Here are 5 simple ways to make a dollar last longer and save your company money:
1. Hire an unpaid intern from a local university
Using an intern can be a fantastic way to save both time and money. It may take some time to find a good relationship with a university and to train the intern, but in the long run it will definitely be worth it.
Many universities are looking for local businesses who will offer internships to their students. The student really benefits because they gain real world experience and build a contact with a local business in their field. The business benefits because they get some much needed help with the day-to-day operations.
Fresh Look has greatly benefited from many different interns over the years. We have a partnership with ECPI University, located in Newport News and Virginia Beach Virginia, and we highly recommend the same for any business.
2. Update Your Website Yourself
Updating your website does require strong computer skills as well as time and patience. However it can save a lot of money for your business. Not all websites can be updated by an “amateur”, so talk to your web designer to find out how you can update your website. It also helps if they can train you on how to make those updates. Click here to contact us about how you can edit your website.
3. Don’t waste money on Yellow page ads
Unless you have strong convictions that this is helping your company, don’t spend money on Yellow page ads. They are outdated and it’s just not how people search for businesses any more.
4. Buy your domain through Fresh Look Web Design
Network Solutions and others can cost $35, while we charge $20.
5. Encourage customers to not use their credit card
You have to be careful with this one, because whatever is most convenient for the customer is typically what you want to do. Credit cards are a great way to get paid because it’s immediate and doesn’t give the customer time to change their mind. It’s important to close the sale, and credit cards make that happen right away.
However if you can do it right, encouraging customers to use other means of payment can really add up your savings, especially on large sales. You don’t want to risk losing the customer of course, but a lot of people (especially other small business owners) can really relate to the “evil” credit card fee, and are willing to help you avoid it.
Do you have any good ideas about how to save a small business money? Let us know at firstname.lastname@example.org.