I have a candy-toy product and I am trying to determine the costs to manufacture (a company is interested).
Any ideas of where to go to get manufacturing cost estimates?
Thanks!
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Brad Stradling
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I have a candy-toy product and I am trying to determine the costs to manufacture (a company is interested). Any ideas of where to go to get manufacturing cost estimates? Thanks! |
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Julie Brown
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This was discussed before and you might get even more info. by going to “Estimating Manufacturing Costs?” thread or just using the search button above. Good luck. (During the last 9 years, my manufacturing costs have changed at least 7 times.) |
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Brad Stradling
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Hi James, interesting formula, I will keep that in mind. Thanks |
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James Chapman
155,750
Insider Points
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I copyrighted a toy and was given a formula by toy industry agents and the simplest form was 20% of the retail value should be your manufacturing and storage for 1 yr. The form looks like “.20 X (QTY X MSRP + Dim /12 X .5 ) / qty = Target Manufacturing cost”. Then you start approaching manufacturers to see if they can hit the target or below. I found if I was ordering 10k units or more they competed with each other a little more. Storage can be calculated $0.50/cf per month including packaging, which is rreally high but it keeps the inventory moving. I am sure it varies, but that was a storage facility in California that would receive directly from China. Hope that helps! |
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Brad Stradling
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Roger, agreed. They should be able to get their own quotes. I have noticed many toy companies want to have cost estimates up front. They asked me for this, so I am trying to provide in order to close the deal. Thanks for ThomasNet, a great resource! |
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Roger Brown
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Insider Points
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You can use http://www.thomasnet.com/ to find manufacturers and get quotes. I would ask if the company you are approaching is interested don’t they already make candy toy products? If they do they should already have a company making the products for them and can get their own qoute. Or are you planning on making the product and then selling it to them? |