Life Cost

Ever wonder if spending a little bit more on a new car rather than save the initially capital outlay by buying a cheaper new will eventually benefit you in the long term.

Here we are talking about life costing an item. Life cost simply means the total cost of an asset throughout its usable life span. Many factors are involved ranging from the interest rate on the loan taken to maintenance cost (spare parts, labour, special repairs, etc).

It is hardwork to calculate the life cost of any product but if one take sufficient effort in doing so, money save will be evident in the years to come.

Major on learning and gather tips from other so that we can estimate the optimum life cost choose preferably the lower life cost items.

Minor on impulsive decision making which will end up us to pay a higher price due to a bigger life cost.

How to reject a salesperson?

How to reject a salesperson?

1. I will let you know when I am interested.
2. I have no money.
3. Too expensive.
4. I am happy with my current supplier.
5. I am too busy to hear you out. Please refer to item 1 above.

The common reason we use to reject a salesperson above is actually not reflective of why we actually reject the person in the first place. Psychologist may say that we actually buy from a salesperson when we "trust" him/her. This means that we will accept the person only if we sense that there is honesty and integrity in the communication. But if you have already made up your mind on buying on a certain product then it does not matter so much who you buy from as long as the product is defect free and genuine. The salesperson just got lucky when you approach him/her and enquire about the product.

If you are a salesman reading this, you will need to major on your integrity when selling a particualr product. Are you absolutely honest with your prospects? If you need to hide information from prospects, then why are you selling it in the first place.

Watch the guys!

Do you notice that actors in the Korean drama series are so cool! I cannot help but to say that we are in serious show biz fad here. Cool actors. They will simply make the girls swoon and the guys admiring the hairstyles etc.

Major issue here: Are these guys good role models for those watching. Overall, Korean dramas portrays the guys well, so no problem here.