Friday, March 25, 2016

Is there a Cost to Cheap

You bet there is.  So, let's get straight to it.

We'll use a subject that everyone can understand.

Underwear, yes... underwear.

Even though you may not admit it; we've all had the experience of great fitting underwear aswell as really bad fitting.

What's the difference between them?

Design, Fabric Type and Production.  All these have a price.

Design : How much thought has gone in to the use of the item.  Are they suited to the task?

Fabric Type : Will the fabric be suitable for the task and will it be durable enough to last?

Production : How has it been put together?  Are the seams done 'properly' or have they been sewn together using the simplest and cheapest method?

How will these 3 factors stand the test of time (and wear).

Whether it's underwear or reusable bags, all these factors have an impact on price - simply because it costs more to do thing properly.

BUT the extra cost is not double or triple.  It's a really small percentage.

Think about the price difference on 500 bags.

  $1.29 vs $1.32
    =  $0.03 per bag
    =  $15.00 overall

  62p vs 64p
    =  2p per bag
    =  £10.00 overall

How much longer does a well designed and well made product last?

Think about your own experience.

Apply that thought to your next bag purchase; and maybe underwear too  :-)

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