Hey everyone,
Just want some general opinions about starting a bev company. Im really passionate about drinks and feel like I could have a product that fills a niche or might just be a good beverage in general.
I read previous post about needing capital because of production/distribution/marketing. Most people saying you’ll just fail and waste money.
My plan would be to spend around 50k for formula creation and the first assortment/marketing. Think this is enough? I’d also do local events/festivals with booths and check local stores to see if they’d carry my product.
First, wow! Congrats on taking the leap! The soda sounds awesome. When it comes out let me know, I’ll try to pick up a case.
Thanks for all the information! The price per flavor is also super good info. I’d probably start with three as-well!
Yeah I’m actually starting the process of creating the “brand” before getting the drink so I know what more of a directions I’m going and also get started more on the business side first(trademarking and creating a logo/website; all still new to me).
Also dang, i didn’t realize 15k cans wouldn’t even be close to enough haha. Investor money would suck(eating your profits directly) but its grow the biz and also get you more money in the long run too(which im sure you know).
Best of luck to you! Would it be okay to reach out during the process if I have questions?
Feel free to reach out. I am happy to share from my journey. 15,000 cans is basically 5000 per flavor. Or about 420 cases per sku. Margins get way better with volume. Normal MOQ’s of real production runs are about 200,000 per sku! That is basically a full truck. So when you print cans normally, that is the volume you deal with. You could order the 200k cans and do a couple production runs to help. The cost per can for 15,000 for me is about $1.30/can. (I will lose money on each case i initially). At full ramp production, cost drips to about $0.55-$0.60 for me. For instance, regular offset printed cans like a Coke can might cost $0.10. But with low volume, you have to use shrink wrap cans or digital printed cans. Those are closer to $0.35. Oh… I learned all about can lids too such as 202 LOE vs CDL. I wanted gold lids which turned into a hassle. One nice thing about this business is due to the timeframe, you can sort of pace yourself especially if you work full time. Ince you go live, it will likely take more time. But for now, website, branding, formulation, are less time dependent.