Postage meters are valuable tools for businesses that require a significant amount of mailings. These machines help save time and money by accurately calculating postage and printing it directly on envelopes or labels. However, using a postage meters can also be costly, especially for small businesses. In this guide, we will explore several strategies for saving on postage meters, including leasing vs. buying, choosing the right meter, and taking advantage of discounts and incentives.
Lease vs. Buy
The first decision you will need to make is whether to lease or buy a postage meters. Leasing can be a more cost-effective option for many small businesses, as it allows you to spread out the cost of the machine over several years. Leasing also typically includes maintenance and support, which can help save on repair costs.
However, leasing a postage meter can be expensive in the long run, as you will continue to pay for the machine even after it has been paid off. Additionally, some leasing contracts may include hidden fees, such as early termination fees or fees for exceeding usage limits.
Buying a postage meter can be a more cost-effective option in the long run, especially if you plan to use the machine for several years. However, the upfront cost of buying a postage meters can be a significant expense for small businesses. Additionally, you will be responsible for maintenance and repairs, which can be costly if something goes wrong.
Before making a decision, consider your budget and long-term needs. If you have the capital to purchase a postage meters outright and plan to use it for several years, buying may be the better option. However, if you prefer to spread out the cost of the machine and receive maintenance and support, leasing may be a more practical choice.
Choose the Right Postage Meter
Choosing the right postage meters can also help you save money. Here are some factors to consider when selecting a meter:
Volume: Choose a meter that can handle the volume of mail you send. If you only send a few dozen letters per month, a low-volume meter may be sufficient. However, if you send hundreds or thousands of letters per month, a high-volume meter will be necessary to avoid overages or underages.
Features: Consider the features you need. Some meters include additional features, such as package tracking, that can be helpful for certain businesses. However, these features may come at a higher cost.
Cost per impression: Calculate the cost per impression for each meter you are considering. The cost per impression is the cost of postage plus the cost of using the meter. Compare this cost across different meters to find the most cost-effective option.
Take Advantage of Discounts and Incentives
Postage meters can be expensive, but there are several discounts and incentives available that can help you save money. Here are some examples:
1. USPS Discounts:
The United States Postal Service (USPS) offers discounts for businesses that use a postage meter. These discounts can vary depending on the volume of mail you send, but they can be significant for businesses that send a lot of mail.
2. Metered Mail:
Using a postage meter can save you money on postage compared to buying stamps. USPS offers a discounted rate for metered mail, which can be up to 5 cents per letter.
3. Referral Programs:
Some postage meter companies offer referral programs that can help you save money. For example, you may receive a credit toward your account for referring a new customer.
4. Trade-In Programs:
Some postage meter companies offer trade-in programs that allow you to upgrade to a newer machine at a discounted price. This can be a cost-effective way to upgrade your postage meter without paying full price.
5. Negotiate Terms and Prices
Negotiating the terms and prices of your postage meter can also help you save money. Here are some tips for negotiating Research: Before negotiating, research the market and compare prices across different vendors. This will give you an idea of what is reasonable to expect.
6. Bundle Services:
If you are purchasing other services from the same vendor, such as mailroom supplies or software, consider bundling these services together to negotiate a better overall price.
7. Ask for Discounts:
Don’t be afraid to ask for discounts or promotions. Vendors may be willing to offer a lower price or waive fees if they believe it will secure your business.
8. Length of Contract:
Consider negotiating the length of your contract. A longer contract may result in a lower monthly fee or a lower upfront cost.
Early Termination: Discuss the terms for early termination. Some vendors may be willing to waive fees or provide a refund if you terminate the contract early.
Monitor Usage and Adjust as Needed
Finally, it is important to monitor your usage and adjust your postage meter usage as needed. Here are some tips:
Track Usage: Keep track of your postage meter usage to ensure you are not exceeding your monthly limit. This will help you avoid overages and fees.
Adjust Volume: If you find that you are consistently using less than your monthly limit, consider adjusting your meter to a lower volume to save on monthly fees.
Check Rates: Periodically check USPS rates and adjust your meter as needed to ensure you are taking advantage of the most cost-effective options.
Maintenance: Regularly maintain your postage meter to ensure it is functioning properly and efficiently. This can help prevent costly repairs or replacements down the line.
BOTTOM LINE
Postage meters can be a valuable tool for businesses, but they can also be costly. By considering your options for leasing vs. buying, choosing the right meter, taking advantage of discounts and incentives, negotiating terms and prices, and monitoring usage, you can save money on postage meters and improve your bottom line.
