Side Hustle School #2912 - Q&A: “I’ve been paying for subscriptions I don’t use!”
Dec 21, 2024
A listener grapples with the challenge of paying for multiple unused subscriptions. The discussion revolves around the importance of regular expense audits to identify unnecessary costs. Practical strategies for canceling services are shared, along with personal anecdotes. The conversation emphasizes how effective management of subscriptions can lead to significant savings, helping listeners regain control over their finances.
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Ryan's Bookkeeping Subscription
- Listener Ryan from New Orleans has been paying for an unused bookkeeping subscription for three years.
- He's frustrated and wants to know how to recoup costs and prevent this from happening again.
Subscription Model and Breakage
- Subscription business models often rely on "breakage," where users pay but don't use the service.
- Consider how this model could be applied to your own business.
Negotiate with the Company
- Contact the company and explain the situation, asking for a refund or credit.
- While full reimbursement is unlikely, persistence might yield partial credit.