Generating recurring revenue streams for your business
An intelligent, integrated, connected power system, which includes PDUs and UPSs, can monitor and log numerous environmental variables, including input voltage, load current, temperature and humidity condition. These systems can also alert managers to any irregularities that need immediate attention. In emergencies, a smart system can even reboot or take another action to correct problems on its own.
For the AV integrator, a systems approach also opens the door to potential new business. Armed with customer data logs and the knowledge that systems have protections in place, integrators can recommend extended warranties and ongoing service contracts to clients.
Recurring revenue streams create a stable cash flow, contribute to client retention, increase the client base, and ultimately strengthen the bottom line. While strategies vary, the basics of a plan could include 24/7 remote system monitoring, troubleshooting and proactive preventative maintenance. By adding these line items to existing service contracts, integrators ensure peace of mind for the customer and continuous growth for their business.