Thrifty Business Practices: Finding Cheap Industrial Magnets

Whether you manufacture computer hard drives or you work in the construction industry, industrial magnets may play a major role in your business. In these hard economic times, however, the cost can be crippling for many companies. Fortunately, there are a number of outlets where you may be able to find industrial magnets for sale at a discounted cost. With a little research and perseverance, you will not have to bankrupt your company just to get the supplies that you need.

One factor that will affect the way you shop for industrial magnets is the type of magnet that you need. If you build hard drives, for example, you are probably in the market for rare earth magnets and you are probably looking for relatively small sizes. If you run a construction company, however, you may need the much larger electromagnets that are used to lift metal beams and construction supplies. Regardless of the type of magnet you need, however, your regular wholesale supply store is probably the first place you should look. Many stores have begun offering their customers new incentives as a way to boost business during the recession.

If your local supplier is still too expensive, the internet is another great place to find industrial magnets for sale. There are a few ways you can approach online shopping. The first is to find a store that sells supplies related to your industry. This method will offer the greatest specialization of magnets. The second method is to find an online outlet store that deals exclusively in magnets. While these outlets tend to be less specialized, they also offer the best prices.

Depending on the type of magnet you need, and what you will be using it for, it may also be possible to rent your supplies. If you are manufacturing hard drives, this is not a good option, as the magnets are needed as components of your finished product. If you run a construction company, however, rental may be a viable option, especially if you do most of your work on small-scale projects. If you only need an electromagnetic crane every few months, you may be able to rent it at a fraction of the cost of buying one yourself.


In the end, the most important thing is to remember not to limit yourself. When you are facing economic strife, it may be impossible to buy from the same suppliers and conduct business the same way you have in the past. Think of your current economic condition as an opportunity to expand your mind and change your way of thinking. Finding cheap industrial magnets for sale now is only the beginning. Learning thrifty business habits will continue to benefit your company, even after the economy inevitably improves.