Finding and convincing the right manufacturers
Tim Ferris, bestselling author of “4 Hour Work Week”, “4 Hour Body” and “4 Hour Chef”, and angel investor and adviser to companies such as Facebook, Twitter, StumbleUpon and Uber, covers how he found and convinced manufacturing partners for his first business, BrainQUICKEN.
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2. Create a short business plan that outlines your future order volume to help convince potential partners to do a smaller trial run with you.
3. Do a background check on any potential partners to check they haven’t been involved in fraudulent activities.
4. Don’t bulk purchase products that haven’t been heavily validated by your market.
5. Know the production time of each component being manufactured.