You Won’t Believe These Simple Ideas Could Save Big Money

Saving money in business is an important aspect of developing your business. The compulsion may haunt you, as it sometimes gets difficult to find ways to save money in business. But the magical part is, even simple ways can make huge differences. You don’t always have to look for great money saving ideas for your business. Here are some cases where minor changes could save the company huge amounts of money. You won’t believe, but some of them are so simple that you can start planning from today.

Reduce it!

A small change in the production of matchbox saved the company huge chunks of money. What they did is they made the striking area only on one side of the box instead of both. This did not affect the consumers at all, as the purpose was not compromised. The cost of production went exactly half without reducing the revenue.

Reduce it once again!

The next story is from an airline. They removed a single olive from the salad they served. The customers again did not come to know as it hardly made a difference in a platter of salad. The taste was not compromised, the quantity did not go down, but the company’s expenses did. Similarly, a cigarette producing company started supplying 19 cigarettes instead of 20, without informing the consumers.

Make it smaller

Do you remember the childhood day when chocolate bars used to be bigger? Yes, they used to be bigger for sure, because now the popular brands of chocolates make less weighing chocolate bars as compared to olden times. The packaging and pricing remain the same, so the change in the weight goes unnoticed.

Put small charges

Airlines are the masters of this concept. They quote you the base price but charge for every little service they provide you, starting from carrying your luggage on the trip to allowing you to select your seat. Such small charges when combined can benefit the company.

Cut it short

This story is the most amazing one. It is about a call centre, where the number of employees is high and there are many visitors in the office. They were spending too much on water bottles, the water consumption rate was too high, due to which they had to buy 20 bottles per day. The solution they came up with is they replaced the drinking glasses with shorter ones. This was more like a hit and trial method but it worked well. Wastage of water gone down, thus reducing the company’s cost. Shared and coworking spaces can follow such methods to decrease wastage.

Every penny is precious so you need to keep a check where each one is going. You can always find such little simple ways to save money in your line of business. You need to maintain a fine balance because cutting down the size or quality or adding charges can make your customers angry. However, a fine-tuning while doing all this can help you in saving huge bucks every year. Look everywhere, you will definitely find ways to save money in your business.