10 Steps Towards Lower Business Costs Trade.

By Allan Marsh

You can initiate an exchange with others of similar business for goods or services for your mutual benefit. Before buying anything, explore possibilities of acquiring what you need in an exchange. Barter exactly means like that, an exchange without the use of money.

Mutually supporting activities. Try networking your business with other businesses. You can exchange business information and references. Cooperative efforts can generate business opportunities at less expense than advertising. You are also presented with trade opportunities.

Wholesale/Volume. Retail buying will cost you more than wholesale purchases. You could get a membership at a wholesale warehouse or buy them through a mail order wholesaler. Supplies in demand should be at the top of your buying list.

Free Products. Surf the net for free offerings before replenishing your inventory. Examples of items that you can get for free are software, graphics, web services, etc.

Borrow/Rent. If not you, then you have probably witnessed others who impulsively bought an item only to find out that their need was for only a short duration. If you have only temporary need for a unit, there is no sense in buying one.

Auctions on/off the Net. There is at any one time an ongoing sales online or onsite where prices are at rock bottom. Before going for a direct purchase, try bidding for a lower price and you might get lucky.

Make a Projection. Prepare in advance a list of your anticipated supply and equipment needs. Be on the lookout for sale offerings. If there is an opportunity to buy goods at big discounts, then buy it if you have future need for it.

Used Items. As much as possible, use second hand item instead of buying new ones. If you have the patience, you can get practically anything second hand in yard and garage sales, store clearance sales, in the internet, etc.

Haggle. You should never miss an opportunity to bargain for lower prices in all your purchases. You have nothing to lose. Imagine that you are haggling in a flea market.

Look. Don't stop looking for new sources of lower priced equipment and materials. Your suppliers should offer not only lower prices, but quality as well. Don't just be satisfied with a few.

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