Rushing the prototype
A prototype is necessary before putting any product into mass production. It allows you to make any tweaks before finally manufacturing your product on a large scale. Rushing the prototype phase could result in you manufacturing a product that still has flaws. All these products you’ve manufactured may then need to be discounted or recalled, depending on how bad the flaws are. Take your time when prototyping and don’t be afraid to build multiple prototypes until you have one that is as perfect as possible.
Prioritising cost over quality
The manufacturing process can be expensive. While you can find creative ways to cut costs, you should be careful of prioritising cost over quality. This could include using cheap materials that break easily or using cheap machinery that doesn’t provide as smooth a finish. You may be able to make a bigger profit off a cheaply-made product, but if it’s built to a low quality you could find that customers respond negatively – which could mean demands for refunds, cancelled orders from retailers and negative reviews. In the long run, sacrificing quality could end up costing you more.
Ignoring your carbon footprint
Modern customers are starting to care more about the environmental impact of their purchases. If your manufacturing process isn’t particularly green, it could have a negative impact on your reputation. There are also other negative implications such as the cost. More energy consumption could mean higher energy bills, while wasted materials could result in higher supply costs. In some cases, there could even be higher taxes of fines for using non-eco-friendly methods.
Not taking advantage of outsourcing
It’s possible to design and manufacture your own product in-house. However, outsourcing the manufacturing process is generally cheaper and more time efficient. Processes like sheet metal fabrication could require purchasing specialist machinery and training up people to operate them if you were to do it in-house – by outsourcing the task, you can save yourself this hassle. Some companies outsource multiple manufacturers to build separate parts.
This can allow you to hire the best talent for each task, however you do need to be able to juggle these multiple suppliers. When choosing a manufacturer, always do your research by reading reviews and checking out their products so that you can guarantee that they will get you the results you need.
Manufacturing too few units
When it comes to the quantity of units, a lot of companies make the mistake of going too small. Unless the ‘limited edition’ status is part of the appeal and it allows you to price the product higher, it’s unlikely you’ll make much of a profit from only a few units. Manufacturing batches of hundreds or thousands of units is much more likely to pay off the cost of any machinery you use – providing that you can shift these units (which all comes down to marketing and sales tactics).