Best Hardware Licensing Services

 In recent years, major companies have altered their product offerings through the capabilities of dongle-based or hardware licensing, exchanging one transaction for several and converting one product into many.  An appropriately scaled software licensing solution is so effective that it is estimated companies could cut their software budget by up to 30% just by optimizing their licensing practices. 

While traditional perpetual licensing obtains your company revenue just once, at the time of initial purchase, hardware-based licensing generates multiple revenue collection points based on how you decide to license your product. The most typical licensing strategies are feature-based, usage-based, and term-based and each with its perks, and they all allow you to increase your revenue.

What is licensing?

From the user’s perspective, licensing or leasing your application using a dongle means replacing one-time fees with lower start-up expenses. Since the total cost of ownership is distributed over time, even businesses with low budgets are able to enjoy a product’s benefits.

It eliminates the requirement for a tedious installation process, empowers the user to upgrade or renew their license fast, and provides a better user experience through customer support and application maintenance.

This approach benefits your company as well. If you decide to offer various features, license terms or use terms that can be updated remotely, you can sell your product more than just once. Leasing your application allows the creator the tools to create multiple revenue collection points within it.

After you decide which form of licensing fits your product best, you can present it to your market by highlighting specific features, usage quantities, or durations.

Why should you license your application?

License your application with the help of the best hardware licensing services. Aside from increasing revenue, multiple benefits come from implementing dongle-based licensing for your software, such as better management of customer support; increased product offerings; and in a few cases, increased customer loyalty.

Better management of customer support

When you package customer support with diversified product offerings, you can concentrate on delivering the most up-to-date versions of your software to your end users and giving them the customer support they require. Hardware-based licensing lets you pinpoint the features end-users desire the most and deliver those features to them efficiently.

Increased product offerings

Through hardware licensing, you can diversify one all-inclusive product into numerous products or tiered product offerings. This makes the product available to a wider market and lowers the startup costs associated with your application. You provide end-users with the best bang for their buck by authorising them to purchase only the features they need rather than forcing them to purchase an all-inclusive product suite.