You’ve probably heard the term ‘buyers’ market’ before, which kind of sounds like a cliché, until the chance to take advantage of a ‘buyers’ market’ hits a market sector that’s of real use to a particular demographic. In the past ‘buyers’ markets’ have tended to be in very specific areas, and for products rather than services, it means that people could, be a bit cute and, buy at a low rate with the option to hold on to their goods until the market price increased, and Bob’s your uncle, profit can be made;
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How does that mean anything for services?
So, if you can make a nice profit by waiting for a ‘buyers’ market’ with various products, how do you make money from a service, such as managed it services providers? It’s not like you can sell the people who run the IT business to the highest bidder, when the time’s right, can you?
It wouldn’t be suggested, you’d probably end up in a bit of a bind however, what you can, really take advantage of being the pure size of the market, and the number of companies now offering managed IT services when compared to the number of businesses that already have a solid IT service structure in place.
How can it be a buyers’ market if the need is so great?
Granted, there is a big need for quality IT service providers and things like VPN’s because, all businesses use tech these days more than ever before, yet peoples generally tech knowledge has stayed, pretty much, the same. That’s usually where a firm can up their prices based on supply and demand. You need it more than they need you so they can bump the price up, and get away with it.
Now, though, because of the increased necessity for ongoing tech support service, in line with tech growth, it just so happens that a huge number of IT support providers are having to offer some pretty awesome service levels in order to win over new customers, and to retain the customers that they already have.
Consider the idea of, saving money, in order to make more of it
The most successful, profit generating businesses of today, saw the opening and grabbed it with both hands. What they saw was an opportunity to make a saving in terms of their IT expenditure. You can employ the services of a specialist firm of IT experts, either in addition to your own, or if you really want to maximise your return on investment, have everything managed externally.
For those businesses that have already made the shift, not only have they now got a more dedicated team of people, doing jobs that they love, they’ve also benefited from an increased level of performance based on slicker processes, zero politics and people’s feelings to worry about, everything just runs, and performs better.
Shaping the future
Based on what’s happened so far in terms of tech and outsourcing services the leading firms really are shaping the future of business and how they operate in terms of infrastructure, and efficiencies. The business owner pays a set fee, ‘usually’, for whatever they need and don’t really have to lift a finger whilst saving money at the same time. It’s a wonder why it’s taken so long for this to start taking formation.
