Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

Are “Dry-cleaners” a rip off?? A Proposed Solution

Nairametrics by Nairametrics
May 26, 2013
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

What to do when you suddenly hit a jackpot

Business start-ups: Problems and solutions

I got a message recently from my “Dry-Cleaners” (I wonder why they all call themselves that when indeed they are Washamen)  informing me of an increase in their prices “due to economic conditions”. They effectively increased their prices from N15,000 to N18,900 for 60 pieces of clothes a month. In order words a piece of clothing now cost me N315 from N250, a whopping 26% increase. Its no wonder a lot of people venture into the business. I hear the trend is that they charge between N250-N500 for smaller “Dry-Cleaners” and between N1000 and N2000 for Bigger ones. Specialized washing attracts a different fee template.

To make matters worse, these guys don’t actually differentiate clothing (well apart from Suits and wedding dresses) the fee is flat. If you inadvertently include a piece of boxer shorts you bought for N500 into the mix then you pay N315 or more for it. Same for bedsheets, T Shirts, Singlets, Jeans etc. It is pretty easy for most business to hide under the cloak of power and fuel price increases as a justification for incessant price increases. As plausible as their arguments may seem, I do believe it is misguided. Washing a piece of clothing for N315 or as much as N1k smacks of ripping off in my opinion. They simply ride on the imbalance in demand and supply to charge high rates rather than figure out means of cutting back cost and efficiency.

So how do I mitigate this latest price increase? Simple! Any piece of clothing I have that cost me below N500 simply gets washed by myself. This is because it makes more sense to replace the clothing than wash them.  For more luxurious dry cleaning out fits who charge above N1000 per clothing, same principle applies. That’s my solution to the rip off that I am getting.

This Article was originally written in February 2012 but has been modified.

Related

Tags: Family FinancePersonal Finance

Comments 2

  1. Tobi says:
    March 21, 2012 at 2:04 am

    Wow! I never thought of it from this angle. Very valid point, means if I use 1k to dryclean a TM shirt,I'm better of buying a new one after about 7 times of drycleaning…Your blog has amazing info,big ups!

    Reply
  2. Ugodre says:
    March 21, 2012 at 12:01 pm

    Thanks bro!!!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Seplat and Mobil deal: It’s time to consider moving on
    • 24 Hours Power Supply: Ikeja Electric Sign Tripartite Agreement with Enaro Energy and Ayobo Community
    • Seplat debunks involvement in impropriety as Buhari reportedly makes u-turn on consent to acquire Mobil Nigeria

    Follow us on social media:

    Recent News

    Developing nations must be allowed to create a just energy transition – Roger Brown, Seplat CEO

    Seplat and Mobil deal: It’s time to consider moving on

    August 11, 2022
    24 Hours Power Supply: Ikeja Electric Sign Tripartite Agreement with Enaro Energy and Ayobo Community

    24 Hours Power Supply: Ikeja Electric Sign Tripartite Agreement with Enaro Energy and Ayobo Community

    August 10, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com