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Solving the Solving the sourcing puzzle sourcing puzzle Dead stop to launch in 90 days Dead stop to launch in 90 days

Solving the Sourcing Puzzle- Dead Stop to Launch in 90 Days - Austin Inventors and Entrepreneurs Association

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  • 1. Solving the sourcingSolving the sourcing puzzlepuzzle Dead stop to launch in 90 daysDead stop to launch in 90 days

2. Peter KellerPeter Keller FringeSportFringeSport ProductSimpleProductSimple [email protected]@gmail.com @petekeller@petekeller 3. Goal: Product Launch inGoal: Product Launch in 90 Days90 Days 4. Product Development canProduct Development can take yearstake years 5. But you can cut yourBut you can cut your timeframe down totimeframe down to months or days with amonths or days with a few hacksfew hacks 6. How?How? 7. Days 1-30: Dev andDays 1-30: Dev and Factory SelectionFactory Selection Days 31-60: Order,Days 31-60: Order, Feedback, ProductionFeedback, Production Days 61-90: Shipping,Days 61-90: Shipping, Launch PrepLaunch Prep 8. Days 1-30: Dev andDays 1-30: Dev and Factory SelectionFactory Selection 9. Quick tangent-Quick tangent- OEM vs. ODMOEM vs. ODM 10. Got an idea?Got an idea? 11. Get it MADEGet it MADE 12. Find anFind an engineer/designerengineer/designer 13. Local in Austin:Local in Austin: Brooke Make Shift ATXBrooke Make Shift ATX Bailey BrightPDBailey BrightPD 14. Outsource:Outsource: Odesk.comOdesk.com Elance.comElance.com 15. Find a factory!Find a factory! 16. Free ride on existingFree ride on existing engineering and toolingengineering and tooling 17. Resources:Resources: Alibaba.comAlibaba.com GlobalSources.comGlobalSources.com Panjiva.com (secret weapon)Panjiva.com (secret weapon) Canton FairCanton Fair Industry knowledge (secretIndustry knowledge (secret weapon)weapon) GoogleGoogle 18. Is the Factory legit?Is the Factory legit? 19. Other customersOther customers Factory audit ($300)Factory audit ($300) VisitVisit Sourcing companySourcing company SamplesSamples 20. Factory engineering andFactory engineering and design resourcesdesign resources 21. ToolingTooling 22. Protecting your IPProtecting your IP 23. Target marketTarget market Mfr countryMfr country 24. Samples- timingSamples- timing 25. Quick tangent:Quick tangent: Is China the rightIs China the right answer?answer? 26. Days 31-60: Order,Days 31-60: Order, Feedback, ProductionFeedback, Production 27. Never send money youNever send money you cant losecant lose 28. Craft the orderCraft the order 29. PricePrice Payment termsPayment terms Delivery DateDelivery Date L/C (secret weapon)L/C (secret weapon) LiabilityLiability ReturnsReturns 30. What if everything goesWhat if everything goes sideways?sideways? 31. Final sampleFinal sample 32. Monitoring productionMonitoring production statusstatus 33. Arrange inspectionArrange inspection $300/day$300/day 34. Arrange shippingArrange shipping 35. Production andProduction and inspectioninspection 36. Days 61-90: Shipping,Days 61-90: Shipping, Launch PrepLaunch Prep 37. ShippingShipping 38. Freight ForwarderFreight Forwarder ~25 days Shanghai to~25 days Shanghai to AustinAustin 39. WarehousingWarehousing YoursYours Your buddysYour buddys 3PL (secret weapon)3PL (secret weapon) 40. ~25 days Shanghai to~25 days Shanghai to AustinAustin 41. LaunchLaunch 42. Samples by airSamples by air Line up distributionLine up distribution Platforms (secretPlatforms (secret weapon)weapon) 43. Find helpFind help 44. MeMe productsimple.netproductsimple.net [email protected]@gmail.com @productsimple@productsimple 45. OnlineOnline redditreddit 46. Sourcing and industrialSourcing and industrial design companiesdesign companies Silkroadintl.netSilkroadintl.net makeshiftatx.commakeshiftatx.com brightpd.combrightpd.com 47. Defined tasksDefined tasks ElanceElance OdeskOdesk 48. Thanks and good luck!Thanks and good luck!