How Much Will It Cost?
Product development is exciting and when done right, can significantly increase your brand value and business profitability. Consumer demand for new products is at an all-time high, presenting eCommerce sellers, small and midsize businesses, and entrepreneurs an incredible opportunity to innovate.
One of the first questions people ask us is, “How much will it cost?” Before you can know what your investment will be to create a product, we have to first determine the complexity and scope of the product. Gembah will work with you to evaluate your product idea, walking you through what it will realistically take to bring it to market, whether this is the first time you are developing a product, or you are developing a product in a new category
We want to make sure you are budgeting not only for our services but for all costs involved in taking a product to market. We provide a la carte services and charge fees for research, product design, sourcing, and production management. Often, there are additional fees from the factory for tooling and samples. Gembah can help you estimate those fees upfront so they don’t come as a surprise.
We often work with our customers to find factories that accept smaller purchase orders, but as a general rule, you should expect that any overseas factory will demand a first purchase order of at least $10,000.
With so many details to consider, having Gembah at your side ensures you can bring the best products to market in the fastest, most economical way. The Gembah team has more than 50 years of combined manufacturing, design, and engineering experience. We know what it takes to build a product, and we will be honest and transparent with you to set the proper financial and timeframe expectations.
Our goal is to partner with you to bring your idea to life in the most efficient and cost-effective way possible using our network of experts, our technology, and our best practices.
What Goes into Making a Product?
Every product idea is different and requires varying levels of resources. Market and product research, multi-faceted product design, factory sourcing and negotiations, manufacturing and production management, and logistics are just some of the elements involved in bringing an idea to life.
Depending on your product, you will require multiple experts along the way, such as an account manager, data analysts, industrial designers, mechanical engineers, a global sourcing agent, local manufacturing management representatives, compliance and quality control experts, and logistics professionals.
Gembah saves you time, money, and frustration by connecting you with all of the resources you need to create a product and get it into the hands of consumers – with expert guidance every step of the way.
There is much that goes into developing a product, and most products will require at least $10,000 to create. More complex products can cost upwards of $100,000. Many of our customers are already in development of a product and have some design files but not a complete design specification. In those cases, we can often help you complete the design at a lower fee and get it ready for production. Let us review your files to provide a quick estimate of what it would cost to complete them.
Customers can use Gembah from A-Z, from research to manufacturing, or purchase services a la carte. The following provides a rough estimate of what services may cost. Of course, pricing varies based on the complexity of the product.
- Research – $3,000 – $10,000
- Design – $5,000 – $50,000
- Sourcing & Production – For one-time transactional customers, we typically charge a small percentage of each purchase order. For customers with multiple SKUs and/or ongoing production, we charge a recurring monthly fee. For companies with multiple SKUs that are continuously in production, the Gembah subscription model offers superior value and deep volume discounts with no purchase order fee.