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Msp sales process for Support
Msp sales process for Support How-To Guide
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FAQs online signature
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What is an MSP sales process?
Managed service provider (MSP) sales refers to the process of selling managed IT services to potential clients, including network monitoring, cybersecurity, data backup, cloud computing, support, etc.
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How do you become a successful MSP?
The most successful MSPs: Focus on efficiency. An MSP's job is to ensure that their client's business is functioning smoothly 24x7. ... Make data security their priority. ... Help clients meet their business needs. ... Help their clients innovate.
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How much do MSP sales reps make?
Msp Sales Salary Annual SalaryWeekly Pay Top Earners $138,000 $2,653 75th Percentile $123,000 $2,365 Average $103,523 $1,990 25th Percentile $79,000 $1,519
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Is MSP business profitable?
That said, Service Leadership INDEX research indicates that the average profit margin for MSPs is 8 percent, while “best in class” MSPs have margins of 18 percent. MSP Profit Margins: How to Calculate and Ways to Increase - MSP360 MSP360 https://.msp360.com › resources › blog › msp-profi... MSP360 https://.msp360.com › resources › blog › msp-profi...
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How do you manage an effective MSP?
Best practices for partnering with MSPs Establish your business objectives clearly. Begin the process by establishing clear business objectives. ... Pick the right MSP. ... Maintain open communication channels. ... Setup clear SLAs. ... Establish regular performance review schedules. ... Chalk out growth plans with MSP. ... Focus on security. Best Practices For Working With Managed Service Providers Cloud Kinetics https://.cloud-kinetics.com › blog › best-practices-f... Cloud Kinetics https://.cloud-kinetics.com › blog › best-practices-f...
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How do I get clients for my MSP?
What are the top tips to get MSP clients? Understand Your Target Market. Create Stellar Services. Develop a Strong Online Presence. Build a Strong Professional Network. Implement a Robust Referral Program. Focus on Exceptional Customer Service. Invest in Professional Development. Prepare an MSP Client Onboarding Checklist. Top 10 Tips to Get, Manage and Retain MSP Clients The Domotz Blog https://blog.domotz.com › think-like-msp › msp-clients The Domotz Blog https://blog.domotz.com › think-like-msp › msp-clients
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How do MSPs make money?
Clients pay a regular fee for ongoing access to IT services, including network management, data backup, and cybersecurity. This model benefits both parties; clients enjoy predictable IT costs, and MSPs secure a steady income. Financial Mechanics of MSPs Making Money Explained - Octobits Blog Octobits Blog https://blog.octobits.io › it-strategy › behind-the-scene-fi... Octobits Blog https://blog.octobits.io › it-strategy › behind-the-scene-fi...
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What is the MSP sales funnel?
To be effective in your sales and marketing efforts, you must first have a solid understanding of the MSP sales funnel. The MSP sales funnel is the process through which a managed service provider attracts, nurtures, and converts leads into customers.
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[Music] foreign [Music] okay it's my pleasure to introduce our final speaker before we break for lunch in the expo hall Jennifer Pierce is a security advisor and partner success manager at Galactic advisors they provide coaching and Technical Training to msps to help them reduce their security risk Galactic also offers cyber security Audits and Pen testing to improve MSP security posture and gives them proof points to be able to sell more advanced security products Jennifer are you ready to bring us home all right Jennifer the stage is yours foreign [Music] good afternoon everyone I know you guys are anxious to get to lunch so we will be super quick and easy and fun I'm with Galactic advisors and today we're going to talk about the secrets to creating a great sales process that really works so I'm Jennifer he said and why on Earth do you even care well because I have figured out and been in your shoes when it came to figuring out how to grow your MSP how to get through to those CEOs that really maybe don't understand a word you're saying and build a simple process for leads and offering a whole new Revenue stream through vcso and this is from experience not Theory just two months ago being right in your shoes winning the battles that you want to win to increase your Revenue and now I get to help each and every one of you MSP owners be on a mission to help one million people we do this in three ways we have a stress-free third-party cyber security assessment we also provide tools scripts and the framework that and training with over 120 secops classes marketing and branding slide decks already written scripts and everything you need to reduce your risk and increase your profit an easy scalable way to demonstrate cyber security risks to your clients and process prospects and this is what we're going to focus on getting through to the CEOs how many of you have lost a bid to a cheap competitor and you know they weren't right for the client their Cut Rate taking shortcuts how many of you already offer an advanced security stack with your MSP offering this is crucial to stay competitive in today's world and what we're going to show you is that you want to have these things separately so that you can compete you do not want to compile it all together in one big lump because when you go up against your competition you're sitting there trying to explain why you're so much more expensive don't start from the back side make it easy on yourself and price your basic I.T with your Advanced cyber separately so that you can compete on that low price and then show them why you're so much better and you're going to do this through an analysis also how many of you put a label on your model year every year anyone no one great easy way to increase your Revenue without making anyone upset people understand they need new models on their cars they're going to understand that they need the most updated defense that exists so this five steps is really the key you use your incoming lead forms and when they call in you find out why are you calling right now and schedule a 26 minute assessment call then send them out a credibility email that includes some testimonials from you and an NDA you want to make sure they feel secure with that non-disclosure agreement to tell to let you look behind the scenes you schedule your phone call and on the phone call you ask questions to build anxiety and uncover the risk that they have in their organization you're going to perform the analysis and this is the key while