Technology is a wonderful thing and it is a great way to save your business money. If you are looking for small ways to cut costs for your business, then consider the following technology practices. You will be surprised at how easy they are and how much you can save. It’s so simple, you will laugh.
Telecommuting is something that is becoming more popular and obviously, employees love it many IT support companies are no implementing this technology for business across the globe. Statistics show that employees who are allowed to work from home, have increased rates of production instead of the expected ‘slacking off’ you may expect. Conferencing technology has made it so easy to telecommute and have conferences without the cost of plane tickets, gas, and the wasted time of travelling.
These simple changes in your business will save you a lot of money in the long run. This is the easiest and fastest way to cut costs through using technology in your business.
Mobile payment systems are a good way to save on banking fees. The fees won’t fall away completely, but most banks will offer a definite reduction in costs. There are different options for these systems and you can choose which one you prefer. Most young people, as well as their parents, will prefer paying with their phone rather than taking out a card or cash.
Electronic Receipts and Invoices
Gone are the days of spending money on paper, ink, and receipt printers. When you use online receipts and invoices, you are saving money and also helping to save the planet. Costs for receipt supplies add up over time and you can save so much of that money by going digital. An added bonus is that you now have email addresses of people who have visited your business or showed interest. They are possible leads for future sales.
Online advertising and social media advertising are much cheaper than traditional advertising. This does not mean that you should throw out traditional advertising, but to save costs and reach more of your target audience, consider integrating social media and online advertising in your marketing plan. Online advertising enables you to reach your target audience more directly and you can track the effectiveness of your advertisements with stats.