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We’ve all heard the saying, “you have to spend money to make money,” and while the motto is generally true, it doesn’t mean you need to drain your bank account. The amount of money you need to spend to start a business varies based on the type of business, but in general, you won’t need to spend that much. Let’s get into a few money-saving tips for your future home-based business.

Save by Negotiation and Buying Bulk

In most cases, the price is always negotiable, especially for new business owners. With that said, you should sharpen your negotiation skills. One of the best strategies for this is to be easy to work with and don’t demand discounts—no one wants to work with someone who’s greedy. Aside from negotiation, there’s other equipment you’ll need, such as office supplies or tech supplies. One of the best ways to save on these essentials is to order in bulk; you’ll almost always get a better deal when you buy higher volumes.

Go Green When You Can

Given that you’ll run your business at home, this means your home should be eco-friendly. An eco-friendly home will reduce costs over time, and some ways to do this include minimizing energy usage. For example, using energy-efficient light bulbs would reduce your electric bill. Additionally, you could reduce water usage.

Reduce Excess Paper Use and Print With Remanufactured Cartridges

In relation to going green, you should minimize paper and printing when possible. However, there’s always a need for paper copies of documents, contracts, and more related information. A manufacturer’s ink and toner cartridges are a large expense for many businesses, so one way to reduce this cost is by using remanufactured ink and toner cartridges. One of the several benefits of remanufactured cartridges is they’re a fraction of the cost without sacrificing quality.

By negotiating and purchasing bulk items, going green at home, and using remanufactured cartridges, these money-saving tips for your future home-based business will help you hit the ground running. It’s unnecessary to spend thousands of dollars just to get your home business off the ground. In other words, get the business essentials, work hard, and you should see success in no time.

Denise Lockwood

Denise Lockwood has an extensive background in traditional and non-traditional media. She has written for Patch.com, the Milwaukee Business Journal, Milwaukee Magazine and the Kenosha News.