If you’re interested in producing your own products in the hopes of one day making it as a product manufacturer and wholesaler, you have a steep slope to climb. Starting from nothing and aiming to have a huge factory working on your various projects and products can be a huge leap of the imagination. Often, it’s smarter to work slower, with the aim not of creating a huge manufacturing empire, but of first constructing a business-viable boutique production company. If that’s something you feel is achievable with your ambitions, desires, and talents, this article is for you.
Whether you’re creating small products for specialized clients, or mass-market products for all consumers, you’re going to need to do your materials research before you go ahead and produce your products. For most firms, that means liaising with several materials manufacturing companies. You might be searching for a water soluble polymer, in which case you’ll go to a plastics firm or a chemical company. You might need a reliable, sustainable source of wood, in which case you’ll talk to loggers and the middlemen who trade in felled wood. Get your materials sorted to move on to the next stage in the creation of your boutique production firm.
You cannot afford to purchase the kind of machinery that is present in many larger operations, most of which will have millions of dollars in liquid assets that they can throw around to get access to the most advanced technology. Yet, you do have one sizable advantage over these large companies: you’re starting from scratch, which means you have no “legacy” software or hardware that your competitors will have to have integrated into their processes. To make the most of this advantage, shop candidly for smart, advanced, multi-functional hardware, such as reprogrammable robotic arms and 3D printers.
Now that you’re able to source materials and you have enough machinery to get going on the production of different products, it’ll be time to begin speaking with clients. Boutique producers can be a little more bespoke, tailor-making products for their clients in such a way as to delight everyone they work with. This is your chance to show off the versatility of your small operation, and the cheap prices that you’re able to offer the firms that you’re working with.
Over time, and once you’ve been working alongside clients for a little while, it’ll be time to start turning your attention to how you can drive efficiency in your boutique production firm. For many businesses, this is a simple step of reducing overheads expanding their operation, and making sure that they’re always securing the best deals on their inputs to the production line, such as materials, energy, and labor. If all of these components come together in the cheapest possible form, you’ll be able to offer ever-more competitive rates to your partners and clients, winning over more customers from your competitors.
There you have it. Four simple tips for those hoping to begin producing products on a bespoke basis for companies.