What is the cost of novelties? An explanation of the breakdown of production costs and tips for reducing expenses.
When creating a novelty item, if you only look at the price of the product itself to set your budget, it may exceed the expected amount.
Therefore, when creating novelties, it is important to choose products that fit your purpose and budget, not just by simply looking for "cheap products," but by understanding the breakdown of production costs. Explaining the difference between the cost and production cost of novelties 【Basic Knowledge 1】 What is the cost of novelties Cost generally refers to the expenses necessary to provide goods or services. It is important to confirm "how much the company will ultimately pay for production." 【Basic Knowledge 2】 What is the production cost of novelties The key is not to decide on a budget based solely on the product price, but to consider all the necessary expenses from production to delivery as a whole. 【Basic Knowledge 3】 Reasons not to judge solely by cost By choosing products that are used for a long time, such as tote bags or tumblers, you can maintain a longer connection with the company.
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basic information
Breakdown of novelty production costs: 5 items 【Breakdown 1】 Cost of the product itself It is important to confirm the estimate, including the desired materials, sizes, and specifications. 【Breakdown 2】 Printing and personalization costs It is essential to consider what kind of design will be applied, where, and by what method. 【Breakdown 3】 Initial costs such as plate and mold fees When comparing estimates, it is important to compare the total amount including initial costs, not just the unit price of the product. 【Breakdown 4】 Design and data creation costs By discussing not only "what kind of novelty to create" but also "what it should look like," you can produce a product that better meets your objectives. 【Breakdown 5】 Packaging, packing, and shipping costs In the estimate, be sure to check not only the product price but also the costs required for delivery.
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Applications/Examples of results
Five Ways to Reduce the Production Costs of Novelties [Method 1] Set the Appropriate Production Quantity Reducing excess inventory can also lead to cost savings. [Method 2] Utilize Name Printing on Ready-Made Products This is an easy option to consider when you want to create a sense of originality but need to keep the budget in check. [Method 3] Review Printing and Processing Methods For example, if the goal is brand recognition, you can effectively express your company's identity by simply placing the logo and brand colors without complex processing. [Method 4] Avoid Increasing Specifications Beyond Necessity Prioritize the functions that the target audience actually needs. [Method 5] Compare Estimates with Multiple Conditions Instead of judging based on a single product, comparing multiple patterns with varying conditions is key to keeping costs down.
Company information
Koshioka Sangyo Co., Ltd. has been responding to various customer requests for over 50 years since its establishment, manufacturing products from parts to finished goods through made-to-order production. Leveraging that experience, we have now centralized the entire process from market research for "delightful products" starting with product creation, to planning/design, design, prototyping, production, and shipping. Our efforts have been well received by companies such as amusement parks and restaurant chains. Additionally, we have embarked on a novelty (MONOCOTO LAB) business to assist customers with their challenges, enhancing added value, defining their existence, and contributing to society. We are also focusing on design development and advancing our own product commercialization, which has been appreciated by companies in the entertainment industry and beyond.
