Double Your Profit Day #22 Stop Overpaying Vendors Today With This Trick!
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Aug 22, 2025
Discover how mastering vendor negotiations can significantly enhance your profitability. Learn effective strategies to cut costs without compromising on service quality. The podcast reveals key insights on conducting cost reviews and leveraging your buying power to secure better terms. It's all about buying smarter and unlocking hidden profits in your business.
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insights INSIGHT
Vendors Are Low-Hanging Profit
Vendors are one of the simplest and largest places to find immediate cost savings in your business.
Regularly review supplier categories to ensure prices and terms match your profit goals.
volunteer_activism ADVICE
Review Categories Regularly
Review cost categories every 3–6 months and benchmark equipment, fittings, and materials.
Specify delivery needs, inventory management, and payment terms before negotiating.
volunteer_activism ADVICE
Negotiate Delivery And Payment Terms
Demand vendor-managed inventory, consignment, or multiple daily deliveries to reduce stockouts and downtime.
Negotiate payment terms and prepay discounts rather than just accepting the maximum days offered.
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Welcome to Day 22 of the Double Your Profit Series
The go-to series for contractors, home service owners, and small business entrepreneurs. Today, we’re diving into one of the fastest ways to improve margins without cutting jobs, service quality, or growth: Vendor Negotiations. If you had to find 10% savings in your business today, where would you look first? That’s right — your vendors.
🧠 Why Vendor Negotiations Matter Your vendors are some of your biggest partners… but also one of your biggest cost drivers. From equipment and uniforms to fittings and materials, what you pay (and the terms you agree to) has a direct impact on your bottom line.
The good news? Vendors expect negotiations. The bad news? Most businesses don’t do it nearly enough.
💸This Episode is Brought to You by CFO Made Easy
Built a strong trades business? Let’s take it to $10M and beyond. CFO Made Easy offers part-time CFO services for home and trade service businesses—helping you boost cash flow, maximize profit per tech, and make clear growth decisions.
📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
⚙️ The Big Picture Vendor negotiations are one of the easiest ways to unlock hidden profit. You’re already buying — now it’s about buying smarter. With better prices, stronger terms, and tighter partnerships, you’ll save thousands (or even millions) without sacrificing quality or growth.
🔥 Think of this episode as your step-by-step playbook for negotiating with confidence — and winning.
John Wilson, CEO of Wilson Companies Jack Carr, CEO of Rapid HVAC 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
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