Gotchas of Going Cheap

Gotchas of Going Cheap

Great Lakes Marketing Team
Monday Mar 5th, 2018

GLCC Cheap2

Cost. No matter where you sit in the organization as a stakeholder, this is almost always one of the most significant factors in IT buying and decision-making. But should price really be the ultimate deciding factor when it comes to something so important? Won’t it catch up to you in the long run? By way of example, let’s think about buying a car – you can buy a clunker for a few thousand dollars or spend more on a reliable new or slightly used car. Sure, up front you’re spending less on the clunker, but repairs and maintenance alone eventually won’t be worth it. Both your wallet and your patience will be drained. Here’s why spending money up front saves you in the long run.

Maintenance Costs
You may think you’re saving money by purchasing cheaper equipment, but the maintenance could actually cost you more over time than investing in a more expensive, better quality option. You may have to upgrade in a few years anyway, which costs more than a better quality, longer lasting solution that can scale with your organization’s needs over time.

There may be other perks to paying more for better quality. A Great Lakes cabinet may not be the cheapest option out there if you’re thinking in terms of a number on an invoice. But here’s the thing: you’re getting more overall. 

Custom Orders
Most companies offer a one-size-fits-all solution. It may cost less initially because it can be mass produced instead of custom created. And the cheaper solution may work for a while. But you’re not getting exactly what you want, or need. Over time, the compromises you made to get a better price will come back to haunt you. When you pay more up front for a more tailored solution, you can save in the long run because your needs are met exactly the first time. There’s a time and effort savings realized with a more effective, efficient product that lasts, and works the way it should right from the start. It may be hard to put a dollar value on this but if you’ve had a bad experience with trying to customize in the past then you’ll understand.

Security Breaches
When the security of critical technology depends on the cabinet housing that technology, that’s another reason to make the up-front investment at the physical security layer. The cost of a data breach can be crippling, even for smaller businesses.  A study sponsored by IBM and conducted by Ponemon Institute LLC found that the average total cost of a data breach was $7.35 million. When this kind of cost is at stake, the product that best mitigates against this risk pays for itself via the cost savings of a breach resolution. In other words, paying to clean up an oil spill at sea is a lot more expensive than sending your oil across the Atlantic in a nicer ship.

Legacy Costs and Scalability
Our competitors typically do not have compatible accessories for different versions of their enclosures, necessitating more frequent upgrades, or forcing customers to stick with older products that have sustained more wear and tear. The Great Lakes enclosure platform maintains similar accessory features, even across generations of the products, allowing continued use of older enclosures, saving money and making upgrades and repairs easier.

Upfront cost isn’t the only factor to consider. Do what’s best for your company – invest in a reliable, customized solution that will protect your property and your finances. Skip the clunker. Go with a winner.