In life, we all know that you get what you pay for. But when it comes to business, you want to be cheaper than cheap? Is this possible?

The answer is “of course”, but at what cost?

First of all, we need to have a few definitions,

1. Doing business is not charity
2. Doing business is to make money, and only profitable business can last long
3. Everything has a cost
4. Cheap price means low cost
5. Labor, materials, production time… are all costs

So, what do you need to do to get cheaper goods? The answer is to reduce costs. The reduction can be labor costs, material costs, and shortening production time.

The labor cost of a city is basically fixed. If the company employs people according to legal requirements, then the labor cost should not differ too much.

For materials, in the same country, the price of materials of the same quality will not differ too much.

The production time will mainly vary due to different equipment and processes. When the industry develops to a certain extent, the equipment used for the same design may be different, and the production time will vary due to different equipment. Assuming that we use advanced equipment, the production time should be similar. In contrast, the production time of backward production equipment should be longer. Therefore, for the same product, the shorter the production time, the lower the cost.
To summarize briefly, what do we need to do now to get cheaper products? Use advanced equipment to shorten production time.
With the same process and the same equipment, what should we do if we still want to get cheaper products? Are there any places that customers can’t easily find? Materials! That’s right, using cheaper materials can significantly reduce costs. The prices of homogeneous materials should not be much different. Then use lower standard materials!
After using lower standard materials, do you still need a lower price? Then shorten the production time! How to do it? Reduce the process and reduce product details.
After that, the cost of the product will come down, and then we get a lower-quality product with worse materials and rougher production. Yes, when you only pursue cheapness, you can only get low quality.
What we do is to strike a balance between quality and cost. While ensuring the high quality of our products, we also reduce production costs. We have always used high-quality materials to ensure that the product is right from the beginning. Then we use the advanced equipment on the market to ensure fast production and stable quality. So how do we reduce costs? Optimize the production process! While ensuring quality, optimize the processing technology, not reduce, but adjust the process sequence, in the same time, under the premise of ensuring the same quality, produce more products. Yiqiang EVA foam products have been committed to providing the market with high-quality EVA foam products. Ensure that customers can get better quality products at the same price.