
Transcribed
Make Your Million-Dollar Idea: Product Design Manufacturing Process
MAKE YOUR MILLION-DOLLAR idea Part 2 You locked down your idea, determined market opportunity and margins, and made your prototype. Now it's time to enter the production phase of building your business. ISCOVER 6 KEY STEPS TO SOURCE AND MANUFACTURE YOUR PRODUCT DESIGN. DID YOU KNOW? Your minimum-order quantity is usually your biggest startup cc Suppliers have profit margins as low as 2-3% and must produce large product quantities to break even. Plan on large minimum-order quantities and an abundance of inventory to start Know Your Vendor When choosing a vendor, you have the option of hiring a sourcing agent to act as the middleman or to personally visit factories.
Make Your Million-Dollar Idea: Product Design Manufacturing Process
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In part two of our million-dollar idea infographic series with Autodesk’s small business blog, Line//Shape//Space, we dove into the product design manufacturing process. If you have an idea that sto...
od the test of part one of this series, manufacturing is your next step. From knowing your vendor and quality control to packaging and shipping costs, this is the next set of questions and steps you need to go through on your product design journey.
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