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MINI4U

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Posts posted by MINI4U

  1. We have for the last 7+ years gave out a $100.00 bonus for Christmas to all our employees. It never changed because our revenue never changed. This year we got a new service writer and he knows how to sell. Not only have we made over $200,000 more than the last 7+ years (in 9 months!) but also shop moral is way up so the techs are producing better. We definitely want to go up on our bonus any recommendations? Currently the service writer gets a bonus on sales monthly and he techs get extra pay for production.

     

     

  2. We used SBA and they were great. They helped us write out a business plan and supported us in getting established. It did take a couple years because the shop we wanted to buy did not show much profit (the guy was taking a lot of cash sales and pocketing it) and a lot of banks wanted us to have a huge wad to put down.

     

    We did not have a ton of money saved but we had good credit, not a lot of debt (no car payments. credit cards payed off monthly etc). Finally our SBA guy suggested another bank to try by then (2 yrs) we had given up on the shop we wanted to buy and were looking at leasing a place. The banker took the time to get to know us and said we would be better off buying than leasing. She made it happen with an extra 30k to keep us afloat as we started to get established.

     

    Long story short we still have the 30k in savings and we own the shop. We did find out that we needed some business classes after a couple years to get more profit into the shop.

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  3. We had a poor review on yelp and had no idea the guy was unhappy. He was from out of town stopped in and felt we did not do something right. Had we known we would have done anything to make him happy. Since it was our ONLY review we asked our happy customers to leave reviews. The filtered them all out except one. We thought that was a load of crap. They were true customers leaving truthful reviews. So we hate yelp.

  4. Look up interchange plus plans from first data or I payment. Most of these ads that offer .69% or free machines usually are more expensive. They fail to explain the interchange costs. They get away with it because your monthly bill is low - the one that you see. The discount that comes off after each transaction via interchange rates and markup are not so easy to see unless you study your statement.

    I am not sure what you mean by the monthly bill being low- the one you see. We see our monthly charges so how are they hiding other charges?

  5. We use our bank for credit card processing and they are not too bad. I tried a couple other places after falling for sales pitches over the years and it was a disaster so I have been reluctant to move away from the bank.

     

    I know it "should" be less expensive to use a company outside of the bank. Got a flyer from The Automotive Payment Club promising:

     

    Special APC pricing

    No monthly PCI Fees

    0 annual fee

    No contract term

    0 monthly junk fees

    Free Credit card machine

    Zero upfront/Start up cost

     

    Anyone use these guys or have a company that they are happy with?

     

     

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