There are lots of great reasons to have multiple sources for your products. A million things, big and small, can happen to compromise a single source. As a landscaping company, you probably already know the importance of having a network of trusted sources, but are you missing out on opportunity, time saving, and a chance for better margins by keeping your network closed?
In a year like 2020, it's easy to look at the challenges facing our industry. However, as we move towards cooler temps, we are taking stock of opportunity areas for both landscape buyers and sellers to take advantage of in the year ahead. Now is a great time to start thinking about the business areas where you should invest in 2021. Not surprisingly, given the turn of events this year, investing in technology is a big one.
LandscapeHub’s goal is to strengthen the green industry by providing solutions to reduce operational costs, generate market insights, improve workflow efficiency, and promote standardization. As a buyer, you probably find the value of LandscapeHub to be the ability to use one tool/platform to source and secure all your landscaping material needs, and we love to hear that! After all, our goal is to make it easier for buyers and suppliers to work together.
We get it. LandscapeHub is a new way of doing business, different than the way you've bought and sold plant material in the past. And let's be honest, that can be a little scary, right? Change and growth often can be uncomfortable, but anything worth doing is bound to raise some questions.
We've covered this topic in the past, but debunking the fears of buying in our industry is something we're passionate about, and the rationale for expanding your purchasing network bares repeating.
We created a brand new dashboard for suppliers on LandscapeHub to successfully navigate their business on our platform. Suppliers can track traffic to their brand and product pages as well as view sales, open quotes, and orders placed. They can even gain insights on the most and least popular products in their inventory.
Our team has been BUSY this summer, and we're so happy and fortunate that our business continues to thrive during a beyond difficult time in our world. We miss the daily face-to-face interactions with our prospects, customers, and partners, but this time has made us realize just how important a role technology plays and will continue to play in the seasons ahead. Now, more than ever before, we are assured of our mission to improve the lives of green industry professionals through technology and innovation. They will be the keys to help our industry to grow and succeed to the benefit of everyone.
Recently, we conducted a case study with a large, regional design build firm where we compared how long it would take a purchaser to complete eight quotes of equal size using the traditional offline method versus using LandscapeHub. Do you know what we found? Completing the eight quotes using the "offline way" took 30 hours, but only took 3.5 hours...equal to a 88% time savings. The same quotes also produced an 11% cost saving when using LandscapeHub!
When determining where any market is going, it’s a good idea to look at its health. The landscaping industry is in great health. It experiences $77 billion in annual revenues, according to an IBISWorld Report. This report also identifies that the industry employs around one million and has an annual growth of 3.5%. The real estate market is strong, which fuels the seller’s market in many areas of the country. This is and always will be a good indicator of the demand for landscape services.
You may not realize this, but you probably interact on open marketplaces all the time. If you’ve ever bought a Groupon or sold something on eBay, then yes, you have!