Bringing a new product idea to the market can be a very exciting adventure, if not a little daunting. It is important that you get all your ducks in a row before making large investments on your product. You want to make sure that there is an actual need for your product. Go and do...
A great deal of product ideas has held back an awful lot of inexperienced entrepreneurs because they have no idea how to manufacture a product, or how to find a manufacturer to make their product happen. Putting good product ideas on the back burner is like throwing away a possible million-...
How do I get someone to manufacture my invention? How do I manufacture my idea? How do I find and contact a manufacturer? Can I manufacture my own product? If there's anything we know about entrepreneurs, it's that they're always looking for ways to improve their businesses and cut cos...
Many manufacturers have a minimum order quantity or MOQ. This is especially relevant if you don’t have a lot of experience, or extra capital. Also, ask about exclusivity. You don’t want another business using the tools you supplied to manufacture your product. Finally, have a clear plan ...
I used to look at my closet and see clothes. These days, whenever I cast my eyes upon the stacks of shoes and hangers of shirts, sweaters and jackets, I see water. It takes 569 gallons to manufacture a T-shirt, from its start in the cotton fields to its appearance on store shelve...
Innovate Product Design will not share you email address. We may occasionally send information about Innovate. Simply email or call us to unsubscribe. What type of prototype do you need? Visual prototype Inventors assessing how to manufacture a new product often start with a visual prototype. This...
However, the harsh reality forsmall business ownersis that finding the right business partner tomanufacture a productcan be difficult. To succeed, you must take a methodical approach and ensure that any relationship translates to high-quality—and profitable—products. ...
If you are more of the ambitious type, you may be seeking to manufacture your product on your own. When this is the case, you can still acquire design blueprints from Chinese manufacturers or engineers. Some consumer electronics products and other consumer products have open source designs...
Before testing the specifics of a new venture, you need to validate the big picture first. You need to establish the rough size of the current market for your new product or service. If there is no demand or very little demand, it will be much harder and costlier to get the idea off...
Let's say you want to sell hot sauce at $20 a bottle. If it costs you $5 to manufacture and get it ready to ship, you'll bring in $15 in profit per unit sold. That's not a lot of money to spend on finding a customer for it, let alone the other business expenses you'll ...