11 Ways To Effectively Reduce Your Business Costs
All businesses should be trading or bartering goods
and services with other businesses. Try to
trade for something before you buy it. Trade deals
usually require little or no money.
Team up with another business to get leads. The other business
should generally be operating in the same target market as you,
but not as a direct competitor. When a lead comes in, you both
get it. You just need to work out a way to not tread on each other's
toes and have a similar approach to the lead.
Try networking your business with other businesses.
You could trade leads or mailing lists. This will cut
down on your marketing and advertising costs. You
may also try bartering goods and services with them.
You'll save money buying your business supplies in
bulk quantities. You could get a membership at a
wholesale warehouse or buy them through a mail
order wholesaler. Buy the supplies you are always
running out of.
5. Free Stuff
You should try visiting the thousands of freebie sites
on the internet before buying your business supplies.
You can find free software, graphics, backgrounds,
business cards, online business services etc.
Have you ever purchased business equipment you
only needed for a small period of time? You could
have just borrowed the equipment from someone
else or rented the equipment from a "rent-all" store.
7. Online/Offline Auctions
You can find lower prices on business supplies and
equipment at online and offline auctions.
Before you go pay retail for these items, try
bidding on them first. - but know the value of
what you are bidding on and don't go over your limit.
8. Plan Ahead
Make a list of business supplies or equipment you'll
need in the future. Keep an eye out for stores that
have big sales. Purchase the supplies when they go
on sale before you need them.
9. Used Equipment and Supplies
If your business equipment and supplies don't need
to be new, buy them used. You can find used items
at yard and garage sales, used stores, used stuff
for sale message boards and newsgroups etc.
You should always try negotiate a lower price for
any business equipment or supplies. It doesn't hurt
to try. Pretend you are talking to a salesman at a car
You can always be searching for new suppliers for
your business supplies and equipment. Look for
suppliers with lower prices and better quality. Don't
just be satisfied with a few.
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