CR-T Blog

This is some blog description about this site

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Archives
    Archives Contains a list of blog posts that were created previously.
Posted by on in IT Blog

Can Businesses Learn from Netflix

Netflix unexpectedly announced a split between their two offerings, DVD-by-Mail and their streaming service into two separate services. This is surprising as Netflix has continued to grow in popularity and profits every quarter. Why fix what isn't broke? After all, the streaming portion of Netflix claims about 20% of North America's bandwidth during peak hours, which is certainly saying something. Is there something for small businesses to learn from Netflix?

When chief executive Reed Hastings announced the split (after already announcing a large increase in price a couple months back) stocks dropped. Many Netflix subscribers were confused by the announcement, and likely, many unsubscribed. That's not moving forward, is it?

On the other hand, Netflix (the streaming service) is a widely used portion of the business, and instant movies on demand is very attractive for customers and getting easier and more popular. Infrastructure-wise, it is cheaper to manage and maintain the massive streaming data centers as opposed to facilitating mail centers, and it is better for the environment to boot. Most modern DVD and Blue-Ray devices offer streaming capabilities and many televisions are jumping on board. Video game consoles and mobile devices are very capable of streaming movies as well. It's so simple and sensible that it makes the snail-mail service seem obsolete.

Is Netflix consciously pushing consumers away from one of their services to eventually only target streaming media? This could be the case. The streaming service is more economical to run for the company and most users alike. It's likely this is a situation where you are either on the boat or off the boat. Most importantly, Netflix is sweetening the deal by promising to improve their streaming library.

This basic principal can be a valuable one for small businesses, especially when you have legacy products or services that you just can't quite eliminate due to customer demand. Make it a no-brainer to move over. Yes, you will get some negative feedback, and not everyone will change their ways, but you may have customers on the newer services anyway who would love to see your focus shift completely towards them. Furthermore, embracing technology that streamlines your offering might not pay for itself at first, but in Netflix's case, the innovation eventually changed the face of the business.

What about your business? Has technology been able to completely change your service offering? What have you done to migrate customers to new services from legacy ones?

Last modified on
Tagged in: Technology The Cloud
My Background has been developing CR&T, an IT services MSP (managed services) and enterprise fulfillment company. I enjoy helping companies and individuals find their way through the thick of things. I think technology is only as good as it is used.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Wednesday, 16 April 2014

Archive

Categories

Tag Cloud

Gadgets Scheduling Law Firm IT Bring Your Own Device Hard Drives Excel Point of Sale Social Media Computer Java Computer Repair Windows Value Best Practice Text Messaging Saving Time IT Solutions Unified Threat Management Business Continuity Firewall Upgrade Software User Error Communication Disaster Recovery Mobile Computing Health Content Filtering Video Surveillance The Cloud Managed Service Providers Twitter It Issues Technology Mouse Data Innovation Current Events Phone System Avoiding Downtime PowerPoint Privacy Computer Accessories Router Android Trending Mobile Devices Business Computing IT Services Recycling Wearable Technology Malware Alerts Webinar Piracy User Tips Spam Small Business ebay Miscellaneous Antivirus Scam Social Networking Apple Internet Document Management Productivity Application Saving Money 3D Quick Tips Cloud Browser Outlook Facebook Outsourcing Conferencing Analytics Marketing Admistrator Sports Google Holiday Leadership Gadget Fax Server Smartphones Email Windows 8 Tools PC Care Security Vendor Management File Sharing BYOD Lithium-ion Battery Print Server Backup iPhone Help Desk Tech Support Co-managed IT Efficiency App Information Technology Administration Digital Payment Social Thank You Users VPN Customer Relationship Management Going Green Wireless Technology Managed Service Provider IBM Training IT Consultant Trojan Hackers Mobile Webcam Macro Humor The Internet of Things Remote Computing Apps Bluetooth Printer Virus Web Marketing Microsoft Work Station Network Tutorials Remote Monitoring Operating System Mobile Device Management Virtualization Keyboard Shortcuts Maintenance WiFi Touchscreen Microsoft Office Office Inbound Marketing Hosted Solutions Passwords Augmented Reality Workplace Tips Best Practices Hardware Phone Systems Congratulations Business Management IT Support VOIP Streaming Media Mobile Office History Gaming Console Business Intelligence Remote Support Server Smartphone Mobile Device

Twitter

Latest Blog Entry

The Heartbleed Fallout
Last week, the Heartbleed bug was identified as a weakness in the OpenSSL cryptographic library, potentially leaking two-thirds of the Internet's secure information from any websites utilizing this en...
Continue Reading...

Latest News

Our Site Has Launched!

flag

Welcome to Our New Site!
We are proud to announce the unveiling of our new website at CR-T!

Read more...

Contact Us

Learn more about what CR-T can do for your business.

callphone

Call us today    801.222.0930

116 South Mountain Way Drive
Orem, Utah 84058

facebook twitter linkedin#