Financial Prosperity: Keeping Money In Your Pocket

Most people tell themselves certain lies surrounding financial prosperity.  One of those lies is that you have to have money to make money.  This just isn’t true.

What is true is that you will need money or investors for most startups, but quite often people end up wasting money on services or expenditures they could do without or do themselves.

Entrepreneur published a free list of 101 Ways To Save Money In Your Business.

Three tips that could save you money while furthering your business are:

1.    Piggyback Your Advertising - According to J. Donald Weinrauch co-author of “The Frugal Marketer” doubling up on what your mailings include can save you money but still give you a chance to advertise.  This may look like including a coupon for a future service in the same envelope as a sales receipt or thank you letter.

2.    Offer Expert Advice - Offering to teach a class or speaking at a community meeting can position you as an expert and (besides your time) cost you virtually nothing.

3.    Save Money at The Office - Wherever you do business, using energy efficient equipment and turning off equipment that isn‘t being used can save you several hundreds of dollars each year.

Being financially prosperous isn’t always about what money you are bringing in; limiting what you are paying out can be a great way to conserve money and resources alike.