Chicago’s SRO Services Chats With Its Customers
Posted On July 6, 2021
A few months ago, SROs shut down because of the lack of demand for their services.
The shuttering of SRO services is a sad reality of modern technology, but it’s a fact that will come to a head when there’s a need to connect with people, according to Mark Zukin, CEO of ZukIn.com, a company that helps businesses and organizations connect online.
“SROs, like many other businesses, are facing the challenges of shrinking customer bases and growing revenue.
They’ve had to make the tough choice between making money on a shoestring and being in a state of perpetual financial crisis,” Zukins said.
“It’s not about getting money from the customer.
It’s about being able to connect them to a business.
We’ve seen the potential of using the internet to connect customers to their financial needs.”
Zukis co-founded Zuki.com in 2013 and now serves more than 10 million customers.
SRO is just one of many online services that are being shut down by businesses as the internet expands in the coming years.
Many companies have recently been turning to social media, which has the potential to connect people in a more direct and personal way.
For example, some businesses have already begun sharing their most popular products on social media to help people with their financial struggles.
Many of the businesses that have shut down SRO’s say that they are offering a “free trial” or “free credit” for customers who use their service.
However, some are asking if these are freebies or not.
Zuk said that in some cases, customers will actually pay to use these services.
If customers do choose to pay for these services, they will be charged a subscription fee, but the total cost will be less than a credit card bill.
“I’m concerned about what’s going to happen in the future with SRO subscriptions,” Zuksi said.
Zuikins company offers credit cards, loyalty programs and other services to customers that help them to manage their finances.
But the future of Sro services could be affected by changes in technology, he said.
In the future, Sros might just shut down entirely.
“The internet is a different world than it has ever been before,” Zuckin said.
Sro’s closing is just the latest setback for SRO companies.
Earlier this month, the company that owns SRO service Squeenys, announced it would shut down its services by December.
Squeens closing is not the first time that SRO has shut down.
Seng, a SRO business that runs a $500 million online marketplace called Quicksilver, also shut down in 2014, following a series of bad reviews and poor sales.
Zucki believes that as the financial system shifts, Seng will also shut its doors.
“When companies shut down, the customer has to look for another place to go,” Zuhin said, “because Seng wasn’t going to survive if Seng didn’t provide a service.”