DCNCP
10-05-2020, 08:06 PM
Hi everyone,
I posted several months ago about wanting to start a little fixture business that provides small workholding products for the industrial/hobby machining market. The update is that I have one returning customer (an online retail business) and one product that I have worked on for weeks to reduce cycle times to make selling to retail possible. My customer has six employees and has done close to a million in sales before I entered the picture. This all started when I reached out to him through email and he replied back with an interest in what I had. So, I sent him a prototype and he was pleased with what he saw. Then, COVID hit and CA shut down which delayed his business in making purchases. After he was able to start doing business again we reconnected and he put in a PO for 4 units to see what reaction he would get out of his customers. To my surprise, they sold out in a week. So, he sent another PO and increased it to 10 units. This happened just a few days ago.
So, I am very happy with this start. I see it as building a business relationship and reputation more than profits because I am not really making all that much per unit. Also, I have concerns that it will not be long before the sales cycle starts to show its maturity and eventual reduction which has brought me to ask on here about becoming a supplier for other businesses.
I could make a living off of my product if I had about ten returning businesses. The trouble is that my current customer is the only one that has shown interest in my product (B2B that is). Enough interest to follow through anyway. I am trying to figure out why that is and if I am approaching this incorrectly. I have had individuals say that my fixture kit is nice and the price is good.
I gave a machinist one as a gift and he was nice enough to actually include it in his YouTube video. It can be seen at the 4:22 minute mark. I figure it would be much easier to just watch the 30 seconds of him explaining what it is.
https://www.youtube.com/watch?v=NxGppU9W3Ok
This is the normal reaction I seem to get from people that have brought from me. Now, I am trying to figure out how I can get businesses to listen and give it a try.
My fear is that I may be in a catch-22 situation. What I mean by that is that no one wants to bother with me because I don't have a name in the industry and I have to have a name in the industry to get attention from businesses that may wish to stock the product.
I posted several months ago about wanting to start a little fixture business that provides small workholding products for the industrial/hobby machining market. The update is that I have one returning customer (an online retail business) and one product that I have worked on for weeks to reduce cycle times to make selling to retail possible. My customer has six employees and has done close to a million in sales before I entered the picture. This all started when I reached out to him through email and he replied back with an interest in what I had. So, I sent him a prototype and he was pleased with what he saw. Then, COVID hit and CA shut down which delayed his business in making purchases. After he was able to start doing business again we reconnected and he put in a PO for 4 units to see what reaction he would get out of his customers. To my surprise, they sold out in a week. So, he sent another PO and increased it to 10 units. This happened just a few days ago.
So, I am very happy with this start. I see it as building a business relationship and reputation more than profits because I am not really making all that much per unit. Also, I have concerns that it will not be long before the sales cycle starts to show its maturity and eventual reduction which has brought me to ask on here about becoming a supplier for other businesses.
I could make a living off of my product if I had about ten returning businesses. The trouble is that my current customer is the only one that has shown interest in my product (B2B that is). Enough interest to follow through anyway. I am trying to figure out why that is and if I am approaching this incorrectly. I have had individuals say that my fixture kit is nice and the price is good.
I gave a machinist one as a gift and he was nice enough to actually include it in his YouTube video. It can be seen at the 4:22 minute mark. I figure it would be much easier to just watch the 30 seconds of him explaining what it is.
https://www.youtube.com/watch?v=NxGppU9W3Ok
This is the normal reaction I seem to get from people that have brought from me. Now, I am trying to figure out how I can get businesses to listen and give it a try.
My fear is that I may be in a catch-22 situation. What I mean by that is that no one wants to bother with me because I don't have a name in the industry and I have to have a name in the industry to get attention from businesses that may wish to stock the product.