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Penny Pinch Your
Way To A More Profitable Business
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If you own a small business, you should know that oftentimes it can
be the little things, rather than the large expenses, that can eat away
at your budget. But many times, small business owners will try and increase
their profits by looking around at what larger expenses they can cut.
If you are looking to save some cash in your business, why not pay attention
to our “small time” cost cutter ideas. You’ll find that if you add them
up, they may just save you more than a penny!
Change Your Plastic Options
If you own a small web site that doesn’t do tons of online business,
then chances are you don’t need a merchant account. These can be costly,
and probably won’t pay for itself unless you do a robust business. But
instead of losing business by not accepting credit cards, you can use
one of the other options such as Paypal or Clickbank. With these types
of payment systems, clients can use their credit cards, and once the
transaction is complete, the money is instantly deposited in your online
account. Then you will simply need to transfer it to your bank account.
You will need to do some comparisons before switching services. Make
sure that the transaction fees won’t cost more than the fees you are
currently paying.
Change Your Calling Options
What are you paying for long distance phone calls? Depending on the
company, it’s possible that you could save hundreds per year if you
switched to another. Because of stiff competition, you should be able
to go online and find the perfect rate for your needs. And if you hold
a lot of business meetings on the phone, don’t forget to check into
teleconferencing or web conferencing as a less expensive solution!
Change Your Internet Options
The days are gone when you have to pay a fortune for an ISP server.
In addition to the big boys, there are a great many smaller ISPs that
will just as good of a job—if not better—for your business. The key
is negotiation and research.
Start by looking online by typing in search terms as “affordable ISP,”
and “cheap Internet Service.” Once you’ve found a few, begin to compare
rates and services. Now, if you already pay twice as much with one of
the larger companies, call them up and tell them that unless they can
lower your rate, you’ll have no option than to switch to another company.
Many times, they will compensate you in the form of free months, or
downright lower your fee. If they won’t budge, then you’ve already researched
your other options, so make the move!
Can you see by just taking some time and looking at these areas how
you can feasibly save hundreds of dollars per year in your small business?
Get creative and figure out other ways to save. Could you book your
trips last minute and save one-half or more on your travel expenses?
Where do you buy your office supplies? Do you buy in bulk?
Remember, it’s great when you can cut the large expenses, but that’s
not always possible. Don’t forget the small stuff, too!
About The Author:
Peter Dobler is a veteran in the IT business. His passion for experimenting
with new internet marketing strategies leads him to explore new niche
markets.
Read more about his experience with credit and mortgages; visit
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