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Everybody knows the risks of ransomware include a financial cost. But, are you factoring in all the costs? Should you pay if you are impacted by ransomware? Is it worth it?
Free trials, flexible terms, force majeure. What do these terms mean and how should your MSP practice put them into effect? We'll be discussing these topics, and more on today's episode.
Guest: Rob Scott, partner at Scott & Scott LLP
There are many types of managed services pricing models being used today. Whatever model you use, risk should be accounted for somewhere in your pricing of managed services offerings. Towards that goal, risk-based pricing is an effective overlay to your existing pricing scheme and something every MSP should evaluate. Put differently, risk-based pricing is a necessary ingredient to whatever pricing model you happen to use.
If you use per user/seat pricing, risk-based modeling can be overlaid; if you use per device pricing, same thing.
Risk-based pricing is protection for our MSP practice. It insulates it from risky clients unaware of what they should be doing, or unconcerned that their risky behavior is negatively impacting their MSP (and all the other client’s the MSP manages).
For those of you not already delivering managed services around "IoT" devices, it might be ready for you to consider doing so. The market for IoT and security are projected to increase steadily over the next several years. Market demand for these services will further be fueled by increased remote worker environments globally.
MSPs need to be preparing for the following:
Either way, IoT will be playing a significant role in the management of global organizations of all sizes in the next few months and years. Is your MSP practice ready for this opportunity?
In an update from our previous episode on the CARES Act, The MSP Zone speaks with Courtney LaLone, principal with Bernard Robinson & Company, on how the program is doing and whether MSPs should seek out funding. In this episode we discuss the following:
MSP Zone Guest: Courtney LaLone, principal with Bernard Robinson & Company
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