Tag Archives: custom product development

How to Convert An Idea into A Rewarding New Product

How to Convert An Idea into A Rewarding New Product
How to Convert An Idea into A Rewarding New Product 5.00/5 (100.00%) 2 votes

Someone’s dare to think out-of-the-box and bringing those unbelievable product ideas to life have revolutionized the human civilization. These new products have certainly made our lives more comfortable and easy. In the 21st century, new product development not only fuels the economy but at the same time, it also wins the heart of people wherever it goes. New product development holds a long, rewarding history, and during this course of time, we came across thousands of success stories that inspired us and failure stories that taught us a lesson and left us thinking, “What went wrong?”

So, is there any way to aid entrepreneurs avoid or overcome product development pitfalls? According to the GID Development Corporation, there are many tricks to ensure successful new product development, even if you are new and don’t know anything about custom product development. In the last 40 years, The GID Development Corporation has helped hundreds of businesses transform their ideas into rewarding new products. This not only helped businesses boost their economy but simultaneously helped them sustain the fierce competition and create a vibrant brand name in their respective industry.

As the need of every new product development is different, the journey of every entrepreneur is also different. Here are six tips to get you started on the path of success, and they are as follows:

Take a fresh start with your idea– When it comes to successful new product development, there is nothing like a shortcut. Before you initiate a new product development process, it is recommended to thoroughly analyze your market, understand your end users’ requirements and expectations, what features are needed, and most importantly, what your competitors are offering. Keep your mind open and try to collect as much data as you can collect before you make any move. Some other points to consider are overall manufacturing cost, product’s retail price, your profit margin, and competition in the respective market.

Don’t forget to validate your market– This step is one of the introductory steps to custom product development and according to the product development experts, this step should never be ignored or overlooked. We are creative, and when we own a new product idea, we get mesmerized by our concept and tend to put earmuffs and blinders on. For instance, you work in a company where your task is to advise your boss as to which product will yield maximum ROI. The most reliable method to find out this is to ask them “Your Targeted Customers” about their likes, dislikes and expectations by conducting the survey.

Keep it simple– Often times, due to overexcitement, we include showy features that are unnecessary. These unnecessary features not only make the manufacturing process complex but also increase the overall manufacturing cost and time. Developing premium quality products with only necessary features with an affordable price tag can generate more sales and more profit.

Fund Raising– You will need a lot of money for manufacturing a product from scratch; hence, to overcome the financial problem, you can try options such as microloans, credit lines, crowd funding, and other online funding alternatives that suit your business. To help you in your venture, here are some options from where you can raise the funds, and they are: SoMoLend, Opportunity Fund, Accion USA, Kiva Step Ahead Loan Program, and Kabbage. Moreover, with mere efforts, you will easily find an investor for your project.

Product Prototype Development– Product prototype development is the most important phase in new product development. Once you approve the product design, instead of initiating the bulk manufacturing process, start with something basic like rapid prototyping of the concept that can be refined repeatedly. It does not need to be fancy or costly. The reason behind the product prototype development is to test the functionalities and to conclude whether your idea is feasible or not.

Have a business plan ready– It has been observed that most entrepreneurs ignore the importance of the business plan. But, the fact is, a tactically framed business plan helps you enter the market more swiftly and efficiently. A business plan will help your products / services gain instant clarity, focus, and market trust. A single business plan can answer many questions at a time such as:

  1. What am I manufacturing?
  2. Who are my targeted end-users?
  3. What is my commitment to my customers and to myself?
  4. What are my goals, strategies, and action steps to accomplish these business goals?

If you are new to custom product development, or if you need any help related to custom product manufacturing, then Call Jim Grimes at 714-323-1052.

Choosing a Custom Product Manufacturer in the United States

Choosing a Custom Product Manufacturer in the United States
Choosing a Custom Product Manufacturer in the United States 5.00/5 (100.00%) 2 votes

Someday, early in the morning you had your eureka moment. You know that the new product idea that just evoked your mind is worth development and will generate a huge profit for you. However, you don’t have a skilled workforce, adequate experience to initiate the project nor you have industry certified tools to embark the project. So, should you drop the idea of developing a revolutionary product? Absolutely not.

