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New Product Development USA New Product Idea

Here Are A Few Important Points To Consider For New Product Development in California!

Whenever we are talking about new product development in California it is sure that there are so many people out there who have no idea where to begin and what should they prepare for. Once you have an amazing and creative idea to develop a unique and amazing product from scratch, it is sure that you will not want to waste your time researching and thinking. That’s why it will be beneficial to have an experienced and skilled product development company like GID Company as a product development partner for your organization or business. For more information please click here.

One should not worry even though you don’t have any idea about the important aspects of product development. Here, we have enlisted a few important points that you should consider before consulting for new product development.

Understanding The Product Development

The first thing anyone should understand is what product development is and its entire process. Product development is an essential process for any business when it comes to developing a unique product from nothing. A well-defined and strategized product development process helps to create a successful product that meets the demands of the market. In the process, gathering data, identifying problems, and coming up with solutions are included. It is vital for any company to have a well-developed process for product development. If you want your product to be successful, you must know about all the aspects of a solid product development process.

Market Research and Analysis

When starting product development, it is important to have a clear idea of what you want to create. This can only be done through market research, user feedback, and various other means. However, if you are looking to create something new, you may want to start by outlining a technology roadmap. One should plan out an effective and efficient product development process and determine what your next steps should be based on the current market trends and competition.

It can be tempting to jump straight into development and see what happens, but this may not be the best way to do things. Planning out your product development process will allow you to take steps that are logical and fit within the context of your product. Doing proper market research and analysis can indeed save you precious time and resources as well as not invest in something that’s not worthy. Accurate market research is the key to crafting a successful product and planning for future marketing and distribution.

Product Development Process

Along with understanding the product development process, it is also important for you to have a clear idea of all the aspects of the process. Following a well-planned strategy will help ensure that your product meets your specifications and features after the development is completed. It is sure that you will not have to worry about anything if you are hiring a product development specialist or expert. But it will be better for any entrepreneur to know everything that’s going to happen while developing a unique product from scratch. 

Marketing and Distribution

Finally, it is important to have a clear plan for marketing and distribution. To ensure your product reaches the market and meets customer expectations, it is crucial for any business to have strong marketing and distribution. By conducting market research, you can identify the specific requirements of your target audience. You can then create a product that meets their needs, reducing friction, and increasing conversion rates. However, one needs to work with suppliers and distributors to ensure that your product is distributed properly and to potential customers. As with any business, you can’t just rely on one person to help you get sales. It will be an advantage to have a professional marketing team to increase sales.

Hiring A Professional Company

To accomplish all your goals and launch a successful product in the market, it is important to consult with a professional and highly experienced product development company to help guide you through the process. They will be able to provide you with tips and advice to develop a desired feature-rich product. Working with a professional will make the process much easier and ensure that you end up with a product that does what you want it to and excels in the market. With the right guidance and planning, the creation of a new product or redesigning of an existing one can be successful.

Schedule A Friendly Consultation With Our Product Development Expert At GID Company!

GID Company is one of the most trusted and leading product development companies based in California, USA. If you want to develop a unique, creative, and market-ready product from scratch then you should discuss your product requirements with our experts. No matter if you are an experienced entrepreneur or a newbie in product development, our highly experienced and expert professionals will provide you with the most logical and genuine recommendations. Keeping all the above points in consideration for new product development in California, it will be easy for your organization to launch a successful product in the market. To schedule a friendly appointment with our experts, Contact Jim Grimes at +1714-323-1052 or Click Here. Get more updates and information by following us on social media – Facebook, Twitter, Instagram, LinkedIn, and YouTube.

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New Product Idea Product Development Product Development Process

Need Help Reducing Time To Market Your Products? Contact GID Company!

Do you need help reducing time to market your innovative and creative products? Are you looking for a reputed and leading product development company in California, USA? Well, if you have developed an amazing product and if you are searching for an effective way to reduce or decrease the time to launch your product in the market then GID Company is the perfect product design and development firm to approach.

With the help of GID company, it will be possible for our valued client to understand the complex product development lifecycle in a simple way. We have a team of professional product developers and designers that can guide you through our process from product research to product development. Our experts can also provide you with appropriate advice for marketing or launching the product in the competition.

