ReadySip is a one-of-a-kind connected device to help you do one thing:
Patent-Pending design and features measure your hot beverage and alerts you when its ready to drink.
Risks and challenges
We are committed to making high quality, innovative products with a focus on you - our customer - because we realize that without you, our products could not be a success.
We also want to make our products in the United States through sustainable means whenever possible, and have kept this at the forefront of our design and manufacturing philosophy - yes, this is sometimes more expensive in the short-term, but we believe it's the right thing to do.
We will seek alternative options as our budget may dictate, but will always retain our focus on quality and will always remain customer-focused, as this is at the core of our business.
Building the infrastructure to manufacture ReadySip is already in progress, but our final approach to the manufacturing process will depend on the response to our Kickstarter campaign, as we will have to then re-assess our position given the resources available.
Some of the challenges we currently face are the initial costs of injection molds - for our project, we need to have 4 molds made, we have initial quotes ranging from $20,000-40,000.
Besides this, we need to place large orders for electronics for our board manufacturer - per-unit build costs are pretty high unless we commit to making more units; our target is to initially make at least 2500 units, which will enable us to take advantage of economies of scale.
Following these obstacles, we believe our final assembly, supply chain, and shipping and logistics is well-enough in place to successfully deliver the product, although we anticipate that there will likely be a few unplanned bumps in our learning curve ahead...
We have already spent a few thousand dollars to obtain future CNC capabilities in our existing machine shop, which - once upgrades to our mill are complete - should enable us to make molds in-house which would be a real benefit both to this project and other future projects already in the pipeline.
If funding here doesn't enable us to complete using contract manufacturers as desired, we plan to invest further on our in-house capabilities as described above.
We realize our timeline may be a bit ambitious, but we believe that here on Kickstarter, all things may be made possible with your support!
Of course as things progress and the inevitable unforeseen underfunding or other delays ensue, we will do our best to communicate updated project timelines and delivery times as often as possible.
We are committed to you - our valued customer - and hope to always impress you with our impeccable service and continued focus on quality products.
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- (44 days)