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Run for the Border

Domestics too costly? Look into foreign manufacturing.

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This story appears in the March 2002 issue of Entrepreneur. Subscribe »

Inventors are often unable to get their products to market because they can't produce them at a low enough cost. As a result, they face three unappealing choices: Sell the product for no profit, price it above what the market will bear, or abandon the idea.

If you're thinking there must be a better way, there is-find someone to manufacture your product for less money. Sometimes inventors try to set up deals with U.S. manufacturers to make the product for the least amount possible. But when that avenue fails, take heart: It just might pay to set your sights overseas-and hire a foreign manufacturer instead.

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