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How to Build a Successful Recurring Revenue Model
Increasingly more and more organizations are adding recurring revenue-based offerings to their service and product portfolio. If your company is thinking of adopting a similar strategy, there are some valuable lessons to be learned from those that already have recurring revenue models.
Read this white paper to learn key implementation elements to building this kind of model. Additionally, discover four questions to ask yourself before your project of implementing recurring revenue-based offerings, including:
- What are the offering’s functional components and associated pricing levels?
- For electronically delivered offerings, how will offering content be stored, delivered and provisioned?
- What existing business applications must be integrated into the offering infrastructure?
- And how will billing and collections be handled relative to your current billing system?