Don’t Get “Over-Tooled” by Monthly Subscription Services
Have you ever heard the term “over-tooled” before?
It simply means that you have way too many tools than needed. Companies get “over-tooled” all the time now because they get caught up in the hype of the, “next great monthly subscription website,” only to find out months later that they just wasted a bunch of money.
If this sounds like you, immediately do an analysis of every monthly subscription website you’re currently using. I can assure you, that you’ll most likely find a handful of them that you can drop and start saving money on asap.
There’s nothing wrong with subscribing to a monthly subscription website if you’re using it to the fullest, but if you’re “over-tooled,” and you have too much going on to keep a track of your monthly expense budget, you’re 100% going to be paying for services that you don’t need.
I speak from experience when I share this information, I was “over-tooled” myself and was paying out hundreds of extra dollars a month for monthly subscription services that I hadn’t logged into in months. I was astounded, as well as dumbfounded, when I saw what in the world I was spending my businesses hard earned money on.
What helped me the most moving forward was that I put together a simple Excel sheet listing all the monthly subscription services I use, along with what they do and how much they cost, and I review them on a monthly basis to see if I still need to use them. It’s simple, it’s easy, and this is what I’ve found to work best for me.