THE BIT THEY DIDN'T PUT ON THE BOX.
Clicky switches. Quietly enormous margins.
Custom keyboard shops sell packs of 10 performance switches to consumer hobbyists for £8–£12. Sourcing the exact same manufacturer part numbers (like Outemu or Gateron) directly from commercial electronic component distributors (like Mouser or AliExpress industrial) drops the unit cost to under £0.15 per switch.
SO WHAT'S THE CATCH?
£1.50 is an inferred ten-unit equivalent from the supplied under-£0.15-per-switch figure.
THE INTERNET DETECTIVE'S CHECKLIST
Look for complete part numbers and revisions, make sure you're comparing the same quantity, and check the exact model/application. That's especially important with electrical, braking, steering, battery and other safety-related components.