Finally found some retail pricing for industrial products made of recycled plastic. I can work backwards to figure out how much it might cost to make the products.
Ugh! With these margins, I can’t see how I can possibly sell enough industrial products in the ACT to justify the cost. And if I go beyond these borders, I will be directly competing with established brands and manufacturers that can do it better and likely cheaper.
I had coffee with some friends this afternoon that used to work for the ACT Government in the waste management space. I explained my dilemma with industrial products ,and then I mentioned a random idea I had about another product – one for consumers. They liked that idea for Product #1.
Went to another networking event with the entrepreneur group tonight. Told one of the organisers about my consumer product idea, and he suggested that I set up a formal meeting with their business accelerator group