Tuesday, May 18, 2010

Import/Export Discussion

Just got back from the Seattle SBA where I was a panel speaker on a discussion about Import/Export and manufacturing. This is a topic I like to talk about with new businesses in the soft goods industry. Whether or not to produce your product in the US should not be taken lightly. It's good to remember that after you pay all the sampling fees, shipping, duties, etc. your product may not actually be that much cheaper than producing in the US. Explore ALL the costs...and I mean ALL before you decide where to manufacture. You do not want to get stuck with a large amount of inventory just to save a few bucks. Sometimes paying a little more and moving all your product is a better deal. Weigh it all out.

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