Premium Subscriptions have appeared more and more on the market lately. The reasons that back up this marketing move seem noble at first sight. They have the purpose of unlocking more features of your favorite service in exchange for an extra fee. However, there are several tweaks that work in the background of these advantages. Let’s see the 3 reasons why you should cancel your premium subscriptions.
1. You Don’t Use Them Enough to Get a Financial Advantage
A premium subscription requires an extra dose of organization, and you should use them with careful. The reason why they were created in the first place is to encourage loyalty to the company and for them to spend bigger budgets in one place. And that’s okay since you receive quality products and extra perks for your commitment while the company wins a loyal customer.
However, are you taking advantage of this opportunity to its maximum capacity? The best way to understand if this is convenient for you or not is to do the math and see if it was worth it to keep them active for as long as you did.
Let’s take Amazon Prime for example. You need to pay $99 per year for what seems to be the best premium subscription ever. You get in exchange free shipping, cloud storage, video streaming and other generous features. It all sounds good, but it actually is a thin line between free and premium. Amazon will grant you free shipping on orders bigger than $35 regardless you are on paid subscription or not.
Even without this option on the house, you still have to do some heavy shopping to gain a financial advantage with the premium subscription. For $99 a year, you need to make more than 13 orders of $8 each to make the subscription worth it. If your purchasing history shows that you are not shopping as much as you thought, it means that you can cancel your Amazon Prime Trial without the fear of losing something big.
2. The Annual Subscription Price is the Only Advantage
With some premium subscriptions, you get even 77% discount if you pay the fee for an entire year in advance. However, the question here is if you are going to use that subscription to its full capacity. Let’s use Shutterstock Professional Plan for example. If you pay for a year upfront, you get to save around $500. However, even though you recently needed a large library of images, are you going to keep a constant usage for the entire year?
While the annual premium subscription seems advantageous in terms of budget, it might prove to be a not too good investment in the long run. Having access to a collection of 350 professional images with royalty-free is a dream come true to every blogger or designer out there. However, you should take into consideration the upcoming periods when there will be a smaller wave of gigs. For example, in the summer people are least concentrated on starting new projects. So there are three months when chances are you don’t need your large collection of images after all.
3. The Premium Subscriptions have Little Advantage over their Free Versions
Some premium subscriptions make us wonder if it’s really worth it. However, some companies have gathered enough worldwide recognition to ensure a high subscription rate. For instance, Spotify offers not too many differences between its free and premium plan. They both offer unlimited access to their huge music library. This is something that should content all music lovers alike.
For $120 a year, however, they grant you special features like no advertising to interrupt your playlists, offline mode for computer, play their songs through multi-room music systems, and listen to music in offline mode. While these all extra options feel like a must have for any music lover, they may not be worth the high annual fee for some.
For example, most people nowadays are connected to the Internet all day long. There are few exceptions that disturb their connection to the online world like country trips, power shortage or traveling abroad. Consequently, the offline mode that seems to be the best advantage of their premium subscription has little relevance in today’s world. So, if you are proud of your Internet connection, you should consider canceling your premium subscription.
All in all, all premium subscriptions offer their own amazing opportunities and discounts, but they are not for everybody. If you happen to be just perfectly fine with their free version since you don’t need the service too often or you don’t use all their paid features, canceling your premium subscriptions is a logical step to take.
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