Online Services That Make Your Business More Frugal

online services make business more frugal

Just as it is important to create a revenue stream (bring money), it is also important to run your business in a cost-efficient way (save money). When you lose less cash every month, you will be able to manage things better in the case of losing a client or waiting for the overdue invoice. 

Every business is run on a shoestring budget, which is why saving money is ever-more important. While some think frugality is a natural trait, everyone can learn how to cut corners. We aren’t born with virtues; we learn them along the way. 

In this post, we bring you 4 online services you can use in order to make your business more frugal, and through it – more successful. 

Migrate To The Cloud 

Companies that migrate their business to the cloud can expect increased efficiency in all common processes and operations. Your employees can have direct, secure and easy access to their work files, wherever they are. In other words, they have increased the flexibility of connecting to their business anywhere, any time. 

This, in turn, provides them with the capabilities of changing something from home instead of returning to the office in the middle of the night because there is a crisis that needs to be resolved immediately. 

Besides this, moving to the cloud reduces your costs of managing and maintaining your IT systems. Rather than buying expensive equipment for your company, you can reduce your expenses by using the resources of your cloud computing service provider. You’ll be able to reduce your operating expenses because: 

• You no longer have to pay for expert staff. 
• Your overhead costs are reduced. 
• There are fewer time delays. 
• The cost of system upgrades, new software and hardware may be included in your contract. 

Online Platforms 

On a daily basis, how many emails do you send to your employees? How much time do you usually need to brief your team on progress and goals? If you don’t like the answers to these questions, you might consider updating your collaboration tools. 

Team collaboration software is the newest fashion in the business world. From project management to communication, technology offers many different options for increasing the effectiveness of your business. 

You need to communicate with your team in order to collaborate better with them. From instant messages to video conferencing tools – there are many options for team collaboration tools. For instance, you can use Flowdock, that is a group and private chat platform with an interesting feature of team inbox, which aggregates notifications from other channels, like Asana, Twitter or customer support tools. 

Or Slack, a famous and well-designed platform which offers instant messaging, powerful message search and file transfers. It has many other features and integrations with other tools such as Intercom and Trello. 

Project management tools will allow you to coordinate effectively with your team and monitor their task progress. Asana is one of the more well-known project management tools, that allows users to assign tasks to each other, add followers to projects and monitor deadlines. 

Web Hosting 

Web hosting is a crucial part of how the Internet works. It is a method whereby anyone can create a website in the space or server provided by the web host. Although having an in-house web hosting has its merits, there is much more to be gained from outsourcing your web hosting. 

Outsourcing to professional web hosting services provides you with two distinct benefits: 

• 24/7, 365 support – With outsourced hosting, you get 24/7, 365 technical support for an affordable price. You will no longer need to put a limit on the hosting support hours due to your budget or staffing restrictions. 

• Access to Experts – Hiring professionals in the hosting industry isn’t cheap. When you outsource your support to a business with a team of hosting experts, you will not only save money but also get access to top industry professionals. 

Overall, with outsourced hosting, you get the ability to save money. Most businesses that specialize in web hosting provide the best options for a much lower cost than handling everything in-house. 

Online Courses 

Online courses represent one of the cheapest ways to invest in the education and training of your workers. A business that incorporates e-learning is able to save money, time and energy. Why? First of all, e-learning is cost-effective. Online training reduces expenses normally associated with classroom training, including travel, venues, learning materials, and catering. 

Secondly, affordable online courses improve performance and productivity, while allowing your employees to grow professionally. E-learning enables workers to quickly get up to speed on new processes and operations and allow them to participate with the need to lose time during work. In other words, learning doesn’t have to conflict with other time-sensitive or important job tasks. 

Each of these methods gives you an opportunity to get more than what you paid for. Although they have their differences, when combined together, they can make your company much more frugal. Instead of investing more, you need to learn to invest in a smart manner.

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