Blog to share our thoughts
Don’t get left behind…
Published: 04 January 2019
It’s no secret. Cloud computing and low-cost competition continue to force the managed services industry into commoditisation. MSPs must innovate and enhance business practices if they wish to retain value and keep pace with competitors. With new providers emerging into the marketplace every day, this creates a “me too” scenario and standing out from the crowd becomes a difficult task unless portfolios and customer service are remarkably unique.
Making hasty decisions to lower prices in an attempt to retain and gain customers by advertising as the “best service and value” MSP creates a lose/lose scenario for all involved. Although cheaper prices may look appealing to a prospect, the last thing that they want after signing a contract signature is to discover that they are a captive and not a customer. There’s no use in MSPs going above and beyond to win a new customer and then neglecting them shortly after acquisition.
An evolved role
Customers expect their service provider to understand their requirements, goals, and challenges, and rightly so. It is no longer just about taking care of a customer’s IT needs but rather being involved in their business strategy, planning and execution and taking on an advisory role. Customers want to be informed and supported on their journey, receiving guidance on business activities like capacity planning, business continuity, disaster recovery, budgeting and right-sizing infrastructure to meet customer needs. This approach will not only improved contract renewal rates but also increase margins on accounts. A small price to pay in terms of time, in exchange for a large ROI in revenue.
Turning a blind eye
Many service providers are not actively making the effort to go above and beyond to improve customer relationships, nor do they have the will and means to do so. The main issue is the continued focus on new customers to drive revenue while ignoring the underlying issues that exist for current customers.
This is a part one of a three-part blog series.
- Having difficulty taming broadband connections?
- Highlight tames unruly Broadband connections
- Anthony runs the London Marathon 2019!
- Is Shadow IT really the problem?
- Cloud & Fibre differentiates its services with Highlight
- Highlight launches suite of Managed Services in combination with its SaaS cloud network and application monitoring and reporting platform
- Service managers first in the firing line
- Avoiding the perfect storm
- Blackstar Solutions enhances customer retention with Highlight
- The advantages of bundled Managed Services
- Highlight is back on the road for The Sound of Gamma Roadshow
- Types of MSP models in play
- Transparency leads the way
- The problem with the SLA and NPS
- Don’t get left behind…
- What does 2019 hold for Managed Service Providers? Here’s what Highlight thinks…
- Are you still using ancient IT systems?
- P2C Communications steps up customer service and finds perfect sales tool with Highlight
- Highlight awarded Best Cloud Platform-based Managed Service Solution 2018
- The importance of managing downstream suppliers