Watch: Product Sourcing Hacks to Reduce Upfront Investment

Did you know that creating new product molds can cost tens of thousands of dollars? Nathan Resnick, CEO and Co-Founder of Sourcify, discusses the simplest and most cost-effective way to manufacture a new product.

“If you’re having to put down $30,000 before you even get a finished production run, that’s a pretty big upfront investment for a young company. “

Taking an existing product on the market and improving on it is a much more cost-effective way to reduce your upfront investment. You can simplify the process even further by reading customer reviews of existing products and using them to improve your new iteration of it.

 


Did you enjoy this video tip? Find more in our videos section