If you’re like everyone else, there’s a considerable chance that you’ve found yourself in a long-term contract you would do almost anything to get out of right away. Whether it’s a years-long office lease, a contract with a service you want to discontinue, or with someone who takes their sweet time in carrying out the promised upgrade or repair, you’d like to find an easy way out.
Few things are more frustrating and expensive than being stuck in an agreement that doesn’t work for you anymore. Typically, in a fast-paced environment where everything changes, this kind of agreement holds a business back rather than helps it thrive. Here are three reasons to avoid long-term contracts:
- Your Needs Change
Working in a business shows you how rarely things stay the same. More often than not, your competitor will introduce a new service that can potentially pull your customers away from you, and you’ll need to pivot to retain their attention. Other times, a customer will point out an issue with your product, and you’ll have to address it right away before it starts impacting your sales.
Unfortunately, making long-term agreements can prevent you from being so agile. Many companies know this, which is why they’ve turned to the cloud to obtain the resources they need every month. Doing this allows you to scale up when required and scale down when things get slower.
- You Want the Most Value for Your Money
If you observe the business landscape, you’ll find that only companies who aren’t interested in responding to their customers right away and are the most difficult to get ahold of use long-term contracts. This scheme makes sense for these businesses, as locking people into a year-long contract or longer means they can rest on their laurels when it comes to delivering good service.
However, that isn’t the case for most as-a-service providers. They want to retain their clients as much as possible, which means they’re more likely to provide the ideal solution and put their best foot forward at all times. If the provider doesn’t deliver, they’ll risk losing their client, which they don’t want to happen. That means you’ll be getting the most value for your money from businesses that will do their best to keep you.
- You Stay Flexible
Lastly, sticking to monthly contracts means you can adopt a flexible approach to your business. It’s vital to ensure you’re dynamic and growing, which means your needs will change. To ensure your chances of success, you’ll want your vendors to change with you, which can’t be possible if you’re stuck in a three-year contract. With enough flexibility to scale, change arrangements, and pivot as needed, everyone will be happier while spending only what you need.
That’s why our upfront pricing for our account managers, marketing assistants, and virtual sales reps is by the hour or even bi-weekly—we understand that businesses undergo different seasons. We want to accommodate and grow with them. With flexible pricing, you’ll get what you need without overpaying for it.
Conclusion
Long-term contracts are increasingly becoming a relic of the past, thanks to the surging need for adaptability in an ever-changing environment. With these reasons to stay away from long-term contracts, you’ll have an easier time growing your business and attracting more customers!
Our team at RepStack doesn’t believe in long-term contracts, either, which is why we’ve priced our top-notch cold calling sales reps, remote customer service reps, and other service providers at an hourly rate. Get only what you need when you need it, as we want to help your business thrive—not hinder it. Book a discovery call with us today to find out more about how we can help you!
