As Ben Joffe shows in his presentation below, prices of quite a number of consumer products have come down very rapidly. The XiaoMi Yi camera for example equals or bests the GoPro Hero on virtually al…
You have a great idea and are looking for opportunities to develop your product in China.
Your challenge is to determine your development budget, starting with the design, Bill Of Materials, prototyping and determining the size of your first production batch. Only a small percentage of startups make it to production, let alone build business continuity.
Quality factories in China work with high minimum order quantities. Titoma has spent the last 15 years developing close relations with these factories by proving itself a partner which consistently places the recurring orders they are looking for. This in turn means that we need to work with clients with proven sales records.
We work with established companies
We work with companies that have a certain maturity level, meaning a validated business model and the proper funding to invest in product development, inventory and marketing. Our complete package of design, development and production ramp-up services generally starts at US$ 150,000.
If you are still in the process of building a prototype, fine tuning your business model and finding funding for your business, we recommend you pass those milestones first.