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L3i New "Stinger" Barreled action

I like this take on it.

Crowd funding is definitely taking money without a proven production quality product in existence. We will not undertake in this practice, as it is assuming too much risk.

Once a viable production level product has been produced and full production is underway then I say we move to a pre-order situation. Pre-Orders are a necessary evil in many cases for smaller companies undertaking aggressive projects. I think they should be done in a responsible manner to minimize risk to both customers and the business.

Then you have back-orders for
When the product that is already on the market and in public hands is ordered during a production cycle.

We have had a ton of people reach out wanting to pre-order and trust me, it would help us breathe easier knowing the revenue streams are flowing in, however we are not comfortable taking any money until we are 100% confident we can deliver a quality product in a reasonable time frame to our customers. We are only initially manufacturing 200 to begin with to minimize our exposure, once those sell we will immediately begin the next production cycle. I am throwing ideas on how to make the initial 200 foundational costumers get a special token of our appreciation. Ideas are welcome (challenge coin, commemorative magazine etc…)
I wouldn't waste time with a special token. Just put all your effort into making sure this barreled action is 100% functional, that would be token enough.

Really looking forward to seeing how they shoot!!
 
Got our action back from DLC, runs super smooth!!!
 

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I like this take on it.

Crowd funding is definitely taking money without a proven production quality product in existence. We will not undertake in this practice, as it is assuming too much risk.

Once a viable production level product has been produced and full production is underway then I say we move to a pre-order situation. Pre-Orders are a necessary evil in many cases for smaller companies undertaking aggressive projects. I think they should be done in a responsible manner to minimize risk to both customers and the business.

Then you have back-orders for
When the product that is already on the market and in public hands is ordered during a production cycle.

We have had a ton of people reach out wanting to pre-order and trust me, it would help us breathe easier knowing the revenue streams are flowing in, however we are not comfortable taking any money until we are 100% confident we can deliver a quality product in a reasonable time frame to our customers. We are only initially manufacturing 200 to begin with to minimize our exposure, once those sell we will immediately begin the next production cycle. I am throwing ideas on how to make the initial 200 foundational costumers get a special token of our appreciation. Ideas are welcome (challenge coin, commemorative magazine etc…)
Just curious due to the manufacturing side. How fast is it to spin up 200?
 
That’s not terrible. It’s neat to see all the machining and production side. You’re doing everything right. It’s exciting hopefully I’ll be able to snag one of the first run.
Unofficially there's a pile of bodies done, blanks ready and 90% of the bolt parts done. We don't want to overcommit to a date but I think people would be happy with how close the production batch is to being completed.
 
I have heard some comments about the Stinger Action being a “variance” of the current PTG 40X repeater. I can ensure everyone that is not the case. Both actions share the same common ancestor however we went a different route on every single component. The Stinger is not a 40X conversion. It was redesigned to be a reliable repeater. We kept the design simple and made sure it was well executed. Every component in the Stinger action is unique to us, we left nothing untouched. Our goal was to bring to market a simple, yet reliable and well polished 700 platform action to market at a fair price point that we could develop as part of our complete rifle ecosystem. We have plans that go beyond this initial project but currently this is where our focus lies. I have included some examples of components in our action versus current 40X offerings.
 

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Seems like testing is going well!

So here's the question. How short of a lead time should we let it get before we take orders? We're going forward with everything but it's a balance of taking money when people always want shorter lead times.

Barrels, bodies, bolts are all 90% complete for the entire first production run, knocking out the small parts now.
 

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Seems like testing is going well!

So here's the question. How short of a lead time should we let it get before we take orders? We're going forward with everything but it's a balance of taking money when people always want shorter lead times.

Barrels, bodies, bolts are all 90% complete for the entire first production run, knocking out the small parts now.
Take money now
 
Seems like testing is going well!

So here's the question. How short of a lead time should we let it get before we take orders? We're going forward with everything but it's a balance of taking money when people always want shorter lead times.

Barrels, bodies, bolts are all 90% complete for the entire first production run, knocking out the small parts now.
I'm in for a preorder let me know when your ready.
 
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Here is what have always done and will do the same now if in the situation. The whole philosophy is based on not need the customers money before delivery however:

1. Ask for a list including item wanted exactly, phone number for texts and good email.
2. Make a list based on the time of day when the orders come in and put them in date order.
3. As soon as items are available, text/email the person on the list. IF they still want it they have a few hours etc to reply that they do.
4. If they do not, they get skipped and put to the back of the list.
5. If they change their mind, cool, someone else gets a chance earlier.
6. IF someone really pisses you off, skip them or back of the list.
7. Collect the money and FFL information and ship the item as soon as you are confident the funds are good.

That way no one can accuse the supplier of lying and using their money, no red-ass feelings about deposits not returned for changed minds, etc etc. That is how we ran Stillers Precision Firearms and Holeshot from day one. It saved me a lot of grief in the end.
 
Seems like testing is going well!

So here's the question. How short of a lead time should we let it get before we take orders? We're going forward with everything but it's a balance of taking money when people always want shorter lead times.

Barrels, bodies, bolts are all 90% complete for the entire first production run, knocking out the small parts now.
I wouldn't sell anything till it was 100% ready.
 
Here is what have always done and will do the same now if in the situation. The whole philosophy is based on not need the customers money before delivery however:

1. Ask for a list including item wanted exactly, phone number for texts and good email.
2. Make a list based on the time of day when the orders come in and put them in date order.
3. As soon as items are available, text/email the person on the list. IF they still want it they have a few hours etc to reply that they do.
4. If they do not, they get skipped and put to the back of the list.
5. If they change their mind, cool, someone else gets a chance earlier.
6. IF someone really pisses you off, skip them or back of the list.
7. Collect the money and FFL information and ship the item as soon as you are confident the funds are good.

That way no one can accuse the supplier of lying and using their money, no red-ass feelings about deposits not returned for changed minds, etc etc. That is how we ran Stillers Precision Firearms and Holeshot from day one. It saved me a lot of grief in the end.
This is how it works and the consumer needs to study and learn #6.
 
The biggest way you can get into trouble is by taking money on orders that are beyond your ability to confidently fill. Companies who try to grow too fast can easily run out of cash if they are foolish about how they invest their working capital. You tie all your money up in component X, then something goes wrong, and all of a sudden you can’t pay your rent. And I don’t think you guys need to hear this, but just in case you do, there is always competition ready to fill the void. Stay humble!
 
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