Here's a fun game to play. Next time you go to any store or products you already have, see where it's made. Good chance it will say Made in the good ol' China. 
I've been down this road too.
You asked, "Have you tried to price out what it would cost to make that product yourself?"
Now that I answered and you don't like the answer you change the criteria of your question to "bring a product to market".
If you can't be honest in your tactics don't bother.
The fact is the materials are not that much money and if I'm making the product MYSELF I do not charge myself labor and I am not necessarily putting the product on market.
Yes I know as a business there are overhead costs and in the US a great cost is the price of a machinist's labor. Also the production machines are much more expensive than my 3' lathe from the '60s and you're not going into production without CNC.
But you're also not going into machine shop production with ONLY ecigs as your base. In fact most of these production mods are not made in house (or at least they weren't back when I was paying attention). They come up with the specs and farm them out to a machine shop.
Ok MR 20 dollars worth of materials show us a mod you made from scratch that someone will pay 100$ Price dose not really fall in to ethics what people are willing to pay sets the price. I can ask 1000$ fore something but if there is no demand I wont get it.
Perhaps you misunderstood what I wrote, when I said product, I mean a product intended for market. Anyone can spend any amount of free time on a personal project and claim just the materials as the cost, but that's not representative of anything producers do.
And this is exactly what I mean by machine operator types having no idea of the bigger picture. They think a "product" is the one piece in front of them.
That's the point, people aren't putting huge investments into short-run mods so that they can leverage the economies of scale of other products (or other countries, i.e. China). That increases costs and prices.
I can only answer what you ask not what you meant to ask.
There is nothing in your wiki definition to state mass production. You should try a dictionary, Product | Define Product at Dictionary.com
How much would it cost me to clone something like an IGO-L? Probably about the price of a FT clone and mine would be the same quality of materials as the original. That does not mean I could or would sell it for cost.
Your ignorance is forgiven but I am a business, I am a manufacturer, I am wholesale. My products ARE the piece in front of me, they are not only intended for market they are for market or I wouldn't be working on them.
Seems its you who has no idea of a bigger picture outside the one that you're looking at and think all those tool users are beneath you. There was a time those machine operators were the business owners you know.
Ok MR 20 dollars worth of materials show us a mod you made from scratch that someone will pay 100$ Price dose not really fall in to ethics what people are willing to pay sets the price. I can ask 1000$ fore something but if there is no demand I wont get it.
I would like to know what 20$ clone is made with better materials craftsmanship and even improved the original?
Take your clone to a Machine shop have it modified your going to 50$ an hour 1 hr minimum have it anodized or powder coated there is another 50$ do they have any amount of materials involved?
Skilled labor and shop time is not cheep.
But how are the chinese able to make these clones almost exactly like the real one part for part (there are tons of clones that can use parts from whatever its cloning) and manage to make a profit selling these thing for extremely cheap prices? And the sad part is some (very few) match if not even out perform the real thing. My question is are the materials and machine costs really that high to justify these high prices i am seeing? Or is it being exaggerated?
Obviously if someone is going to criticize the cost of a product, it has to be compared to a marketed product.
Well what would you sell it for? Here you are criticizing based on raw costs and now you say you wouldn't sell it for cost?
Your statements belie this.
Again, not going to go down this road, it's not productive and only leads to hurt feelings. I've made my viewpoint known, as you have yours. The bottom line, though, is money talks and bull.... walks. If you can beat this pricing doing the work yourself, do it, and let us know so we can buy. If you can't or won't ... case in point.
I wasn't criticizing the cost. You asked how much it would cost ME to make it MYSELF.
Materials and labor costs in China are dirt cheap. Check it out: China Average Salary Income - Job Comparison
Remember it is a Communist country so people don't actually have to make money. It is also not a true capitalist economy, companies receive huge government support in certain industries that are actually capable of distorting world markets.
You want something made in the industrial west, you are going to pay more for it than something from a place where people make $4 a day. A lot more.
But how are the chinese able to make these clones almost exactly like the real one part for part (there are tons of clones that can use parts from whatever its cloning) and manage to make a profit selling these thing for extremely cheap prices? And the sad part is some (very few) match if not even out perform the real thing. My question is are the materials and machine costs really that high to justify these high prices i am seeing? Or is it being exaggerated?
I have nothing against mods that cost $150 and above, hell i'm itching to blow a paycheck one two i have been watching. I just cant see how a brass/ss/aluminum tube with threads and a button can cost hundreds of dollars. Its getting even harder to drop big bucks because there are a few clones out there that give you great quality and performance for 60 bucks and under (for example the ehpro ea clone). So why buy a $200 metal tube with buttery threads, 0.17 voltage drop and a nice button when i can get another metal tube for $15-$60 that offer me just about the same?
They are not exact they just look exactly like the real ones. They are made from low grade materials we all know the Chinese labor sweatshop practices which is its own ethics thread. But yes thats the whole point of the debate. It comes down to your conscience or your wallet.
When you compare most clones with the original side buy side there is no disputing which is made better. Whether you chose to buy an original or someone who copies and sells a lesser quality is up to each individual.
My reason for not buying Clones, copies, and fakes
1 I appreciate the time and effort the original manufacturer put in to the device.
2 IMO its just sleazy to make a buck off of someone elses design and name.
3 I get a since of gratification from owning quality made products
4 I try not to buy products period that are made in places that use labor practices I dont agree with
Again I asked how much it would take to make the PRODUCT. There's a huge difference between making a personal project and producing a marketable product, yourself or otherwise. I highly doubt you would consider your time valueless if you were making product for sale. In fact you just said as much yourself.
If you asked how much it cost to make wine am I really supposed to add up all my time tending the trees, pressing the fruit, making the wine, bottling the wine and storing the wine?
Absolutely! I don't see how anyone who has any idea of product manufacturing can say otherwise. If you don't think these are costs ... we have nothing more to discuss.