Starting a new business can be difficult, especially, when it comes to releasing new product to the market. Beverage industry is full of different beverages variety. It is really challenging to predict the success of your product. Due to these reasons, product analysis on its consumers can save a lot of money and time, in case the product would be rejected by the target market.
Benefits of Pilot Plants
- 1) Low financial risk. Producing huge amount of new product can increase financial risk due to unsold quantity. Also, filling a small quantity of new product costs much less than starting the industrial production. Some of entrepreneurs do not have enough money and must take a bank loan for production. Trying market with pilot plant can help to avoid loans with high interest rates due to small investment requirements.
- 2) Low minimum order quantity. Not knowing whether your product will be successful or not is a normal thing. Before releasing a huge quantity of your product to the market, firstly it would be smart to test it. Low minimum order quantity gives you the opportunity to see the reaction of the target market with lower investments. After analyzing sales results it is much easier to make decision whether the product is suitable for your market or some changes have to be made.
- 3) Feedback from consumers. This is the most important part of pilot plant. The product is created in order to satisfy the consumer. Any feedback has a huge value trying to adjust the recipe for the industrial production. After gathering feedback from consumers, it is much easier to make needed changes for your product before starting the industrial production.
MyDrink Beverages can suggest two pilot plant solutions:
250 ml aluminium cans, Minimum order quantity 3000 cans
PET bottles, Minimum order quantity 1500 bottles