The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

EXECUTION Manufacturing process

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

fmob007

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 3, 2018
41
28
61
24
Hello,

I have found an interesting product that I want to improve to sell on amazon. The market is small and not competitive and competitors products are generally unattractive and not well marketed. So i’d like to make some modifications mainly on the appearance of it and fewer on functionality. It’s a high end product and I would like to start selling on B&M stores as well. The product consists of two major ingredients. I am pretty sure it can be done by just one supplier, but it would be good if he didn’t know my final product. So I am thinking of finding two different suppliers one for each ingredient. But this will increase the cost, manufacturing time and I will need to ship it to the second supplier when the first one has finished. So I will also need to inspect it twice. I am also thinking about labeling it in the U.K. so that the manufacturer doesn’t know my brand and market. Am I overthinking it and should I just have them all arranged by one supplier? I wouldn’t like to pay for all the upfront costs and then see my product being advertised by the supplier to other prospective buyers. How should I approach this?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

NMdad

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Aug 6, 2017
603
1,301
426
New Mexico
How have you validated the market? Can you make it yourself to test/prove the market before outsourcing the manufacturing?
 

fmob007

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 3, 2018
41
28
61
24
I believe there is a need for this product in the market. Sales from other amazon sellers are good enough and I would be happy obtaining a market share from them. The product cannot be made by myself, it needs to be outsourced.
 

Eskil

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 18, 2012
1,860
7,873
2,066
Scottsdale, AZ
You could look into having the suppliers sign a non-compete agreement, perhaps along with an NDA. The non-compete though may not give you absolute protection, but chances are the suppliers themselves are too busy doing what they do and won't have the team and marketing know-how to bother competing. Add to that a non-compete agreement and it at least signals to them that they should think twice about doing so because they then might face legal action as well.
 

Sponsored Offers

Introducing MJ's Personal Unscripted Network, Join Now for FREE!
If you are in IDEA mode, text "IDEA" to the above number. If you are in LAUNCH/START mode, text...
MARKETPLACE 7 Days To Freedom: From Wantrepreneur/Wage Slave To Freelancer
7 Days To Freedom: How To Go From Wantrepreneur To Income Producing Freelancer In Just 7 Days...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
I have a long weekend off work.. bought your "Start a Freelance Business: Take Back Your...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Adding in my 2 cents for anyone considering joining. Let me save you the deliberation - join...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I have not offered one of these in a while, but it looks like I have time to take on an...



Forum Sponsor

Over 100 Fastlane Students
More Details...

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom