Upgrade your Customers NOW! Or Someone else WILL.
One of the biggest risks for any business, particularly business software vendors, is the potential loss of customers. Customers are your bread and butter and they are what helps keep your businesses ticking, the lights on and gets you that recurring revenue that helps you survive.
So, if you want to keep hold of those customers then you need to make them feel special. You have to make sure that they are not tempted away by some flash looking ‘dandy highwayman’, who we’re all too scared to mention, who spends lots of cash in grabbing their attention. Especially after so many years of your hard work to build that relationship.
To keep the dandy highwayman at bay, as a software vendor you need to show that you have your customers best interests in mind. When your customer starts to experience a problem, they should turn to you FIRST – even if you aren’t able to directly provide the solution. This though is good as you can help the client select the right product that doesn’t affect their existing solution and supports their infrastructure. This builds the bond and positions you as their trusted advisor.
However, what your customer (and you) may not realise is that maybe their problems can be solved by upgrading to the latest version of their existing solution. Keeping them up to date with the latest technologies is critically important so they understand what is available to them, how they can avoid risks such as not being compatible with other software upgrades and data protection. Because if you aren’t doing this that dandy highwayman will be lurking in the bushes to jump out and just steal them.
With the release of NAV 2018 those customers that are using anything older than the latest release are at risk of going to another reseller for the upgrade or worse still moving away from your product altogether. Your biggest advantage over the dandy highwayman is that you should already understand the customer’s needs. You will be able to advise them what is best for their business. You can also explain the knowledge gaps that other vendors may not be able to fill should they switch, such as moving away from your IP.
You need to think about how you should be informing your customers about what they have available to them and how easy it is for them to upgrade to the latest version when you use QBS Upgrade services. But what makes this even easier is that your customer can spread the cost of that upgrade monthly instead of a big capital investment. With the combination of QBS Upgrade services and the access to lease/loan through QBS Finance there is no reason for them to be on anything other than the latest version.
If you don’t know it by now there is still plenty of potential for you to generate revenue from those customers, especially your legacy customers. That’s all it takes is to spend a little time making your customers aware of the future potential of the business by upgrading to the latest technology. Better you earn that income than the rogue with white striped face who doesn’t care about the customer’s best interests.
So, Stand and deliver stop making those excuses and provide your customers with some extra special services.
If you grew up in the 1980s then you should know to what I refer, if not check this out.