Hello Fastlaners,
I have been a long time member of Fastlane, walking the side walk for past couple of years even after coming across this forum with information equal to GOLD. Actions have been taken time to time but always failed. I believe that failure is something like a mirror, that actual makes you realize that there more to learn or work on. Below is my hurdle which is a temporary road block to my Fastlane.
I have this product idea and I have also found market demand for it. It has taken some time for me to raise the required funds which I felt would be sufficient for a humble for a start. While I gathered funds all these years to support my product's manufacturing, and cost of running a company full time, I saw other individuals coming up with similar products. This some how has validated that there is indeed a lot of potential for my product.
I'm having a tough time with manufacturers from my niche. In all these years of research and survey I understood that there are two types of manufacturers (excluding the agents that pose as manufacturers) in the Industry 1. Big Manufacturers & 2. Small Manufacturers. Both of them are currently posing as my entry barriers.
The Big manufacturers with good technology, man power, and skills hardly entertains start ups like mine. The benefit I would have in working with these kind of manufacturers is that their product quality is always the best and therefore, I always prefer working with them.
On the contrary the small manufacturers, their response time is good, they want more customers, they will extend their support to you on time but the end product is not upto the mark. Even their MOQs are sometimes are on higher side.
Since there are plenty of experts on this forum who deal or would have dealt directly with manufacturers I have couple of questions and would highly appreciate if someone could address them.
How do I introduce my self/brand to a new manufacturer when sending them an e-mail inquiry.
How do you tackle the MOQ issues while developing and testing a product for the first time in the market.
I have been a long time member of Fastlane, walking the side walk for past couple of years even after coming across this forum with information equal to GOLD. Actions have been taken time to time but always failed. I believe that failure is something like a mirror, that actual makes you realize that there more to learn or work on. Below is my hurdle which is a temporary road block to my Fastlane.
I have this product idea and I have also found market demand for it. It has taken some time for me to raise the required funds which I felt would be sufficient for a humble for a start. While I gathered funds all these years to support my product's manufacturing, and cost of running a company full time, I saw other individuals coming up with similar products. This some how has validated that there is indeed a lot of potential for my product.
I'm having a tough time with manufacturers from my niche. In all these years of research and survey I understood that there are two types of manufacturers (excluding the agents that pose as manufacturers) in the Industry 1. Big Manufacturers & 2. Small Manufacturers. Both of them are currently posing as my entry barriers.
The Big manufacturers with good technology, man power, and skills hardly entertains start ups like mine. The benefit I would have in working with these kind of manufacturers is that their product quality is always the best and therefore, I always prefer working with them.
On the contrary the small manufacturers, their response time is good, they want more customers, they will extend their support to you on time but the end product is not upto the mark. Even their MOQs are sometimes are on higher side.
Since there are plenty of experts on this forum who deal or would have dealt directly with manufacturers I have couple of questions and would highly appreciate if someone could address them.
How do I introduce my self/brand to a new manufacturer when sending them an e-mail inquiry.
How do you tackle the MOQ issues while developing and testing a product for the first time in the market.
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