Is shopping in bulk all it's cracked up to be? How does it work? Today, we dig into the world of bulk buying!
Transcript:
In every successful society, culture, ecosystem, what have you, knowledge is passed down from the elders to the young in order to ensure a prosperous future for all those involved. Whether it be the tips and tricks of hunting, what berries to eat and which to avoid, or to always do your grocery shopping in bulk at Costco, our forefathers pass on their knowledge to help us thrive.
But on that last note, why IS it a better idea to shop in bulk. Does it actually save you money, and if so, are they just cutting you a deal out of the kindness in their hearts? Today, let’s dig into it and see if bulk shopping is all it’s cracked up to be.
Wholesaling is definitely not a new practice, the entire basis of most retail stores is entirely founded upon this setup. Goods are sold in large quantities to retailers, who in turn agree to buy lots of the product in exchange for a lower price. In turn, this works the same way in your warehouse stores like Costco, Sam’s Club, etc. Where the customer then takes the role of the purchaser, purchasing large quantities of something so that the store is offloading more at once in exchange for a smaller markup, a sort of win-win scenario. When you buy in bulk, you’re pretty much always going to be saving per unit. Meaning that a single jar of peanut butter might cost $3, but you could buy TWO jars of peanut butter at the same time for $2.75 each.
The pros and cons of bulk buying are remarkably transparent, but not always something one thinks about. Like, yes you MAY be saving more per ounce when buying a two gallon jug of shampoo, but you’re also spending significantly more upfront. Additionally, bulk buying is usually based on the assumption that you even have somewhere to store all of your bulk goods. Many chronic bulk-buyers will have shelvers or even rooms filled to the brim with canned goods, non-perishables, cleaning products, and more. A pseudo convenience store inside their own home, essentially.
Warehouse stores also often have membership fees, so there’s a bit of an uphill climb to even out on your investment to savings ratio before bulk-buying becomes entirely worth it. Even if you avoid the warehouse stores entirely though, regular supermarkets have bulk options that can be anywhere from great deals to markups in disguise. Things like canned vegetables, eggs, cereal, soda, and more can actually cost more per unit when buying in larger quantities or in bigger containers than their smaller counterparts. Perhaps just some genuine oddity in the unit pricing scheme, or a plot to profit more off of those who assume buying more is the better deal.
Ultimately, buying in bulk can be great, if you’ve got the upfront cost, the place to store it, and an active membership then there can be lots of benefits! However, don’t be afraid to look past the price tag and calculate out a price-per-unit comparison on the things you buy, the results might surprise you!
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