Office Space Expenses

$0

$7,000

Inventory Expenses

$350

$14,750

Software Expenses

$150

$2,794

Website Costs

$13

$215

Advertising & Marketing Costs

$0

$2,450

Total Startup Costs

$513

$27,209

How Products Are Made

madehow.com

66,173

Verisk

iso.com

87,954

Door Hardware Knobs & Pulls Products & Services

emtek.com

133,414

MTD Products US

mtdproducts.com

230,225

Activation Products

activationproducts.com

235,344

OCUSHIELD

ocushield.com

273,064

HALYARD

halyardhealth.com

322,041

Eco-Products Store

ecoproductsstore.com

459,043

Rimmel London: Makeup Products, Trends and the Latest Looks

rimmellondon.com

593,309

Tuffy Security Products

tuffyproducts.com

650,453

Biodegradable Products Institute

bpiworld.org

743,895

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a products costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.

Rewarding work

Starting a products can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A products gives people a reason to visit your website and to keep coming back to you!

Crowded Space

Competition is high when it comes to your products, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Finding The Right Supplier

Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Lack of benefits

With a products, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a products, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a products, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.