Business Services - Large corporations can often save on business services through shrewd negotiation and bulding long term vendor relationships. The sheer buying power of a multi-million dollar company enables it to have the clout to demand better service and deeper discounts. But how does the little guy get ahead? Here are five ways to save on your purchases of goods and business services.
1. Join a Buying Club.
a. For a low annual fee, you can take advantage of pre-negotiated deals with major business services vendors including printing services, travel services, and more.
2. Find out if your bank or credit card company has negotiated discounts available to small businesses.
a. American Express, Visa, MasterCard, even Discover all have programs which can help small business owners save money on their purchase of business goods and services.
3. Look for discounts available to your trade organization
a. If you’re paying annual dues anyway, why not see if the organizations you belong to offer any discounts or special deals for their members.
4. Comparison shop
a. With the availability of information on the World Wide Web, there’s no excuse not to comparison shop in order to save money for your business. When it comes to service agreements, contacting multiple vendors and getting at least 3 bids on your project can save you hundreds, even thousands of dollars. When you have selected a vendor, keep track of how well they perform on contract to the original quote, and keep a file of previous quotes you’ve received, as a baseline for future work.
5. Buy in Bulk
a. I know this may sound like a funny concept when applied to business services, but there are plenty of companies providing business services which allow you to purchase in bulk. For example, printing services, duplication, are all excellent examples of areas where you can save money on larger purchases. Prepaid service contracts, where you purchase a set # of hours up front, is another way to save, provided you believe that you will be able to utilize all of the hours on the contract, of course.
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