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How To Know If You Should Cancel Your Business’ Subscription Based Services

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Since the widespread shutdown and its severe strain on companies’ finances, the race to cut back costs in any possible way has become fiercer. And, no one knows where this is all leading to, whether it is ending sooner or not. One of the areas that executives and business owners may also want to cut back cost is subscription-based services.

But, do you think you should cut off all subscription-based services? Keeping back some of these services may help you save more cost instead of incurring more costs. This is because some of the subscription services will rather reduce the costs of certain tools and other features that will help lure new customers and retain old ones.

So, if you are not sure about what service to get rid of and the one to keep, the following 3 major questions can help you make the right decision;

Q1: Can You Outsource and Automate Task with the Service?

A number of subscription-based services are equipped with innovative software and artificial intelligence (Ai). As a result, automating operations and processes are quick and cost-effective. And you know that increased automation helps to cut back the time that employees spend on low-level, mundane jobs.

URL redirect subscription service is a typical example. URL redirect process can be tricky even for seasoned programmers. So, the task is faster and easier with a quality URL redirect subscription-based program. You certainly know that your website is your online storefront and you can’t afford to treat it with levity.

So, you need to keep such a URL tool to help boost SEO and customer experience. So, once you can easily outsource and automate tasks with a subscription-based service, think twice before cutting it off from your business expenses budget.

Q2: Is the Service Future-Proof?

Tons of subscription-based services are cropping up every day. Consider the future benefit in terms of duration of application of service before committing. How you work is a good yardstick to judge the long-term benefit of a service.

For example, since work-from-home has become the norm due to the pandemic outbreak, were you able to upgrade to a hybrid version of the service? Unexpected happenstances in the future create new challenges. If your subscription enables you to optimize performance and accommodate newer job requirements such as intense video conferencing for your remote team, then it is work keeping.

Q3: Can You Make up for Knowledge Gaps with the Service?

As the economy becomes more uncertain, you need a subscription service that can help you fill the knowledge vacuum among your team. It will cost much more to hire someone with such specific skill or knowledge, which means more strain on your business finances. So, as long as you can do much more with the subscription and save more costs, it is worth keeping.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

2 Responses to “How To Know If You Should Cancel Your Business’ Subscription Based Services”

  1. Dude! you are churning out such high-quality content!
    I’m learning a lot from you!!

  2. Kitty Stuart says:

    Absolutely love you Daven, thank you for sharing your knowledge!

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