Insights on How to Productize Services and Solution Offerings

A collection of news, insights, and best practices for productizing services, conducting market research, developing new products, and commercializing offerings.

Ten Key Steps to Standardize and Scale Professional Services

At a macro level, professional services firms are navigating a rapidly evolving landscape. Pricing pressures, expanding down-market to serve smaller clients, advancements in AI and automation, and the need to mitigate labor market exposure are reshaping the industry. For example, in a Q4 2024 Source survey, 58% of clients reported that they are expecting professional service prices to fall (up markedly from 27% in Q3). These shifts are driving firms to rethink how they deliver their services. Standardizing and templatizing the delivery of custom services has become not only a competitive advantage but also a necessity for long-term growth and sustainability.

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Great Product, Failed Launch

 

One Chief Revenue Officer of a B2B services firm that recently failed in their productization efforts shared,

“There was this assumption that we could just hand the new product over to the sales team and they will sell it because ‘it's new, it'll be exciting!’ That's not the way it worked. 

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Building a Culture of Digital Fluency for Innovation and Growth

A few weeks ago I was speaking with a prospective client who had recently sold his consulting firm to a larger, global firm. He wanted help persuading the parent company to invest in growing a niche SaaS product that his team created. He was frustrated by the parent company’s inability to understand why it would be useful to supplement their consulting services with this SaaS product. At one point in the conversation, I asked him to drop a hyperlink into the chat. He said, “I don’t know how to do that.” 

Digital fluency and product innovation
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Can Incentives Help You Productize?

One CEO recently shared with me, “We need to restructure our incentive plan. Our consultants are all incented on short-term revenue, which is making it very hard to get traction with our new products that have lower price points but better margins and more revenue visibility.”

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