they're on the phone with you you're going to get them to click a link to do the analysis and it's going to become very important later you're going to see why that's the Super Key piece of this puzzle and then before they hang up you schedule the readout so you can review results with them and instead of being a straight line it actually ends up creating momentum for you as you push towards this process of winning new clients and expanding current clients you're going to use an anal analysis even when it's your best friend's referral never underestimate the competitor's cheap competition to try to edge you out on price I've seen it happen don't let that happen to you the analysis is what clears the path and what creates an 83 percent close rate because it drives a wedge in between the incumbent and the prospect creating urgency and why a third party assessment because if you don't use one this is what they're thinking well of course you're going to say I need all these things you're trying to sell me of course you're going to say that you want everything negative coming from that third party so you swoop in with all the answers they need and all the opportunities to look like the hero this process is a proven process that works time and time again now has any of you ever sent a link to somebody and they didn't click it this is why you do it while they're on the phone with you they click the link We analyze the security and get you a full readout in only two business days so that very quickly you can move this process along and get through the readout have you ever had a time when a client didn't call you back ever anyone just me okay so when they're not calling you back if you've done what we said and you got them to click the link and run the analysis on the call instead of calling them going can you click the link can you click the link and selling sounding like desperate Susie you get to call them like this hi Joe I found some things that are very concerning about your report and I want to make sure we're able to go over them you know your phone's going to ring like that it's going to be very quick and those obstacles fall right out of the way and the goal of your meeting is education we're not pushing shoving buy or die now old 1972 used car salesman I remember going with the MSP at the beginning and hearing all this Tech jargon watching that CEO's eyes glaze over as he goes bird squirrel secretary you lost them right they're totally gone let the report do the work for you they look up there they see all the red and they go why am I paying so much for my cyber security and it's not even taking care of my problems so you're going to show them exactly what they need and why and you're going to use stories to illustrate your risk because raw data is a mess organized data is better but boring but when you tell a story it has an impact that they can remember and know why they need to choose you so I'm going to show you just quick formula example this is a great time to take a picture you want to have this formula and we're going to use a simple example this reminds me of a partner we had in an accounting firm they thought they were safe until they came back after a weekend and found that hackers had submitted 180 fraudulent tax returns causing the IRS to suspend their ability to e-file so where's their business going they're going to lose Millions and all because they cracked one password and you know on our reports we never find Just One cracked password you are relating the findings to a business impact that truly is the heart and soul of their business and it means something to them that's how you get them to move and so your solution will present the basic I.T plus your security stack review that agreement with them and then ask them this crucial question do not forget besides price what would stop you from agreeing to work with us because I guarantee you after you tell them the price they're not going to tell you the answer they told me when I asked this and he had to say well no I love this solution sounds great but my dad has to approve any expenditure over a thousand dollars a month and he told us he is the CEO every decision maker for four years he had said that and we never knew he actually had to go somewhere for a price if it was over a thousand a month and then we knew what we were doing and what we were dealing with and we could help him so present your numbers get in there hand them the Magic Pen ask me about magic pens later I will tell you a great secret and then wait and if your Tech is with you explain this to them that you're going to make them wait and if they talk they have to walk home because you're asking them to sign and you're getting the answer by if they're going to sign or not and that is an easy way to win right then and there now if you've followed all of these processes this is the process that does have that 83 percent close rate and you can come by the booth we can talk about it more in depth but one last thing don't provide your vulnerability scan built in and think about it do you have people analyzing your vulnerabilities in your system you probably do but it's probably not a good idea for them to proofread their own work that's why there's a thing as third party audits the taxes don't let you do it neither should cyber security are you giving away that work for free what if there was a better way a new way with not just a vulnerability assessment but a third party penetration test on Google you can anyone can Google it it's worth ten to thirty thousand dollars but we have partners of ours just like you charging 375 to 11 000 per month and one VC so offering is charging 25 000 a month which they pay us 700 a month for the privilege of doing the profit margin on these offerings are amazing so you have your MSP your cyber security stack your compliance now you can offer VC so you can also offer third-party reoccurring assessments for more dollars these are great extra revenue streams for you just waiting to be collected and we can help you get there do not sell this as part of your security stack and if you're not a partner would you like to know if you're the one spreading all the ransomware some of you at least two of you have told me I don't want to know but I don't believe you I believe you want to protect your clients as great as you can so if you would like to find out if your security solution would detect or stop and attack see me today how many of you have had a third party audit within the last six months last 12 months okay so today we will analyze your security show you how your tools respond and give you all the steps why do we want to do it we want to protect a million people so today you are all winners and not of a headset or a great new Yeti cooler but of a cyber security assessment worth ten thousand dollars to protect each and one of your businesses to see how this process works and how it can generate more income for you than you thought possible so see me today later today I'll let you get to lunch thanks everyone and have a great day yep [Music]
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