5 Things Small Business Owners Can Do To Save Money

If it’s one thing that all business owners have in common, it’s that they like making money. Who doesn’t, right? What separates small business owners from owners of major corporations, however, is there need to work within tight budgets. Doing so entails spending money carefully, and in the right places. What to spend on advertising campaigns, hiring practices, inventory, equipment and more all come into play on regular basis in the minds of small business owners.

So what can small business owners do to save money? Here are five ideas:

1. Hire the right staff. Strongly consider the type of people you want working for you. You’re not likely to have that much of a large staff to begin with, so you’ll want to fill your office with people who are both highly talented and very likeable. Having a team comprised of members who each contribute while having the ability to get along with each other will save you a lot of money by way of recruitment and training costs.

2. Utilize social media marketing campaigns. It only makes sense to establish and maintain Facebook and Twitter accounts, among the many other social networking platforms that are out there. They are free to use and widely successful in the getting the word out about your brand. Each time we post a new blog to our site, we both tweet the link to it and throw it up on our Facebook account. It has greatly helped us to generate more traffic to our site.

3. Get in good with your vendors. The relationships you have with your employees and your customers aren’t the only ones that count. It’s important to establish strong bonds with your vendors so that you can more easily negotiate prices. For example, you may be able to work out an arrangement where the more of their items you order, the less each item costs. Buying in bulk is often a go-to money-saving technique.

4. Reuse and recycle. It’s no secret that we’re living in a highly digital world. That means that we’re using paper less and less. So why keep buying it? Use the backs of old sheets for your notes until they run out of space. Buy recycled paper so that you’re spending less on it, in general. Try using refurbished computers in place of brand new ones. Depending on your business, certain corners can be cut and they won’t hurt your brand.

5. Change your telecom provider. Are you still a customer of one of those big-named telecom providers? If so, you’re paying more for your services than you need. Large corporations notoriously overcharge their customers. And from our experience, here at MeloTel, the telecom bills we’ve seen from them have proven that. By making the switch to MeloTel for such business needs as our VoIP-based Commercial Phone Services, you will automatically save money.

Not only will your monthly bills decrease, but you’ll enjoy superior service and calling features. Firstly, our phone services come with a FREE Polycom Phone Program which means you won’t be paying for any of your phone equipment for as long as you’re a MeloTel customers. Also, with unlimited calling to more than 22 countries, you’ll never again receive a long distance bill like the ones you’re likely used to.

For more information about our Commercial Phone Services or any other service that MeloTel provides, please don’t hesitate to contact us at 1-888-MELOTEL or use the “Live Chat Support” feature on our website!