Saving Money o Office Supplies and Equipment
Posted by Beth Green | Under Finance Tuesday Feb 9, 2010Growing your business is irrevocably tied to cutting costs. Office supplies such as stationery, computers, printers and faxes, and photocopiers can seem like the last place to realize any savings, but in reality, this area has great potential for substantially cutting overhead. In today’s business world, businesses take office supplies seriously, and track their consumption. We have some helpful tips for you to use to save on the cost of office supplies.
Large warehouse membership clubs, such as Sam’s or Costco, may have fairly competitive prices, they often have little selection. Furthermore, these retail giants usually offer their products at a 15% or greater mark-up from the original purchase price. Essentially, if these companies do not get good deals on their products and pay more, they will pass these additional costs along to you. You will also be responsible for an annual membership fee in order to continue shopping with the warehouse.
Simply because a product is packaged in a larger size does not always mean that it is more cost efficient. In fact, many retail stores have bad reputations for increasing per unit prices or weight in economy-sized packages as compared to the smaller product packages. So before buying at product in bulk, take a few minutes to compare the bulk size to its smaller counterparts first. It may be more cost efficient to purchase 10 packages of 10 pens rather than a single large box of 100.
Additionally, you may use the internet to help coordinate your search for the best price options. Taking a little time and comparing sales between stores, you should quickly find a store that you prefer over the others, specifically one offering excellent quality products, a larger assortment of them, and at the best rates. Although many retail stores claim that they offer office supplies at very low prices, be sure that these products are actually high quality brand name items that you are familiar with in the first place.
Sometimes one store may have incentive offers that are better for you than purchasing at your regular store, take advantage of this. An example would be; buy 50 notepads and receive 50 pens free. Some even give specific discounts if your business fits a specified criteria. An NGO, for example would be exempt from paying sales tax. Don’t delay, start cutting costs today.
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