www.InjectionPlasticsUSA.com
Identity: We injection-mold quality plastics parts in the USA.
Problem: It’s becoming challenging to source production in China. The trade war has placed high import fees on most goods. Covid-virus concerns have reduced the number of ships transporting goods and increased delivery times, increased inspections and inspection times, and documentation. China has begun protectionist measures like directing their domestic manufactures to focus more on promoting domestic demand.
Solution: We work with businesses to move their production needs back to the USA, with committed customer service, CAD engineering, injection mold building, and a plan for transitioning their inventory production from China to our USA facility.
Target Market: Businesses that currently source inventory from China, and now have dissatisfaction and trouble with using a foreign source.
Competition: These businesses are bottling up frustration and absorbing the higher costs/tariffs, and increasing lead/shipping times. There are many injection-molding companies in the US, but they don’t know how to compete with the Chinese and they don’t invest much effort in marketing.
Sales & Marketing: We subscribe to a service that reports all USA businesses importing plastic-injection molded parts from China, with dates and quantities. Then we use software to analyze that data to find businesses that are experiencing long lead times between ISF filing and delivery, that are suddenly receiving smaller quantities of goods, that are having trouble clearing customs, that have goods subject to high import customs fees, etc., and then we contact them directly (phone/visit) offering to help.
Team: Mike Collier: Has an MBA and owned and operated a Lithium battery import/wholesale company for 10 years, and has worked for an injection mold company. Stephen Collier: Four years’ experience B2B direct sales. James Collier: Mechanical engineering student at UVU and worked for an injection molding company.
Revenue: Primary revenue from turning plastic pellets into plastic goods and marking up for profit. Produce 1-3 million pcs/month. Each injection-mold machine we operate should net $17k-18k profit per month. Secondary revenue from building molds.
Expenses: Injection machines, warehouse, molds, insurance, plastic pellets, payroll.
Milestones: | Status
- Develop 1-2 large customers to start working with | Completed
- Find 1-2 solid USA sources for plastic pellets | Completed
- Find local warehouse location | Completed
- Get $250k-350k investment capital (SBA/Angel/etc.) | In Progress
- Build 18 injection molds for secured customers | In Progress
- Buy six injection mold machines to start with | Not Started
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