Saving, investing and making money with technology

5 Ways Technology Can Save Your Business Money

As any business owner knows, careful money management can be the key to your success. After all of your overhead and expenses have been met, you are left with your revenue, essentially your profit, from the month past. The key to being financially successful in business is in defining how many of your expenses are truly necessary.

For example, being careful to evaluate each and every cost and fee could save you hundreds to thousands of dollars each year. While some business owners find they lack the time to evaluate their costs, simply looking into it once a year could be more than worth your time monetarily. Included here are a few tips for utilizing technology in a way to save your business money.

Upgrade Phone Systems

One of the most beneficial ways to cut costs and improve your business efficiency can be through implementing an upgraded phone system. A phone system that utilizes your cloud and properly manages calls can save you hundreds of dollars per year. Phone systems can be updated in more ways than simply changing out your headsets.

Cloud based phone systems are now rising in popularity among small business owners due to their cost-efficiency and improved functioning capacity. Cloud based systems allow business owners to simply upgrade their phone headsets while utilizing cloud based technology. This means they can avoid costly hardware installations and replacement, as well as frequent upgrades.

Go Paperless

While many business owners may see paperless functioning principles as based solely in being environmentally conscious, going paperless can actually reap great rewards for the business itself. Your company will save thousands of dollars each year on paper products as well as postage. Additionally, you can gain rapport with your clientele through the eco-friendly angle.

Utilizing technology to eliminate your company’s paper consumption is fairly simple. For instance, require emailed account statements as well as eliminate paper billing. Utilize an email system for monthly “mailings” and avoid excessive paper pamphlets.

Advertise Online

Another great way to cut down your costs can be by utilizing free advertising services online. Social media will not cost your company anything but can be a great way to interact with your consumer. Hiring a basic social media manager part-time can allow you to keep your customers updated on products as well as interactive with the company.

Additionally, internet advertising offers direct results and helpful feedback. You will be able to track which keywords and advertising campaigns resulted in greater web traffic as well as which tactics fell flat. No more guessing about who heard about you from where, you can now directly track the progress of customers to your door!

Anna Johansson

View more posts from this author

 

Loading…

 

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge