The No. 1 Mistake to Avoid When Manufacturing Your Product Overseas

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Shark Tank's Lori Greiner, inventor of the smash-hit earring organizer, talks about the No. 1 mistake to avoid when manufacturing your product overseas.  She says:

Manufacturing overseas -- in say in Cambodia, China, Bangladesh, Honduras or India -- is often cheaper. But it’s not necessarily easier. Making the leap is the business equivalent of a trust fall.

She goes on to say that when you manufacture overseas, you trade lower cost for higher risk.

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Shark Tank's Lori Greiner on the No. 1 Mistake to Avoid When Manufacturing Your Product Overseas

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