Thursday, 31 October 2013

Seven Ideas to Help Your Business Save Time and Money

If you own and operate a small business, you know how expensive it can be and how much time goes into it. Fortunately, there are many things you can do to help save time and money for your business. Below are seven tricks and tips that will help you become more efficient as a business owner.

Bundle Your Advertising

Do you send out invoices and other similar types of mailings? Include your flyers and business cards in these correspondences and you'll save money on postage and supplies.

Postage Meters

An electronic postage meter can do a world of good for your business, not the least of which is preventing you from spending inordinate amounts of time waiting in line at the post office. Electronic postage meters are useful for businesses that ship out materials or forms regularly. Most postage meters offer a discount on your packages from the regular post office price, helping you to save time from having to run to the post office an money from the cost of postage.

Discussion Boards

If you think online chatting groups are a waste of time, or that online discussion boards in your field are pointless, think again. While you don't want to self-promote in these discussion boards, go in and have a look around, and contribute to the conversation. Always include your website or email in your signature and you have yourself free advertising.

Go Mobile

Brick and mortar stores are hard to keep up, but by making your store mobile, you can save yourself the costs of running such a store. E-commerce is wildly popular, and being able to take your business on the road to sell at trade shows and other events without having to worry about your brick and mortar store expands your market indefinitely.

Recycled Print Cartridges

Don't spend large sums of money on new print cartridges. Instead, be a friend to your wallet and the environment simultaneously by purchasing recycled print cartridges from reputable sources.

Use Contractors

Instead of adding someone to the payroll, hire an independent contractor for the jobs you don't need done on a daily basis. Make sure they fit the description of an independent contractor outlined by the IRS, as failure to do so can lead you to the land of large penalties.

Group Buy

Many suppliers and vendors offer discounts for bulk purchases. But many business owners don't require the amount of supplies required for a bulk purchase, so they miss out on the discount. Instead of missing out, try to find other businesses that uses what you do and pool your order together.

By using simple tips like these, you can help save your business time and money. Make sure to keep an eye out for deals and ways to advertise for little or no cost, and consider taking your business on the road.

Do you have have any questions or suggestions? Write in comment section.
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