For New Product Design and Development Services in California

Product Design and Development Services

Do you have a new product idea that can hike your profit margin and simultaneously wow the world? If yes, then what are you waiting for? Contact a reliable product development with your idea today.

The process of new product development begins with an idea, a striking new product idea or an improvement in the concept of an existing product (in terms of features and appearance). However, manufacturing a new product is a complicated job and not everyone’s cup of tea. More often than not, researchers and inventors believe that great ideas are all that they require developing moneymaking products, which is very short sighted. For developing great products that can stir the market in your favor, you need detailed research and a strategically defined product development process.

When planning to develop new product for your targeted customers, do not forget to analyze their requirements. Before you schedule anything, ask yourself:

  1. What features are required to make your product different from similar products existing in the market?
  2. What will be your product’s unique selling point?
  3. Does your product require more features and functions?
  4. Whether the product developed is for the consumer market?
  5. Or is it being developed for rugged industrial usage?

The most important first step in new product development is product specifications. The latter can aid you to think through and pin down the essential product information so that they will help as your directional signs to move ahead in the product manufacturing procedure. Does your product run through electricity, or does it run on batteries? How much power will it consume? How many buttons and keys should it have? In the absence of detailed product specifications, your product idea will probably be fluctuated and subjected to changes and indecision, eventually transforming the product development process into a seriously complicated task. Therefore, be sure to decide and pin down product specifications before you move on with any of the manufacturing steps.

On the occasion, if you are not sure that your concept will work or not, then a feasibility study is recommended by the experts. Let’s say, for instance, your concept is to miniaturize the mobile phone into a wearable gadget, say a smart watch, then you need to undertake a technical or feasibility study to conclude whether it is possible or not. Are there any appropriate batteries small enough to support standard phone usage, but tiny enough to be able to fit into the smart watch? Where to find other components, and which operating system will be powering it? Will all these components be small enough to fit into the smartwatch? Let’s consider that you found all those tiny components needed for manufacturing a smartwatch, but what about the cost of the components? Is the overall manufacturing cost feasible or not?

Another important aspect to consider in the manufacturing strategy is the number of items you are going to produce in the first batch. Are you going to produce the first batch only for marketing purpose? How many units will you develop for promoting your product? Your product manufacturing strategy will determine the type of the product development process that you will need to employ. Are you going to use low volume manufacturing process, or will you use high volume techniques?

Staying focused and proactive is the way to successful new product design and development. A proactive approach from the very beginning can save time and money. In this ever competitive world, understand what your customers require and try to keep them happy.

For more than two decades, GID has been in the product design and development business in California. We have comprehensively done hundreds of product design and development projects for different industries. For more information on product development services in California, contact us at https://www.gidcompany.com/contact-us.

 

How to Protect Your Product or Idea When Pitching It to a Product Manufacturing Company

How to Protect Your Product USA

Most of us have great ideas for new products or services that can boost our profit margin. Unfortunately, we do not have quality resources to get them to market. Instead of small companies, we often look for an established product manufacturing company to help us. If our idea is so unusual, that it is patentable, then before we show it off, we want to have that company sign a nondisclosure agreement promising it will not steal our idea. If you are going through the same kind of threat for your new product idea, then here are some tips to protect your ideas when pitching it to any product development company.

Tips to Protect Your Idea

Hire a local lawyer experienced in your specific industry to help write agreements. Some agreements spell out strict financial penalties, if the signer is found to have breached the agreement. You don’t want to have such harsh agreements that nobody would sign it; hence, hire an experienced lawyer to write it.

Without such protection, winning an infringement claim against your hired product development company may be difficult. If you do come upon a copycat, it may be worth contacting a lawyer to examine the merits of your case. If a product manufacturing company replicated your product and its packaging to the point of creating customer confusion or copied something that is protected under trademark or copyright law, you might have a solid legal case.

However, it is possible that a company would modify your product or design just enough to escape any legal charges. In addition, keeping in mind, applying those legal protections in court can be too expensive. In some cases, a lawyer will first send a cease-and-desist letter, telling the believed offenses and demanding the offender to stop manufacturing the product and possibly pay damages. If the offender ignores the letter, the next step is usually a lawsuit.

