Cost Efficiency Solutions
To help small businesses save on operational costs, Bagel Marketing adopts the following strategies:
1
AI and Automation
The advent of AI offers significant cost-saving opportunities for small businesses. Nvidia’s Jensen Huang mentioned that with AI’s development, startups now need fewer human resources, as AI can significantly boost individual productivity. While AI can’t completely replace humans, it greatly enhances operational efficiency.
2
Bulk Purchasing and Discounts
Bulk purchasing can provide significant savings. Inspired by the success of platforms like Pinduoduo in China, we understand that price plays a crucial role in consumer decisions, especially during economic downturns.
3
Alternative Apps
AI’s growth has led to the emergence of many affordable app development companies. While large corporations might need premium tools, small businesses can often use more cost-effective alternatives without sacrificing functionality.
Automation Solutions
Performance-Based Pricing
Automated Responses and Scheduled Email Campaigns: Streamline customer interactions and marketing efforts, reducing the need for manual operations.
AI Tools for Social Media Management: Schedule and generate content for multiple platforms in one go, cutting down on time and labour costs without compromising engagement.
Cost-Effective CRM and POS Systems: Develop low-cost enterprise systems using AI to manage customer relationships and point-of-sale operations, reducing subscription costs for larger tools.
Bulk Purchasing and Discounts
Commission-Based Pricing
Collective Buying Power: Collaborate with other small businesses to negotiate better prices from suppliers and advertisers.
Shared Advertising Costs: For instance, if a publisher requires a minimum spend of $10k, we can pool resources from 4-5 businesses, reducing individual costs while achieving the same exposure.
Alternative Apps
Commission-Based Pricing
Platform Review: Assess current tools and suggest cheaper alternatives that meet your requirements.
Cost-Effective Marketing Services: Identify the most economical marketing services to boost your business growth.
