Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sundanese Sundanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

 

 

Article Navigation

Back To Main Page

 

Click Here for more articles
Google
Small Home Business: Effective Ways To Reduce Your Costs
by: Kim Beardsmore

One of the advantages of conducting your own small business is you can significantly reduce your costs by controlling a few simple processes. Here are ten useful ways to reduce your business costs.

1. Network With Non Competing Businesses
This can present a fantastic opportunity for many businesses. Try networking your business with other business owners. Of course, you would not approach someone with business that is in direct competition with yours! There may be several non-competing businesses that appeal to a similar market as your business. For example weight loss, lingerie and child care businesses all appeal to women and do not compete with one another. You may be able to trade leads and mailing lists.

Make a list of all the possible business alliances in your area, work out a win-win arrangement where both businesses benefit, and systematically work through your list. This will cut down on your marketing and advertising costs.

2. 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 or internet wholesaler. Buy the supplies you are always running out of.

3. 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 and business cards to mention a few items. There are many online sites providing freebies, and to get you started visit www.freeonline.com.au and www.ifree.com.au

4. 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 business equipment supplier. A quick search through the Yellow Pages or on the internet will give you a number of places that rent office equipment.

5. 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. If you are not able to visit a local auction, you may find online auctions such as www.ebay.com useful.

6. 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 stock clearing sales. Purchase the supplies when they go on sale before you need them.

7. Used Stuff
If your business equipment and supplies don't need to be new, buy them used. You can find used items at garage sales. Keep an eye out in the papers for liquidation sales.

8. Negotiate
You should always try negotiate a lower price for any business equipment or supplies, especially if you are paying cash. It costs the retailer to operate a merchant account for credit cards and often they willing reduce the price for a cash sale. It doesn't hurt to try. Pretend you are talking to a salesman at a car
lot.

9. 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.

10. Office Upgrades
Many commercial businesses upgrade their information technology requirements every few years. When this happens offer to purchase the old equipment, which may be going to be scrapped in any case. It is likely your IT requirements are not as stringent and the ‘old’ system will still adequately run the software you need for your business. Keep an eye out for new office fit outs. When a tenant leaves a commercial building they may be required to removed their office fit out. Desks, chairs, partitions are just some of the useful home office items you may pick up for a penny!

© Kim Beardsmore


About the Author

Kim is part of an established home business group operating across 60 countries. We urgently require people to join our expanding team. Earn $500-$5,000 per month part time around your current schedule. Full training and ongoing support to ensure your success. http://free2liv.com/?refid=csts -567887442

 


©2005 - All Rights Reserved

Total Views stat / Page Views stat

Advertise Here

web page counter