Episode description

Mark Amouzgar is CEO and Founder of March.Health. After seeing his wife suffer from a severe level of menstrual pain every month, Mark started March.Health with the aim to help women with the process of managing menstrual pain. With an app and a wearable device that emits low wave electrical impulses and a heating pad, March.Health aims to reduce the physical pain suffered during menstruation and the emotional and psychological effects that may come with it.

Join us as Mark shares about his story and his work behind March.Health, his tips behind manufacturing and quality control, and how you should negotiate with your manufacturers. 

Resources:

https://march.health/ - Check out March.Health! 

Actionable Take-aways:

1. If you want to bring down the uptake price of your product or service so that you can onboard more customers, consider a subscription model with a lower entry price point instead of a high one off fee. While you may lose some revenue for customers who do not stick with the platform, the customers who do stay on may end up paying you more in the long run.

2. When dealing with your manufacturer, always have eyes on the ground to check the batches of products made.  Also make sure that they have the relevant expertise if your product is in industries such as healthcare like Mark.

3. Be upfront with your manufacturers on what you want the performance and lifespan of the product to be. If you only negotiate for the lowest manufacturing cost, they will likely use lower quality materials that will affect your product’s quality at the end of the day.

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