The features that each of these companies provide is invaluable for businesses. We can’t do without most of them in some way and when they started you, like me, probably turned on all the features and opted into their “labs” to test out new features. Then things changed.
These companies are now mature and they command respect as market leaders. Their financials are also very healthy because they’ve managed to monopolise some aspect of their market. These are some of the things that has happened to me over the years, has this happened to you?
My first memory of distrusting a company was with Microsoft. The way they went about eliminating Netscape (after I just purchased the software in a retail box) was a demonstration of their market power but it shows through in so many other ways.
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I have to say that i can’t find a reason to mistrust Xero. When they have a price increase they often incorporate a benefit for their users, like they did when they bought Hubdoc.
Yes, the prices have continued to go up in the last couple of years but so to do the rates for other accounting programs.
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Usually we don’t trust software companies
A change makes us realise that we don’t own the software and are at the whim of feature choices of the management of these companies.
The example that stands out the most to me for this is MYOB and the number of changes they made in the past that affected most of their users. Some of the most disruptive changes they made related to third party software companies that “integrated” with their Window based software (MYOB AccountRight) when the internet was in it’s early days.
MYOB, like Microsoft has made significant changes to the “navigation” of their software too and these are some of the worst things you can do because it stops users from being able to use the software – even if only temporarily.
As a training company we’ve often benefited because students will do a course to get up to speed quickly but when it happens by surprise like MYOB’s changes to MYOB Essentials (now called MYOB Business Lite and Pro) it left us having to urgently make massive changes to several courses and apologise to our students.
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If you are interested in learning more about the Anti Trust case that Microsoft went through in 2001 you’ll find this Wikipedia page full of useful information.
Many software companies leverage their strengths to grow bigger and it can be a fine line between normal, competitive business and Monopoly power.
It seemed that out of nowhere we started spending over $200 per month on email marketing software using Mailchimp for a software program that we don’t really “use” on a regular basis. It is used to collect email addresses for prospects and customers and enable us to broadcast our email blogs to these subscribers but it’s not software that we log into daily to perform tasks.
We integrate Mailchimp with these software programs.
Naturally we want to build our subscriber base as much as possible but when you start spending several hundred dollars per month on it you start looking into what you are actually getting for that money and I have to confess that I’m not convinced it is the best value.
Here are some of the reasons why:
I looked at reducing the size of our audience because we had a lot of crap in there and it took a lot more effort than I thought.
Firstly I had to “archive” all unsubscribers otherwise they would add to my audience. Then I had to remove some of the extra “audiences” I created while I was getting to know some new features in past years. Then I learnt that I can’t just remove an audience if there is an Automation attached to it!
When I looked at the automations I realised that there are Customer Journeys (the new automations) and then there are classic automations – the earliest automations that were originally available.
MailChimp is an incredibly powerful email marketing platform that is now owned by the owners of QuickBooks Online and it can actually tell you when a sales has been the result of an email marketing message!
The end result is that I am now only sending email marketing messages to those subscribers who actually opted in to receive them. I had to go through this process to reduce my monthly bill from $200+ to just over $100pm yet my benefit is exactly the same.
Shame on you Mailchimp for automatically opting your customers into more expensive features and services without asking if they want to opt in!
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