We’ve been working on an ongoing project with Pacific Software Publishing to locate acquisition targets of companies doing website hosting. Many moons ago I came to the conclusion a lot, and I mean a lot, of businesses would be shocked to find out how and where their websites are being hosted. Here’s a handful of what I’ve seen (and my client has many more examples):
A common refrain in business is to get to know your customers. But what about your customers getting to know you, in specific:
- Unlicensed server software
- Servers in a house basement without climate control
- Antiquated hardware and software
- Hosting as a minimal and (pretty much) ignored part of the business
How you work – using the above example this would include reassuring customers about your equipment, software, facility, support, etc.
Your processes – letting customers know the best way to do just about anything with you including ordering, problem solving, service, etc.
Your people – who are your people, who’s the client liaison for support, logistics, and, most importantly, the following point.
Problem procedures – what happens if there’s a problem with service, delivery, quality, or anything else. In a small business the owner should let it be known they will get involved and help solve any problem.
In buy-sell deals I say one of the three key factors is education (on what it takes to get a deal done). The same with customers. The more insights you share, the better the relationship.
“If things were simple, word would have gotten around.” (Philosopher) Jacques Demida