Increasing Your Revenue: More Time for Sales by Outsourcing Production

If you found out there was a company who could produce your product for less than you could, would you hire them to do it for you?

Wait a minute, you say … since I’m not yet in the position to pay MYSELF for the hours I spend producing my product, no one can produce my product for less than I can.

However, if the time you spend producing your product is measured in terms of the trade-off associated with the lost opportunity cost of time spent SELLING your product or developing new product ideas, you might consider it differently.

Your next consideration would be the set-up cost or lot size requirements most fabrication or production houses charge. Enter Etsy. Yes … that Etsy. The website where you can set up shop to sell your handmade items. They have expanded the concept and now have shops for manufacturers.

Whether your product is apparel or textiles, jewelry and metalwork, printing or requires machining or fabrication they have manufacturers who have set up shop. You just go to www.etsy.com/manufacturing and enter what you need and they provide a list of manufacturers who meet that criteria.

It could potentially be the revenue increasing solution your start up is seeking.

Published by Leah Ward-Lee

Leah Ward-Lee, the author of "$1,000 Start-Ups", is a serial micro-entrepreneur. She opened her first business at ten after lobbying for and receiving a shoe shine kit for Christmas. She pulled her wagon through the neighborhood, going door-to-door, offering to shine her neighbor’s shoes for twenty-five cents a pair. Once her wagon was full, she took the shoes home and polished them. Unfortunately that business was short-lived. She hadn’t tagged the shoes and couldn’t remember whose shoes were whose, so her dad went with her to retrace the route until every pair was returned. Since then she’s had businesses developing and teaching college courses, instructing aerobic classes, owning half a plane that was rented to a flight and maintenance school, and renting homes. She’s also owned a consignment store, a gift shop, a gift basket business, a consulting firm, hosted The Executive Toolbox (a weekly radio show), and a publishing company. She also spent twenty years in the US Army, served as the Chief Information and Technical Officer for two major insurance companies, and has a second career as a management consultant. Leah resides in Dallas, TX and on Amelia Island with Sammy and Goliath, her two rescue dogs.

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