Categories: Education

B2B Software vendors: A simple way to boost profits

EducationSummary: As an application software vendor, why don’t you close every qualified prospect and retain every customer? While the reasons vary, it generally boils down to a simple fact: You’re in the difficult position of selling the same software to different companies–no two of which are the same. You can’t fit every prospect’s exact requirements, or adapt to every customer’s changing needs. But…what if you could?

As a B2B software vendor, what one thing would immediately improve your bottom line? Closing a higher percentage of qualified prospects? Retaining more customers? Of course! Any software vendor that closes the majority of their qualified prospects and retains most of their customers will be wildly successful.

So, let me ask you a couple of questions: Why don’t you close all of your qualified prospects? Why don’t you retain all of your customers?

While the reasons vary, it usually comes down to a simple fact: You’re selling the same software to different companies–no two of which are the same. You can’t meet every prospect’s exact requirements, and your customer’s needs change over time.

Here’s another question: What if you could meet almost every prospect’s exact requirements? What if your software could evolve with your customer’s changing needs? Would that help you close more deals and retain more customers? Of course!

How? We’ve put together a short video that explains how B2B software vendors can close more deals and retain more customers, which you can watch below. I hope you like it. Want to learn more? Click here.

Joe Stangarone

Joe Stangarone is a 40+ year veteran of the IT industry and president of mrc—the software company behind the award winning development platform, m-Power. Joe shares his leadership and technology insights through the Cup of Joe Blog, focusing primarily on ways businesses can save time, money, and increase productivity using technology.

Share
Published by
Joe Stangarone

Recent Posts

How to create a database front-end in 5 minutes

What is a database front-end? As a basic definition, it's a web interface that lets…

1 day ago

POWERCast Webinar Replay: Db2 Web Query Alternative – See m-Power in Action

With IBM pulling the plug on Db2 Web Query, many customers are stuck looking for…

1 month ago

How to build a custom CRM system in 75 minutes with low-code (step-by-step video)

If your business had a choice between an off-the-shelf CRM system and a CRM that's…

3 months ago

7 web application development challenges in 2024 (and a solution)

Summary: As technology evolves at breakneck speed, it brings new opportunities and challenges to web…

6 months ago

What are the alternatives for IBM Db2 Web Query?

In a surprising move, IBM just pulled the plug on Db2 Web Query for i.…

7 months ago

Video Demos: Watch entire low-code development projects

By now, you’ve probably heard all about the benefits of low-code development tools. They let…

9 months ago