Growing a business is a tough task. It’s a delicate balancing act that can go horribly wrong if you’re not prepared to face the consequences of a potentially poor decision. You might decide to scale your business too early, or your lack of action might put you in a bad spot in the industry because other companies took the initiative.
It’s stressful to start and grow your business, but it can be manageable as long as you’re willing to take it slow and analyze all of your opportunities. One way to show that your business is ready for the big leagues is to try and take production into your own hands. There are many benefits to this that we’ll explain below, but is it really something that’s worth your time?
Do you need more personalization on your items?
No matter if you’re selling baked goods or shirts, there’s probably some level of personalization that you add to all of your products. This personalization can help set you apart from the competition and also make your products more unique.
For example, if you’re selling shirts then having recognizable labels is going to make your products feel like drop-shipped goods instead of premium products that are made in the country by your own factory. Similarly, trying to create products from mass-produced pre-fabricated parts instead of designing those parts yourself will make your items look boring and cheap.
If you’re in need of more personalization then we suggest taking a look at the services that can provide you with a completely personalized solution that can be plugged into different areas of your production chain. For example, Naimor provides sheet metal solutions that can be used to create custom products, and there’s also the possibility of creating screens to print shirts with instead of relying on a drop-shipping service.
Do you need to scale up production?
Most small businesses and startups will rely on other services to get parts for their products which will be assembled in their own offices. For instance, you might buy blank clothing items from one company and then purchase print-on items to customize them with. While this is a great option to start with, you’re paying money to multiple different businesses and being charged a fee for creating your product.
If you want to scale up your business to match your marketing efforts, then a smart way to do so while also saving money is to cut out businesses from your supply chain. Buying and processing the raw materials will likely be the cheapest option, but it does involve bulk orders that may be more expensive than what you’re used to. However, in the long run, it can provide you with huge savings if you’re willing to put the products together by yourself.
In short, if you find that you need your products to stand out from the crowd or if you want to scale up your production, it’s a good idea to start looking into taking over the manufacturing process of your products.
