August 21st, 2006 by Bob Bly
Do you nickel and dime your suppliers?
Do you always or usually select the low bid for services?
Perhaps you should not, advises businessman George Newman.
“Sometimes it pays to overpay,” says George in an interview with Bottom Line Personal (9/1/06, p. 7).
“The best service professionals usually are in the greatest demand,” he says.
Newman recommends that when you find a vendor you like, you should do what you can to make him like you more than he likes his other clients.
Reason: you will get better treatment, quality, service, and turnaround.
How about you?
Do you buy business, professional, and personal services based on the low bid?
Or are you willing to pay a higher price to (a) hire the most experienced and qualified vendor, and (b) motivate them to do the absolute best they can on your project?
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