By Jerry Mooney
Many experts argue that the secret to business success is saving money. If your business saves money, then you put yourself in a commanding position. You have more money to play with and use to your advantage.
Sadly, saving money is tricky for a lot of companies. So, I’ve created three innovative tips to help you out:
Use The Internet
There are many miscellaneous business expenses that people forget about. Look at those business cards on your desk, remember how much they cost to make? Or, the posters and flyers you printed out, how much did they cost? A lot of the time, companies tend to go to big franchise stores to get things created and printed. But, you can save a lot of money by using the internet. There are sites like www.fiverr.com where you can get business cards made for pocket changes. Likewise, there are loads of websites that let you print things out for very little. Over time, this can save you heaps of cash. So, use the internet, and stay away from big chains that provide business services.
Reduce Shipping Costs
Posting your products is essential, but it can also be costly. One great way to reduce this expense is to look at the size of your packaging. The bigger the package, the more it costs to ship. So, try and make everything as small as possible. Reduce the wasted space inside the parcel you’re shipping. You’ll be amazed at how many companies are paying ‘large parcel’ prices for an item that’s the size of a small parcel. One idea is to get ahold of things called postal tubes. You can see them on sites like http://www.postaltubeshop.com; they’re fairly common. These tubes can help reduce the size of your packaging. Secondly, you should consider postal bags too. These are handy for non-fragile items, as they can fit the exact size of the product. So, you don’t have to pay for a big box and fork out more money.
Get A Virtual Receptionist
Almost every office you walk into will have a receptionist sitting at a desk. Why? Because you need someone to answer the phone and deal with general admin work. But, all of this can be done remotely, with a virtual receptionist. Any calls can get diverted to the virtual receptionist, and answered for you. People can book appointments this way, and do so much more. The benefit of this is that you get one less person on your wage bill. It frees up a lot of money, and you can use that for more important things. This idea is fantastic for small businesses that have a small office. There’s no need for a proper receptionist; a virtual one will do perfectly fine for you.
These three tips will help you save as much money as possible. You’ll slash your business expenses and can widen your profit margins. Use this article as a money saving Bible, don’t let high expenses get in the way of your success.