I have a product that I have been developing for two years now and I have a prototype finished. I was wondering how I would go about finding a manufacturer or someone to sell my product idea to and potentially keep part of ownership or have a percentage of royalties i'd get for every sale. I want to stay within the United States as well.
Here's the basic check list for you to find the right manufacturer of your product.
1. Make sure they understand your industry and are familiar with your type of products. Ask for their expertise in your area.
2. What types of materials do they use the most? Again if they generally sew knits for T-shirts they would not be a likely candidate for sewing silk bridal gowns.
3. What other companies have hired them? Ask for references and then contact the references.
4. Visit the workroom or factory after the initial conversation makes them a candidate. Look to see how clean and organized it is. Does there appear to be a work-flow? Seeing with you own eyes can be very telling.
5. Check the workmanship of similar items. Is it the quality you are looking for?
6. Is everything done in house? Sometimes small factories will send some processes out – make sure you know that everything is under one roof.
7. Ask who is would be in charge of your project and make sure to meet them. What's your instinct about this person? Have you established rapport and are they taking the time to answer all your questions
8. What are the lead times required? What information and supplies do they require prior to production if they are not supplying everything?
9. When is the deadline for a counter sample to be complete and approved prior to production?
10. What is their quality control procedure? How much time will you have to inspect the goods after you receive them?
11. What are the payment terms? These are generally negotiable to some extent.
12. You'll certainly need to know the price per unit - but do not discuss price until you know two things #1 What is your bottom line which means you need to know ahead of time and #2 Are they capable of doing the work and do you want to work with them?
13. What is the cost of samples? Good samples are a necessity when you are selling – they show your products to buyers and your orders will be derived from showing the samples. Know how many you need, by what date. Costs are often based on production per unit – such as 3 times or possibly more.
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