How do I get the best cost price from a UK manufacturer?
Got a cost price you're not happy with - this might be why!
It's the 拢64 million question!
Is social media enough these days?
Or should you be paying for ads?
Having a fantastic product and sticking them on a website hoping someone will find them is the dream!
But the reality is, you鈥檙e up against some stiff competition, and unless you鈥檝e got a marketing plan and a way of getting traffic to your website, you鈥檝e got a hobby and not a business.
So what do you do if you don鈥檛 want to launch to crickets?
If you want to know the best way of getting a realistic cost price from a manufacturer watch this quick video explaining how!
The question asked here was: 鈥淎聽manufacturer聽has聽quoted聽me聽more聽than聽double聽what聽I'd聽expect聽to聽pay. From聽further聽discussion,聽they聽can聽bring聽that聽figure聽down聽by聽using聽a聽different聽shape聽to聽that聽in聽my聽spec.聽I聽think聽they've聽priced聽according聽to聽a聽competitor's聽product,聽but聽that聽is聽different聽from聽mine.聽I聽hope聽that聽by聽meeting聽them聽in聽person,聽it聽will聽help聽better聽convey聽what聽I聽want聽as聽I聽will聽take聽samples.聽I聽hope聽that聽by聽meeting聽them聽in聽person,聽it聽will聽help聽better聽convey聽what聽I聽want聽as聽I聽will聽take聽samples. I聽really聽don't聽want聽to聽resort聽to聽China聽for聽production.聽Do聽you聽have聽any聽tips聽on聽respectfully聽negotiating?鈥�
Note: it turns out that the person asking the question had not visited the factory or had them make a sample but had asked for a cost price via email with links to competitor products to show what they wanted. In my answer to her question I gave her tips for negotiating with manufacturers and getting the best price from them. Whether it would be better to go to overseas manufacturers and how many units she should buy when placing her first production order.
Timestamps
Understanding manufacturer pricing [00:40]
Calculating your target cost price [03:00 ]
How to know if you鈥檙e in the right ballpark [05:10 ]
When to look overseas instead [06:11 ]
How many units to order [07:47 ]
Let me help YOU to manufacture in the UK
The decision to manufacture in the UK involves weighing numerous factors, from cost and capacity to ethical considerations and brand image. The benefits of local production鈥攕uch as superior quality, faster turnaround times, and ethical transparency鈥攑resent compelling reasons for brands to reconsider their manufacturing strategies.
At 最新糖心Vlog, we're committed to supporting brands in navigating these challenges and seizing the opportunities that UK manufacturing offers.
