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Does It Pay to Nickel-and-Dime Your Vendors?

June 8th, 2009 by Bob Bly

Which makes more sense when dealing with vendors?

A–Pay them top dollar to get top work from them. Vendors will go the extra yard when they are well compensated.

B–Nickel and dime vendors to get them to lower their price. The less you pay your vendors, the better it is for you.

To watch a free video of how clients haggle with vendors, click here now:

www.youtube.com/watch?v=ThMu3MFCC60

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This entry was posted on Monday, June 8th, 2009 at 6:36 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

765 responses about “Does It Pay to Nickel-and-Dime Your Vendors?”

  1. dianacacy said:

    No haggling over price. Vendors set their prices at a certain point for a reason. If they were to bargain them down, then they’d risk not being able to stay in business. They have bills too.

    And you’ll benefit more from the secure, well-compensated vendor than the over-scheduled rush job vendor.

  2. Kelja said:

    Everyone has some cushion in their price and can afford to trade off some of that price for a better, long-term customer, a potential bigger back-end or just to get the sale in the first place.

    Like Mom used to say, “If you don’t ask, you don’t get.”

  3. Ted Grigg said:

    We always negotiate prices whether for commodities like printing or lettershop as well as for creative work or online services.

    For professional services, we do not negotiate for no reason. We often have a budget assigned knowing what the service should cost. So there is no harm in sharing these facts with any professional supplier.

  4. Pat McNees said:

    I notice “Six Sigma” on your blog links and wonder if you can explain why, on my Authors Guild blog (on my Writers and Editors website) I get constant “spam” responses from Six Sigma. Do they have nothing better to do? I must get 20 of them a week, at the very least, just linking to them.
    — Pat McNees

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