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to post a message: login - or - register | search messages | show all replies



[+] Working with Small County Courthouses - Jay Duncan/MO (6 replies)
9/26/2023 3:25:26 PM (1638 views)

[+] VKM - Michael Rosing/IL (11 replies)
9/26/2023 11:48:37 AM (2043 views)

[+] Unresolved Payment Concerns with Avanze – Cautionary Note - athira Nithin/DE (4 replies)
9/26/2023 10:45:56 AM (1165 views)

[-] Inflation adjustment - Kurt deVries/FL (9 replies)
9/25/2023 1:50:29 PM (1800 views)
Re: Inflation adjustment - Randi Erickson/MN
9/27/2023 4:37:18 PM (1802 views)
Re: Inflation adjustment - Scott Kretsch/AR
10/12/2023 10:09:23 AM (1701 views)
Re: Inflation adjustment - Patty  Baber/FL
9/29/2023 7:56:29 AM (1748 views)
Re: Inflation adjustment - Joel Holstad/MN
10/2/2023 9:26:34 AM (1727 views)
Re: Inflation adjustment - Kurt deVries/FL
10/4/2023 10:21:21 AM (1626 views)
Re: Inflation adjustment - Cheri Hasslinger/MD
10/9/2023 11:09:28 AM (1691 views)
Re: Inflation adjustment - Denise Williams/MO
10/15/2023 9:11:06 PM (1949 views)
Kurt, if one does not raise the price of the search, a similar impact could be secured by lowering one's costs.  As a technology provider, RDS - Real Document Solutions, we offer the most robust Search Production Software(TM), our customers have experienced efficiency improvements of more than 30% on average over legacy methods/software. 
Typically we hear that when things pick up, then the labor costs pick up.  This doesn't have to be the case. 
Reducing one's base costs, reducing errors, increasing security and increasing turnaround, can help you improve your competitive edge (get more business) while improving margins - technology is a tool to enable this!  
Additionally, as we look to the future, systems integration will become more valuable and protect your business as to not to be displaced.  There will be less reliance on email.  If you look at some of the TPSs (Title Production Software) the search firms they've integrated with probably can command more $$$, and not be chiseled down and whittled down like the rest of the market ...  Title companies will continue to see pressure to be more efficient internally and that includes 'integration' with vendors for efficiency.  If you're a vendor, these are conversations to have... what system are your clients on, how can you connect with them for simplicity and speed, do they want to get workflow updates?   Are you risking future business, if you are sending your completed packets as an emailed pdf attachment?  
If you think you cannot compete with the extra large search firms that are API-integrated with the clients' TPS, then let's talk - because I believe you can compete!  
This should have been a blog post, oh well.  ;)  I understand that raising prices should naturally come, especially as home costs/loan costs have risen and title insurance costs rise too, why aren't searchers getting their piece of this appreciation?  Hard to say. 
What you can do to bring more money into your coffers is to run more efficienciently (doing more with less), and protect this with a 'value moat'  by creating switching costs for your client to move from you to other sources - this can be done by securing integration and other unique efficiency improvements...which may in the end lend itself to increasing your price - the very thing your are desiring.  When your relative value has increased, get paid for it!to post a reply: login - or - register


Re: Inflation adjustment - Michaela Urban/OH
10/23/2023 1:46:23 PM (1630 views)
Re: Inflation adjustment - Sherree Luke/PA
11/13/2023 12:53:58 PM (1373 views)

[+] Ameristar - Diane Sherrill/SC (7 replies)
9/21/2023 7:39:37 PM (1598 views)




Overseas Wunderkind - Kurt deVries/FL
9/21/2023 12:12:48 PM (1116 views)

[+] Non-Payer - TIMELY DOCUMENTS LLC - jess barker/IL (5 replies)
9/14/2023 6:45:31 PM (1473 views)

Warning: Scammers - William Duncan/SC
9/12/2023 7:20:26 PM (1366 views)

[+] ANS Title Solutions of California - Cynthia  Shafer/PA (2 replies)
9/12/2023 10:24:19 AM (1119 views)

[+] How come no CA Abstractors!? - DB Title Solutions/CA (6 replies)
9/7/2023 10:57:07 PM (1415 views)

[+] Avanze- NO pay - athira Nithin/DE (11 replies)
9/6/2023 7:48:36 AM (1439 views)

[+] RealMount Solutions - Jay Duncan/MO (2 replies)
9/5/2023 10:49:35 AM (1169 views)

[+] NW Montana Land Scandal Reaches All the Way to Montana Supreme Court - Randi Erickson/MN (1 reply)
9/4/2023 5:08:39 PM (1310 views)

[+] "Out of office" messages - Ben Wilczynski/PA (8 replies)
8/31/2023 6:27:35 PM (1683 views)

[+] Sure2Balance - Sherry Greene/MI (7 replies)
8/30/2023 9:17:17 AM (1227 views)


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