Opportunities for small Business to reduce costs

lizawelch · #1 (**permalink**) 27-01-10, 12:52 PM

Small Businesses are hard presses for keeping their operational costs in check so as to keep their profit margins intact, despite facing stiff competition in the market. The answer lies in using the latest low cost technologies in an innovative and most productive way.

Using cloud Hosting Services: Small business can drastically reduce the cost of running various crucial applications such as QuickBooks Bookkeeping software, CRM application and Tax applications by adopting cloud hosting services. Application can be hosted on Third party ASP thereby eliminating the need for comprehensive IT infrastructure needed locally to run these applications. Besides reducing the IT support costs application Hosting also allow you to access the applications from anyplace anywhere. And thus providing the much needed flexibility to run your business.

Customer retention: A host of CRM application is existing in the market which helps small business to manage and engage their customer in more effective way so that to increase the customer satisfaction levels and hence retention. Customer and contact management software also help the business in better interdepartmental collaboration in understanding customer preferences, understanding the markets and strategic analysis of the business opportunities. Further, CRM software Such as Sage can be hosted to provide the marketing, sales and management group to have on the fly access to the application.

Save on you communication Bills: Small Business can further save costs if they go for VOIP or hosted PBX services. The VOIP services costs very little as compared to traditional Landline phones.

Cut down Online advertisement Costs: Business can save lot of money on online advertisements, if they spend wisely on building their brand through social networking and social media presence. Social media is many times more effective than other forms of Online and direct Advertisements and through effective community engagements, the market for small business grown not only geographically bust also adds new channels of opportunities.

mark henry · #2 (**permalink**) 07-02-11, 05:01 AM

cutting down on costs can do the best if there is a use of any feasible business software in it. talking with the experience i have about it.

MontiC · #3 (**permalink**) 14-02-11, 05:04 PM

Other than softwares etc. sending e-bills to customer/clients also save your business's paper, printing and courier cost.

KateB · #4 (**permalink**) 09-03-11, 05:37 AM

Another form of marketing which is very nominal and quick as well is Text message marketing..it is easy to reach to the mass with this method and will help in cutting down the cost of marketing as well.....

sjr4x4 · #5 (**permalink**) 09-03-11, 11:29 AM

Quote:

Originally Posted by KateB

Another form of marketing which is very nominal and quick as well is Text message marketing..it is easy to reach to the mass with this method and will help in cutting down the cost of marketing as well.....

great, phone spam, all we need

garlex · #6 (**permalink**) 10-03-11, 10:05 AM

Quote:

Originally Posted by lizawelch

Small Businesses are hard presses for keeping their operational costs in check so as to keep their profit margins intact, despite facing stiff competition in the market. The answer lies in using the latest low cost technologies in an innovative and most productive way.

Using cloud Hosting Services: Small business can drastically reduce the cost of running various crucial applications such as QuickBooks Bookkeeping software, CRM application and Tax applications by adopting cloud hosting services. Application can be hosted on Third party ASP thereby eliminating the need for comprehensive IT infrastructure needed locally to run these applications. Besides reducing the IT support costs application Hosting also allow you to access the applications from anyplace anywhere. And thus providing the much needed flexibility to run your business.

Customer retention: A host of CRM application is existing in the market which helps small business to manage and engage their customer in more effective way so that to increase the customer satisfaction levels and hence retention. Customer and contact management software also help the business in better interdepartmental collaboration in understanding customer preferences, understanding the markets and strategic analysis of the business opportunities. Further, CRM software Such as Sage can be hosted to provide the marketing, sales and management group to have on the fly access to the application.

Save on you communication Bills: Small Business can further save costs if they go for VOIP or hosted PBX services. The VOIP services costs very little as compared to traditional Landline phones.

Cut down Online advertisement Costs: Business can save lot of money on online advertisements, if they spend wisely on building their brand through social networking and social media presence. Social media is many times more effective than other forms of Online and direct Advertisements and through effective community engagements, the market for small business grown not only geographically bust also adds new channels of opportunities.

Damn difficult cutting down on overheads and other costs for small business now.
Couple of examples: I have just looked into VOIP for all sorts of reasons including cost saving, guess what. My B****y Broadband is too slow with no plans to upgrade. (Third World Mentality I think).
Next, I have just had my renewal Company insurance for which we have made no claims for years. The cost has gone up by 120%, the reason given is that they have suddenly changed our area to flood risk even though there has been no floooding in our area in recent memory. Now this is a scam!!

If anyone knows of an insurance company that treats their customers fairly, I would like to know. 'Pie in the Sky' I think?

sjr4x4 · #7 (**permalink**) 10-03-11, 12:14 PM

Quote:

Originally Posted by garlex

I have just looked into VOIP for all sorts of reasons including cost saving, guess what. My B****y Broadband is too slow with no plans to upgrade. (Third World Mentality I think).

Welcome to Iron Age Britain, or copper wire age.....

Quote:

Originally Posted by garlex

Next, I have just had my renewal Company insurance for which we have made no claims for years. The cost has gone up by 120%, the reason given is that they have suddenly changed our area to flood risk even though there has been no floooding in our area in recent memory. Now this is a scam!!

It's because they need to recoup the funds they've shelled out.

Easiest fix, grade the whole of the UK to a flood plain, which give it another 50 years, is probably about right!

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