JUNE 22 2015
The global SMB web presence market has reached $17.3Bn in 2015 and will grow to $25.6Bn by 2018 according to the latest research from Odin.
Across Europe, over 50% of SMBs do not have a website and of those who do, typically 50% are dissatisfied with the one that they have, which leaves a significant 75% addressable market.
There is huge opportunity for service provider organisations who already work with SMBs, who can launch online presence services to:
The above points are clear, yet many organisations have failed and only some have succeeded.
What have the winners done? We have narrowed it down to 5 critical factors:
The problem with sales for many software companies is acquiring customers. Telecom operators, directories, hosting providers and other service providers already have a huge bank of customers to up-sell to and the channels to make it possible.
Successful players have leveraged their existing physical store presence, inside and field based sales teams as channels which online-only players lack.
What is the point in acquiring and getting customers launched easily if they will need to switch to another provider when their needs grow and they need more functionality?
Once your customers launch and start to grow and become successful, quickly they will want to take things to the next level and so it is important to enable customers to achieve both their design and functionality requirements.
As SMBs requirements grow, they need several specialist applications (CRM, accounting, unified communications, etc).
Almost immediately it becomes clear that there is value in ensuring these applications can work together so users can setup and share data between applications and get the most out of them. There are many adjacencies and customer journey possibilities (website sending data to CRM; combining a single inventory database across physical and virtual stores, etc).
When it comes to websites, many businesses are too busy to do it themselves and prefer a professional to take over.
Offering professional and value-added services in addition to self service shows customers that you can help them no matter what their requirements and is a high-value and high-retention business.
There are a number of leading companies in the market who can provide fulfillment under your own brand.
Summing up, success in this industry depends on getting customers started easily, but more crucially, on providing unlimited growth and customization to provide viable long-term solutions for your customers.
Mono Solutions is the only online presence platform that enables customers to start easily and grow indefinitely without ever needing any coding knowledge without ever compromising on quality. We are proud to partner with over 60 companies worldwide in white-label partnerships.
Talk to us about how we can help you.
Chief Executive Officer