Discouraging News

So I talked to a manufacturing consultant who specializes in baby products and he told me it would be crazy to move forward unless I have $100,000 to spare. I feel pretty sh*tty. If I manufacture in America the prices are two to three times higher than manufacturing abroad. If I manufacture abroad it only makes sense to order in bulk (minimum of 5,000) and at that quantity the cost of cargo shipping is insane. It seems like there’s no way to just try it out and see if it works. It’s either all or nothing.

I asked him how normal people get into manufacturing. For instance, in the last week when reading about how successful entreprenuers started their business I’ve come across these two lines:

“I didn’t intend to make a big business it just sorta happened.” (insert cute shrug)

“My husband said stop talking about it and just make it.”

The consultant said, when someone says “it just sorta happened,” that translates to they inherited a ton of money and they got lucky. And that “husband,” was probably the owner of a Fortune 500 company.

At this point I would like to offer a positive spin, but I’m not really feeling positive. I just don’t see how to move forward. This has been keeping me up for the last week. Last night I couldn’t fall asleep until 5am.

šŸ˜¦

8 comments

  1. Aw, Tracy, I’m sorry you’re hitting a rough spot. Take a few days away from it. I always go back to yoga, meditation, and prayer. A solution always finds its way to me. Thinking of you. xo.

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  2. Hi Tracy,

    I totally understand the frustrations you feel with production costs here and abroad. I’m not in the baby product business and I don’t know exactly what you’re making, but as a new entrepreneur who is focusing on domestic production, I can say that while sincerely frustrating, I have found ways to have all my products made here in Los Angeles for somewhat reasonable costs (with the exception of some fabric that has to be imported but the distributor is here).

    You’re not crazy, you don’t need $100,000. You do need some capital, of course, but not that figure. You can do this. One of my favorite quotes when I can’t find the solution is “when life throws you curves, you learn to swerve.” It’s just the challenge of being crafty and trying to look at it from a different angle. I’m sure you’ll find a way! Don’t give up! šŸ™‚

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    1. Hi Elana,
      First off, I love your blog, and I look forward to reading it in more depth.
      Thank you for your encouragement. It’s great to hear from people who went through similar hurtles and made it out the other end!

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  3. You will succeed whether with this project or another. You have done so much prep work that adds to your knowledge base and will help you no matter what you do. Have you considered partnering with a company that makes baby products? If you made, let’s say, $5 per unit sold, you could make a very hefty profit. There are options.
    Another option is to patent it and then license it.
    I’m rooting for you no matter how you proceed.
    xoxox,
    Mom

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  4. So sorry to hear this. I am rooting for you. I agree about taking a break. Sometimes my best ideas/solutions pop into my mind when I’m doing something else (like running).

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