how to create something: a manufactured product
This is branch from a list from @lovingkindnesscomedy .
I created my product: Laptop Lifts in 2008. I still sell it on Amazon and I learned a LOT about how the world works. I use overseas manufacturing, shipping, returns, how Amazon really works for sellers and so many other things. It has been very nice side income for almost no work after the first few years.
if you have an idea that just won't go away I recommend trying it but "don't quit your day job" as they say!
here are 10 suggestions for ways that you could do it yourself.
1. Ask a lot of questions to manufacturing companies
2. Have a retail price in mind and design for that knowing that your initial cost needs to be 20% of that
3. Shipping will cost almost as much as your product.
You can think of ways to make your product light weight, and also think of ways to reduce shipping. For example, I was looking into packaging for my product. And there were a number of companies that would make the product and a number of companies that would make the packaging and a number of companies  to make the insert and they were all asking me to mail the product from one location to another to get the work done, This would have made my product need to cost $100 and nobody would have bought it.
I was working through my manufacturer who is based in the United States, but his factory is in China and they were able to do the whole thing.
On another note, this is why China has been beating the US for a long time in small run manufacturing. They are willing to do just about anything to help the customer. Their answer is always yes for me and I make purchases of only about 1000 units a year. They agreed to do all of the printing and packaging in their factory. I could not get that done in the US for any price.
The companies based in the US that I was talking to 14 years ago wouldn't even consider doing business with me unless I could buy 100,000 units. Things have changed now with modern manufacturing technology, and also a more competitive atmosphere.Â
4. Advertising can be 50% of the retail cost of a product
5. Amazon is the #1 marketplace for widgets by far
I have been selling 99% of my units on Amazon. I had other arrangements, I even had it in a retail store at one time where there were some sales. Amazon will store, list and ship your product at a low cost: their costs for me, or about five dollars a unit. That includes everything including customer service!
6. Keep the weight down
My product weighs 3 ounces. Since it weighs less than 14 ounces, shipping in the US is cheaper. Also, as you find that 1000 things that weigh 3 ounces actually weigh hundreds of pounds you need to plan for your shipping and storage.
No comments.