Project Update: Brief Update
Hey All, wanted to provide a brief update thats also a bit behind the hood on the business end of things (as i do like to share about this stuff to anybody whos interested)
Essentially we got quantity quotes for the accessory packs and they're way more expensive than i was expecting (still doable, they're about $10 per pack), but that puts it about the same cost as producing an owlbear from this manufacturer.
Ive mentioned this in a few other places, but as we've been selling more owlbears over the years, we've come to notice that our owlbear plush costs are quite high. We picked a reputable (pass-through) manufacturer and got good service...problem is, it comes at the cost of them having to make money as well. Which essentially double to tripled our manufacturing costs.
Over the past months Ive been shopping around our owlbear to see what direct manufacturing would charge us to produce the plush and ultimately, it comes at around $2-3/plush (as opposed to the $10 i was paying).
This is something that we're increasingly sensitive to as a large volume of our orders are increasingly retail (and so selling a $35 plush for 17.5 into retail, after freight, shipping and manufacturing, we're only getting about $5/plush.), which is a positive number yes, but we're also trying to recover from $85k that was stolen from us back in 2021.)
I am getting the accessories cost estimated as we speak with the current keychain plush manufacturer. I am hoping to get a better sense of our way forward this month.
Also I put in a bulk order for our pins! so we'll be showcasing them as they're being produced
All the best,
Andreas
Essentially we got quantity quotes for the accessory packs and they're way more expensive than i was expecting (still doable, they're about $10 per pack), but that puts it about the same cost as producing an owlbear from this manufacturer.
Ive mentioned this in a few other places, but as we've been selling more owlbears over the years, we've come to notice that our owlbear plush costs are quite high. We picked a reputable (pass-through) manufacturer and got good service...problem is, it comes at the cost of them having to make money as well. Which essentially double to tripled our manufacturing costs.
Over the past months Ive been shopping around our owlbear to see what direct manufacturing would charge us to produce the plush and ultimately, it comes at around $2-3/plush (as opposed to the $10 i was paying).
This is something that we're increasingly sensitive to as a large volume of our orders are increasingly retail (and so selling a $35 plush for 17.5 into retail, after freight, shipping and manufacturing, we're only getting about $5/plush.), which is a positive number yes, but we're also trying to recover from $85k that was stolen from us back in 2021.)
I am getting the accessories cost estimated as we speak with the current keychain plush manufacturer. I am hoping to get a better sense of our way forward this month.
Also I put in a bulk order for our pins! so we'll be showcasing them as they're being produced
All the best,
Andreas
Previously backed this creator's crowdfunding project
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I don't know if this is helpful info or not, but I'm fine paying a higher price for a quality item with good material and thoughtful craftsmanship. But I'm on the hook now for whatever owlbears you guys come out with regardless! Would love to see all your business dreams fulfilled.
Previously backed this creator's crowdfunding project
They should be able to get the same quality with a direct manufacturer relationship as they were with the pass through, it will just cost them extra time. With the volume they are starting to build towards with retail sales, etc. That time cost is dropping per unit and the lost profit is just constantly increasing.
This is more of a request, including the mossy green and slate grey I purchased around the same time I made the pledge for the project would it be possible to get their adoption papers where I give them their names when it’s ready to be shipped?
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I got a little lost there, but I’d be fine with paying more, as long as I still get my purple owlbear! Hard to believe it’s been over a year already since I backed.
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Misread the date I backed. It hasn’t been quite that long, lol.