1Choose the Right Model for Each Task
Model Selection Matrix
| Task Type | Recommended Model | Cost/1M Tokens | Savings vs GPT-4 |
|---|---|---|---|
| Simple Q&A | GPT-3.5-turbo | $1.50 | 95% ↓ |
| Chinese Processing | DeepSeek V3 | $0.14 | 99% ↓ |
| Fast Tasks | Claude 3 Haiku | $0.25 | 98% ↓ |
| Complex Analysis | GPT-4 | $30.00 | Baseline |
💡 Pro Tip: Use our model comparison tool to automatically find the most cost-effective model for your specific use case.
2Optimize Your Prompts
❌ Inefficient Prompt (127 tokens)
"I would like you to please analyze this document and provide me with a comprehensive summary that includes all the key points, main themes, and important details. Please make sure to be thorough and don't miss anything important. Here is the document: [content]"
Cost: $0.0038 per request
✅ Optimized Prompt (23 tokens)
"Summarize key points and themes: [content]"
Cost: $0.0007 per request
82% cost reduction
3Implement Smart Caching
Caching Strategy ROI
Frequently Asked Questions
95% hit rate
Common Code Patterns
87% hit rate
Standard Translations
92% hit rate
Result: Average 60% cost reduction through intelligent caching
4Batch Process Requests
Individual Requests
Request 1:50 tokens
Request 2:45 tokens
Request 3:55 tokens
Total:150 tokens
Cost:$0.0045
Batched Request
Combined:120 tokens
(20% reduction from shared context)
Cost:$0.0036
Savings:20%
6 More Quick Wins
5. Set Token Limits
Prevent runaway costs with max_tokens parameter
20-40% savings
6. Use Streaming Wisely
Reduce perceived latency without extra costs
Better UX
7. Monitor Usage Patterns
Identify and eliminate wasteful requests
15-30% savings
8. Negotiate Volume Discounts
Contact providers for enterprise pricing
10-25% savings
9. A/B Test Models
Find the sweet spot between cost and quality
Variable savings
10. Set Budget Alerts
Prevent bill shock with proactive monitoring
Risk reduction
Implementation Checklist
Audit current model usage
Implement prompt optimization
Set up caching system
Configure batch processing
Set token limits
Implement usage monitoring
A/B test different models
Set up budget alerts
Review and optimize monthly
Document best practices