How to Find a Tier One Manufacturer for Your Product
Thinking of a fantastic product that you believe will cut through the competition is great, but you still need to have your product manufactured. Transitioning your idea from codified thoughts into the physical space isn’t straightforward, and there are several considerations you need to take into account before you decide on a manufacturer. You will need to carry out extensive research and avoid falling into the entrepreneurial trap, where effort slides and ideas fail. Throughout this article, we will help you choose the right manufacturer for your product.
Understanding Your Needs
Before contacting businesses, you need to understand what your needs are. To do this, you need to create a complete mockup of the end product that demonstrates exactly how it functions. If you can take this further, aim to have a prototype ready to present to manufacturers. Telling the manufacturers which materials and dimensions to use will let them know that you mean business. If you skip this step, your product may have manufacturing faults, which will lead to monetary loss.
Overseas Vs Domestic
Once you understand your needs, you have to decide if domestic or international manufacturing will be better for you. When we talk about overseas, it’s typically Indian or Asian countries, where labor is cheaper, and materials are easier to source. Many factors will sway your decision including the type of product and the expertise required.
If you opt for domestic manufacturing, you can easily verify that the quality and communication will be simple. However, there are fewer choices, and the cost tends to be higher. Alternatively, if you choose overseas manufacturing, you may have difficulties communicating but benefit from lower costs.
Manufacturer and Supplier Types
The type of manufacturer you choose will depend on your product. For example, if your product is intricate, digital manufacturing will be the best option because it can be programmed to the letter, which will eliminate human error.
Not all manufacturers will supply materials for you, so you will need to discuss this first. If you need to find a supplier, it will pay to know the different types, which include:
- Wholesalers. These suppliers don’t manufacture products; they simply buy and sell them in bulk. If you’ve already got an existing product, this will be a viable option. However, keep in mind that they’ll take a hefty cut on top.
- Factories. Factories will make new products for you, which makes them the best supplier for your idea. However, you may struggle to secure deals with overseas factories.
- Trading companies. Trading companies are essentially a middleman, like wholesalers, except they deal with smaller units and offer greater variety. When products defect, trading companies have zero responsibility, which can leave your product in the dirt.
Transitioning your product idea into the physical space can be difficult and finding the right manufacturer will take time. You need to fully understand your product’s needs and have a prototype if possible. Then, you need to figure out whether you will manufacture overseas or domestically. The final step is deciding which type of manufacturer or supplier you wish to use.