{"id":148096,"date":"2022-10-13T10:16:03","date_gmt":"2022-10-13T15:16:03","guid":{"rendered":"https:\/\/www.een.com\/?p=148096"},"modified":"2023-04-19T15:25:07","modified_gmt":"2023-04-19T20:25:07","slug":"five-benefits-of-recurring-monthly-revenue","status":"publish","type":"post","link":"https:\/\/www.een.com\/nl\/blog\/five-benefits-of-recurring-monthly-revenue\/","title":{"rendered":"Five Benefits of Recurring Monthly Revenue"},"content":{"rendered":"\n

Make the Move to Recurring Revenue and Grow Your Business<\/h2>\n\n\n\n

While the physical security industry has existed for decades, the technology available to resellers and end users is more advanced and varied than ever before. Yet, many security integrators are stuck doing business the same way they did decades ago. <\/p>\n\n\n\n

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Download our Four Step Guide To RMR Sales<\/a><\/strong><\/figcaption><\/figure>\n\n\n\n

Businesses of all kinds are adopting cloud technology in some way, including email, phone, and backup services. As businesses embrace these new technologies, they are seeking out security solutions that match the benefits of other cloud-based tech. Integrators that develop a strategic business plan to sell recurring monthly revenue (RMR) subscriptions will secure future opportunities and grow their business. <\/p>\n\n\n\n

Consider cloud video surveillance as one example of where the security industry is headed. A 2022 video surveillance market report by Novaira Insights<\/a> found that 68.3% of businesses polled thought their organizations will move to managing things or storing more of their video surveillance data in the cloud. The same poll found 53% of those businesses said the pandemic either \u201cstarted\u201d or \u201caccelerated\u201d their cloud strategy for video surveillance. <\/p>\n\n\n\n

Providing customers with a subscription model can be a game-changer for your business. From substantially higher margins to better customer retention, now is the time to consider shifting part of your security business to a recurring monthly revenue sales model. Eagle Eye Networks<\/a> resellers can rapidly grow recurring monthly revenue with the industry\u2019s number one cloud video surveillance system. <\/p>\n\n\n\n

RMR is like any subscription-based service, where customers pay on a monthly or annual basis for a product or service. While it is a different approach than the traditional systems integrator one-time purchase order (P.O.), with time and thoughtful implementation, it can transform your business. It is not necessary to give up one-time P.O. income to implement this model, and there are many practical ways to achieve this model successfully within a traditional security business. <\/p>\n\n\n\n

While there are challenges to any shift in business structures, understanding the benefits of RMR is the crucial first step. Here are five ways the subscription model will enhance your business.<\/p>\n\n\n\n

Five Ways RMR Will Enhance Your Business<\/h2>\n\n\n