Wednesday, October 22, 2008

It Is Worse to Pay to Little

We want more for less, but paying less can never get more. So don't expect a BIG return on a small or no investment.

Organizations seeking an auctioneer to perform for free or cheap service is looking for a very disappointing fundraiser. Think about it, a person who isn't paid or under compensated never puts their best into the work. If they are free, there is no obligation to perform their best and the organization should understand that when looking for a free service. I have witnessed non professionals take the podium for a live auction following long involvement in the libations. The party is the main event so why worry about raising money for the cause? Free service promotes opportunity to just have a good time. Raising money..that's way down the list at the party. The fact is, getting what you don't pay for...costs the organization more!

It is unwise to pay too much, but it is worse to pay too little. When you pay too much, you sometimes lose a little money that's all. When you pay too little, you sometimes lose everything because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying too little and getting a lot, it cannot be done! If you buy from the lowest bidder, it is well to add something for the risk you run and if you do that, you will have enough to pay for something better.

It is worse to pay too little or not pay at all.

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