How to Buy From Vendors

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  1. Go to Vendor A.
  2. Vendor A gives quote.
  3. You: "Buy! OMGz! Buy! Buy! BUY! OMGz!"

BOO: That's how you get bad deals from vendors.

Instead, use the supply-and-demand magic:

  1. Create more supply.
  2. Decrease prices. Get better deals.
  3. Win!

(And even if you don't get lowered prices, you'll still get more bargaining power -- e.g., nice add-ons/features/coupons/etc.)

You + Coffee Beans

Say you want to buy coffee beans for your office.

  1. Vendor A: "I can offer our office beans for $100!"
  2. You: "But, I just went to Vendor B who's equally as good as you, and they offered $95 plus free shipping."
  3. Vendor A: "Okay, okay. $95, and I'll give you 20% off your follow-up purchase. Free shipping."

You: Win!

Now, go to the equally competent Vendor C -- and see what they can offer you.

Say NO! to Rookie Mistakes

Rookie mistake:

  1. Go to one vendor.
  2. Listen to sales pitch.
  3. Get enthralled.
  4. Buy.

You'll slowly see your bottom-line decline like a constipated bovine.

Instead, decrease your prices and get better deals by going to multiple vendors.

'COFFEE BEEEEEEEEEEEEEAAAAANS."

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Posted on August 26

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