mimibcreative@gmail.com
@_Michelle Bali
How it's made
Michelle Bali
Creative Strategist
Learn from my failures.
Go from idea to inventory when you learn the basics of making a product for sale, including how to source ingredients, work with warehouses and more.
Phase 1: the idea
Phase 2: research
Phase 3: procurement
Phase 4: manufacturing
Phase 5: delivery
Sourcing | Too costly (small batches) Profit margins were too low |
Making | QA of packaging was poor Communication with partners was poor |
Delivering | Too long of lead times |
What would
I do different?
I put aside $5,000 to build supply chain | I should have been less conservative with initial investment in building the supply chain |
I focused only on ethics in the supply chain, and neglected the rest | I should have focused on quality, timeliness, ethics, cost, going into business with the right partners |
Write the problem here and elaborate on it. | Discuss the solution that your company will bring. |
How to build a
supply chain
01
Identify your product or service
- Passion
- High profit margins
- High demand
02
Identify suppliers
- Trustworthy
- Strong communication
- Timely
- Pricing
03
Determine the logistics and transportation requirements
- Cost
- Time
04
Establish inventory policies
- Warehouse
- DIY
How to build a
supply chain
05
Implement technology
- Shipstation
06
Monitor performance
- Cost
- Time
- Don't be afraid to switch partners
07
Continuously improve
- Technology
- Processes
Where can I find a supplier/manufacturer? Online Marketplaces: CJ Dropshipping/Aliexpress Tradeshows Word of mouth Google search Justin P on Instagram | How do I ensure that the product I develop will sell? Exploding topics Google Trends Real world interactions Test it on social media |
How do I protect myself? Ask for samples first Build friendly relationships Put deposits down first, then pay in full whenever possible | How to make supply chain more... Environmentally sustainable: use local distribution centers, reduce packaging waste, minimize inventory Resilient: diversify how many manufacturers or suppliers, have a plan in place for worst case scenario (i.e. supplier goes out of business) |
Resources
Book a one-on-one
- Figure out who your brand is and what you want to sell
- Making social media content go viral
- Find out why you're not making enough sales
- Build e-commerce presence
michelle.bali374
@gmail.com
213-571-5203