THE HIGH COST OF BUYING CHEAP SERVICES

This piece is a reflection of my personal experiences and opinions.

Feel free to embrace or ignore its content as you see fit.

If you buy cheap services, it will cost you much more in the long run. Guaranteed.

"But I can't afford the expensive stuff!" I hear you say. Fair point, dear reader, but let's take a step back. What if the #1 rule is not about affording the best but doing the best for your business?

Here's a simple piece of wisdom to keep in mind: opting for cheaper services can end up costing more in the long run. It's like outsmarting a money-eating monster, only to have it show up later, demanding double the money you thought you had saved.

"But what if I can't stretch my budget for the expensive options?" you may ask. Well, the answer might surprise you. Maybe the most crucial rule isn't about affording the most expensive, but about choosing the option that's best for your business.

Here's something else to ponder: a high price tag doesn't always guarantee top-notch quality. My strategy has always been "find the best, but keep it affordable". It's like scouring for a diamond in a sea of glass - discovering the perfect Oled TV at a price that doesn't break the bank.

So if you want to find a good teacher, a good developer DO NOT hire the cheapest. They will be more expensive at the long run.

The reason is simple.

Here's the secret: every product or service hinges on three factors - speed, price, and quality. But there's a catch - you can't have all three perfectly balanced. A deal that's cheap and quick might compromise on quality. On the other hand, something cheap and of high quality might take ages to deliver.

That 'cheap' label often comes with a hidden warning sign: "something's missing here!" It could be a lack of speed or quality, but there's always a catch somewhere.

To give you a real life example picture this: you're building an app. Two developers make you an offer. One, an experienced pro, quotes $8000/month and promises a finished product in two months. The other, a beginner, quotes a tempting $2000/month but needs six months to deliver.

Although you think the expensive one is ... expensive, the truth is the veteran guy knows the ins and outs, the shortcuts, and pitfalls to avoid, and the other guy is still figuring things out. Essentially, you're paying for experience and expertise, while with the beginner, you're funding their learning process.

Of course, an $8000/month price tag doesn't always guarantee a star performance. Like every good story, there are exceptions. Price isn't the only factor in the equation for quality.

As our story concludes, remember this: the right way isn't always the cheapest way. Quality might come at a cost, but it's a cost that could save you in the long run.