It’s not fair – I’m hooked on brand name items, costing me a fortune

I’ve always been of the opinion that Irish people are hooked on buying brand name items and therefore exposing themselves to higher purchase costs rather than buying own label or white label (yellow pack) items when out shopping.

We end up paying more – but we’re getting what we want. It’s a choice we’re making.

This part of an article from LifeHack addresses that issue:

Brand loyalty is one of the major factors influencing people’s buying decisions. Part of this is “following the leader” – if I know the brand, it must be because people are talking about it, thus it must be good.” Part of it is packaging design. And part of it is comfort in previous knowledge – the brand you know and kind of like is a better bet than the one off-brand you don’t know and might love or hate.

What to do about it:

Commit yourself to trying something new every so often – maybe every month, replace a favorite brand with a brand you don’t know and see how you like it. You pay a huge premium for branding, often at the expense of quality, so it’s worth it to shed a brand here and there. For durable purchases (as opposed to consumables like food), develop a systematic way of comparing your brand against the competitors – Apple (or Microsoft), Ford (or Chevy), Nike (or Adidas) might not always be the best way for you to go, even if you’ve had good experiences with them in the past.

 

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