While payment services normally have reduced fees, they do have higher "per transaction" costs so you'll have to do some math to find out if this is a good idea for your business. Just take an "average" invoice amount from a sale and multiply it times 12 to get a base total to work with. Now, add in your 12 months worth of fees for statement, monthly access, discount percentage, per transaction cost, etc. This is your "example" total. Do same with several payment services using their costs to see which one, over time, would be less expensive for you.

If you were paying a $15 statement fee, $20 monthly fee, 3% + $.35 per transaction and $25 monthly gateway fee, your annual expenses would be $742.20 for an average transaction of $50.00. Your annual fees for a payment service with 3.5%, $1.00 per transaction and a one-time $50.00 set up charge would only be $83.00 per year. [Savings of $659.20 per year.]

3) Re-evaluate Your Long Distance Costs - Competition is small business owner's friend! With hundreds of long distance companies out there, you can drastically reduce your charges instantly. Again - use 'Net to search for inexpensive long distance service. A business owner I know changed from a MCI "program" to one of those 10-10 companies and reduced her per minute charge from $ .07 to $ .05. Depending on volume of calls you make, some programs offer rates as low as $ .03 per minute. [Estimated savings of $20-$30 per year for 1,000 minutes.]

From just these three little things, we've saved an estimated $802.60 per year. That's enough to make anyone's spreadsheet sing! Go through your list of costs and you will most likely find other expenses that can easily be reduced with a bit of research and a phone call or two.

Diane C. Hughes * ProBizTips.com

You can also send same message to any lists or bulletin boards you frequent. Most people are more than happy to refer those they have had pleasant working relationships with.

---- Final Decisions

Lastly, once you get results from your search back, contact ones you feel most comfortable with. Again, honestly explain what you are doing and that you would like to create a joint partnership with them in order to exchange leads, prospects and services.

Even if someone does not suit your needs at moment, enter them into your database for future reference. I once had a graphic designer's email address and samples for 6 months before having a need for them. However, because I had already established contact, once my need arose it was smooth sailing!

When you are ready to begin your projects, just contact those on your list who can fill a need. Perhaps you want to advertise your Web design services. You can ask someone in your network (a Web host, a graphic artist, etc.) to participate in joint advertising with you. This will allow you to get excellent exposure for ½ price because those costs are shared with your "partner".

You can also set up a referral process. I have several arrangements with others in where we exchange referrals. Some do it for a fee, others just do it on a one-for-one basis. You and your network member can decide what works best for you.

The results of this simple process are normally tremendous. The majority of small business owners are always looking for ways to expand their businesses. Exchanging leads with one another, creating joint affiliations and bartering are great ways to create a broad network that truly does work!

Diane C. Hughes * ProBizTips.com