6 Best Practices to Minimize Remote Work Expenses

by Barbara Beauregard
8/29/2017 8:51:26 AM

Tips for Remote Workers to Save Money

If you have your own virtual business or are a remote worker you may find that sometimes the costs incurred during work hours from overheads or other expenses substantially detract from the profits you are making. In order to maximize your profits you need to ensure that you adopt the best practices so that your income is yours to spend or save, and doesn’t go into the pocket of others. Here’s how.

1. Minimize Telecomms Bills

You probably spend a lot of time on your phone and on the internet. Don’t merely accept services from the first telecommunications company you find. In order to cut costs, call multiple service providers. See what bundles they offer and how they can reduce your monthly fees. You might want to explore unsubscribing from unnecessary service features that you never use or opt for a lower-capacity plan.

2. Use Recycled Printer Cartridges

Especially if you print a lot of documents, the cost of printer cartridges can add up really fast for remote workers. If you want to cut costs, buy a laser printer. It also helps to use 75 DPI and low quality settings to save ink. Unless you are printing visual documents for clients, you will not notice the difference.

3. Go Paperless 

To cut even more costs and save money as a remote worker, just go paperless. Paper, ink cartridges, printers are all unnecessary expenses in today’s high tech world. There are plenty of easy practices to implement to go paperless, such as scanning and digitizing all documents, and signing everything electronically. You should also convert all your bills to e-bills and instead of keeping business slips and collecting business cards, scan them all with your smart phone.

4. Minimize Employees

Human Resources are a time and money consuming investment in any business venture, whether you are involved in remote work or own a bricks and mortar business. Determine what staff are really necessary and consider hiring a virtual assistant to help you instead of full time staff. Hiring, recruiting, taxes and insurance for employees are huge costs, when you hire a virtual assistant you can avoid all of these costs.

5. Reduce Energy Consumption

Overheads add up when you are a remote worker. Instead of having the lights and the AC on all day, use natural sunlight and keep the windows open. Make sure you buy low energy-consuming devices, such as those that say ‘energy star’ on them indicating their costs savings. Turn off your modem when you are done on internet for the day and also turn off any devices you are not using, like your laptop instead of leaving them on standby. You will be surprised at how much you can cut costs.

6. Coworking

If you work remotely but are seeking an alternative working space or an office you can go into when you can’t concentrate at home, try coworking. This consists of working with others in a shared office space. As opposed to hiring your own office coworking provides a viable solution by providing an office environment for a fraction of the cost of dedicated office space.

Additional Resources to Help Grow your Small Business

White Paper

How Mail Services Help Entrepreneurs Succeed

In today's mobile economy, digital entrepreneurs often work from varying locations. While this can help save money and increase agility, it comes with one big drawback:

Read More >
White Paper

Virtual Assistants Provide a Competitive Edge

Countless small business owners rely on remote assistants or offsite receptionists to help with critical organizational duties. While some are content to offload simple tasks to self-employed, stay-at-home support people, others demand more comprehensive services...NULL

Read More >
White Paper

Virtual Assistants & Remote Assistants: A Comparison

While the traditional virtual assistant is likely to work from home, an executive-level virtual assistant is part of a greater brick-and-mortar presence. This fundamental difference opens the door for extensive training opportunities that broaden the professional's support capabilities.

Read More >
White Paper

Overview of Virtual Offices, Executive Suites and Co-Working Spaces

Work has changed. In an age of instant communication, cloud-based applications, and workplace versatility, the era of the traditional office culture has come to an end. Providers of virtual offices, executive suites and co-working spaces have effectively liberated the nation’s work culture, adding dynamic and energizing new choices...

Read More >
White Paper

Part 1 of 4: Introducing the SBA

For entrepreneurs and small business owners, navigating the tricky terrain of creating a sound business plan, forecasting for growth and developing an operative growth strategy can be a major challenge. Fortunately, American entrepreneurs and operators have access to one of the most effective resources in the worldwide market...

Read More >
White Paper

Part 2 of 4: Starting a Small Business

Navigating the complex terrain of creating a sound business plan, forecasting for growth and developing an operative growth strategy can be a challenge for entrepreneurs and small business owners. Fortunately, American entrepreneurs have access to one of the most effective resources in the world via the Small Business Administration (SBA).
... Click to read more

Read More >
White Paper

Part 3 of 4: Managing a Small Business

Congratulations! You have gotten your small business up and running. Now what? This part of our four-part series on leveraging the Small Business Administration to help you launch and manage a small business will focus on the operational aspects of running a business. Whether you need leadership strategies, day-to-day decision making skills
... Click to read more

Read More >
White Paper

Part 4 of 4: Marketing, Sales and Contracting

Understanding marketing and sales as well as the technical complexity of our Internet-driven society gives entrepreneurs a distinct advantage over the competition. This final segment of our four-part report will take a deeper dive into the logistics and philosophy of marketing and sales and their impact on your business success.
... Click to read more

Read More >
White Paper

DIY Marketing Tools

If a business isn’t marketing, its potential customers are not finding it. Small to medium size businesses often struggle with spending hundreds of thousands of dollars on marketing. New DIY marketing tools, however, have eliminated the need to spend astronomical amounts on online and traditional marketing. These tools
... Click to read more

Read More >
White Paper

Virtual Office for Legal Professionals

Law firms (large and small) and solo legal practitioners alike can use virtual office services and spaces to run their entire legal operations or as a supplement to a home office or traditional brick-and-mortar offices. Virtual office services can be particularly useful during trial preparation
... Click to read more

Read More >
White Paper

Finance & Tax Professionals

Finance and tax professionals, whether they work solo or as part of a larger firm, can use virtual office spaces and services to stay on top of their workloads, especially during the busy tax season. Professional virtual office spaces can be particularly useful when back-to-back client meetings are necessary...

Read More >
White Paper

Traveling Entrepreneur

As business people and entrepreneurs continually strive to grow their business, doing so frequently involves traveling around the country to attend networking or tradeshow events, meeting clients and prospects on their own turf, and getting some face-time with colleagues, contractors or employees who may operate in a remote location. Preparation
... Click to read more

Read More >
White Paper

Virtual Office Eguide

Have you ever wondered why some small businesses are successful and others are not and what do these successful companies do to gain an edge over their competition? Through our years of experience
... Click to read more

Read More >