As a business owner, your first response to any issue that you may face is to solve it yourself. Taking responsibility is what makes you a great leader.
Sometimes you may come across a few difficulties and need assistance from other businesses who hold expertise in the field.
One of the most convoluted departments that may need extended support is the Employee Benefits department.
With a product engineering services providing firm hired to develop employee benefits solutions, you can focus on your core business while the consulting team works on managing the details of your workforce. You’d want to have a customized solution built from scratch to meet the exact requirements of your organization. Risking developing such solutions on your own may create issues like:
- Committing mistakes as a naive
- Slowing down time to market
- Spending more money and time than expected
- Missing experience and expertise
These pitfalls can be avoided if you opt to get a “White Label Solution” instead of building an employee benefits solution on your own.
Don’t confuse how white label solutions can help. We share the details of the concept here that can assist you in making the right choice.
What Is White Label Solution?
White label solutions can be defined as a fully supported product or services that are developed by one organization and sold by another. Here the products are sold without any branding. Thus, the seller can customize the product with their own brand, logo, and identity and let customers associate the product with the seller instead of the developer.
This implies, even if you reach to an IT consulting firm for an employee benefit solution, you can rebrand it as your own and use it for your organization and additionally sell it in the market.
How Do White Label Solutions work?
White label products are rebranded and resold to an end customer. Thus, in the case of Employee Benefits solutions, you can get a plan that would be developed by experienced developers to fit your organizational needs.
Thus, you may get the employee benefits solutions from a broker, but the right team would simplify and modify it to fit your business needs. You would not need to worry about the issues in running the product, as managed qa services associated with the development firm can make things easier for you.
What Are the Kinds of White Label Solutions?
Top IT consulting firms make investigation simple for free programming sellers, software engineers, business advisors, and others by giving detailed analytics along with their products or service offers.
There are two kinds of White Label Solutions that the majority of firms offer:
- Independent Portal based White Label Solution
- Embedded Analytics (with Single Sign-On)
Independent/Portal based White Label Solution
Here, you can set up an analytical portant that permits your customers to get to the reports that you make just as construct specially appointed reports on top of what is offered as default by you.
When you opt for this alternative it will enable you to,
- Make a Custom gateway for detailing
- Totally adaptable login page, header, and logo
- Amazing, profoundly intelligent and savvy representation
- Synergistic Analysis
- Simple User the executives with fine grained control
- Temporary detailing and moment examination for end clients
This kind of white labeling product can be used for:
- Independent Software Developers (who might need a web based revealing/dashboard administration available from anyplace whenever)
- Organizations from all verticals/ventures (deals and showcasing, friendliness, land, producing, car and so forth) who are messaging reports as connections to their customers
- Analysts having ample of information to be accounted for upon/examined
Thus, if you are looking for a white labeling solution for your HCM solutions, then this may be a great fit as it lets you work on plenty of data at once.
Integrated Analytics (With Single Sign On)
This choice is intended for SaaS suppliers like the ones that provide employee benefit solutions, HCM solutions, HRIS solutions, etc. If you have an application offered as SaaS (Software as a Service) and need to offer an incredible announcing answer to go with the administration, this would be an ideal decision. Exploring this service would let you
- Consistently coordinate with your application utilizing single sign on API and SAML
Thus, according to your product type and business needs you can choose the one model that fits you the best. You need to make sure that the white label type you are choosing is in-line with your business architecture and helps you earn great profits.
Now that we know the how, what, kinds of white label solutions let’s see why is this a perfect choice for your business growth.
Why Do You Need White Label?
There are various reasons why your organization may need a white-label solution. Some of the most important reasons are listed here:
1. You Need to Expand Your Product Range
Regardless of whether you need to pull in new clients, keep the ones you have (decrease agitate), or increment your bushel size from your present clients, white-labeling permits you to build the extent of your present contributions. You might be an organization that has practical experience in reputation building, yet your clients are requesting sites or SEO. How can one simply bounce into that?
2. You Need to Land More and Greater Customers
This point plays into the past point marginally, yet on the off chance that you can offer more items and administrations, the more you will have the option to pull in the consideration of greater fish in the lake who need something beyond one advanced item or administration satisfied. You presently don’t have any desire to be a one-stock shop, however, a full-administration office that can be an all-inclusive resource that satisfies your customers’ every need, thus well, that they hold returning.
3. You Need to Upgrade Your Organization’s Image
You need to add more items and administrations, yet you need to do this under your organization’s name. How bizarre would it look in the event that you began offering SEO items or administrations under another brand’s name? Your clients might be somewhat befuddled and could lose trust in your business. Your customers come to you since they trust you and putting your believed image name on a white-mark item or administration not just puts your image name out there additional, it further upgrades your standing as a confided in industry player.
4. You Need to Return to Zero in on Your Center Competency
Building up another product software or another assistant takes a great deal of energy and time, particularly in the event that you don’t have the foggiest idea how to approach building up a program or how to build up the new assistance you need to offer. Adding your name to a demonstrated programming or administration (do your due determination to ensure it is our guide will help), will spare you a great deal of dangers, capital, and time. Things that numerous organizations or organizations besides don’t have in overabundance.
These are some of the top reasons why your organization can move to white label solutions and earn a greater profit.
Wrapping This Up!
Now that you are aware of the white label solutions and how they can help your organization grow. If you want a product that can help your organization earn great profits, reach to a tech partner who could provide you with white label solutions.
Better research would help you build a stronger team and a high revenue generating business.
All the best!!!
