1. Prepare a Price List
Most businesses or service providers will have to create a business quote template at some point. If you sell a stable variety of products, this might be the only way of pricing you must have. This kind of normal quote template could also be used as the foundation for pricing the nonstandard orders..
2. Prepare a Written Estimate
In preparing estimate, it is a good practice to provide the customer with a written price quote template, which includes a full breakdown of expenses.
The estimate must include the following:
a. Total price
b. Breakdown, that states the price components
c. Schedule, which details when work will be finished or the products be delivered
d. Terms and conditions
e. The estimate time period it is valid for
f. Payment terms or schedule
You have to include full contact information of your business in your estimates.
3. Prepare a Written Quotation
It is also wise to get the customer's written approval that they are happy with the price you’ve estimated and the work that this comprises. This has to be done before you perform the work, or offer the services or goods.
4. Prepare a Price for a Tender
If you offer services or goods to other businesses, you might need to contend for contracts by presenting a tender. Even though value for money could be a significant element of a lot of tenders, the way you put price on your bid could also make the difference between losing or winning the deal.
Company name (if you have any)
Your name and signature
Name of the company
Stamp of your company if needed
1. Make sure your sales quotes are correctly constructed
2. Send a quote as soon as possible
It’s a nice idea to make use of cloud software to rapidly make and distribute quotes immediately or directly after the first meeting.
3. Insert a quoting engine on your website
You might not always be able to come across the potential client in person. But setting up a quoting engine on your website or social media page speeds up the process and lets clients to do business with you without further negotiation.
4. Follow up within 2 to 3 days of sending
There are times when business or industry procedure orders when you have to follow up. But, it’s always best that you take advantage of favorable circumstances while they last.
5. Ask the what’s wrong and learn from it
Always keep in mind to ask potential clients why they did not accept the quote. From knowing the problem, you can easily make proper adjustments for your next free quote template.