One stop solution for magnetic products
Many strong magnetic purchasing personnel in the market often find multiple magnetic manufacturers through various channels to inquire about prices. The result is that the prices of each magnet factory are different, and some price differences are still very large. So why are the prices of magnets of the same specifications and sizes so different? What is the reason for this? The following editor will help you to understand.
1. There are differences in magnet prices: Some of the magnet manufacturers you consult may be just middlemen. There are many trading companies in the magnetic material industry, and their prices are naturally much higher than those in factories. The solution is very simple. If it is convenient, you can go to the factory directly. In addition, you can also ask them to provide the factory address or ask for the factory production video. If the address is only an office building type address, it is generally a trader, because most factories are located in industrial areas or suburbs.
2. Product quality is high or low: There are many types of magnet production factories. There are factories that specialize in selling large quantities of goods at low prices. Their prices are lower than those of ordinary factories, but the product quality requirements of such factories are generally not strict, and the models are also fixed by standards, which cannot meet the customers' high-quality and high-standard customization needs.
3. After-sales service: Good factories will provide very high-quality after-sales service. If the product is damaged or unusable due to quality problems, most factories will reissue it to customers. Customers don’t have to worry about product after-sales problems at all, because factories don’t want to lose any customers.
4. Bulk pricing has advantages: Some factories price their products 1%-10% higher than ordinary factories. Many large factories are like this because they have many orders. If your order quantity is relatively small, they sometimes increase the price very high.
5. Professionalism at the technical level: For example, if you need motor magnets, then the factories that specialize in producing motor magnets are in their own professional fields, and their prices are definitely more advantageous than those of ordinary factories.
6. Lack of product information: Some customers don’t know the magnet parameters they need very well, which will cause many magnet quotation personnel to quote incorrectly.
7. Inventory and second-class products need to be confirmed: If the factory happens to have inventory in stock, the price will be more advantageous than customization; some factories will directly give you the price of second-class products, that is, defective products.
8. The last point, which is also the most common reason why the price difference between each factory is so large, is that the performance level must be consistent: if you need to purchase a magnet with N52 performance. If you have not used a real N52 performance magnet before, some small factories may directly quote you according to the N35 performance, so their price will be much lower than other factories. The magnet they deliver to you may be N35 grade. As far as I know, there are also many factories with false performance. If your demand is relatively large, we recommend that you first purchase samples and test them, and be sure to let the factory quote according to the sample performance, and provide the corresponding performance test result description before delivery.
Regarding the price of magnets, the current market environment is very chaotic. Be wary of quotations below the market average price. The factory's ex-factory prices are similar. Customers blindly pursue cheapness, and in the end, they will only get products that match the price, not the products they want, which is not worth the loss. Every factory cannot retain customers by simply competing on low prices and ignoring the actual needs of customers. It still needs to work hard on quality, service, etc.
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Beijing Saint Langma Magnetic Technology Co.,Ltd