Strive to learn economical buying. No one has enough money to say that cost is of no account. Get the very best for your money. Don’t buy blindly without inquiring the price, and always remember that a penny or a dime in your pocket is just as much at home as in that of the merchant.
Do not ride when you can walk. You need exercise and walking is the best and cheapest method, much cheaper and better than the bowling alley.
Don’t buy two pounds of meat when one pound will do; nor a bushel when a peck is sufficient.
The first fruits and vegetables of the season are expensive; wait a few days and they will be cheaper and more mature.
Quick Sales and Small Profits
Our modern system of transacting business has so materially changed from what it was a decade or so ago, that a special training is required to make a success.
Theoretically, the difference between the cost price and the selling price represents profit. But it often represents loss.
If goods could be delivered at your place of business at the invoice or purchase price, the selling price might cover some profit. But complications begin as soon as you have made a purchase.
There is transportation, insurance, demurrage, haulage, rent, light, heat, clerk hire, taxes, and perhaps license fees, to be added to the burden of the cost price.
With such, and so many additional charges, how can there be any profit, if the goods are sold customers at a fair price that will attract them?