Wednesday, October 15, 2014

The No. 1 Mistake to Avoid When Manufacturing Your Product Overseas

iStock/Thinknstock
Shark Tank's Lori Greiner, inventor of the smash-hit earring organizer, talks about the No. 1 mistake to avoid when manufacturing your product overseas.  She says:
Manufacturing overseas -- in say in Cambodia, China, Bangladesh, Honduras or India -- is often cheaper. But it’s not necessarily easier. Making the leap is the business equivalent of a trust fall.
She goes on to say that when you manufacture overseas, you trade lower cost for higher risk.

Read the entire article:

Shark Tank's Lori Greiner on the No. 1 Mistake to Avoid When Manufacturing Your Product Overseas

Related articles:

No comments: