Monetization, Agile Billing and the 'Internet of Things'

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Getting Started on Your Recurring Revenue Project

So it’s final – you’ve decided that switching to a recurring revenue model is the best decision for the future growth and success of your business. If you’ve been following along in this series, you’ve already asked the biggest questions, weighed the revenue and vendor options, participated in important conversations with stakeholders, and identified the necessary metrics to measure success. Great! All of these steps are critical to the implementation of your recurring revenue system.

So now what? Where do you start? You start by taking the first step. After all, the secret to getting ahead is getting started. Gather the information you’ve learned in this series and put it together to create the roadmap that leads to recurring revenue success. I’ll give you a push – the first step is to definitively answer one question: What is your strategy to grow your business? Answering this question will give you an idea of the recurring revenue model that best fits your needs, from the adopted subscription options of The New York Times to the disruptive monetization and consumption models of Netflix. It begins with understanding your overall strategy.

Now you’re officially ready to roll. After you’ve identified your overall strategy, keep moving and assemble the stakeholder team, assess your readiness to support a recurring revenue solution, and create a plan. Putting these steps into motion will provide you with a strong framework to take to the next level of implementation: articulating your requirements and shopping for a system vendor. Remember, for every big step there are many sub-steps in between to build a solid foundation. Pay close attention and put forth full effort. Do yourself a favor and don’t cut any corners – it will only hurt you in the long run.

Deploying a recurring revenue project isn’t a business upgrade – it’s a business transformation. The No BS Guide to Recurring Revenue will help you ask the right questions, identify your business strategy, and provide you with best practices to get you moving towards recurring revenue success.

Download the guide today and take the first steps to implementing your recurring revenue model.

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Eileen Bernardo

The post Getting Started on Your Recurring Revenue Project appeared first on Recurring Revenue Blog | Aria Systems.

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The Aria blog is the place for news, commentary and discussion on monetization, agile billing and IoT. We cover a variety of topics including forces of market disruption, the Monetization of IoT, billing best practices, trending news and what monetization will look like in the future. Our hope is that you’ll become better informed, be entertained and in turn share your thinking, ideas and comments.