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.