If you own a small business, you probably want to pay the lowest possible amount for the goods and services that you need. Who doesn’t want that, right? Because you are a small business owner, there may be programs, organizations, and practices that can save you money if you are willing to do a little research. Here is our advice for maximizing any small business discounts that may be available:
Look at How You Pay
It can be beneficial to both service providers and consumers when discounts are offered for preferred payment methods. If discounts are available, automatic recurring payments can save a substantial amount of money over time. As mentioned in our previous article, bundling services through one provider can be a quick way to bring costs down.
Barter Programs and Local Business Organizations
Although it’s not technically a discount, the practice of bartering can save money for small businesses in many ways. The long tradition of bartering is making a huge comeback with barter networks. Using these sites, small businesses can mutually exchange goods or services directly. This can be a great way to eliminate waste within a small business or even as part of a survival strategy when business is slow. Barter exchange sites are generally set up for a local area and may be membership-based.
Local business organizations, such as chambers of commerce can be a good way to network with local business owners and also get discounts through your membership. You may be missing out on small business discounts that you already have access to through your existing memberships.
Work With Your Vendors
If you work with vendors, they may have small business discounts, online coupons, or other ways to save you money. Many vendors make promotions or discounts available through their newsletters. Evaluate your arrangements with vendors to see if you can negotiate lower rates in exchange for your products or services or for signing a longer contract.
There are tons of ways to save money and find new small business discounts that are available to you. The easiest way to find out about discounts that you may not already know about is to ask.