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NEW SERVICE FOR INVENTORS: Snoopit Imports procures product directly from factories in China for US based companies. We typically procure product for established companies looking to reduce their cost of goods. Understanding the need for companies with new products to realize the savings by manufacturing in China as well, we now offer a start-up service for Inventors that desire to manufacture their product in China.
Snoopit Imports Inventor service includes:
- Initial client consultation.
- Sourcing a reputable factory in China.
- Factory inspection by a Snoopit Imports employee in China.
- Securing a factory price quote for the Inventors product.
- Securing a factory commitment to produce the Inventors product.
- Facilitating samples based on the Inventors design & specifications.
- sample cost not included although generally a minimal cost.
- Product quality inspection by a Snoopit Imports employee in China.
- Negotiation with the factory:
- price
- quantities
- schedule
- contracts
- delivery
- Assisting with product packaging recommendations.
- Securing non-disclosure agreements with the factory.
- Suggesting product modifications to reduce production costs if applicable.
- Handling tariff classification, facilitate customs and overseas shipping.
Snoopit Imports works closely with our new clients and handles the entire start up production process for the inventor.
INVENTOR Service Fee: $2500. This fee is for NEW inventions (not for established products or companies) and is a one time fee that is refunded to the Inventor on their initial production order. Snoopit refunds this fee on the initial production order because our goal is to handle the production for the life cycle of the product. The initial fee for Inventors is to ensure Snoopit Imports is compensated for the many hours of work we will provide on behalf of our new client in the event the client does not end up producing the product. There is no obligation on the client’s part to proceed with the initial production order nor is the client obligated to use Snoopit Imports to handle future production. We believe the fee to be fair compensation given we have little control over whether the product is produced as this is entirely up to the client. Our guarantee is that our client will have a high quality, professionally produced product that they can ultimately bring to market. Call 407-745-0288 x 4 with any questions or to get your product started today.
Initial order: Depending on the product, the Inventor should budget between ten to twenty thousand dollars for an initial production run once samples have been approved. Of course this is only an estimated range. For example, lower cost products can produce between 800-2000 units @ $12 per unit, higher cost products will yield a lower quantity. Typically procurement is not based on a defined dollar amount, although for these purposes and based on our experience; this is the dollar amount that is generally acceptable and desirable to a factory in China on an initial order. We suggest that if you are not prepared to place the initial production order after Snoopit secures a factory, samples & pricing, you may consider delaying the inventor service until you are ready to move forward.
This inventor service applies to new inventions only that do not currently produce a product or actively sell their product in the market. This service is not for established products or companies seeking to produce their product in China. There is no fee for Snoopit’s services for established products and companies. If you are an established company seeking Snoopit Imports services, please visit www.snoopit.com for our no fee services. Thank you.
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