August 16, 2018
Buying electronic gadgets used to be something one did at the mall or regular store. However, these days, more and more people are waking up to the fact that you can get electronics from the internet. While some consumers prefer to stick to websites like Amazon, perhaps in part because they are familiar with the website layout and operation, in many cases more adventurous consumers are starting to buy direct from suppliers in China. The question is whether or not this is a good move for consumers.
In the first place, it is fair to say that the days of the booming shopping mall are well and truly over. In the past, these places had a captive market and therefore they could get away with charging sky high prices, because buyers had no alternative suppliers. More recently, Amazon has become one of the biggest companies in the world by offering a one-stop online shop for consumers, who can buy not only books and DVDs, but electronic items, as well as many other kinds of products, all under one virtual “roof”.
While Amazon offers consumers much better value for money than any mall or bricks-and-mortar store, it should be noted that it is really only a “middleman”. In the case of electronics, a lot of the products on sale on the Amazon website come from China, which has become a manufacturing powerhouse in the last decade. The question is when is the penny going to drop for consumers that they can buy the same items direct from China at a lower price than that charged on Amazon and other, similar websites?
China is a developing nation; therefore, compared to western countries, manufacturing costs are much less. Labor is plentiful in China, and the wages paid to workers there are only a fraction of those paid in the western world. This is why western manufactures get all their products made in China rather than in their “home” countries – it boosts their profits tenfold or more! Of course, western consumers are not in a position to snag iPhones and other such Chinese-made products cheaply, because Apple and other companies have their products made in China but then ensure they are only sold through western outlets.
However, China is a country bursting with technical innovation. Chinese companies are becoming quicker and quicker at implementing new ideas in the electronics field. Sometimes, the modus operandi is to copy existing products, but increasingly Chinese manufacturers are coming up with original ideas of their own. This is good news for consumers in the west as they are getting the chance to grab fantastic new products at unbelievably low prices!