How to Avoid Paying Too Much for Your Software
In order to get your big idea off the ground, you need to make sure you have a smart strategy when it comes to setting up your internal IT systems.
14:32 19 February 2020
As any entrepreneur will tell you though, the cost of setting up a business – even with basic software tools – can be pretty daunting when you’re just trying to get things up and running. A necessary cost, to be sure, there are some tips and tricks that you can use to minimize cost and ensure that you get the most bang for your buck. Here are some ways to find software that works well for you while leaving you with cash left over to invest in other aspects of your business.
Explore cloud-based apps
A great option, when it comes to managing your company’s resources and operations, is adopting a cloud-based MRP system to get your business under control. Under this framework, the vendor hosts all the applications and data on their servers so there is no software to install or maintain. All you need to do is use your browser to access the system, and the vendor handles all the IT chores such as updating the system and backing up.
Look into open-source software
An especially good idea for those on the tech-savvy side of things, open-source products are developed by a community of programmers and then offered for free for anyone to use. One thing worth noting though is that many of these products are technical applications that need a high level of competence to use.
Try out freemium products
With the idea in mind that you’ll upgrade in the future, freemium products are systems that are offered for free by software vendors in the hope that you'll eventually switch over to the premium option if you have a positive experience with their basic version. Not to be mistaken with free time-limited trials, freemium products are free to use forever and don’t need to be upgraded, assuming their requirements remain the same.
Remember that subscriptions are more effective at saving money
The option of subscription-based software has changed what is possible for many small businesses. Instead of paying a one-off fee, you can pay a small monthly amount. In the event that you no longer need the software, want to try out something else, or simply put it on hold for a while, you can cancel or pause your subscription with a click. That’s more, subscription apps often start with a free trial period, thereby reducing the risk.
Keep track of your spending with a budgeting app
If money is tight, which it usually is when you’re starting out or trying to grow a business, it is important to keep a close eye on your finances. Pick an app that will allow you to keep track of everything and easily monitor what is coming in and what is going out. You’ll be more inclined to make smart business investments and will have peace of mind at your fingertips.