Monday, July 16th, 2012 - SME Savings
SME Savings is now offering its members buying power of $25 million, securing significant savings for small-to-medium businesses on essentials like paper, stationery, fuel, banking products, technology and training. The free service functions under the simple principle that bigger buying power secures better prices. Just by registering, SMEs can save as much as 50% with any of SME Savings’ suppliers.

Founded in late 2011 the service already has over 400 members and a number of big name suppliers on board such as Officeworks, the Commonwealth Bank and BP.

The combination of no joining fees, ongoing fees or obligations, and local customer service from real people, makes SME Savings the simplest way for SMEs to get a share of the savings that are normally reserved for big businesses.

Founder Michael Reid established SME Savings because he believed that SMEs should have a better offer. Recognising the need for a buying group to step in and help Australia’s 2,044,736 SMEs secure common use goods and services at competitive prices, he founded SME Savings.

Michael explains, “Put simply, SME Savings exists to bring some balance back to the playing field between big businesses and SMEs. Big businesses have always been able to leverage their bigger buying power to obtain better prices from suppliers, but SME Savings gives small-to-medium sized businesses the opportunity to tap into this bigger buying power too.”

Unlike a daily deals site or regular buying groups, SME Savings offers its members genuine savings on an ongoing basis like fuel and stationery on items that they need for their business. The merchant fees negotiated by SME Savings are consistently available every day, and the service doesn’t bombard its members’ inboxes with daily deals that may or not be specific to the needs of each SME. Rather, it procures quality deals and considerable savings for its members from well-known suppliers.

SME Savings understands that people are time poor and often don’t know what the benchmark prices are for non-core products. SME Savings does all of the legwork for its members, in addition to answering emails and phone calls from members. Its focus on customer service and on building healthy, mutually beneficial relationships with members and suppliers makes it so much more than just a website!

“It’s always a good sign when customers take the time to write to a service to thank them for your assistance and savings,” commented Michael. That’s exactly what members of SME Savings do and most of the growth that SME Savings has experienced is a result of word of mouth referrals from small business such as a travel agency that saved over $5,000 in their business start-up costs.

Up-Side Building is one small business that is making huge savings because of their membership with SME Savings. Up-side Building switched to Elgas from their regular supplier and because Elgas offers a negotiated volume based rate, they received a discount and a further 5% off. The result is savings of nearly 50%! Another member is saving over $220 each week in fuel for their fleet of 30 diesel trucks through SME Saving’s partnership with BP, while another saved $199.77 off their regular Officeworks order.

But it’s not only SMEs that stand to profit – there’s a lot in it for suppliers too, who can generate up to 80% new business. By teaming up with SME Savings, suppliers have the opportunity to service a greater proportion of Australian businesses – 95.6% of which are actually small - and offer them genuine discounted offers.

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Stats:
  • 95.6% of Australian businesses are small (Australian Bureau of Statistics, Counts of Australian Businesses, Including Entries and Exits’, cat. No. 8165.0, ABS, Canberra, 2010).
  • There are 2,044,736 SMEs in Australia (Australian Bureau of Statistics, Counts of Australian Businesses, Including Entries and Exits, June 2007 to June 2009, cat. no. 8165.0, ABS, Canberra, 2011).

 

Contact Profile

SME Savings


SME Savings uses its big buying power to secure significant savings for small-to-medium businesses on essentials like paper, stationery, fuel, banking products, technology and training. With no joining fees, ongoing fees or obligations, and local customer service, it’s the simplest way for SMEs to get a share of the savings that are normally reserved for big businesses.

SME Savings functions under the simple principle that bigger buying power secures better prices, and with $25 million in current contracts, the service’s 400 members save as much as 50% with any of SME Savings’ suppliers.
Phoebe Netto
P: 0401036610
W: smesavings.com.au/

Michael Reid


Reid worked in a number of different industries, including radio, materials handling and building, before realising his passion for being a buyer and an entrepreneur. Shortly after finding his calling as a buyer, he became a partner at a successful buying business that had approximately 40 staff at its peak, and later went on to become the General Manager of what was at the time Australia’s largest private buying group. Using this experience, Reid purchased an industry-based buying group, which led to the realisation of SME Savings in 2011, which he’d envisioned almost 10 years earlier.

Keywords

SME Savings, group buying, daily deals, SMEs, SMBs, small business

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