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Monday, March 1, 2010

Cost vs. Price

When thinking about buying a new product, do you ever compare cost and price? "What's the difference?" you are probably wondering. Well, for example, if you are looking to buy a new blender, for example. Let's say you are comparing a $15 Hamilton Beach blender to a $40 Oster blender. (I owned a cheap Hamilton Beach blender, and now I own an Oster blender, so I am using this comparison). The initial price of $15 looks appealing. The two have similar features--they crush ice, they both make smoothies, etc. Let's say you buy that cheaper one. Well, a month or two in, you turn the bottom where the blade screws in to the pitcher a little too hard, and the plastic cracks on the pitcher. You look into buying a new pitcher for the thing, and you can't find one. Even if you could, it would be about the same price for a new blender, right? So now you go back and buy the Oster blender, which is made from thick glass and is simply better quality. You end up using this one for a few years, (let's say 3 for this example's sake). Barring that you don't burn out the motor or break the glass, the whole thing will not break easily on you and you have a solid product. So you had the Hamilton Beach Blender at the price of $15, but you only had it for two months, so it cost you $7.50/month. When you bought the Oster blender at a price of $40, and you were able to get 3 years out of it, it ended up costing you about $1.11/month. Now, if we compare the cost, which one has a better value to you?

Think about this. And think about price vs. cost in another way. Most or all of you reading this know that I market and sell home fitness and health products, depending on the needs of my trainees/customers and what will work as a solution for them. What I suggest to you may seem a bit much as far as price goes, but surely you should see that for whatever the price and/or cost of products that will vastly improve your health and quality of life, you will get a superb value when comparing this to the cost of things you will most likely need in the future if you don't decide to take care of yourself and make some wise purchases now. Things like...diabetes testing supplies, blood pressure medicine, doctor and hospital visits, sleep apnea machines, and other medical supplies. You get what I'm saying? So make an investment in your health today that will save your health and save you money in the future. I don't know about you, but I'd rather enjoy my life rather than simply preserving it. How bout you? Thanks for reading everyone, and have a great night!

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