I was talking to a person who literally had over 1000 different domain names under his portfolio. Basically, he registered all these names back in the day when domain names were selling for a whole lot of money. Since then most of them are now just regular domain names where no one is likely to pay say six figures for it. However, he continues to renew all of them just incase something does come up.

In many ways it kind of reminds me of various types of insurance where you continually renew it as it is one of those just incase scenarios even if it is something that is rarely likely to happen. Makes you wonder where you draw the line though. Like in this case I think you are more likely to make more money simply by not renewing everything all the time since the chances of selling it at a high price is so low.

Today I heard a person saying how he could get tickets to an event where for $250 dollars you could drink as much alcohol as you want. This made a lot of people enthusiastic where they started to say how they would get “hammered” for sure and all where it was such a good deal financially. I was just thinking, how much can one honestly drink before they pass out in one day?

I guess if that is your kind of thing of having fun then that is different story. But is it really that exciting value wise? Example, if you paid $200 for an all you can eat lobster buffet how much could you really eat in a sitting? Financially speaking, to me it’s like you are just spending more per item unless you truly can consume so much within a certain time-frame.

I think in most cases like these the value is more about what you think you are getting as oppose to actual numbers I’d say. Another way I like to think about it too is that businesses are in it to make money. So that should usually make you think about the value on services like these if you think they are a true bargain. Like in many of these cases, even they know or have strategies to make sure that most people won’t ever consume the dollar amount worth of products compared to what you paid for.

I was in the supermarket today and made a trip to the cereal aisle. This is normally one of the worst sections price wise I’d say as the products seem like they are extremely marked up. But one thing today that caught my attention was how the company placed two identical cereal products near each other with the difference being one is larger than the other. The price value difference was so peculiarly obvious when it came to this specifically as you can see from these photos:

Basically, you have one box of Froot Loops that is 580g for $5.97 and another consisting of 925g for $6.77. I’m sure everyone can see which one is the better deal. This really makes me wonder where if this is a specific tactic to get you to buy the bigger one where the small one is marked up to make it look like a better deal. Or, it could be simply that they are trying to get rid of the stock of the larger one.

Funny thing is it looked like people were still buying the smaller one even though the value of the bigger one is pretty substantial in this situation. Usually dramatic price differences like this would encourage me to buy the bigger package if I was originally shopping for that specific item with a smaller quantity in mind. If the larger one was say $8 instead then I would be inclined to just go with the smaller one even if the value is not as good.

My way of thinking is if I am buying something bigger than I intended, usually about a 20% to 30% of a price difference is okay if value wise it looks like I am getting almost 50% more compared to the smaller item. The same goes for buying things that simply consist of more power or functions. That way it makes me really picky too in wanting the best value too.