How to Choose Prototype Manufacturing Companies
Posted by Phineas Gray , on Aug, 2015
For small business startups and entrepreneurs, the single most important question is which prototype manufacturing companies they should be use to make their product. Choose the right manufacture to partner with today and you can save yourself a lot of headaches down the line. Finding a company that is a good fit for your business goals and product can be a challenge.
Begin with Your Needs
Depending on the type of business that you have, the your requirements for a manufacturer will differ from other businesses. For example, if you plan on selling in volume, you will need to find manufacturers with quick turnaround times who are able to provide products at a low price. If you are a premium auto accessories retailer who sells items at a high price, however, then you may want to seek out a manufacturer who can assist you with finding high superior materials and can guarantee excellent quality.
Find an End-To-End Provider
The idea of spending more money when you are a business startup is not attractive, so you need to be find a manufacturer who can provide services from the beginning stages of your prototype to the packaging used to ship your goods. Seek out a company that operates more like a partner and who will have expert engineers to help you make the best long-term decisions.
Ask the Right Questions
Once you have found the right prototype manufacturer for your business, it is time to begin asking some important questions. Ask questions such as:
• What is your minimum order quantity? The minimums being offered by the company should be manageable and work with your business plan. The minimum order quantity (or MOQ) will vary from company to company and from product to product.
• How much do you charge for production? Many manufacturing companies will gladly provide you with a chart showing production costs for different tiers of quantities and types of goods. If they do not provide this information upfront you should probably look elsewhere.
• How much do your samples cost? Sample costs range from free to a business owner being charged full price for the product.
• What are your payment terms? If you are a new client, do not be surprised if the company requires you to pay the entire balance up front.
• What is the turnaround time? Timing is everything when it comes to business. Make sure that you fully understand how long it will take for the company to produce and ship your product so that you can plan your business accordingly.
For more information, visit Paragon Global Supply.