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Posts Tagged ‘Save Money on Printing & Copying Costs’

How to Save Money on Color Printing & Copying

August 31, 2016 Leave a comment

3 Tier Color

Color copying and printing can be a very large expenditure for many companies worldwide today.

The Gartner Group reports that companies spend between 1-3% of total annual revenues on printing.

So if your company’s revenue is $20 million per year your spending between $200,000.00 and $600,000.00 on print output. That’s a lot of money.

Working in the industry myself I suspect that that many companies are over the 3% mark.

Whichever way you slice it, it’s a big expense.

Furthermore, the cost of printing a color page is typically around 10 times the cost of a black page.

For example you may spend a penny to print a black page but 10 cents to print color. The ratio can vary slightly but suffice it to say that color printing can be a real drag on your organizations bottom line.

Over the years I’ve had many customer tell me that they wish there was a better way to do color printing. A way that they could lower the cost of color printing without having to block employees from using color.

In my experience telling employees to print less color just doesn’t work. For many organizations it’s just not an option because color printing is necessary.

Proposals, presentations, brochures, drawings and graphic artwork are things that companies just have to print.

Over the last few decades there has been few technological advances that would allow companies to save on the expense of color printing.

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Until now.

Kyocera has developed technology for their multi-function copiers and desktop printers that finally allows companies to pay for the amount of color that is printed on the page as opposed to paying a flat rate for all color prints no matter how much color is put on a page.

It’s called 3 Tier Color Pricing and it’s only available on Kyocera copiers and printers.

As the name implies there are 3 tiers of color pricing depending on how much color is used.

Tier 1- Simple Color (Low Color Coverage)–  An example of tier 1 would be a document that is all black except for a color company logo or letterhead.

Tier 2- Business Color (Medium Color Coverage)– A report that is mainly black text but has a few color charts or graphs.

Tier 3- Creative Color (High Color Coverage)– Pages that are printed with a lot of color like a brochure or product collateral.

This is a very big deal. By replacing existing color copiers and printers to Kyocera equipment your company can potentially send thousands of dollars to your companies bottom line.

To take the mystery out of how much you can save by switching you can send samples of color documents that you print regularly to your local Kyocera Direct sales representative (for example, me) and they can run them through a Kyocera copier or printer in order to tell you which tier your documents fall in and how much that print would cost you.

No matter how much color your organization prints you can save money. Sometimes significant money.

If you’d like to find out more or test your documents just call me directly or fill out the simple form below. Contact me, Ed Worthington, directly at 443-570-0414.

My company provides Kyocera copier and printer sales and service in Maryland, Washington DC, Delware and Northern Virginia. If you’re not located in one of those areas contact me anyway and I’ll point you to a Kyocera contact in your area anywhere in the United States.

Why not take a minute to do it now? The savings could be considerable.

Thanks for reading and have a great day!

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How Small Businesses Can Save BIG Money on Copying & Printing Costs

Last week I received a call from a small professional services company located in Bethesda, Maryland. The bottom line of the call was that this company was struggling with declining revenues since 2008 due to the economic downturn and is looking to save money on their copying and printing costs.

My experience in the field tells me that they’re not alone. I seem to be getting more and more calls and emails from small business owners and executives with the same questions and concerns. The owners of these small businesses are feeling uncertain about the future and looking to save money wherever they can.

As a matter of fact, this company wasn’t just looking to save money, they needed to save money to stay in business.

They wanted to know if I could help. I could, and in a BIG way. I’ll explain how I did it in a moment but first here is some important background information.

There are approximately 28 million small businesses (under 500 employees) in America . Approximately 90% of these companies have 20 or less employees and about 96% have 50 employees or less. Chances are pretty good that if you’re reading this you’re one of them.

The bottom line is that there are a lot of  small businesses in America and many of them are unknowingly throwing money away every day by using very inefficient and expensive desktop printers and all-in-one (print,copy, scan, fax) desktop printers. I’m not talking about a few dollars here.  There is much more than that in play here.

I’ve been told by more than one business owner that they’ve always assumed because they have so few employees and do such a small amount of printing and copying that it wouldn’t be cost effective for them to purchase or lease a stand alone copier. That assumption is costing many of them thousands of dollars per year.

When I say thousands I mean that literally. No exaggeration. If that sounds like a lot of money that’s because it is. Especially for a small business.

Many businesses based on the assumptions I listed above go to Staples, Office Depot or go online and purchase multiple desktop printers and/or desktop all-in-one printers.

Although these desktop models are less expensive than a stand alone copier to purchase up front, in the long run they can be considerably more expensive to operate due to the high cost of their consumables such as toner, drums, ect.

It’s important to take a close look at the total cost of ownership of your current copying & printing equipment.

I designed The Copier Cost Comparison Worksheet to give businesses and professional practices like yours a way to assess the monthly cost of your current copier(s)/printer(s) to the cost to the cost of the solution that a prospective vendor is offering.

