Every entrepreneur who launches a crowdfunding campaign would like to see it make 7-digit figures. A tremendously successful project normally means market success as well. A good brand is built and costs can go down by gains of scale.
An entrepreneur should be careful, however, with shipping dates. Setting up a schedule for some hundreds of units can be much easier than handling tens of thousands of units. A lot of things can go wrong when the number pile up.
Our advice for an entrepreneur trying to raise money via crowdfunding is planning for all types of scenarios. You should plan for failure, so you don’t waste too many resources before actually putting your hands in the money that will make your project take off; you should plan for success, so that you have everything planned to deliver your product; and you should plan for a scenario where you get many times you goal.
In order to make everything go smoothly, you should contact more than one supplier and get your quotes. That should be done before you start your crowdfunding campaign. Quote each different supplier for different numbers of units, and make sure they can deliver the quantities promised on time. If not, check if you can make the number of units planned by using more than one manufacturer.
Likewise, you should pay close attention to distribution. You can save a lot of money if you send in bulk quantities. Most major carriers, such as USPS and Fedex have bulk shipping plans to deliver both in the US and in the rest of the world, by low rates when compared to traditional shipping. They can deliver any type of product in any dimension, so quote accordingly.
Last, quote a good fulfillment center, one that has the capacity to pack your product in a professional way and has a structure to deliver thousands of units per day. There are dozens of them available in any US and Chinese city. They can run your operation smoothly. Some of those centers have special deals with carriers, so check their rates too.
Source: ICNW
