Tip 74: Buy generic- why pay for advertising?
Good opportunities to buy generic includes food, cleaning products, and prescription drugs, too. Generic products are often made at the same factories that produce name-brand products and are similar or the same as name-brand products.
Why would a company produce generic products that sell for less than their name-brand products? There is a market for lower priced generic products, and companies can still make a profit selling them. From the company's perspective, they might as well make the money instead of letting someone else make it. Plus making more products keeps the factory utilized and reduces the overall cost of producing products due to economy of scale.
In many cases, generic products are very similar to the expensive name-brand alternatives. Give generic products a try and see if you can save some money.
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