Dermatological skin care is a booming industry, but it can be difficult to know where to start when choosing a supplier. Do you opt for an OEM partner, who will produce and package your products under your own brand name? Or an ODM partner, who will create products to your specifications but not necessarily under your branding? It can be tricky to decide, but there are a few factors to consider which will make the choice easier.
Starting a new skin care business can be a daunting task. One of the first decisions you’ll need to make is whether to manufacture your products in-house or partner with an OEM or ODM. Both have their pros and cons, and it ultimately comes down to what’s best for your individual business. Here are a few things to consider when making your decision.
Before you start working on your OEM products, speak with a commercial lawyer with experience of working with manufacturers. You should draft and sign a contract with the OEM Manufacturer, protecting your intellectual property, as this will be beneficial to you in the long run.
2.Consider the Commitment
Besides, some OEM suppliers will require large amount of products order for manufacturing. So, you will need to make sure their minimum order quantity (MOQ).
Are the products manufactured batch by batch? What is the average price? How long you will have to clear the payment? What are the additional charges? You will need to know all of them.
Know your target audience and customers, if your target customers are Muslim, you will need to consider the HALAL certifications of the OEM supplier. You need to understand the sources and details of the ingredients, and make sure they are all safe for your products
Your OEM supplier should be looked at as a partner and an asset to your team. However, that will only be the case if you factor in the people when making your decision. When evaluating potential suitors, consider the culture. Do they operate under certain procedures or beliefs? What level of service do they strive for? You’ll want to make sure these elements align with your own beliefs and expectations.
Lastly, picking the right OEM partner is essential for the success of your business. Here at Biocoslab, as a professional cosmetic product manufacturer in Malaysia, we support our customers through the entire process from concept to a finished good product.
Our cosmetic solution services include
● Product & concept formulation
● Component packaging design & engineering
● Packaging design
● Full-service manufacturing in the US, Asia & Europe.
Hurry up and contact us for more information!