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- Reports - 10 Effective Ways To
Reduce Your Business Costs
Copyright 2003 by Larry Dotson
1. Barter
If you have a business you should be
bartering goods and services with other
businesses. You should try to trade for
something before you buy it. Barter deals
usually require little or no money.
2. 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.
3. 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.
4. 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, online business services
etc.
5. 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.
6. Online/Offline Auctions
You can find lower prices on business
supplies and equipment at online and
offline auctions. I'm not saying all the
time, but before you go pay retail for
these items try bidding on them first.
7. 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.
8. Used Stuff
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.
9. 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.
10. 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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