If you’re planning on selling a product, remember that there are going to be costs involved in manufacturing it. This is true no matter what product you’re making and selling. You’re inevitably ging to have to take one of two options. The first is outsourcing. This means handing over a product design to a third party manufacturer and paying them to create it. The second is bringing manufacturing in house. This means investing in specialist machinery, specialist equipment like a tungsten carbide nozzle and hiring staff to operate said machinery. The most cost effective option for you will likely depend on the volume of goods you’re producing.
Sure, many business owners will take the bulk of the work on their own two shoulders when they first start out. But eventually, as you establish yourself as a brand, start making sales and see increases in demand, you’re going to have to take on staff to help. One person can only do so much and continuing to do things alone will see poor customer service and problems with reviews and reputation. So, you’re going to have to hire staff - who come with a cost - at some point. Consider part time, full time and even occasionally self employed individuals for one off tasks like web design, new product descriptions or other tasks.
If you continue to grow, you’ll eventually need to expand into commercial premises. Sure, operating from home can work on a smaller scale. But as you grow, you will need more space for yourself and your staff. Whether that’s brick and mortar stores or office spaces.
These are just a few costs associated with running a business. There are, of course, more. But hopefully, some of this information will help you to get the ball rolling in the right direction!