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10 Effective Ways To Reduce Your Business Costs
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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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