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Your product install base provides a huge opportunity to grow service contract revenues and profits, but attach and renewal rates for extended warranty and service programs (EW/ES) stay below the desired levels.In a recent study among professionals involved in selling Extended Warranty /Extended Service (EW/ES) programs, they were asked about their Plans to Grow EW/ES Revenue. Here is what their responses indicated:
The Best Practices from the industry can be a good source to find the strategies and tactics to become more effective in marketing and selling extended warranty/service programs. In a series of articles, we have been exploring these practices that can help you grow service contract sales.
You can read previous three articles in this series on the best practices: