@ericcrackschina: The 15-Cent Miracle - The Most Ruthless Supply Chain on Earth Attention Hardware Founders: While you are chasing 50% margins, a small city in China is dominating the globe on less than 1 cent of profit per product. It’s not cheap labor; it’s the ruthless execution of "Extreme Micro-Optimization." If you need help with sourcing from China, send me a DM. Let's talk cost control. 💡 #FounderTips #TechCEO#EricOnChina #EricSourcing #GlobalTrade #SourcingExpert #SourcingAgent #ChinaSourcing #SourcingChina #SourcingTips #SupplyChain #BuyerInsights

rick .🇦🇺 :

that 15 cent lighter to make sells for $3.00 at my local shop in 🇦🇺

duyle48061 :

Bro making a simple device become an Oscar Scientific Movie

user73968323645 :

bic lighters are the best

Michael Joseph Anich :

please build harvesters for palm oil tree to biofuel and change the world

CarTalk :

I really enjoyed learning about this - thank you

BIG-AFRICA :

well presented Mr Eric 👌

RyGuySA :

That was brilliantly explained!

grumpy :

Thats fine for a small throwaway item,but it can go too far.I have bought electric tools, a jigsaw for instance,for $15 it worked fine for a short while,it had all the components of a more expensive tool,but it failed because of an inferior bearing which would have cost a dollar more and would have increased the life of the tool multiple times.All the costs would have been the same except for the cost of that bearing.that drill could have cost $2 more and still be an economical and a superior product.Noww you get 4 times the waste produced and resources wasted

thereisjustnow1 :

Thats impressive how much human effort is behind a "simple" lighter.

Billy Gee :

This is one of the best videos I have watched today.

MAK🌙🌠 :

ts some niche knowledge

le croissant :

one of the best videos i have seen for a long time

Ayya :

Better than a Tedtalk 👏

FulMonti :

The 15 cent cost is 1€ sell in Spain

rencrawx :

bro spoke so well i feel like he could talk about a rock and convince me to buy it.

mrstanleypatrick :

this is absolute bonkers🥶

Thronmenders :

bro make the video downloaderble I like to share your video with my engineering student group.nice video about cost cutting👌

🌴 :

Ibrahim :

Great video 👏🏾 Thanks Eric

KONGG :

really grateful I scrolled and came back

Ale :

And of course it will stop working with half fluid still inside. Now how much would it cost if done right.

KonzaKenya :

damn.. nice lecture

Carnelian Properties :

Best use of my time

Sisyph-Chan :

you still didn't explain how they generate profit if they pay personnel, machines, material, taxes and logistics.. the math don't math even if you ship cargos of products priced in cents at ones with less materials

UncleGoose000 :

Give me a BIC any day over that