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The Invent With Me Podcast
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⬇️Apple
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In this episode of the Invent With Me podcast, we're tackling two of the most critical aspects of bringing your invention to market: manufacturing and selling strategies. If you've ever wondered how to navigate the complex world of product creation, especially when working with overseas manufacturers, or how to effectively sell your products, this episode is packed with insights that can help you succeed.
Introduction (00:00 - 02:00):
We kick off the episode by setting the stage for what’s to come—an in-depth discussion on the challenges and strategies involved in manufacturing your product and getting it into the hands of customers.
The Pain of Manufacturing (02:01 - 18:00):
Manufacturing a new product is rarely a straightforward process. We delve into the challenges faced when working with global sourcing agents like Citi Global, from initial prototypes to dealing with frustrating delays and unexpected cost increases. Learn why inventors often struggle with overseas manufacturing and why it’s essential to find the right partner who truly understands your product.
Grant shares his experience with sourcing agents who are more focused on volume than helping small inventors. Discover why inventors are often at the bottom of the priority list for these companies and the pitfalls of working with manufacturers who prefer to stick to what they know rather than innovate.
Navigating the Alibaba Maze (18:01 - 25:00):
For many inventors, Alibaba is the go-to platform for finding manufacturers. But it’s not without its challenges. We explore the complexities of dealing with trading companies on Alibaba and the importance of knowing the true cost of your product. Grant discusses his experiences with trading companies and how to avoid common mistakes when sourcing your products from China.
Selling Strategies for Inventors (25:01 - 39:00):
Once your product is manufactured, the next big hurdle is selling it. This segment focuses on effective selling strategies, with a particular emphasis on Amazon. Grant shares the importance of selecting the right keywords to ensure your product stands out in a crowded marketplace. Learn how to optimize your product listings to attract more customers and increase sales.
Discover why pricing strategy is crucial and how to set a price point that not only covers your costs but also leaves room for promotions and discounts. Grant discusses the significance of offering free shipping and how to leverage it to boost your average order value.
Maximizing Margins and Scaling Your Business (39:01 - 55:00):
In this section, we dive into the numbers—how to calculate your margins and ensur
The Invent With Me Podcast, where each week we help aspiring inventors and product creators to turn their innovative ideas into reality. Join us on youtube to have the ultimate show experience! www.youtube.com/@inventwithme
