In this episode, Cory Stout of Woodies.com shares his journey as a nomadic entrepreneur and dives deep into his extensive list of SaaS subscriptions. The discussion focuses on evaluating the necessity and value of each subscription, offering a practical look at how to optimize software spending for e-commerce businesses. This episode is a must-listen for operators looking to streamline their tech stack and boost profitability by cutting unnecessary expenses.
Key takeaways
Evaluate every SaaS subscription critically to determine if its cost aligns with the value it provides to your business operations.
Consider the long-term impact of a nomadic lifestyle on business operations and how automation can facilitate it.
Scrutinize software usage: many businesses pay for features or entire platforms they underutilize or no longer need.
Look for opportunities to consolidate tools or find more cost-effective alternatives that offer similar functionalities.
Don't be afraid to cut subscriptions that aren't directly contributing to growth or efficiency; the savings can be substantial.
Themes
ai & automationfinance & fundraisingfounder & leadership
We've released 4 Under the Hood episodes so far and we've been getting a lot of good comments about the segment. It seems to resonate with a large listener base, and since we've been really happy about your feedback, we're bumping things up and releasing more of these episodes. For today's episode, we have Cory Stout of Woodies.com on the spotlight. Cory is living a nomadic lifestyle while running Woodies, and since automation is a big part of his business, he has been racking up a long list of SAAS (Software as a Service) subscriptions. Today he and I talk about his subscriptions and evaluate whether or not they're worth keeping. Some conversation points: How Cory got into ecommerce Why he sold his first business to his AirBnb host The background of Woodies Why he chose to sell wooden items for his second business His mom's role in his business and the "2017 Employee of the Year" award he gave her His SAAS subscriptions list (spoiler alert: it's a long one) My evaluation of his SAAS subscriptions In Part 2 of our conversation, Cory and I continue to evaluate and talk about his SAAS subscriptions. Stay tuned for Part 2 on Thursday! Resources mentioned: MyEcomCrew Under the Hood As always, thanks for listening to this episode. Until the next one, happy selling!
