Assemble A Product
There are scores of new opportunities in the growing market in packaging products for convenience . At one time when a person wished to put up two shelves, it was necessary to purchase a board, a box of two dozen screws of one size and another of two dozen screws of a second size (though you may only have need for half a dozen of each for the two shelves) and a package of a dozen shelf supports. Now any building supply store will be happy to sell you a two shelf kit, in one package containing exactly what you need, no more, no less.
People are quite willing and even happy to pay a premium for the convenience of finding all the parts packaged in one kit. Assembling these kits involves a little ingenuity and using your purchasing skills to buy parts or components in bulk and assembling them to produce the finished convenience kit/items. It can also entail providing an assembly service for parts purchased by others.
Some Examples
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Kits are appearing on the scene in all fields; there are first aid kits, wilderness survival kits, wheel replacement kits for in-line skates, log home kits etc.
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A mechanic offers an assembly service for customers who purchase car kits while many computer hackers offer services adding components and configuring computer systems for users.
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A company formed by a recreation student brings in playground equipment kits consisting of pipes in various shapes, and assembles large custom playground structures.
How To Do It
- Look for products which are made of several parts and meet one or more of these conditions:
- the assembly process is cumbersome and expensive for individuals, and there could be an interest in a central assembly service;
- the product is assembled from parts made in different locations and you are centrally located to become a convenient assembly point;
- the product needs to be assembled into its finished form before being shipped from your area to other locations;
- it is too expensive to ship the assembled product into your area as a completed unit, but the unassembled parts can be shipped less expensively and then be put together by you; (customs duties for imported components are considerably lower than those for finished products);
- the product is sold unassembled to consumers, but the average person is not
- willing or able to assemble it; or
- the assembled product is a bulky item which is difficult to transport, but the separate parts are easy to ship.
- Analyse various products and assembly operations to find situations where you can save yourself or someone else time, effort or money by setting up your own assembly operation.
- Identify and talk to potential customers for the assembled product to determine whether there is a need for the item.
Key Questions
What product could I assemble to save someone time, effort or money?
Is there a market for the product?
Have potential customers stated that they would buy the product?
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