Start with a business plan. How will you make money? Where will you manufacture the product? How will you sell it? Now is a good time to decide if you will manufacture and sell the product yourself, or license it for sale through another company. When you license your product you will probably only receive two percent to five percent in royalty fees. This often scares away inventors who feel they deserve more. But consider the upside: you will not have the financial burden associated with maintaining a business. This could end up making you more money in the long run.
Hi Isabella! Thanks for reaching out! We will sell products either to wholesellers or directly to consumers. The products will be manufactured in China since we have direct access to the factories. send us an email at business@chinagatekeeper.com if you want to know more. All the best, Magnus
Start with a business plan. How will you make money? Where will you manufacture the product? How will you sell it? Now is a good time to decide if you will manufacture and sell the product yourself, or license it for sale through another company. When you license your product you will probably only receive two percent to five percent in royalty fees. This often scares away inventors who feel they deserve more. But consider the upside: you will not have the financial burden associated with maintaining a business. This could end up making you more money in the long run.
Hi Isabella! Thanks for reaching out! We will sell products either to wholesellers or directly to consumers. The products will be manufactured in China since we have direct access to the factories. send us an email at business@chinagatekeeper.com if you want to know more. All the best, Magnus