Reducing Time To Market

As you know, current markets are becoming more and more competitive which is why it will be a little bit difficult for fresh products to rule it. No matter how you act smart when launching the product in the market, you cannot be sure whether your competitors have already introduced a similar product or have been working on it. Hence, the best strategy for being successful in the current markets is by launching your innovative products as soon as possible. There are indeed a handful of ways to reduce the time to market your products after final development. Here we have listed down some useful ways to decrease the time to launch in the market.

Incremental Development

Incremental development is one of the most important tools when you want to decrease the period between product development and launch. With the help of incremental development, it will be possible for any entrepreneur to select and define the features and specifications of the product they want to design and develop. The product will be out to all stakeholders and some customers to get feedback or comments on the product’s advantages or faults. Hence, you can get genuine improvement points and act accordingly to move to the next step quickly. By implementing this approach, you can have a fully functional product to launch into the market and minimize the time to market it.

Testing and Re-evaluation

Well, testing the product during each phase of the product development process will be beneficial. Although it may seem a little time-consuming, testing the product thoroughly at every product development stage can not only make the product polished but also the functionality and features will be accurate. Another advantage of following this method of testing and re-evaluation is that you can showcase your product to the customer or entrepreneur at any phase or time period. The product can be accurately tested and it will be easy to determine whether the product meets the defined criteria and has the required features or not.

Cross-Functional Teams

One should hire a product development team that has expertise in different phases such as product design, ideation, development, testing, and marketing. To get the desired result and to reduce the time to market, a product development company should have an experienced cross-functional team who can provide quality manufacturing, engineering, and development. On the other hand, you should also note that as the number of team members increases, the efficiency decreases. The cross-functional team can work accurately on the product and will make sure to launch the product withing a limited time.

Our Experts Can Help Reducing Time To Market Your Full-Fledged Product

There are indeed a lot of factors that can affect the defined scope of product development. But our team of highly experienced and skilled can help reduce the time to market launch your products. The time to market your product plays an important role in defining whether the product will be a success or needs improvement. We are sure that now you will have a clear idea of how you can reduce or minimize the time it takes to launch your innovative product in the market. At GID Company, our team holds expertise with every prospect of product design and development. Contact our professionals today at +1714-323-1052 and we can craft feature-rich as well as functional products for you. Get the latest updates on product development by following us on social media – Facebook, Twitter, Instagram, LinkedIn, and YouTube.

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New Product Idea Product Development

I Have An Invention Idea But No Money? What To Do? Check This Out!

“I have an invention idea but no money, what should I do now?” is the question that you may ask whenever you have an innovative and unique idea for an invention. But you do not have enough funding or fortune to make your dream a reality. In this article, you will get to know almost everything about what you should do if you have been looking for a way to a patent, get sponsors, or develop a market-ready product from your invention idea.

What Should I Do With An Invention Idea But No Money?

Invention ideas are not always the most lucrative but it is somewhat difficult to get funding for an idea, especially if you don’t have a prototype or a clear market for it. However, there are still ways to make money from your invention idea. That’s why you have been looking for tips on how to make money from your invention idea without any funding so that you can continue to bring your idea to fruition and put it into the world.

If you have a product idea that requires capital, then it is possible to generate income by licensing or patenting the idea. This can be done through patenting the idea, contracting out its manufacturing or design to a manufacturer, or selling it on a job-to-job basis. In case, you have a great invention idea and if you want to get the best out of it, then you can consult with a product development expert or a product development company.  

I Have A Good Idea For A Product, Now What Options Do I Have?

Is there a way for you to move forward with an invention idea without money? Can you turn your product idea into a profiting business? Yes, of course, you can. But it is essential for you to have the right guidance and way to turn your invention idea into a reality. There are a lot of ways to go about getting your product idea off the ground. Here are some of the most common methods:

Research the market about the demand

The first thing you should do is research and analyze the current market trends and how your invention idea or product idea can impact it. You need to test your innovative idea to check whether it will be useful for people or specific customers. Once you figure out the right market and customers, you should think about developing a prototype.

Generally, there has been a growing demand for new, creative products, and services that help people in their daily lives. Whether it’s packing lunches for the kids, going on vacation, cooking a meal to share with friends, or anything in your day-to-day life, almost everyone wants to check out solutions that make life easier. If the audience thinks that your innovative inventions can help them, then you will definitely be able to build up your business.

