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11 Ways To Effectively Reduce Your Business Costs

1. Trade
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.

2. Coregistration
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.

3. Network
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.

4. Wholesale/Bulk
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.

6. Borrow/Rent
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.

10. Negotiate
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 lot.

11. Search
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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