The Lowest Bidder

This is what I sometimes quote to my customers, and what I keep telling my sales staff. A friend of mine had this actually printed on the back of his business card:

THE LOWEST BIDDER

It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money – that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the job it was bought to do. The common law of business balance prohibits paying a little and getting a lot – it can’t be done. If you deal with 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.

JOHN RUSKIN, Author-Economist (Feb. 8, 1819 – Jan. 20, 1900)

Advertisements

About Stranded Mariner

Marine Engineer and passionate sailor and cruiser, working in the marine business in China.
This entry was posted in Business, Quotes. Bookmark the permalink.

One Response to The Lowest Bidder

  1. wpd says:

    if you can raise your head, it would be fun to converse. i got started on this looking for a particular quote about newport news that i still have not found.

    now that i think about it, i once worked in a small boatyard–during a college summer. that convinced me not to own a boat, but to be a guest others. such as this summer, when we did the baltic.”

    you will find much about china on the website and this week’s letter will touch on the red sandalwood museum in beijing.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s