Seek and search out for investors

After finalizing the market and audience, the next step will include searching for interested investors. It will be beneficial for you to fund the invention idea with the help of investors. Although there will be some profit margin set for investors, you can get the needed funding to prototype and develop your own product.

In order to find investors, you must seek out people who are willing to take risks in order to gain a profitable return on their investments. Look everywhere for funding opportunities and contact your friends and their friends, if needed. Finding funding opportunities can be difficult and time-consuming but once you will find the right individual to help and support you financially, it will be possible for you to develop and market your own product.

Grow your own team or partners

When you’re starting a business, it’s important to create your own team or have a partner. This type of staffing will allow you to react quicker and more efficiently as you grow your company. Although this step will come after you have finalized the product prototype and when you are ready for the product development. Even if you aren’t experienced enough to develop your own product, you can at least define the features and characteristics of your innovative product.  Thereafter, it will be a wise decision to get assistance from an experienced product development company.

Product Development and Marketing

Before developing a product, one should develop a prototype and test it in the market with potential customers. You can encourage a few customers to test your product idea and give feedback. After a few required modifications to the product, you should get ready to develop your own product by approaching a professional product development company. Once your product is developed and ready to launch in the market, you should promote the product in numerous ways. It may be possible that you will find potential customers and investors as well. To get the best product development and consultation, you should contact GID Company at +1714-323-1052.

You Have An Invention Idea But No Money? Contact GID Company To Turn Your Idea Into A Market-Ready Product

If you have an invention idea and if you are willing to invest your time and efforts to turn it into a market-ready product, then there is no better product development company in California than GID Company. We have a team of well-versed and highly experienced product designers, engineers, and experts who can guide you through the entire process of developing a product from the scratch. We can develop high-quality customized products for different industries. Give us a call at +1 714-323-1052 or Contact Us to book a friendly appointment with Jim Grimes, our highly experienced product development specialist. Also, you can follow our official social media handles – Facebook, LinkedIn, Twitter, and YouTube.

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New Product Idea Product Development Product Development Process

5 Phases of Product Development Process [2022]

The new product development process usually starts with Idea Generation.
There are 5 phases of product development process in the initial phase of product development where the new and innovative ideas are generated only to go through screening and concept development before reaching the final stage of product introduction in the market.

Steps of Product Development

As most entrepreneurs and business owners may know, new product development is indeed a significant process that small as well as large enterprises go through for their survival and expansion.  The business environment becomes competitive by the day, and everyone has to adopt new strategies and ways to keep up with the market trends. From product conception to product launch in the market, everything comes under the new product development cycle or process. To make the product development process simpler, we have enlisted here the five phases of the product development process a business or individual needs for new product development.

Idea Generation

Idea Generation

In this first stage of the new product development process, the businesses will define and clear new and innovative ideas regarding the product. Some of the crucial sources of idea generation come directly or indirectly from business owners, customers, competitors, journals, etc. The ideation sources may vary depending on the business models and hence, the product concept or idea must be well defined before the beginning of actual product development. The ideas generated during this phase of the product development process will act as an important pillar for the entire product development cycle.  

Screening

Screening

Once you have the list of ideas generated based on the customer and competitor analysis, you have to go through screening, the second phase of product development. The main purpose of the screening phase is to filter out or churn down the product ideas to the appropriate and viable ones. Also, it will be essential to take opinions from employees, relevant businesses, and of course, customers in order to avoid costly and expensive options. At the end of the screening product development phase, your business will have a few product ideas that are reliable and feasible from the large pool of ideas.

Concept Development

Concept Development

Concept development is considered to be the third stage of the product development process which involves some research and analysis of potential costs, revenue, and approximate profit to be generated within a specific time period after launching the product. Utilizing the SWOT analysis, the firm will be successful in finding out the strengths, weaknesses, threats, and new opportunities in the global or local market. Defining the market through important market segmentation, the firm will set out to identify the product niche which affects most decisions. 

