Another key thing to note is what the price actually includes. If it seems too good to be true, it probably is. One factory’s low prices may not include the “whole package,” including things like packaging, suitable master cartons, etc. When an importer is solely focused on low prices, they may not get adequate English support, timely follow-up, proper compliance, etc. So, while the price is low and product condition is suitable, the overall product should be considered to be more than just the widget; it is everything the factory provides – and in this case, it is lacking.
Think about the overall deal you’re getting in terms of the level of service, efficiency, and everything that’s being provided. If you’re paying a low price but missing key elements, it’s not worth it. If you pay a little more for an all-inclusive package that makes more sense for your business, those are quality products. Don’t tie value directly to a product’s price. There’s much more to the story.
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Price vs. Quality: What You Need to Know
When you’re making products to sell in the marketplace, you have to consider the tradeoffs between price and quality. Sometimes, producing better quality products can lead to paying a higher price for manufacturing.
Download our free white paper, Price vs. Quality, to learn how to produce great quality while keeping your costs low.