Starting a new product is exciting, but unexpected production expenses can quickly turn enthusiasm into financial woes.

To keep your product launch on schedule, be mindful of these often-overlooked costs:
Minimum Order Quantity (MOQ) Requirements: High MOQs can lead to substantial upfront expenses. Consider starting with smaller quantities for new products to mitigate risks.
Quality Control and Regulatory Compliance Costs: Include costs for inspections, testing, and certifications. Research your industry's specific requirements and discuss related fees with your manufacturer.
Shipping and Logistics Fees: Transportation costs can significantly impact your profits. Request detailed pricing and consider factors like shipping distance, mode of transport, and potential customs fees.
Customization and Special Requests: Custom packaging or product modifications can incur additional charges. Clearly outline all special requests and obtain separate pricing for each change.
Intellectual Property Protection Costs: Allocate funds for patents, trademarks, and include IP protection provisions in your manufacturing agreement.
By understanding these hidden expenses, you can negotiate better deals and create more accurate budgets. If you're seeking a reliable drug manufacturer, consider partnering with experienced companies that offer a wide range of expertise across various therapeutic areas and drug formulations.
If you are looking for a pharmaceutical manufacturer, consider speaking with us, we have over 30 years of experience, and our product range expands into 60 therapies and over 400 formulations in various forms- tablets, liquids, capsules, externals etc.
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