There are many PBX companies in the telecommunications industry all competing for a limited market share. Many businesses are hanging on to their old phone system as long as they can, and those who have decided to invest in a new system are not quick to move. This equates to a much higher level of competition than ever before. What are some factors to consider when choosing a PBX product line to keep your business competitive? There are several elements to keep in mind to determine the overall value of a PBX manufacturer. Once you determine this and take on a new product, then you must also differentiate yourself on how you market your company and product.
1. Price Point: Although only about 30% of businesses buy on price alone, having a lower price point on your equipment purchase does not necessarily have to equate to a rock bottom price to your buyer. Yes, you want to have a very competitive price point so that you can come in under your competitor. But most importantly, you want the flexibility to have the margins that you need to make a profit.
2. Quality and Loyalty: Having the best price will not get you far if you do not offer a quality product and service. Your equipment must be reliable, and your company must also be reliable. It no longer suffices to keep your customers “happy.” You have to keep them loyal, and that means you must earn their trust. One of the most important factors is equipment quality and personal service. Keeping in touch with your customers earns you loyalty. Don’t be an ‘install it and disappear’ kind of company.
3. Value in the Product: Overall value does not end with price. Being able to offer more features and flexibility with your PBX is extremely important. In order to differentiate yourself from the competition, you should look for a VoIP phone system that is rich in features and does not require extra licensing for every feature the customer wants. A PBX with a large standard feature set out of the box is more valuable to a potential client than one you have to keep adding licensing costs, even if the PBX is cheaper on the front end. Watch out for those back end costs. You also want a product that is easily upgradable so that when the latest features and applications are developed, you can upgrade at a reasonable cost to obtain the latest and greatest.
4. Premise Based and Cloud Based Platforms: Since many businesses are looking at running their communications solutions in the Cloud, it is wise to find a manufacturer that can give you the best of both worlds. While premise based systems are here to stay, it is imperative to be able to offer a Cloud solution to those companies that desire it. Look for a manufacturer that offers a robust VoIP PBX as well as a Cloud based solution. Ultimately, the Cloud based solution would be one that lets you retain control and direct contact with your customer. A hosted option in which you are only a reseller for a hosted company builds up their customer base, not yours!
5. Customer Service: No PBX can fit the value mold without support from the manufacturer. Being able to contact personnel in the US who can actually help you with your challenges is extremely important. You must also receive the proper training to install the systems and maintain them. Does the manufacturer charge for tech support and training, or do they offer it as a value in the dealer partnership?
6. You Are The Final Differentiatior: Once you have chosen your product line, it is now up to you! You must now make the effort to personalize the PBX solution to match the desires of your potential clients. Your company must be known for its commitment to helping customers obtain an efficient and well managed communications solution. Sales is not a part time job, it’s a fulltime commitment to introducing your company to as many people as you can as many ways as you can. Utilize every avenue available to you to communicate the expertise of your company. Use manufacturer brochures, videos and testimonials to build an effective website. Remember, when you meet a potential client they are buying you first! Once they buy you, then they will consider your value offering.
Meeting the requirements of these six key elements will have you well on the way to being a leader in today’s telecommunications industry.
No comments:
Post a Comment