In the fast-paced world of digital commerce, the subscription economy represents a significant shift in how businesses operate. CloudBlue, a key player in this realm, has been instrumental in aiding companies to navigate this landscape. During an exclusive conversation with Lincoln Lincoln, the Vice President and Head of Global Sales & Customer Success at CloudBlue, we dive into the essential elements that drive success in this evolving market.
Lincoln’s background in technology and sales spans over two decades, with notable roles at companies like EMC and Symantec. His career experiences provided him with insights into the obstacles businesses face in integrating third-party technologies. “In my previous roles, I observed that when telcos sought to resell third-party products, their integration process was often cumbersome, taking months to complete,” he reflects. This realization became the foundation of his vision for CloudBlue: to create a platform that accelerates the go-to-market journey for businesses venturing into the subscription model.
CloudBlue’s platform is not just a marketplace; rather, it serves as a comprehensive monetization engine tailored for the subscription economy. Customers can effectively manage their own app stores, seamlessly offering a suite of business applications, including well-known services like Microsoft Office 365 and Google Workspace. However, Lincoln emphasizes that the true value lies beyond the surface. “A monetization platform encompasses not just the marketplace itself but also the backend processes such as billing, provisioning, and subscription management that are crucial for operational efficiency,” he explains.
Accurate billing and subscription management play vital roles in maintaining strong customer relationships. Mistakes in these areas can have critical repercussions, making robust systems essential. CloudBlue’s value proposition shines particularly in sectors where high volume sales are commonplace, such as telecommunications and managed services. For companies selling a limited number of licenses, the necessity of such a platform might not be as pronounced; however, for those dealing with large transactions, efficient automation can be a game changer.
Moreover, Lincoln believes that too many businesses enter the subscription economy with misconceptions, launching expansive marketplaces with a myriad of offerings. “Often, companies will try to launch with 50 or 60 products, but many of these initiatives fail,” he warns. His advice is clear: start small, focus on a few anchor applications, and ensure that your team is competent in selling these products before expanding the catalogue. This strategic approach not only mitigates risk but also enables a gradual, manageable growth trajectory.
A significant point raised by Lincoln is the underestimated necessity for human interaction in the sales cycle, particularly for smaller businesses. “Simply launching a digital marketplace isn’t always effective. Many small businesses prefer to engage with a trusted local provider who can guide them on product selections,” he notes. This perspective highlights the importance of blending technology with a human touch to facilitate sales and foster lasting client relationships.
At the core of CloudBlue’s operation lies its extensive ecosystem. Lincoln points out that with over 450 pre-integrated products, the company drastically reduces the onboarding time and costs for its service provider clients. The ease of integration means that new solutions can be introduced much faster than in the past, where lengthy setups could inhibit speed-to-market. This pre-integration strategy is pivotal for maintaining competitive advantage in a crowded marketplace.
As CloudBlue continues to evolve, Lincoln is acutely aware of changing dynamics within the industry. One notable transformation is the role of service providers becoming akin to software vendors. “We see service providers increasingly developing their own intellectual property (IP), which has accelerated our growth trajectory,” he shares. The shift signifies a broadening range of services being offered that can cater to emerging market demands.
Customer expectations have also shifted, especially regarding personalization. “With the advancements in AI technology, we’re leveraging data to enhance customer experiences,” Lincoln asserts. Companies that utilize AI to provide proactive recommendations can drive higher engagement and value for their clients. Just like Amazon tailors suggestions based on user behavior, CloudBlue aims to apply similar principles to the B2B sector.
Ultimately, CloudBlue maintains a commitment to innovation and adaptability, aligning its offerings with the evolving needs of partners and end-users. Lincoln predicts significant growth ahead, stating, “We’re continuously refining our approach to ensure we meet the demands of our clients.”
In conclusion, for companies looking to thrive in the subscription economy, Lincoln’s expert advice stands out: “Don’t try to do too much at once. Begin with a few essential products, ensure your team knows how to effectively sell them, and incrementally build from that foundation.”
Success in the subscription economy demands a balanced mix of strategic planning, operational efficiency, and personal engagement—the combination of which can pave the way for sustainable growth.