Jacobfk1
New Contributor
Greetings, first time poster, long time lurker....
I have started working with an overseas manufacturing sourcing company and wanted to get some thoughts on the "fastlaneness" of this opportunity. I'll share all the details and would love to get your thoughts.
First an overview of what the company does...we takee your existing product or idea and find the best manufacturers to produce your product in Asia. We don't own any factories, but have relationships with over 300 manufacturing groups. Besides just finding a quality factory at a great price, we also have engineers in the US that can help develop products or reverse engineer a product you'd like to be producing. We also have graphic artist that can design packaging. We have an office in China that checks every shipment for quality control before it is shipped, as well as conducts spot checks in the factories during production. We handle every aspect of getting your product from the development phase to delivery at your door, including shipping and customs.
Our target market is basically anyone that sells a physical product, from mom and pop operations to fortune 500 companies. Obviously we can save a company major $$$ if they are currently buying their product from a US manufacture or distributor, but we have also had success with companies that are currently manufacturing in Asia, but their prices have increased or they just didn't shop around when selecting their current partners. In my limited time with this company I have gotten bids for some very skeptical business owners who were already producing in Asia, and every time they have been ecstatic with the results.
My job is to go out and find companies and get their products for bid. Once we get there, it's easy. So here are the basics for the fast lane portion of the opportunity:
First the positives
1) commissions are residual. I get a small (but not insignificant) check for every product submitted for bid, and I get a small percentage of every order that company places.
2) 99% of the sales are handled via phone/email. I can work from anywhere.
3) it is scalable because I can sell to most businesses on the PLANET
4) No $$$ investment on my part, meaning I can devote my capital to more real estate and/or launching my own company down the road.
5) I really enjoy it, every sales call I am presenting a "win" for the customer.
Now the negatives
1) I own nothing, there will be no big sale at the end of the rainbow.
2) although minimal, it does take some work/time... time that I could be devoting to something else.
So, what are your thoughts? Is this worth the time and effort like I think it is? Or should I be more concerned with what products I can have manufactured overseas for MY OWN company? I've been thinking that I could concentrate on this for a little while and try to build a base of residual commissions to help support my family when I quit my "day job" but that will take some time to develop.
All thoughts welcome! Thanks
I have started working with an overseas manufacturing sourcing company and wanted to get some thoughts on the "fastlaneness" of this opportunity. I'll share all the details and would love to get your thoughts.
First an overview of what the company does...we takee your existing product or idea and find the best manufacturers to produce your product in Asia. We don't own any factories, but have relationships with over 300 manufacturing groups. Besides just finding a quality factory at a great price, we also have engineers in the US that can help develop products or reverse engineer a product you'd like to be producing. We also have graphic artist that can design packaging. We have an office in China that checks every shipment for quality control before it is shipped, as well as conducts spot checks in the factories during production. We handle every aspect of getting your product from the development phase to delivery at your door, including shipping and customs.
Our target market is basically anyone that sells a physical product, from mom and pop operations to fortune 500 companies. Obviously we can save a company major $$$ if they are currently buying their product from a US manufacture or distributor, but we have also had success with companies that are currently manufacturing in Asia, but their prices have increased or they just didn't shop around when selecting their current partners. In my limited time with this company I have gotten bids for some very skeptical business owners who were already producing in Asia, and every time they have been ecstatic with the results.
My job is to go out and find companies and get their products for bid. Once we get there, it's easy. So here are the basics for the fast lane portion of the opportunity:
First the positives
1) commissions are residual. I get a small (but not insignificant) check for every product submitted for bid, and I get a small percentage of every order that company places.
2) 99% of the sales are handled via phone/email. I can work from anywhere.
3) it is scalable because I can sell to most businesses on the PLANET
4) No $$$ investment on my part, meaning I can devote my capital to more real estate and/or launching my own company down the road.
5) I really enjoy it, every sales call I am presenting a "win" for the customer.
Now the negatives
1) I own nothing, there will be no big sale at the end of the rainbow.
2) although minimal, it does take some work/time... time that I could be devoting to something else.
So, what are your thoughts? Is this worth the time and effort like I think it is? Or should I be more concerned with what products I can have manufactured overseas for MY OWN company? I've been thinking that I could concentrate on this for a little while and try to build a base of residual commissions to help support my family when I quit my "day job" but that will take some time to develop.
All thoughts welcome! Thanks
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
