Hey guys it's me *again*
I'm going to have a detailed call with a manufacturer rep today, from the ones I've been looking into. They seem to be able to do a couple different designs of the product I'm trying to put together (it's an enhanced existing product that fixes some pain points and adds value, I'm planning to brand it) From the few manufacturers I've contacted by email they are the only ones that will produce an order as small as 50 so I can validate the idea (and supposedly they can scale later as needed as they have bigger facilities)
I'm planning to ask if they are able to produce a sample before placing the first order of 50.
He asked me if I had a target price because below $1.00 they would have to take it offshore and need much more detail regarding the design to make sure it gets done alright. I said I was shooting for under $5.00 (my idea of the retail price is somewhere between $15-20 depending on a few things), now I'm hoping he won't quote me 4.99. lol
I already know the turn around time (he said 3-4 weeks from design approved to delivery I believe).
So now I'm gonna have a call with him and I'm hoping to get at least a sample be produced,
Is there anything you guys think I should know, or ask from them, or be aware of? Luckily this place is in Chicago so I can personally go to take a look at the materials or anything if needed. I'm just not sure what to expect from all this or how to go about it, I don't wanna sound like the total newb I am and be taken advantage of.
I'm going to have a detailed call with a manufacturer rep today, from the ones I've been looking into. They seem to be able to do a couple different designs of the product I'm trying to put together (it's an enhanced existing product that fixes some pain points and adds value, I'm planning to brand it) From the few manufacturers I've contacted by email they are the only ones that will produce an order as small as 50 so I can validate the idea (and supposedly they can scale later as needed as they have bigger facilities)
I'm planning to ask if they are able to produce a sample before placing the first order of 50.
He asked me if I had a target price because below $1.00 they would have to take it offshore and need much more detail regarding the design to make sure it gets done alright. I said I was shooting for under $5.00 (my idea of the retail price is somewhere between $15-20 depending on a few things), now I'm hoping he won't quote me 4.99. lol
I already know the turn around time (he said 3-4 weeks from design approved to delivery I believe).
So now I'm gonna have a call with him and I'm hoping to get at least a sample be produced,
Is there anything you guys think I should know, or ask from them, or be aware of? Luckily this place is in Chicago so I can personally go to take a look at the materials or anything if needed. I'm just not sure what to expect from all this or how to go about it, I don't wanna sound like the total newb I am and be taken advantage of.
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. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today