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The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Editor's Note: Take a look at our featured best practice, Five Stages of Business Growth (25-slide PowerPoint presentation). This presentation introduces a framework for entrepreneurs to use when building and navigating their business from a nascent, startup state to an enterprise with a global footprint. This framework, called the 5 Stages of Business Growth, is based on the fact that all businesses experience common [read more]
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Entrepreneurs and organizations review business services that could offer reliable earnings and maximize profits. Many of these companies want to expand the services they offer clients and fulfill business needs in certain niches. Most, if not all, companies need legal signatures from clients to secure services or complete transactions. E-signature services make contract acquisitions more efficient and eliminate common costs and delays. Continue reading to find out what white label e-signature businesses are and if becoming a reseller could add a new income stream for your company.
A white label e-signature business is a reseller who offers e-signature services to other businesses for a fee. These businesses pay a third-party provider to get the services and set up services for clients, and the customers do not know there is a third-party service provider since all services have the reseller’s logo and branding materials. Get started as a white label reseller by contacting mSign and get a contract for the service opportunity.
All businesses have a need for electronic signature services to process contracts and applications faster and operate their business more efficiently. Client services such as personal loan applications and secured financing through lenders require a legal signature, and many customers prefer to deal with lenders online. An e-signature reseller can accommodate the needs of these clients and get legally binding contracts after stringent identity verification.
To get e-signature services, a business owner goes to the white label reseller’s website and sets up a user account. Next, they scroll through the e-signature plans and find the best package for their organization. Once the business owner pays the fees for the services, the service provider gives them access to the e-signature services, and the organization can start using the services immediately.
Essentially, white label means that the services do not have existing branding materials for any specific company. The third-party provider applies the reseller’s company logo and branding materials to the services to attract clients to the reseller’s business. Since e-signature services are available as white label services, any reseller can offer these options to clients as a service their company provides to customers. Many companies become resellers to expand the services they offer customers and gain a new income stream. The reseller doesn’t have to do anything other than close sales, and the third-party provider does the rest.
Any reseller business opportunity offers a chance for a company to generate a reliable passive income. However, the high demand for e-signature services makes these opportunities incredibly lucrative for many entrepreneurs. Even small business owners can maximize their profits and increase the success of their organization. Setting up a white-label e-signature service fulfills a demand for other businesses and organizations, and the earning potential is nearly limitless.
White-label e-signature services and platforms are terrific business opportunities for companies and entrepreneurs, and repackaged services make clients believe these services originate from the business and not a third-party supplier. The resellers can repackage the services and charge whatever fee they want and increase residual earnings. The third-party provider handles monitoring, security, and tech support for the clients on behalf of the reseller, and these opportunities give clients everything they need to get electronic signatures. Speak to a third-party provider to offer these services to your clients.
You can download in-depth presentations on Small Business and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
For even more best practices available on Flevy, have a look at our top 100 lists:
These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
