How I'm Reducing Costs & Margins in 2024 for my Small Business

It seems that the trend for 2024 from suppliers is due to recent changes, we are increasing our prices on supplies and then we all break down and cry! Or maybe that's just me. I've experienced an increase on every single item I use to make my products whether its from materials, shipping, rent or anything tied to my business and life in general. It's exhausting and super deflating because someone has to pay those bills and right now it's just me as I'm not raising my prices for my customers. Before I send one of those dreaded emails, I'm working as hard as I can to get my costs down and secure before anything gets passed on. Here's how I'm doing that!

00:00 Welcome
02:10 30 for 30
03:35 Price Increase Madness
06:13 Cutting My Costs Locally for Supplies
09:50 Touch base with suppliers
11:35 Sourcing Overseas

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Видео How I'm Reducing Costs & Margins in 2024 for my Small Business канала Ashley Fathergill | Small Business Owner + Maker