Feeling a bit overwhelmed by the cost of running your business? There are many ways that you can cut cost without sacrificing quality. Here are a few quick tips that you may not have considered in the past.
Use the Internet for free advertisement
In this day, it is nearly impossible to run a business without using the Internet in some form or fashion. However, owning your own website can be expensive. After paying for a creative, professional web design, hosting and other associated fees, you can start feeling a bit discouraged. But take heart, it doesn’t have to be so expensive! Try using sites such as WordPress that offer easy-to-maneuver templates for a one-time fee along with a cheap monthly hosting bill from partners such as GoDaddy.com. Or, if you don’t want the hassle of a website, try using social media such as Facebook and Twitter. Believe it or not, these can be just as, if not more, effective than professional .com websites!
Get rid of the office bill
This may or may not be an option for your business, but think about it if you believe it may be a reasonable possibility. Many successful businesses can be run from home or from very small office suites. If you spend most of your time on the phone or the computer, would an in-home office be just as effective as paying monthly rent in the local shopping center?
Be smart about buying your office supplies
Some office supplies may not appear too expensive when buying them one-by-one, but the cost does add up over time. Printer cartridges, for example, can be an expensive investment. Try searching Google for a supplier of recycled printer cartridges. And computer software programs can be even more expensive! Check out Download.com to browse the hundreds of freeware, free trial, and limited version options available. This option may not work if your business requires all the features of some of these programs, but it’s worth checking in to. And finally, electronic equipment doesn’t have to be so costly. Instead of buying brand new equipment from your local Office Depot or Best Buy, try searching online for used products. A little known secret: when manufacturers resell previously used products, they must physically test each item before it is resold, unlike brand new merchandise which is often machine-tested and not checked for small glitches. Plus, you save tons of cash!