Saturday, April 24, 2010

Value-Schmalue

What does the concept of  good VALUE really mean to you?
Do you think that value means cheap? Well if you do, we'll just have to agree to disagree as I don't think that at all!

When deciding if something is good value or not, here are some factors to be considered ..
  • Is it durable? Something may initially seem to cost a bit, but will it see out the task and last the distance? Buying something cheaper may not represent value at all if it has to be replaced in next to no time. Good value often means good quality.
  • Will it do the job well? There's not much value in an item that is not fulfilling it's need or its purpose no matter how cheap it may have been. If it doesn't work well or doesn't get the job done then I'm afraid it's not really a bargain no matter how rock bottom the pricetag.
  • Do you even like it? If it's not likeable then it's possibly not good value as it may not get its full use! Of course that's not to say everything that is nice represents value so don't twist my words!
  • Is it *reasonably* priced? Yes, price is certainly a factor in value. Although manufacturers may nominate a RRP (Recommended Retail Price) remember that retailers are free to sell goods at any price they choose and that shopping around pays off. Check online for some instant price comparisons but don't forget to ring around bricks and mortar stores too!
A challenge this week then is to think about the last 5 things that you purchased and whether or not they represented good value? Let me know if you are surprised by what you find!

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