There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man's lawful prey.
About this quote
- What does it mean?
- Anyone can make something slightly worse and sell it cheaper, so buyers who only look at price get taken advantage of.
- In plain terms
- Cheap products are often worse quality, and price-focused buyers get cheated.
- What can you take from it?
- Don't choose products based on price alone.
Where it applies
Putting it to work
Questions to consider
- Are you buying on price alone?
- What quality are you sacrificing?
Another view
Sometimes lower price is genuinely better value for your needs.
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