Last Updated on
There are tips on buying office supplies that are sometimes not revealed due to the impact and nature of competition. We hope to expose these 5 tips so that small and medium size businesses can take advantage of these cost cutting measures and compete in these ever changing economic hardships.
Take advantage of Big-Box store credit cards! These credit cards such as the ones offered from Staples and Office Depot offer rewards and discounts that often times will save the small and medium size business 30-50% on their office supply purchases.
When buying office supplies, first calculate how much you intent to spend on an annual basis and then contact 2-3 office supply vendors and negotiate a big-volume based discount based on an annual basis. More than often and especially in these economic times more and more office supply vendors will be willing to fight for your business.
Buy office supplies that are generic and not brand name. Honestly you can save an additional 30-50% off your office supply purchases annually if you stick with generic office supplies. You don’t have to pay a little extra for brand name, generics work just as well and save the small and medium size business thousands of dollars every year.
Negotiate extended terms. It’s not unusual to contact your office supply vendor and ask to extend your payment terms up to 90 – 120 days versus the normal 30 day payment terms. But word of caution! Before you do you should also consider hanging a carrot in front of them. In other words promise to purchase additional office supplies or increase your volume for them. They’ll be more inclined to offer you payment terms if they get something in return.
Find more local businesses that can help you purchase larger amounts of office supplies. A great tip is to start a small office supply buying group with other businesses that purchase similar office supply products and negotiate a huge discount. You can add as many small and medium size business partners to your buying group as you can manage. The best way is to get a programmer to write a small application to help manage your purchases from all companies in your group. If you need help, you can post the job on guru.com or elance and programmers will bid on your job. You could get it done for pennies on the dollar.
We hope you see value in these tips and execute as many as possible to help give small and medium business a fighting change in these economic times. If you need advice or if you need help in saving money on your office supplies you can contact us at anytime.