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MyGreatIdea
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minti, post: 157564 wrote:
Without giving too much away on the patent/product.. I have found a manufacturer in china that already makes what i am after, but obviously with my innovation to the actual product, that’s where the changes would come in (hope i am making sense).

I have a lot of faith in this idea.. partly due to the fact that it is already something that is used by a lot of people.. its just that I am adding/making it even more better than it currently is.

In that case, it’s really important to understand what your point of difference will be. If there are already established brands in the market, what will make people buy yours instead? Why would they move to something new? Are the new features going to be enough to persuade them? How will you compete on price?

You will need to make sure that your pricing leaves nothing to chance. Ensure you will have enough margin to cover agents and distributors after factoring in your production, delivery and operating costs.

I just dont really know what i need to start the manufacturer process.

Firstly, confirm with your patent attorney that there is no reason for you not to contact a couple of manufacturers in China and ask for quotes.

The factory managers will need your drawings and specs and should be able to give you a quote for tooling, a quote per unit for the first small run, and quotes for future, larger production runs. Make sure they specify what their minimum order is as well. You usually have to pay a small fee for any small orders.

Happy to PM you details of my manufacturer if you’d like.

Oh Wendy, your ebook sounds like a great read.. I will be sure to read it.. You will have to let me know when its ready! :-)

Will do…my first customer :D

Wendy :)