advice before making any decisions based on the information that you have learnt here. While every effort has been made, to make sure it is accurate it cannot be precisely tailored to your personal circumstances. This article is for general information only and no action should be taken, or refrained from, as a result of this information.  Professional advice should be taken based on specific circumstances in each individual case.  Whilst we endeavor to ensure that the information contained in the article is correct, no liability will be accepted by Krystal Clear Accounting which is a trading name of Kim Marlor Associates Ltd or damages of any kind arising from the contents of this communication, or for any action, inaction or decision taken as a result of using any such information.

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In short, bank feeds create a digital link between your business bank account and your accounting software, such as Xero or QuickBooks.  

This means bank transactions are automatically downloaded into the accounting software. This simple piece of automation, completely removes the need to manually input every bank receipt and payment into the accounting software. 

Having bank feeds in place, saves a HUGE amount of time bookkeeping. That’s because it completely removes the need to manually input bank transactions into the accounting software. 

Saving time bookkeeping isn’t the only benefit for the business…. 

 

 

What are the main benefits to a business using bank feeds?

Bank feeds automate, what was previously, a time-consuming task of entering all the bank transactions into the accounting software. 

 This saves the business a HUGE amount of time (& money) spent on bookkeeping.  

With bank transactions being downloaded from the bank every day, it means it’s quicker and easier to keep the bank balance in the accounting software up-to date. 

With the accounting software up-to date, the bank is updated daily which gives you a clearer, real-time view of your business’s cash flow.  

This makes it easier for you to plan your cashflow, and take action to improve it. 

There is always the risk of errors being made when data is being manually inputted into the accounting system. It is often time-consuming to find and correct any errors. Also, if an error is large then the Profit & loss and Balance Sheet reports will be inaccurate and potentially misleading. 

 Automating the bank transaction entry previously manual process, reduces the risk of errors being made and ensures that the bookkeeping records and reports are accurate. 

How to Link Your Bank to Xero

Ensure that your bank account is set up for online banking. This feature is typically available from all major banks. 

Log into your Xero account and navigate to the banking section. Select ‘Add Bank Account’ and follow the prompts to search for your bank. 

After adding your bank account details, you’ll see an option to set up bank feeds. Click ‘Agree’ to the terms, then securely log into your online banking portal through Xero to authorize the connection. 

 

Are Bank Feeds Safe & Secure?

Yes. 

Firstly, having bank feeds in place ONLY means bank transactions are downloaded into the accounting system. They do NOT give anyone else access to the business bank account. 

 Secondly, XERO has various security measures in place to give you a piece of mind that your financial data is safe and secure: 

 

  • Encrypted Connections: Xero uses advanced encryption technology to secure the data transmission from your bank to Xero. This means your sensitive information is encrypted during transit and cannot be intercepted or read by unauthorized parties. 

 

  • Compliance and Standards: Xero adheres to high standards of data security compliance, thus ensuring that its practices meet or exceed industry security standards and regulations. 

 

  • Regular Renewals: To maintain a high level of security, XERO requires that the bank feed connection is renewed every 90 days. This process is straightforward and helps ensure that the integrity of your financial data is always protected. 

 

people are connected
KIm Marlor the MD of Krystal Clear Accounting
krystal clear accounting

In Summary

In short, having bank feeds really saves businesses time and money on their bookkeeping.  

 They automate and eliminate what is otherwise a time consuming and error prone manual process.  

 Bank feeds is just one of the ways technology can be used to help business owners improve the financial side of their business.

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