How cheap are goods from China?

Canadian in Chinahow cheap are goods from china?

Jewelry in Guangzhou Brought to Life

June 22, 2016. Posted by David Howse.

Guangzhou Jewelry Wholesale Necklaces with Earrings

June 22, 2016. Posted by David Howse

Guangzhou Wholesale Market Jewelry Prices

April 29, 2011. Posted by David Howse

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Go to the Hudson Bay or some other mid-scale retailer and look for the above product. What you will find is something very similar for about $50. Now if your cost is $9.00 and your landed cost is $14.00 then there is $36.00 of negotiating room with a retailer. Or, better yet, if you are the retailer, you can make $36.00 off a $14.00 purchase.

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I blurred the name of the company in the above picture. The representative stated that they were the supplier for Shoppers Drugmart here in Canada. I sat with them and reviewed their pricing. And, much like the tea cups, a 10 pack of plastic dental pics (you know the ones shaped like a Y that either floss goes across or another thin piece of plastic) sell at $0.18US with an end price much much higher.

Any well organized business not sourcing its own products is at a massive disadvantage.