The number and value of subscribers plays a huge role in the success of telcos. The larger the number and higher the value of each subscriber, the better is the revenue. So, for operators, it is vital that they have the right strategies in place to attract large number of valuable subscribers for their business. And this can only be done if you have the right online billing solutions.
Implement Best Strategies with Futuristic Online Billing Solutions
Slowly and steadily, telecom industry is evolving and changing. Popular technologies like 5G and IoT are coming into the fold and need to be monetized along with staple prepaid and postpaid services for attracting maximum attention from customers. Below are some innovative strategies that can be implemented:
Offer cross-product discounts
Bundle multiple services together and offer discounts on lesser-used services when a customer opts for a popular service. This allows you to earn revenue from resources that were going waste, and at the same time customer is attracted by the discount on offer.
Allow subscribers to create their own plans by using self-care option. Provide them unique logins, which can be done by employing a multi-tenant platform. Each customer should be able to login and add/delete the services from the basket.
Offer itemized bills
A convergent billing platform can be really useful for MVNO mobile virtual network operator when it comes to growing trust amongst its subscribers.
Telgoo5 is one of the top most online billing platforms for MVNOs that can help them inspire subscriber interest and improve their revenue.