In the age of globalization, there are thousands of product manufacturing companies keen to help with custom product development. Here’s how to choose the right custom product manufacturer to get the job done in the most professional and efficient manner.

What to Look for When Hiring a Custom Product Manufacturer

  1. Hire a company whose primary business is product development
  2. Hire a company having a collection of technical and experienced professionals
  3. Hire a company familiar with the latest technologies
  4. Hire a company having its root deeply penetrated in the marketplace
  5. Hire a company having a team to offer a fresh point of view
  6. Hire a company having dedicated resources to bring significant specialized experience to any project
  7. Hire a company that knows and offers the right combination of services

According to an ancient quote, “If the only tool you have is a hammer, you will see every problem as a nail”. Therefore, find a full-service provider who fits your project requirements, and not one having limited resources and limited industry experience. You should strictly follow this quote while finding a product manufacturing company because, in the 21st century, injection molders, rapid prototypers (SLA service bureaus), board houses, and even plastic suppliers describe themselves as a custom product manufacturer. As a responsible entrepreneur, you need to ensure that the product development company you hire is not limited to solutions based on their core business.

Contact the GID Development Corporation

For startups, small, and medium-sized businesses who want to establish their unique presence in the market, we help them with everything they are searching for. Hiring GID as a custom product developer will allow you to take advantage of opportunities, which are not part of your core business and develop products that are not simply extensions of their existing product lines. At GID, we have dedicated resources to professionally execute all of the design and engineering jobs.

The GID Development Corporation is not an ordinary manufacturer, a molding shop, or a circuit board house. If you need the services of skilled product developers, we have the resources, the tools, and the experience to bring your ideas into reality. Contact us at www.GIDCompany.com.

Call 714-323-1052 for Professional Prototype Development Services in the USA

Professional Prototype Development Services in the USA
Call 714-323-1052 for Professional Prototype Development Services in the USA 5.00/5 (100.00%) 2 votes

At The GID Development Corporation, we offer product prototype development services at its best with high accuracy and precision. We understand the importance of product prototype development in the process of new product development; hence, to attend the highest level of perfection, we use all the latest technologies and techniques to convert an idea into a fully functional prototype.

As an established and experienced product design and product development company in USA, the GID Development Corporation is dedicated to offering entrepreneurs and innovators with a single source for custom manufactured parts and products. With a focus on delivering value to our clients, we endeavor to modernize the product development process by offering the revolutionary rapid prototyping and product design service options all at one place. Our product designers and engineers are highly skilled and aim to deliver prototyping solutions that best-fit budget, time constraints, and manufacturing requirements.

Rapid Prototyping is one of the crucial steps in the custom product development; hence, it should be done right. Developing a product prototype on your own or with the help of a prototyping company will help you test your concept before you proceed to bulk manufacturing phase. Moreover, prototyping makes your concept a physical reality. A fully functional product prototype not only lets you test the functionalities, but also helps you impress your financiers and potential customers.

As an American product prototyping company, we are well aware of each-and-every traits of rapid prototyping. The GID Development Corporation offers multi-faceted rapid prototyping services, including selective laser sintering (SLS), stereo lithography (SLA), high-speed CNC machining and professional prototype model making. By applying the most advanced prototyping technology, our team of highly qualified engineers and designers is capable of meeting the most stringent requirements in terms of time, cost and precision in the development of product prototypes.

With more than four decades of industry experience, GID is the best choice that can help you to carry out rapid prototyping in the most professional manner. Our product designers can convert your concept into a working prototype that will help you to understand how your product will perform before starting the manufacturing process. Here at GID, you can get professional prototyping services, which help you get more accurate and a relevant product that fits business needs. We specialize in creating a prototype out of a wide variety of materials such as plastic, rubber, wood, electronics, fabrics, glass, metal, silicon and other available materials. For more information, contact us at www.GIDCompany.com.