Always remember, a lawsuit can be expensive, costing thousands of dollars in legal fees and may take a lot of time from your business. Additionally, there is no guarantee you will win the lawsuit. To collect any money in court, you generally have to prove that you suffered financial damages from the alleged copycat’s action – a feat if your sales are rising.

At the end, the most effective method to protect your new product idea is by being extra cautious about whom you share with. It is worth talking extensively with others in your industry and getting referrals before disclosing your concept to anyone.

GID – A Product Manufacturing Company in California, USA

GID is a new product manufacturing / development company located in California. With years of experience, we love help our clients to design, prototype, test, and develop 100% originally developed products to meet their business needs. Being a reputed product development company, we love to preserve 100% client confidentiality – from concept to fully developed product. Our client confidentlaity is the only reason, why we have been in industry for more than 2 decades. We manufacture your concept only for you.

If you are planning to own a competitives edge over over your competitors by designing and manufacturing a profitable new product, then feel free to contact us at https://www.gidcompany.com/contactus

Factors to Consider Before Custom / New Product Development

Product Development

About Product Development

“Custom Product Development” or generally known as “New Product Development” may sound simple, but it is the multifaceted process of designing, prototyping and manufacturing a new product from the scratch. To be honest, the designing and engineering phases involved in product manufacturing are truly complicated and beyond one’s imagination. It refers to a collective team effort among the major departments within the company, including, R&D, Operation, Marketing, and Finance. Under the hood of custom product development, each and every member of a product development company strives to find the set of innovative solutions to customer problems or customer needs.

Factors to Consider Before Initiating the Product Manufacturing

Generating New Ideas

Companies with a higher rate of success in custom product development make a concerted effort to produce a steady stream of new product ideas. All of these ideas undergo a thorough screening process, and many are discarded just before the potential winners are declared. Some ideas are left untouched because in management’s decision the need or problem they solve is not convincing enough to prompt customers to be highly motivated to make a purchase. The ideas that make it through the final manufacturing phase are those that offer customers something that is much more useful than anything offered in the market now. They offer user-friendly, understandable yet potent solutions. These are the products about which people remark: “I wish I’d thought of that!”

The Test of Marketability

For companies, “What will be the price of the product?” is the key point of concern at the time of introducing the product. For example, if you are a company that deals with consumer products, then it can be quite expensive for you to bring your product to the mass market. Additionally, the average length of the sales process affects your product’s marketability, as well.

Now days, for some technology-based business solutions, a series of meetings and presentations are held prior the purchase decision is made. Therefore, for better marketability, companies should make sure that they have distribution channels in place, or can immediately establish them, to get their products in front of potential buyers. Companies that knowingly or unknowingly ignore this step are often frustrated with how difficult it is to get their products on major retailers’ shelves.

Evaluation of Feasibility

A product idea may be left untouched because its manufacturing duration would be too long or there are plenty of design hurdles that can hamper the overall development period. Delaying the launch of a newly developed product equates to lost revenue opportunities. Moreover, the manufacturing cost of the product should be taken into consideration with respect to the size of the market of the product. Spending $6 million to produce a product that will only return $2 million annually doesn’t make economic sense, as it will take years to recoup the basic investment.

One more feasibility issue is whether the company has the in-house team for product development so the gross margin will be ample enough to ensure profitability. If the manufacturing cost is too high, the price charged to the customers may be too high as well, which makes a product less competitive in the market.

The Decision to Proceed

After a thorough research, lots of meetings and hundreds of presentations, a company devises a product plan that forecasts the bottom-line profit the company is expecting to yield from the new product development. In case, if the prospective profit of the product to be developed is not up to the financial performance standard of other products in the company’s line, the judgment may be made not to proceed with manufacturing it. However, there are some strategic considerations as well. Acquainting a product may allow the company to reach a large new market for other products it produces, boosting revenue company-wide. At the end, custom product development can solidify the brand image of the company.

All of the above listed aspects unite together in the final decision of whether to give the new product development the green light and proceed with introducing it.