2012 State of the Industry Report – Pest Management Professional Magazine

The following is a summary of the 2012 State of the Industry Report from Pest Management Professional (PMP) Magazine which was sponsored by Bell Laboratories and given out at the PMP Booth at the 2011 NPMA Pest World Convention & Expo in New Orleans, LA.

 

PMP’s NOT Slowing Down: Economy stalls in neutral, but industry confident traveling the road ahead

Optimism reigns in the pest management industry heading into next year, but it’s tempered with the reality that a full economic recovery for the nation won’t be accomplished anytime soon. How the economy affects business is top of mind for many pest management professionals (PMPs) surveyed in this year’s State of the Industry by pmp. Seventy percent of respondents to the survey say their biggest concern is a prolonged recession and almost half (47 percent) say it’s their biggest concern…

Even though a prolonged recession, higher taxes and fuel costs are keeping PMPs up at night, only 9 percent sat the state of the pest management service market in their region has slightly or significantly declined. Those who have an optimistic business outlook heading into the coming year increased 6 percent. Some are making sure their business outlook is rosy by employing tried-and-true business strategies, which include:

  • ramping up advertising,
  • increasing web presences,
  • networking more,
  • participating in home & garden shows,
  • stressing to employees the importance of keeping customers happy, and
  • working hard to keep those same employees happy with the company too.
Spotlight: Bed Bugs – Still lapping the revenue competition, these little pests show no signs of putting on the brakes.
Bedbugs still are appearing in media stories throughout the country. With all the publicity and infestation that continue to plague customers, PMPs continue to see revenue related to the pesky pest increase. There was a 36 percent increase in bedbugs from 2010 to 2011, according to the pmp State of the Industry survey. bedbugs left hotels, and headed off into society at large, which has put PMPs into demand.
Bed Bugs continue to be the revenue leader, but termites, ants and rodents also are helping the bottom line
Average Price of a Bed Bug Job in 2010 – $465.44
Average Price of a Bed Bug Job in 2011 – $497.52
All indications show 2012 will continue the ongoing increases we’ve seen during the past few years.
Some additional interesting snippets/stats from the 2012 SOI Report from PMP:
  • PMPs reported that Single-Family Residential Homes continue to be the area for the most growth (50%) for their companies, with Commercial/Industrial coming in at 28%, Multi-Family Structures/HOA (17%) and Government/Institutional/Other (3%) coming in significantly lower than previous SOI reports.
  • Customer Retention Rate for 2011 = 82% of survey respondents say that they were able to keep between 76% and 100% of their current customers, up from 76% in 2010.
  • Overall Business Outlook:
  • 2011 – 27% very optimistic/46% somewhat optimistic/22% uncertain/5% somewhat pessimistic
  • 2012 – 33% very optimistic/36% somewhat optimistic/27% uncertain/4% somewhat pessimistic
 
Pest Management Professional Magazine presents, along with Bug Off Pest Control Center, the 2011 New York Pest Expo on 11/11/11. For more information about the NYPE, visit this site. For more information about PMP Magazine, visit their official website. You can preview the digital version of the October edition of PMP Magazine 
 
Bed Bug Fumigation Specialists (BBFS) is a Pest Elimination Company that provides affordable, convenient and 100% effective bed bug treatment solutions, using both Vikane gas fumigation AND Thermal Heat Remediation. Based on the need for options to prevent the infestation of bed bugs in difficult multi-unit urban environments, BBFS has created two unique solutions: The Cimex SMART Cube and The Cimex FUME Cube. The BBFS Cimex Cubes offer cost-effective solutions for discreet bed bug eliminations in hard to service locations such as: Apartments/Condos, Professional Offices, Retail Stores, Used Furniture/Rent-to-Own Stores, Schools – College Dormitories, Hotels and Motels, Hospitals/Assisted Living facilities
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Posted on November 6, 2011, in Bed Bug News, Bed Bug Research Studies, Bed Bug Success Stories. Bookmark the permalink. Comments Off on 2012 State of the Industry Report – Pest Management Professional Magazine.

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