Why Monitoring Your Creation Cost is Important to Your Business
Tracking and managing your costs associated with generating new customers is critical to building a profitable alarm company.
Tracking and managing your costs associated with generating new customers is critical to building a profitable alarm company.
Adding new RMR is critical, but you want to do it in a cost effective way. Learn how to calculate your creation costs.
With an increasingly competitive security industry, it has never been more important for you and your security company to think strategically about developing and growing your alarm business.
Attrition is one of the most misunderstood concepts in the alarm industry.
Thanks so much to Kelly Bond, Alarm Capital Alliance’s Senior Vice President of Business Development, for hosting “Transforming your Company into a High-Value Business.”
Homeowners see buying a security system as an important investment and a long-term commitment.
Not all customers are the same, or have the same risk of cancellation.
It’s a fact: keeping your existing customers costs your company less than getting new ones to replace ones that cancel; and the longer you keep a customer, the more profitable the relationship becomes.
Attrition might be a fact of life, but that doesn’t mean you should ignore it. Here are a few strategies that can help reduce your attrition.
Whether your goal is to sell your company and make a complete exit, obtain much-needed capital, or look for a strategic partner to help you grow your business, you want to get the most value for your company and your accounts.