This worksheet is especially helpful for businesses that are using multiple desktop all-in-one machine like the popular Brother or HP models.

There are many variables that effect the overall costs of copiers and printers so you may have questions about your specific situation. When these questions arise feel free to call me directly or fill out the easy contact form at the bottom of this post.

1) How much do you spend on toner per month for all existing machines? Include all desktop printers and all-in-one printers.

__________

2) How much do you spend per year over the last several years replacing  fax machines, desktop printers and all-in-one devices?  (Divide annual amount by 12)

__________

3) Total Monthly Cost of Existing Copier/Document Management Process (Add lines 1 and 2)

__________

4) Proposed Monthly Investment for Stand Alone Copier (Lease Payment or Purchase Amount Divided by 60 Months)

__________

5) Proposed Monthly Investment for Service Plan on Stand Alone Copier

__________

6) New Monthly Investment for Stand Alone Copier (Add lines 4 and  5)

__________

7) Savings Per Month with Proposed Stand Alone Copier Solution (Subtract line 6 from line 3)

__________

8) Annual Savings with Proposed Stand Alone Copier Solution (Multiply line 7 by 12 months)

__________

9) Savings Over Full Lease Term with Proposed Stand Alone Copier Solution (Multiply line 7  by number of  months of lease term)

__________

Other Considerations:

In addition to the savings shown above, your office staff will now be much more efficient in their daily work. The time invested in repeated workflow processes will be dramatically reduced due to the unique features of a stand alone copier solution. There is a definite savings in cost of man hours due to this increase in office efficiency.

Additionally, if you currently receive a high volume of inbound faxes you can save additional revenues by using the stand alone copier as a fax machine. Each fax printed on a stand alone copier is far less expensive than that of a fax machine.

Also with a stand alone copier you don’t have to print every fax. You can have the faxes routed to an email inbox as a pdf document. Many businesses receive several pages of fax spam per day. You no longer have to pay for toner and paper to print out these advertisements. Just view and delete them right from the an email inbox.

These savings are in addition to the savings on this worksheet.

If your organization is located in the Baltimore, Washington DC, Northern Virginia metro area I’d be happy to perform a cost analysis to see if I can save you money. Chance are good that I can whether you have desktop equipment or stand alone copiers.

It never hurts to get a competitive quote to compare your current vendor to.

If you have any questions feel free to call me or fill out the easy contact form below. Have Fun!

Ed Worthington 443-570-0414

Copier Service Contracts- What You Really Need to Know- Part 2

January 15, 2013 Leave a comment

Hey it’s Ed Worthington from Action Business Systems-Toshiba Copiers. We are a copier company in Maryland serving the Maryland, Washington DC and Northern Virginia area but this blog is relevant to anyone in the world who buys copiers.

In today’s installment of my Copier Service Contracts series I’d like to talk with you about another thing you really need to know about copier service/maintenance contracts: Automatic Increases.

When I say automatic increases what I mean is that ALL copier service agreements contain in the terms and conditions the ability for the company to increase the cost of the service in specific time increments.

For example the agreement may state that the service fee can go up as much as 5% per year each year. Some people may think that’s too much and some may think that’s reasonable.

My main purpose of this post is to make you aware of the fact that these increases exist in the fine print and to let you know that YOU NEED TO READ THAT FINE PRINT SO YOU DON’T GET RIPPED OFF.

This is particularly relevant to me right now because there is a company I am working with right now whose current copier vendor has a 10% per quarter increase built in. Yes I said 10% per quarter. OUTRAGEOUS!!

This company also just received a check in the tens of thousands of dollars from their current copier company because I exposed that fact that they were being ripped off.

The current vendor not only charged them the 10% per quarter but much more. Can you say SHADY!

You may ask yourself how a copier company can get away with overcharging a small business so badly.

Well I’ll tell you how and it happens all the time. It is because the business Owner/Controller/CFO doesn’t pay attention to the service bill from the copier company and they increase it slowly. They don’t increase it by 30% all at once. But maybe by 5-6% every quarter.

It really starts to add up!

So the first ACTION POINT here is before you sign a copier maintenance agreement read the fine print and if you don’t like what you see, negotiate.

The second action point is to read your copier service bill carefully and watch for increases.

This advice could save you a lot of money in the long run.

If you have any questions about copier service agreements or anything else copier/document management related feel free to call me or fill out the form below and I’ll get right back to you. 443-570-0414 Thanks for stopping by.

How to Save $5,000 per Year on Your Copying & Printing Costs- A Case Study

September 13, 2012 Leave a comment

In my last post I discussed how businesses and professional practices can save money by optimizing their printing and copying processes.

Click the link below to check out this case study, shown as an infographic, outlining how I saved a client almost $5,000 per year on their copying and printing.

If you have any questions or comments, or would like to find  these cost savings in your business or practice, contact me. ed@edworthington.com 443-570-0414

Copying/Printing Cost Savings Case Study