pricing

Does the latest Producer Price Index put funeral homes between a rock and a hard place?

By Funeral Director Daily / March 19, 2024 /

    The business news last week was centered on the Producer’s Price Index (PPI) rising 0.6% in the month February, which equates to an annual 7.2% inflationary rate.  That reading, after being lower and even negative for a couple of months prior,  has caused many pundits to opine that getting rid of inflation in…

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Pricing is relative, but one low-cost provider can beat us all up

By Funeral Director Daily / October 2, 2023 /

  Inflation has set in. . . I recently had to install a new air conditioning condenser to our existing HVAC combination unit.  An air conditioning condensor, like a funeral or cremation expense, is something you don’t buy everyday. . . . in fact, maybe less than once a decade.   And, when I called…

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Make sure to watch your flanks in holding onto revenue

By Funeral Director Daily / April 21, 2021 /

I’ve noticed with much interest over my career in funeral service that most funeral home owners are really up to date when it comes to market share percentage as compared to the competitor(s) in their market area.   They all either watch the local obituaries or have someone else watch and count death numbers on their…

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$5 footlongs . . . . and $695 cremations

By Funeral Director Daily / March 9, 2021 /

Last week we commented on an article from funeral industry veteran Doug Gober.  That article encapsulated where Mr. Gober saw the investment money going in the death care industry.  We think Gober was right on in his assessment, but one of his insights . . . . .that of “the best way to add value…

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