17 – Avoid Financial Mistakes

Analyze Purchases to Avoid Financial Mistakes

That cheap bargain may seem like a good deal, but when you actually get it home and unpack it, or download it and take a look at it, you see all sorts of flaws that make you sorry you paid any amount for it.

You likely would have been better off purchasing a better quality product and one that would give you a better return on your investment. It’s the same in both offline and online marketing.

Purchasing products or services which seem like a deal you can’t refuse sometimes leads to disappointment and failure. A good rule of thumb is to only purchase products from those people you trust.

Most online entrepreneurs have a track record that you can easily check. Educate yourself about the seller before you commit to anything. Most of us feel good about purchases we make at first.

Think It Over Carefully

It’s a rush of adrenaline to spend money on something that you think is going to make you look or feel good or benefit your own business. But it’s also disappointing to find that what you thought was a great bargain is flawed in many ways.

Hopefully, you didn’t break the bank and you can recover. Now you’ve learned a big lesson in purchasing. Research before you buy and are sure you’re purchasing from a reputable source.

Shop Wisely

Ask yourself if you really need the bright, new, shiny object you’re attracted to. You might find a better deal if you shop around a bit more. Or, you could find something less expensive that will do the job just as well.

Don’t skimp on quality. You may have to pay a little more, but in the long run it will prove to be a bargain. Some smaller purchases may seem like a good deal – and you’re really not spending that much – but little things add up and you may find yourself spending more than you intended.