1. Throw out those fancy pink duplicate phone message pads that everyone loved so much (in the ‘80s) and email phone messages through your organisation.

2. Don’t mail out tax invoices – email them. Why pay for printing, paper, a stamp and an envelope when you can just mail the invoice?

3. Set up a blog with an RSS feed as the memo board for your staff, if this sounds too techie – set up a facebook fan page and do the same thing.

4. Ban overseas phone calls and have everyone use skype instead. If it’s a business call it’s probable that whoever they’re calling is going to have skype anyway.

5. Throw away your cheque book (well as much as you can). Pay everything by credit card or direct deposit (save the stamp, envelope and time).

6. Teach your staff the difference between using express / overnight delivery envelopes just ‘cos they’re fun and pretty and actually needing to. Also teach them that when sending a letter in the same post code – it’ll get there tomorrow anyway!

7. If you send out a printed newsletter – stop! C’mon who doesn’t have email these days – it’s cheaper and you’re killing less trees.

Ways to spend money that’ll still save you money in the long term

8. Subsidise staff member’s gym memberships. Healthier, fitter staff have less sick days. If you were to subsidise $100 from an annual gym membership and it results in 2 less sick days a year – you’re way in front.

9. Get rid of the charity choccies and biscuits (sorry!) and have fresh fruit available for your staff to munch on. See point eight about healthy staff being better staff.

10. Get a decent coffee machine in your office. 3 trips to the Starbucks a day ‘aint cheap (on your business – forget about on their pockets). If your staff are gone for 15 minutes a time for each coffee break, that’s 45 minutes a day more productive they could be if the coffee were easier to get to. Also (considering my rant on health), get a water cooler and make it much easier to get to than the coffee pot.

Kirsty Dunphey is one of Australia’s most publicised young entrepreneurs and is the founder of www.reallysold.com - the ultimate tool to help real estate agents write amazing advertisements. The youngest ever winner of the Australian Telstra Young Business Woman of the Year award, Kirsty started her first business at 15, her own real estate agency at 21, was a self-made millionaire at 23 and a self-made multi-millionaire at 25. For more information on Kirsty or either of her books – Advance to Go, Collect $1 Million and Retired at 27, If I can do it anyone can, or to sign up to her weekly newsletter head to: www.kirstydunphey.com

 
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9 Comments on 10 Simple Ways To Save Money In Your Business

Good tips, we can all take advantage of some of these to save money.

05/19/2008 08:00 AM by Mary Strang, Viroqua, WI Real Estate (RE/MAX Hill Country)


Excellent tips, Kirsty.  And very interesting info about yourself at the bottom of the blog.  Impressive...

05/19/2008 08:15 AM by Clint Miller - www.recr.com (Real Estate Client Referrals LLC)


Spokane Washington Real Estate Expert Sound advice though I like to send th printed newsletter because email is so spammy if you want it to actually get read send it.

06/04/2008 11:22 AM by Spokane Real Estate - Ross Quintana (Team Quintana Real Estate - MJ McAdams Realty Lic#3015)


Hi guys, thanks for your comments. Ross - good comment there as you may definitely get a higher read rate if you print the newsletter (but the trees may thank you for emailing!) cheers K

06/07/2008 09:46 PM by Kirsty Dunphey (www.reallysold.com)


I think these are some great ideas, considering the market these days, we need to get skinny where we can!

07/21/2008 08:00 PM by Ben Myers, GRI, REALTOR, Boise, Idaho, USA (Jagen Realty)


Couldn't agree more.  I downsized my phone service by over $100 a month this year and don't miss it yet.

07/21/2008 08:28 PM by Gene Allen Realtor Hampton Roads Real Estate (Resh Realty Group)


Kirsty I hope you can help me out as far as sending e-mails instead of newsletters. I send out e-mails every week and I seem to have no luck. Great post though.

07/21/2008 10:16 PM by Lanre Folayan "Buy a home in Washington,DC" (EXIT PREMIER REALTY)


Hi guys, thanks for all the great comments and glad to know you enjoyed the post.

 

To Lanre and Ross - you might find this post http://kirstydunphey.blogspot.com/2008/06/26-ways-to-build-subscribers-to-your.html

on e-newsletters of interest.

Kirsty

07/21/2008 10:22 PM by Kirsty Dunphey (www.reallysold.com)


Great post.

 

Thanks for sharing.

 

 

07/24/2008 01:28 PM by Jim Fischetti (The Fischetti Group/Keller Williams)


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Real Estate Trainer: Kirsty Dunphey (www.reallysold.com)
Kirsty Dunphey
College Station, TX
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