Home » Money Matters! How To Be More Frugal With Your Dollar

Money Matters! How To Be More Frugal With Your Dollar

Saving money in business is essential. It’s an expensive venture and one that can either go boom or bust for you. With these money saving techniques, you will get the most out of your outlay and still have some cash spare at the end of the week.

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With the rise of social media, you can keep costs of your marketing down to a minimum. It doesn’t cost you anything to start a LinkedIn account or advertise your office life on an app like snapchat or instagram. This might be something you’re not used to, but the money that you spend on newspaper articles or radio jingles is expensive in relation. Therefore, it’s vital that you move with the times and come aboard. Furthermore, potential clients are now also more in tune with this modern way of marketing as it’s much easier for them to just click on your account and see what you’ve got to offer them, rather than write you a letter for more details about your company. A strong and sophisticated website is also a great marketing tool. Either do it yourself or bring in a keen designer to your team. A vital pull for clients is that of eye catching pictures and bold, concise text. Anything less and they will just not be interested.

Paying your taxes can be an expensive business if you’re not sure what you’re doing; and a lot of us really don’t do we? Either, do your research online so as you thoroughly know what you have to and what you should be paying for, or instead you could go for a free consultation with a tax attorney like http://attorneystaxrelief.com/. You really don’t want to be paying too little or too much tax or your business could end up in all kinds of unnecessary trouble.

You’re a businessman so you should be a top class negotiator. Work these skills by doing better deals with clients. Every little helps. If you have been working with them for a long time, you might be able to cut a cheaper deal. Try working that smile again. With leased equipment, you might be able to sort out a better negotiation for you for the following year, if you have looked after it well and have used it frequently in the company. Alternatively, curb your spending a little, bit by buying in bulk rather than paying for individual products. You might be able to get a good discount with chairs and desks for example if you buy them all together. Just make sure you have usage for all of them otherwise it will just end up being a waste of money.

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Money is so tight in business and whenever you can cut a deal, you should do it. You don’t want to be spending over the odds on things that you could get for much cheaper elsewhere. Have a thorough look around before purchasing. You need to find the best deal for you and your business.

 

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