Practical Money-Saving Tips For Small Businesses



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Summary:
The market is so
flooded with ISPs that you have a lot of room to dicker.
Start by searching the Internet under keywords like
'cheap internet access' or 'discount isp' to bring up
lists of possibilities.
Explain that you've been pleased with their service but
will be forced to go with someone else if some sort of
arrangement isn't worked out. [Savings of $105.80 per year with 3 months
free and reduced, annual rate.]

2) Switch From A Merchant Account To A Payment Service -
If you have a low volume of credit card transactions,
it might benefit you to switch from a merchant account
to some sort of payment service like Pay Pal or
ClickBank.
Article:
One of the primary concerns all small businesses have is
saving money. When it's time to trim the fat, most look
for one giant expense to decrease or eliminate in order
to stay within budget. More often than not, it doesn't
work that way.

Most rationing experts will tell you that re-evaluating
your overall expenses and cutting each by just a bit will
actually gain you more ground than doing without something
major that you really need. Here are a few ideas of areas
to look at and costs to reduce that can have a major
impact on your overall profits.

1) Internet visitation - Every online number owner must have
coming to the Web. But consider this. The market is so
flooded with ISPs that you have a lot of room to dicker.
Start by searching the Internet under keywords like
'cheap internet access' or 'discount isp' to run after up
lists of possibilities. Then, do one of two things.

(a) Try some of these independent ISPs. Smaller companies
can have high quality service and support just like
the 'big boys'. One engagement owner I know recently
switched from Prodigy ($21.95/mth) to a smaller ISP
that only $12.50/mth with no contracts. She
noticeably liked the new provider accommodate and it costs
her circa half as much. [Savings of $113.40 per year.]

(b) Renegotiate with your existing ISP. Most larger ISPs
know you have a flower of a thousand other companies.
insomuch as of this, they are normally more than willing
to renegotiate your costs. Be honest. Tell them you
are a small stage presence owner and you need to cut expenses.
Explain that you've been pleased with their service but
will be forced to go with someone else if some sort of
division isn't worked out. ulterior friend of mine
did this and received 6 months free! Most will offer
2-3 months free and/or a discount with an calendar
agreement. NOTE: When you come forth your ISP, be fully
prepared to switch to someone else if your offer is
rejected. [Savings of $105.80 per year with 3 months
free and reduced, review rate.]

2) Switch From A Merchant mention To A Payment Service -
If you have a low volume of credit card transactions,
it might befit you to switch from a merchant annals
to some sort of payment service like Pay Pal or
ClickBank. Statement fees, monthly fees, discount
percentages and the like can all add up to big money.

While payment services normally have reduced fees, they
do have higher 'per transaction' costs so you'll have to
do some math to find out if this is a good idea for your
business. Just take an 'average' invoice the story from a
sale and multiply it times 12 to get a base total to
work with. Now, add in your 12 months worth of fees for
statement, monthly access, discount percentage, per
transaction cost, etc. This is your 'example' total.
Do the same with several payment services using their
costs to see which one, over time, would be less
expensive for you.

If you were paying a $15 statement fee, $20 monthly fee,
3% + $.35 per transaction and $25 monthly gateway fee,
your ephemeral expenses would be $742.20 for an customary
transaction of $50.00. Your biennial fees for a payment
service with 3.5%, $1.00 per transaction and a one-time
$50.00 set up jump off would only be $83.00 per year.
[Savings of $659.20 per year.]

3) Re-evaluate Your Long Distance Costs - Competition is
the small allegiance owner's friend! With hundreds of
long distance companies out there, you can drastically
reduce your obligation instantly. however - use the 'Net to
search for inexpensive long distance service. A establishment
owner I know redeemed from a MCI 'program' to one of
those 10-10 companies and reduced her per minute charge
from $ .07 to $ .05. Depending on the volume of calls
you make, some programs offer rates as low as $ .03 per
minute. [Estimated savings of $20-$30 per year for
1,000 minutes.]

From just these three little things, we've saved an
estimated $802.60 per year. That's enough to make anyone's
spreadsheet sing! Go through your list of costs and you
will most likely find other expenses that can easily be
reduced with a bit of research and a phone call or two.




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