The Heat Pump Installer Survey, commissioned by TermoPlus, has presented which traits and business practices lead to better sales performance than average as well as those that result in poor performance.
The survey was completed by 361 heat pump installers of which 92% represented 34 European countries.
The key differences between top-achievers and underperformers are highlighted below:
- Top-performing installers rated their relationship with heat pump manufacturers higher than the underperformers did. Both groups recognised the need for close relationships equally but the higher-performing installers were more loyal to their brands and appeared to get more out of these partner relationships.
- Top-performing installers (as well as the average installer) rate client referrals as the most useful way of attracting new customers. Underperformers also seem to source a lot of their customers this way but lag behind the average installer significantly.
- Top-performing installers enjoy the privilege of customers finding them rather than the other way round. Considering the significance of referrals for top-performing installers, this is likely an indication of good reputation and word-of mouth.
- Client referrals
- Partner referrals
- Online advertising
- Social media
- Leads provided by manufacturers
- Top-performing installers find all marketing activities more helpful across-the board compared to all other installers.
- Underperforming installers are behind across the board in all marketing activity Rankings, except for partner referrals and manufacturer leads. This may be an indication of a lack of proactivity as these two sources are reactive in nature and depend on the efforts of partners and manufacturers. Installers that feel they fit this profile would probably benefit from increasing their efforts in all marketing activities and from improving their customer satisfaction level to get more referrals.
Jure Šacer, chief executive officer of TermoPlus, explained: “We’d like to see the adoption rate of heat pumps soar. The results show that with determination and effort most heat pump installers can improve their performance. Heat pump sales are not a zero-sum game – everyone can grow their business whilst establishing heat pumps as a solution to reduced energy consumption and a cleaner environment.”
Nicolas Virtsonis, managing director of Texentric Marketing, added: “These findings should hopefully prove actionable, particularly for underperforming installers that want to turn things around and grow their business further. There’s a lot installers can do to improve and with the right help and support, improvement can be achieved where it matters the most.”