Manufacturing in China has enabled me to hold my costs down. By doing this, I can better contribute to the economic welfare of people who have interest in my company, including end consumers.
I have learned that excellent supplier relations and open communications are essential to a healthy company. If you understand every aspect of your business, you will be free to pick and choose your suppliers when necessary.
In life, it is easy to be diverted. It’s important to stick to your vision. When I began this project, I had two jobs, and was an MBA student at St. John’s. Between full time employment, school, many hours of homework, and a social life, it was easy to get side tracked.
There were many setbacks due to the level of quality I sought. It would have been easy to accept a less-than-perfect formula, a low gauge plastic tube, a poor quality reel, and lower quality packaging. All these decisions set back my production schedule, but I insisted on a high level of quality for YOYO Lip Gloss.
There is a lot to learn within this industry, and no one spells it out for you. There are many fine lines when it comes to the FDA’s packaging and formula guidelines, importing laws and regulations, and then implementing your own standards into your product.
I am very excited about the future of YOYO Lip Gloss. Our next step will be to market the product effectively and build relationships with our future clients.