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- Dec 4, 2013
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I have been playing around with numbers while I wait for a quote to come in and, manufacturing seems like a great way to scale far beyond the product I want to offer. I figured if the product may do well producing the product myself may do well also. The product will have to change hands less frequently cutting out shipping expenses and, other expenses that go along with the manufacturing process. If its all being done in a centralized location and, then being sent out to retailers it will equal more profit. On top of that if the product is making great profit you are loosing money if you pocket the profit and, are hit with high income taxes. So me personally manufacturing seems like the best logical idea. You can funnel a large portion of the profit into more equipment making the cost of the unit cheaper and, the process more efficient while also being able to take on more jobs.
So is anyone doing this, or am I missing something on why it may not be practical? I know the barrier to entry is high but, if you can get past that it seems like a great way to grow.
So is anyone doing this, or am I missing something on why it may not be practical? I know the barrier to entry is high but, if you can get past that it seems like a great way to grow.
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