Equating cheap computer parts to cheap IEMs is a stretch. I move between the so called "top-tier" IEMs, the "near top-tier" sound and the "mid-fi" sound and even sometimes to the budget-fi sound all the time. I've heard over 50 IEMs now. Based on that experience, I find that the "near top-tier" category hits the sweet spot in terms of value for money and Sound quality.
Well! From a purely subjective point of you, that "blown away" part does not happen until you cross the $100 mark. I am not saying that you need to get educated, slowly move up the chain until you get to the top like I did. I did it because, I have a similar line of thinking as Joker (borrowed from his 188 IEM comparison thread - Unique Melody Miracle review)
It can be argued that I would have been better off going straight for a top-tier custom instead of spending time – and money – exploring the 200-something universal monitors I’ve had my hands on over the years. However, I feel that moving up the hierarchy as slowly as I’ve done has allowed me to appreciate the Miracle that much more - there is simply no substitute for experience when it comes to putting things in perspective.
On the flip side, there are plenty who moved from a couple of universals directly to customs and that's a very sane thing as far as your wallet and storage space are concerned.
Why do we want you to start a little lower? Because sound, unlike speed of the PC and mobile phones, is very subjective. There are no measurements. To tell you the truth, there
are measurements, but they hardly need to equate to what you are enjoying. Emotion is not the same as deriving use out of a mechanical / electronic device.
When you move to the top-tier, all IEMs are almost equal. The difference is that some of them do certain things better than others. Considering that we don't have a
Mingo to audition stuff, we need to go by word of mouth and all those reviews. Unless you find your taste, know exactly what you want, you would be doing the same "dumping" even in the top-tier department.
You do realize that you are better off than me in this department? I have no way to audition stuff, so I end up buying everything that interests me. But, you are in Mumbai and can audition stuff at PristineNote, meet up with Faheem & Brendon and get to know many different signatures better. When you start lower, in the 3-5K range (I am not suggesting anything lower), you would have a fair idea of what you want. In audio, as in most other parts of life, it's about knowing what you want to the "T" that gets things done with minimum of hassles and lesser money and energy spent. If you jump straight into top-tier and you don't like what you hear after 3 months, what are you going to do? PC and mobiles have a larger crowd following, audio doesn't. We don't have that many who are willing to spend huge amounts on audio and those who do already have what they need in most cases. It's not a bad thing to start around that range, learn more by listening, setting your preferences and target right and aim for a better piece of equipment. Don't think of it as "lowering down" of your standards, rather a way to get crash course for cheap. You won't regret it!