Cutting Costs In Your Home Office
When you
run a home business, you may think it impossible to cut costs. You’re already saving in rental payments by
working from home, what more is there to cut? But there are more ways you can save money for your bottom line. Here are four ways to cut home office costs:
1. Shop around for the best (and cheapest) telephone and
internet service.
If you’re
already using a business package for your telephone service, you may want to
see if a residential line might be cheaper. Because you’re working from home you can take advantage of more
inexpensive phone plans. You might be
able to save even more money in bundling your phone, cell, and internet
services. One way to do that is what they call Voice Over IP, or a making telephone calls through your internet connection (usually best with a DSL line or faster). Online everything is a local call.
Also be sure to monitor your long distance calls and bill clients when appropriate. You could save a significant amount of money by calling long distance during off-peak times. And remember that rates change frequently; regularly shop around for the best plans.
2. Buy used office furniture.
Wholesale
office suppliers often sell good furniture at a reduced price, so don’t go out
and buy the first desk that you see. And
businesses often upgrade their furniture, selling their used furniture through
the classifieds or business sales. Shop
around. Check out thrift stores or look
for liquidations, auctions, or closeouts.
3. Purchase
office supplies in bulk.
You can save a lot of money in buying your office supplies
in bulk. You may not realize just how
much you use, but the truth is you have your own business and whether or not
you use those staples, post-its, or files this month, you’re going to use them
eventually. Why not stock up and
save? Run the numbers and you’ll
generally find that buying in bulk will save you in the end. And many office supply stores offer
memberships that can also save you money. Don’t be afraid to spread the word and tell people what you do; you may
be surprised at the discounts you’ll get.
4. Cut mailing costs.
If you
spend a lot of money on mailings, there are various ways you can cuts those
costs. Consider purchasing a meter which
enables you to print exact postage rather than using too much postage trying to
be safe. When sending priority mail be
sure to use the free boxes and envelopes the post office offers. Also consider purchasing a bulk permit which
will save you money on bulk mailings. When
possible use standard-size envelopes. And finally, check your mailing lists to eliminate duplicate or bad
addresses.
The more aware you are of business costs, the better you can manage them. Take inventory of your expenses and brainstorm ways to cut back. You may be surprised at how a more creative approach to your costs may save you a lot of money.
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