November 28, 2022
Tips -
The Perfect Product: How to find and manufacture the right product for your business | One Link Holdings
Learn how to identify a market need and turn it into a successful product. This guide provides tips on research, manufacturing, and more.
A big part of a successful business is having the right products to sell. After all, if you don’t have anything good to sell, you’re not going to make any sales! In this blog post, we’ll be discussing how to go about finding and manufacturing the perfect product for your business.
There are four main steps in finding and manufacturing the perfect product for your business:
- Identify a market need
- Research and develop a product to fill that need
- Manufacturing your product
- Bringing your product to the market
Let’s take a closer look at each of these steps.
Identify a Market Need
The first step in finding and manufacturing the perfect product is to identify a market need. This can be done by talking to potential customers, looking at industry trends, or analysing data from your current customer base. If the product you’re wanting to develop has a similar product on the market, analysing data and sales can be helpful in establishing whether the product is viable or not. The best way to do this is to create a prototype and test it out with a group of target customers. Once you’ve identified a potential market need, it’s time to move on to the next step: researching and developing a product to fill that need.
Research and Develop a Product
The second step in finding and manufacturing the perfect product is to research and develop a product to fill that need. This involves figuring out what your product will be, how it will be made, what materials will be used, etc. There are certain manufacturing processes that will be more appropriate than others depending on what you’re aiming to produce. If your product needs to be lightweight and durable, consider using injection moulding. If you need a product that is heat resistant, extrusion might be a better choice. All these considerations will influence the cost of the final product, so budget must be considered when choosing the manufacturing process. Once you have all this information figured out, it’s time to move on to the final step: finding a manufacturer to produce your product.
Find a Manufacturer
The third step in finding the perfect product is finding a manufacturer to produce your product. This is where you’ll need to share with your manufacturer your brief which should include a list of your minimum requirements as well as quantities required. You could also add a list for niceties which are not absolutely necessary. It’s important to keep in mind that the cost of production will have a direct impact on the price of your product. You’ll also need to decide on packaging, branding, and any other features that will make your product stand out from the competition. This can be done by doing some online research, attending trade shows/conventions, or reaching out to industry associations/networks. It’s important to make sure that you’re working with a reputable manufacturer who can deliver high-quality products.
To decide between multiple manufacturers, its important to consider which manufacturer produces similar products to what you’re wanting, they may even be happy to share with you other brands they are currently making those products for, this could go a long way in ensuring you are working with a high quality factory. After deciding on a factory or a number of factories you will want to request a request for quote (RFQ) which will allow you to properly analyze your options by reaching a quote which specifies price, product specifications, production lead times, payment terms and a number of other key details. Once you’ve found a manufacturer that meets your needs, you can request a stock standard sample of a fully customized sample which will then allow you to check quality and take photos for marketing purposes, this can also be a great opportunity to test the demand of your product before committing to the order.
Bringing your product to the market
The final step is to bring your product to market. This involves creating marketing materials, setting up distribution channels, and launching an advertising campaign. It’s important to track your progress and sales so that you can adjust your marketing strategy as needed. With hard work and dedication, you can turn your product into a success!
If you want your business to be successful, it’s important that you have the right products to sell. In this blog post, we’ve gone over the three main steps involved in finding and manufacturing the perfect product for your business: first, identify a market need, second research and develop a product to fill that need, third find a manufacturer and finally continue to innovate so your brand always stays relevant with market trends so that there’s never any downtime in improving processes.
If you’re in business, you know that finding and manufacturing the right product is essential to your success. But where do you start? How do you find the right product for your business? And how do you manufacture it so that it meets your high standards?
OneLink Holdings can help. We specialize in finding and manufacturing the right product for your business. We have a team of experts who will work with you to find the perfect product for your needs. OneLink Holdings is your one-stop solution for finding and manufacturing the right product for your business. Contact us today to learn more about what we can do for you.
Written By
One Link Holding team
With our experience it puts us in a very unique position in being able to take your business from idea to reality, or if you’re part of the way there we can help with a number of individual areas in your business.
