Michael Newman’s latest ‘e-Wealth Daily’ article is titled “A Lesson in Value”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

A Lesson in Value

The other day, I learned a fairly valuable lesson, and it was that, once a transaction is completed, the sale isn’t necessarily finalized.

Recently, I’ve been in the market for a new suit. I have a regular tailor who I’ve been using for years, but he recently closed up shop to enjoy a luxurious life of retirement. A friend
of mine recommended a shop where he’s been getting his suits for years. In fact, the shop is renowned across the city for having high-quality suits at low prices. In fact, this place
guarantees you won’t find a lower price (based on quality) anywhere else in the city. In any event, I decided to check it out.

When I got inside, let me tell you, I was quite impressed. Great selection, friendly staff and excellent prices — just as advertised. After finding the right one, I made my way to the cashier and paid the bill. On the way out, however, I figured I would swing by a larger department store also known for quality suits, just to make a comparison.

Now, usually I shop around before I make a purchase to ensure I get the best possible deal, but this case was different. I had to be quick to get this new suit, and taking my time researching
was simply not an option.

Anyways, when I arrived at the department store, they were having a 50% off sale on a number of suits — including the one I had just purchased. Now, had there been no sale going on, I
would’ve gotten the better deal. But with the sale, I was missing out on a ton of savings. I immediately called the store where I’d made my purchase and explained that I was interested in a refund, because I had found the suit I had just bought at a much lower price. A moment later, the renowned owner of the store was on the phone with me, apologizing adamantly and offering to further slash the price I had paid, in order to beat the competition handily.

He told me to come back to his store in the next couple of days, and he would gladly refund the difference. In the end, I got a 70% savings on the initial price. Not too bad if you ask me.

If you make a purchase, don’t think that if you’re stuck with the price that you paid. If you find the same product available for less somewhere else, relatively close to the time you bought it,
call the store back and see what they can do. Oftentimes, if it is an independent retailer trying to compete against a chain, they will match or beat the price to ensure you come back as repeat customer.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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