I have a gym membership that I am definitely not taking advantage of. I think there are a lot of people out there who can relate. I used it pretty consistently about a year or two ago because I would go while one of my daughters had cheer and tumbling practices. But, when I got the little ones more involved in golf, I let my exercise fall along the wayside.
There are several monthly subscriptions and fees that as business professionals we endure, but sometimes it is good to review and clean some of them up. After all, they do add up.
Linkedin: I pay for my membership with Linkedin. I received an email promotion and immediately took advantage of it. The amount of Inmails I’m allowed every month make it worth it and I use these to do some of the marketing for my clients. So, I consider it a cost of business.
Mindmeister: This fee is pretty minimal, but it’s worth it for me. I’d rather have a hosted software application to help manage my projects and thoughts as opposed to buying software like Mind Manager.
800 Number: I use Kall8. It’s a great way to be able to offer an 800# on your business card, as opposed to giving away your cell phone number starting at only $2 per month. Who wants to get a call at 10pm on your cell phone realizing it’s for business and not personal?
Internet Hosting: This is absolutely important. I have a friend however, who upon starting her first business spent way too much on the various upgrades and upsells that the hosting provider offered her including a website analytics product, which isn’t necessary. Google Analytics is free, there’s no needed to pay for a hosting company’s analytics services. She thought it all very important. Do your research or talk to someone experienced, you probably shouldn’t pay more than $200 per year to host your simple blogging website.
Networking Organizations: These are important if you want to expand your network. Be selective based on your budget. The local Chambers of Commerce are a great place to start. Talk to your local contacts and ask them where else they are networking.
Cell Phone Insurance: I recently cancelled when I realized how much we were paying for smartphone insurance. Having 4 cell phones in the family, our monthly expense was enough that we should be able to simply put that dollar amount aside just in case something does happen to one of the phones (knock on wood).
Payroll Processing: I use a payroll processing company to take care of my other business’s payroll every week. But, I did recently switch to reduce my monthly expense and improve on delivery. It’s good to periodically check around to see what others are doing and get referrals. I was loyal for quite some time and now realize my switch will save us over $800 per year from what we are currently spending.
What monthly services are you paying for that support your business?