How to Pricing Your Products in Mexico

A lot of people, they may say, I can get it made in Mexico for $1.12, but the same spatula I can have made in China for 72 cents just because China's got... Exactly. What about pricing? I mean, I've heard people that have actually looked into sourcing from Mexico and they say the price is just higher. But my argument to them is are you just looking at the cost of the item or are you looking at the total landed cost? Total cost includes time too.