…this is not a decision we only make on Fridays. We choose every day whether or not to be frugal. Consciously or subconsciously. Personally and professionally. And, in almost every area of life.
Daily, we make the decision not to be frugal with our time or how to use our time wisely. On a daily basis, we make numerous decisions whether or not to be frugal with our money.
Have you been following my October #FrugalshipFriday posts? If not, you can START HERE. If so, here are my conclusions to my decisions as a consumer and how my experiences at CVS have effected me as an entrepreneur:
CONSUMER “PRO” LIST
- I tried products I may not have tried, if it weren’t for the sales – and some are still favorites.
- On the bright-side, it has made my organizing and planning much easier… a lot less paper to hold on to and expiration dates to keep up with.
- It was great while it lasted.
CONSUMER “CON” LIST
- The trust I put in the store, to save my family money, was affected by inconsistent changes to policies and within like stores (even before they changed the expired policy all together).
- Selfishly, it isn’t as easily-available for me [the consumer] to save money like I had been when I had more combinations and choices for saving during sales.
- It was great while it lasted.
BUSINESS “PRO” LIST
- By making certain products more affordable (by matching sales and coupons), CVS helped encourage consumers to by products, which benefited the vendors which which they work.
- The time I spent couponing at CVS allowed me to be familiar with their store, their apps, employees and ExtraCare reward system. So, I am still comfortable and accustomed to using their app and ExtraBucks.
- I think CVS made smart decisions by embedding the lure for couponers into their marketing. 2 for 1 — great business strategy.
BUSINESS “CON” LIST
- As I understand, when CVS was taking expired coupons, manufacturers were not accepting them? (That’s how a manager explained it to me.) CVS was having to cover the expense for the customer’s savings.
- With extended use of expired coupons, the use of in-store sales and in-store printed coupons, CVS got the attention of customers working to save money. The con? Now that they have changed their policies, I’m thinking it would be smart to attract consistent customers or work to find a new audience! Either way, I’m interested to see if changing the policy was the best business decision…
THINKABLE, POSTABLE & TWEETABLE
As business owner or contractor, is the compromise of time worth in exchange for anticipating frugalship? http://bit.ly/2dk00Fz
For your business, is financial #frugalship worth the sacrifice of time? @Frugalship @SocialMarketLLC http://bit.ly/2dk00Fz
What steps are you taking to insure the decision of #frugalship reflects your values? http://bit.ly/2dk00Fz
Do you value your time and don’t have time to invest in your social media content? #SocialMarket http://bit.ly/2e7BUmf
(Posts about my experiences at CVS are only meant to be a personal “case study” of frugalship of a beginner business strategist. My observations and opinions are expressed personally, not to support or negatively reflect on a product and/or business. For the record, I do still shop at CVS, just not as often or with as many coupons. Also, yes… my spell check told me that “couponing” and “couponers” are not words… it was my prerogative to use them anyway.)
The Social Market LLC 