When it comes to getting work done, there are two main types of services: subscription-based and one-off.
One-off projects are typically associated with tasks that can be completed in a single sitting, such as making a website, designing a logo, or writing a paper. Subscription-based services, on the other hand, are those in which you pay recurring payments or monthly fee in order to have access to a certain service or set of services.
As the data shows, 70% of business executives believe subscription business models will play a significant role in their future opportunities.
There are many reasons why paying a subscription-based service is better than one-off projects, but here are five of the most important:
Wondering how much your one-off project is going to cost? It can be tough to estimate, especially if you’re unfamiliar with the industry. And even if you are, there are always hidden costs that can surprise you.
Then, once the project is completed, you have to worry about invoicing and getting paid. This can take weeks or even months, depending on the client.
With a subscription-based service, you know exactly what you’re paying for and when you’re going to be billed. You also don’t have to worry about chasing down payments.
Just because you’re paying for a subscription doesn’t mean you can only use the service for recurring tasks. In fact, many subscription-based services offer great one-time discounts if you need them for a specific project.
This is a great way to save money on projects that would have been too expensive or time-consuming to do on your own.
Unless you’re a one-person shop, you probably have fixed monthly expenses like rent, internet, and phone bills.
Adding another subscription billing to your monthly expense can be difficult when sticking to a tight budget. But the benefits of using a subscription-based service often outweigh the cost.
Think about it: If you use a subscription-based service for just one task, it might not seem worth it. But if you use the service for multiple tasks, the cost becomes more manageable.
Plus, many subscription-based services offer discounts for annual payments so that you can save even more money in the long run.
This can be a huge advantage, especially if you’re in a regulated industry like healthcare or finance.
With a one-off project, you have to scramble to find an up-to-date developer on the latest regulations. Then, you have to hope they can get the project done in time and within your budget.
If you use a service like the subscription business model, you don’t have to worry about that. The service will be up-to-date with the latest regulations, and you’ll always be compliant.
Owing to the way they are built, subscription-based services like software as a service mobile apps can typically respond and recover from outages faster than one-off projects.
This is because they have more resources at their disposal. When something goes wrong, the team at the subscription-based service can typically get it fixed much faster.
This is especially important if you rely on the service for critical tasks.
Since they offer the same service to many clients, subscription model services can afford to provide a wider range of features and tools than one-off projects.
This is a great advantage if you need a specific feature that the service doesn’t offer.
Customer service is often one of the weakest points for one-off projects. This is because it’s difficult for a one-time project to justify the cost of a full-time customer service representative.
But subscription-based business model services can afford to have dedicated customer service reps, and they typically offer better customer service than one-off projects.
This is because the reps are trained to deal with everyday issues and have a lot of experience dealing with customers.
In conclusion, there are many advantages to using subscription services instead of a one-off project. Not only are you likely to get better customer service, but you’ll also enjoy faster response and recovery times, a more comprehensive range of features and tools, and compliance with the latest regulations. So if you’re looking for a better way to get a specific task done, a subscription service might be the perfect option.