Generally the payback in savings is not "instant" for business cases, and they have a time period of 5 years at the most. Instant savings are for the individual retail shopper. It is more about how to motivate and create urgency to purchase to get an immediate discount. Costco and Sam's Club uses this method frequently, and Costco uses the opposite strategy of never pay retail. That's a long-term consumer strategy of waiting for optimal timing and outlet stores. People buy a lot of stuff at Costco. And not just because of Costco. Look at how much stuff is in the average home:
The average American home contains over 300,000 items, with people purchasing roughly 5-15 nonessential items monthly. And I can assume this applies to Canadians.
Here is what we have:
Household Clutter: One-quarter of Americans with two-car garages do not use them for cars due to excess items.
Unused Goods: The average Canadian has roughly $571 in unused, sellable goods sitting in their home.
Toys: British research indicates the average 10-year-old owns 238 toys, but plays with only 12 daily. (And North Americans at only 4% of the population own almost 50% of toys and books worldwide).
Shopping Frequency: Many people average around 5 to 15 new nonessential items a month, which increases during holidays.
Storage Trends: 1 in 10 Americans rents offsite storage to house their excess items.
Clothing Habits: The average woman owns 30 outfits, one for every day of the month, and between 17 and 27 pairs of shoes, but wear 3 to 4 pairs on a regular basis.
Isn't that a lot of stuff! How much time does the average person spend looking for misplaced items? Over a lifetime 153 days is spent hunting for them. Can you imagine how many days Imelda Marcos might have spent looking for a favourite pair of shoes amongst her 3,000 pairs. Those shoes are in a museum now. It demonstrates excess.
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