The purpose to make this out of plastic is to drive down the cost per item. Making an item out of plastic has a very large setup fee. I have a required minimum of 1,000 units.
Costs are as follows:
Tooling: at least $26,000 probably closer to $30,000 Unit Cost: $23/unit Shipping: $10/unit
1,000 x 33 = $33,000 + $30,000 = $63,000
10% charge from Kickstarter & Amazon = $6,300
Final = $69,300 + $10,000 (to cover the unseen & shipping to people who have ordered the product.) = approx $79,000
Product will be made in China by a toy company which makes toys out of plastic. A reputable marketing company (VOX Marketing Group) is overseeing the manufacturing of the Chinese company.
Risks and challenges
Challenges: getting a high quality product from the factory in China delivered to me.
How I will overcome: I won't pull the trigger unless the sample I get is of the highest quality. I'm working with VOX because they have experience getting stuff made in China.Learn about accountability on Kickstarter
- (45 days)