Whenever someone starts a new business a large amount of capital is invested in it and its quite frustrating. Doctoring a patent is the first step of any business, then comes building an expensive prototype and a year later you finally get your distribution chain figured out. Your bank would definitely account it as all-time low, and there would be a question thrown from the retailers: Does your product has a Universal Product Code (UPC) attached to it”. You are in trouble if you’re not educated on where to get those ubiquitous black & white stripped identification labels.
UPC is a unique 12-digit barcode by which a retailer can easily manage the sales as well as the inventory of a product. It’s a wonderful technology which allows retailers to keep a track on your brand new invention. Your products would be then scanned before selling with scannable checkout systems and for this you would need to buy one barcode per item and one for each variation. The aspects of every color, size, and style would be included in it.
Going back, years ago, it was a rule that every company had to go through the source: The U.C.C. (Uniform Code Council). A half of 12 digit code with a prefix was provided. All your company had to dish out was to shell more money to buy software which created the remaining digits. After everything was assembled there was still one final step left and that’s the printing of the barcodes. The cost of the printer for printing these barcodes is at least a few hundred dollars and a label printer is required for that.
Long back it was a scenario that you could join the U.C.C. for a flat fee around $1000. But later on the U.C.C. was bought out by GS1 US and those cheap one-time fees are long gone. Joining GS1 US now a day is a little shell out of your pocket and it comes with a yearly renewal. But why not buy UPC barcodes from the online companies such as UniqueProductCodes.com for a fraction of the cost?
The truth remains that Participating in Universal Product Code (UPC) standards allows small businesses to move ahead in a good way and to flourish. Its always better to make one-time purchase of a few hundred dollars instead of a few thousand throughout the years. It’s a little smart thinking on your part and it is something to think about.