Product Development

Product Development

During this phase of the product development process, the expert and experienced product developers, designers, and engineers will work on the finalized product design to develop a new product from scratch. The product will be manufactured on precise and detailed information and instruction in such a way that it fulfills all customer needs and requirements. After the analysis of a market-ready product, the business owner will be asked whether to go for large-scale product manufacturing or small-scale production.

Commercialization

Commercialization

The new product development process starts with idea generation and ends with product commercialization or product launching – the last phase of the product development process. In this phase of product development, the business owner or entrepreneur will begin the promotion of products through effective and essential marketing campaigns. Based on the concept development research and data, the location, timing, and potential customers will be defined for the product introduction in the market.

Frequently Asked Questions

What are the 5 stages of the new product development process?

The five stages of the product development process include,

  • Idea Generation
  • Screening
  • Concept Development
  • Product Development
  • Commercialization

Additionally, there are several other sub-phases of new product development depending on the product or business.

The new product development process usually starts with ________.?

Idea generation or product ideation is the first or beginning stage of new product development in which the new, unique, and innovative ideas are listed out based on the analysis of customers and competitors.

What is the first stage of new product development?

As stated earlier, you can consider Idea Generation as the first stage for new product development. Whether you want to design a new product or if you want to develop a product from scratch, the process begins with generating product ideas or concepts.

How much does it cost for the new product development process?

The cost estimation for new product development depends on various factors such as the type and category of product you want to develop for your business or organization. Feel free to get a free quote by calling us at +1714-323-1052 or Contact Us.

What is the final phase of the product development cycle?

Product commercialization or launching in the market is the last or final phase of product development in which the business will launch promotional campaigns for new products.

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New Product Idea Product Manufacturing

How to Approach a Product Manufacturing Company with Your Product Idea

Approaching a product manufacturing company with a unique, exclusive, and concept development can be sometimes challenging and irritating.

This is because some product development firms intend to gamble with profits by developing custom, unproven, commercial products, and on the other hand, no business owner would love to see the rejection of his/her product idea.

But, if you are planning to develop your product natively or offshore, there are some important points to consider making sure that you endorse your concept commendably and those producers take your product idea seriously.

How to Approach a Product Manufacturing Company in 2022?


1.  
Make Sure Your Product Idea is Original

Always arise with an exceptional product idea. It is recommended to do some investigation / survey to make sure that the product identical to your concept does not exist in the market, and no one owns the copyrights or the pattern rights to it. As a help, you can visit the U.S. Patent and Trademark Office’s (USPTO) patent database at http://patft.uspto.gov/

2.   Consult a Qualified Engineer

Once you are sure that your product idea is original, consult a skilled product engineer who is proficient in new product design and development. As per the news published on businessweek.com, an experienced product engineer can give you valuable suggestions on manufacturing materials and design possibility. Additionally, he or she can also aid you calculate production costs.

3.   Protect Your Original Product Idea

Never share your product ideas openly with others. First step is to execute a Non-Disclosure Agreement (NDA) with engineer/firm which will protect both your Intellectual Property your Proprietary Rights to your new product idea. As the engineer has aided you to solidify and strengthen your product idea, you should consider application for a Provisional U.S. Patent. For detailed information, and to have the appropriate forms and guidelines, please visit the USPTO website.

4.   Create a Computer-Aided Design

After establishing NDA protection and considerations for registering your concept / idea to the USPTO, create a computer-aided design (CAD) model of your product. This 3-D model of the concept will demonstrate all of your product’s dimensions, and will let you share your concept / idea to determine its manufacturability. For this step, you may require the assistance of a qualified graphic designer.

5.   Create a Prototype of Your Design

As you are ready with the 3-D model of your concept, build a prototype under the guidance of a professional prototyping company. While a 3D computer model can provide product development companies an primary impression of what they are dealing with, a well-made, physical prototype of your idea that functions well power a manufacture’s decision in going with your idea / concept.

6.   Develop a Business Plan

After an initial discussion, a product manufacturing company that you hire will ask you about the quantities you want to produce, its distribution channel, and the associated costs. As per BusinessWeek.com, having as a minimum a one page summary that includes all of this related details will thump a serious impression on manufacturer’s mind.

