Several clever ways that technology can save a business money

by Klaus on November 5, 2018

in Articles

When you’re in charge of a business, it’s a given that you’re going to want to save as much money as possible. This often involves small changes that go a long way such as reusing equipment and remembering to turn off the lights. Of course, there are more drastic changes that can save you money; for example, raising your prices and cutting staff are options, but we know that such measures aren’t always plausible.

There is no need to worry as such changes may not be necessary, there are in fact several clever ways that technology can save your business money. It’s no secret that technology makes running a business more convenient and a lot smoother, but it can also save you a lot of money in the long run.

Risk Prevention

It’s not just the likes of offices that can be improved by technology but even the art of plumbing can be improved. Take flood stop technology, for example; the likes of washing machine, toilets, dishwashers and water heaters place certain areas of the home at risk of water damage if something was to go wrong. Nowadays, electronic flooding detection systems can be installed near those devices so if something was to go wrong, the water would be detected and the supply in that area, cut off.

Tankless water heaters can also save money as they are up to 50% more energy efficient, thus the cost is recouped over the years – similar to how solar panels save homeowners money. If you happen to be a plumber, you will be more than aware of this. You will also be aware that life as a plumber comes with several headaches, from travelling from job to job, organising tax returns and invoices, ordering supplies etc. Though, one way to make life easier is with Plumbers Public Liability Insurance. With this, you can be safe in the knowledge you’re well protected should anything ever go wrong.

Marketing Techniques

Technology also allows you to advertise your business online. Whilst it’s wise to use multiple advertising methods such as leaflets, mailers, etc. with half of the world’s population now online, digital advertising should be the main focus. And with several ways to advertise online for no cost at all, for example social media, there’s nothing to lose. If you’ve tried free online advertising but are still struggling to reach your target audience, the cost of advertising online is low in comparison to other mediums and therefore, still affords you control over your budget whilst delivering news of your services to a wide range of the relevant people.

Another way technology is able to save your business time and money is by reducing the how much equipment you need rather drastically. Take the smartphone; whether it’s iOS, Android or whatever operating system you prefer, they’re small, compact, can be used to email, phone, record audio, take photographs and videos, Skype calls, produce and store documents – you name it. Compare the smartphone to the bulky alternatives of the last few decades. Purchasing such technology and implementing it into your business will allow you to scrap most of your filing cabinets that may be taking up unnecessary office space, as well as lowering the number of devices used within the business. By reducing the amount of equipment your company needs and uses, future costs will also be reduced.

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