Above Diagram: MSPs expand their services using Collabrance, a Master MSP, for sales assistance, outsourcing their NOC and Help Desk, and a fully vetted technology stack. Master MSPs share access to industry thought leaders, best practices and proven processes to help MSPs grow faster with less risk.
A Master MSP provides a standardized set of IT products and services for a fixed monthly fee that MSPs can markup and resell to their end-user customers.
This blog lays out how Master MSPs fit into the IT industry, how they help your managed services business and why MSPs, VARs, IT Solution Providers, Technology Dealers, and other Service Providers use Master MSPs to help grow their managed services business.
Think of a Master MSP as an “MSP for MSPs!” In fact, a Master MSP is not all that different than a MSP. Like an MSP, they also:
Master MSPs maintain these services at a fixed fee to MSPs who resell to end-user customers at their preferred fee. Master MSPs can also engage in hiring and training assistance, sales training, financing, and peer group opportunities.
A Master MSP provides a majority of the back office IT services and can help an IT provider become a mature MSP, reduce their operational risk, hire and train fewer people, and reduce the capital required to build a Network Operations Center (NOC) (brick and mortar, hardware and software).
Master MSPs already have a mature managed services business model that MSPs can use to “bump” their OML score. Service Leadership, Inc. helps companies understand their “Operational Maturity Levels” using a 1-5 ranking with SLIQ (1-Lowest 5-Highest). For example, a Collabrance partner can go to market instantly and competitively with a 4.0 OML level.
"MSPs at best in class profitability are more likely to use a Master MSP. Outsource so you can focus on your incentive compensation, marketing, sales, account management and financial OMLs. The executive who masters these first, wins." - Paul Dippell, Founder & CEO of Service Leadership, Inc.
Master MSPs like Collabrance already have a mature managed services business model that MSPs can take advantage of to instantly go-to-market with a higher OML instead of trying to build on their own.
Many Master MSP options are available in the managed services industry. For example, Continuum’s size and number of resources are impressive. IT By Design is an option if you need an individual hired employee to outsource. GMS Live Expert is great for 24/7 support. Other Master MSP options include InBay, Live Virtual Help Desk, AVG, All Covered, NocDocs and The 20.
Like any partnership, make sure to engage a Master MSP who best fits your needs and aligns with your culture so they will take care of your customers as you would.
(Click here for ideas of what to look for in a Master MSP.)
Many Solution Providers use Master MSPs to grow their business faster with less risk. IT Companies enjoy several benefits partnering with a Master MSP to scale their managed services business that can include:
Master MSPs work with Solution Providers, industry experts and vendors and have developed best practices, what’s working and what’s not. That intelligence will allow MSPs to avoid missteps and immediately implement proven processes which can result in better service experiences for the end-user customer.
One of the biggest reasons MSPs outsource and partner with a Master MSP is so they can have another team take care of the “day-to-day noise” allowing them focus on the big picture, create differentiation from their competition, and add revenue generating opportunities to grow their business faster.
(Click here for MSP Case Study on why a Solution Provider chose to outsource to a Master MSP.)
Whether MSPs already have an established business, or a company is just making the move to managed services with the help of a Master MSP - it is a strategic move and a big decision.
Complete our Partnership Application if you’re interested in an opportunity to partner with Collabrance as your Master MSP.
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Collabrance, a subsidiary company of GreatAmerica Financial Services, was created in 2009 to help Service Providers gain the knowledge, personnel and resources they need to profitably scale their IT business faster and keep their customers for life.