A recent large purchase for services reminded me of the power of competition. I recently had some carwork done and saved over $400 on suspension work. It literally pays to shop around, call ahead, get competitive quotes, compare prices and value. It is our duty as consumers to keep competition in-check, ask providers to match prices, and share your intent to take your business to a competitor.
Saturday, April 17, 2010
Comparative Economics
A recent large purchase for services reminded me of the power of competition. I recently had some carwork done and saved over $400 on suspension work. It literally pays to shop around, call ahead, get competitive quotes, compare prices and value. It is our duty as consumers to keep competition in-check, ask providers to match prices, and share your intent to take your business to a competitor.
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There is a saying that goes "you get what you pay for". I keep opting for inexpensive haircuts and continue to be disappointed with the outcome. Perhaps this is a learning opportunity to focus on VALUE, not price.
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