Ten Effective Ways To Reduce Your Business Costs by Dan Brown

Business cost can make or break a business when your just starting out. Here's 10 simple yet powerful ideas to make sure the cost of doing business...does not put you out of business.

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
Buy 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.

About the Author

Dan Brown has been active in internet marketing for the past 4 years. Dan currently is working with the Zabang search engine, introducing their new affiliate program which is due out July, 2005. http://www.zabangaffiliate.com/

Hi,

I must say that I enjoy the bit on Ten Effective Ways To Reduce Business cost. Doing business in Africa, especially Nigeria is quite expensive. The government has in place all sorts of barriers in the name of taxation, the basic infrastructure for running every business in the world, energy is in short supply, yet the authority being a monopoly will charge you for energy consumed and the ones you did not consume.

But with this your tips one will be able to avoid some wastage incurred in business, but on the area of cynergy, it is difficult especially, with those of us in the same business, because every other person is trying to know where you are vulnerable so as to pull you down.

I enjoy the piece.

Regards,

Edwards Ajiboye

Thanks for the comments Edward, and thanks vor visiting the Small Business Forum.

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Peter T Davis
Frixer, Inc.
Helping people make profitible businesses on the web.