Tips and Warning

Follow this tips for finding a manufacturer for your product. Be professional with your new product idea. Always remember, when you are going to meet a product manufacturing company that is attracted in your product concept/idea, move ahead as politely and skillfully as possible. Hiring an established product manufacturing company will benefit you in getting your idea professionally produced. Be conscious of suspicious patent companies that request large sums of money with no results.

New or custom product design and development are a complicated process. An idea is just an idea until you take the essential steps to make it a reality. Before approaching a product development company with your product ideas, don’t forget to do your study. It has been observed that potential products and merchandise fall flat due to the lack of knowledge, limited resources, and limited budget.

How to approach a manufacturer with your product idea?

For more information on new product development, you can contact GID (a product manufacturing company located in California) at +1714-323-1052 or click on Let’s Chat.

Also, Read Our Other Popular Blogs

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New Product Idea Product Prototype Development

How to Design a Product Prototype?

If you have a new product idea that can help the mass or simplify their day-to-day tasks, then it’s time to get it developed with the help of a product development company like GID. But, before jumping on to the main product development process or initiating the bulk manufacturing process, it is important that we test the feasibility of your idea and test it in a practical environment so that we can enhance it – both in terms of functionalities and designs.

According to Jim Grimes, this can be done by prototyping your idea/concept. You can design a product prototype and test your idea in terms of usability, durability, and expectancy. If you don’t know how to design a product prototype, then you can Call Jim at +1-714-323-1052 or continue reading this blog.

How to Design a Product Prototype

  1. Time to Craft Your Idea: Getting a revolutionary new product idea is challenging and bringing it to the market is even more complicated. Therefore, as an innovator, you should then think about the design of your idea – how would your product look and feel.

    The answer to these questions depends on many different aspects, such as design trends in the market, your end-customer’s requirements, the final selling price of the product, competitors’ products, and the current market scenario in your niche market. To get started, here’s what you should do to streamline your idea generation process:

-> Thorough Market Research: Get into the market that you are about to target with your product. This will help you evaluate the market value of your product, the competition around it, conclude the final selling price, and overall development cost and time.

-> Consult Industry Experts: You can approach a product development company or consult a team of product development experts like Jim to gain valuable insight. The team can give you some valuable technical and marketing insights.

2. Create a Rough Representation of Your Idea: After thorough market research and consulting the product development experts like Jim Grimes, it’s time to move on to the next step – creating a rough representation of your idea. Having a product in your imagination is not going to help you; thus, you will have to manifest your idea either on a piece of paper or virtually on a computer program.

A concept development company in California like GID can help with it. With the help of designing software like CAD, you can create a virtual 3D replica of your idea. A rough representation of your idea will offer you a clear idea of your product’s size, dimensions, and many other factors. It also allows you to observe your product’s performance in a virtual simulation.

Also, Read our Blog: Difference Between Alpha and Beta Prototypes

3. Time to Create a Physical Prototype: This is the stage when you prototype your idea that can be tested in terms of design, functionalities, and esthetics. While creating a product prototype, make sure it best represents the final product. Well, according to the product prototype development experts at GID, a working prototype can be created with the help of 3D printing and CNC prototyping. To learn more about prototype development, please Click Here.

4. Refine Your Prototype: This stage of product prototype designing and development can be labeled as one of the most tiring and time-consuming tasks. This is because you need to make all the designing and functioning changes to come up with the final product and meet your desired expectations. However, before refining your prototype, please remember the below-mentioned points:

-> Stay updated with the latest trends in your niche market
-> Be prepared for the last-minute changes to meet the trends
-> Keep improvising your product to excel the expectations
-> Register your pattern to prevent plagiarism and duplication of your idea

Need Help? Call Jim for a Free Consultation at +1-714-323-1052

If you have a great new product idea that can earn you fame and fortune but don’t know from where to start, then it’s time to consult Jim for professional assistance. Jim is a product prototype development expert at GID and loves to help innovators have awesome new product ideas.

From conceptualizing to final product release and marketing, Jim is here to help you with everything related to new product development in the US.

To schedule a free consultation with Jim, you can call him at +1-714-323-1052.

To learn more about prototype development, you can watch our videos on YouTube at https://www.youtube.com/c/Gidcompany.

GID is one of the top-rated product design companies on www.Clutch.co, to view our professional profile on the clutch, please Click Here.