How to Convert An Idea into A Rewarding New Product

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. Checkout our product Soccer Hinge.

Hire a Product Development Company to Gain a Competitive Edge

Are you are a product-based company? Are you worried about the worsening business scenario and fierce competition? Are you planning to develop an innovative product to regain your dominance? If “Yes” is your answer to all the mentioned questions, then it’s time to hire a product development company to gain a competitive edge within your respective industry. Pause your imagination for an instance, and keep reading about how a product manufacturing company can help you regain your dominance with its services.

Initiating a custom product development process without defining a marketing strategy, doing any market research, and understanding your users’ requirements is an open invitation to unwanted consequences. Hence, as a responsible entrepreneur, it is your primary duty to know, what are the needs of your targeted end-users. What are they expecting from your new product? Which area of the market can you target the most? And more importantly, are your competitors offering any similar products?

A thorough marketing strategy based on all the above mentioned questions will definitely help you in gathering some pretty useful information upon which you can depend to obtain custom product development. Developing a new product is obviously a risky process; therefore, you must plan your capital and strictly avoid unnecessary spending. Most companies form a separate team for the R&D of the new product they wish to develop. However, if this is not feasible for you, then as an alternative, you can opt for an experienced product manufacturing company and ask them to do the job. The GID Development Corporation is one of the leading product manufacturing companies based in Yorba Linda, California, with more than 40 years of experience.

Contact the GID Development Corporation for Rewarding Solutions

New product development is a challenging task because it requires a uniform expertise in different fields of engineering. However, GID is committed to offering rewarding product development solutions to problems ranging from simple to complex. At the GID Development Corporation, we have teams of some of the best and the most experienced professionals in the industry. Whether your business requires plastic products, automotive parts, sporting goods, healthcare equipment, or anything off-the-shelf, we are confident about offering solutions that are beyond ordinary, yet obeying all the industry standards.

Being one of the most reputed product development companies in the USA, at GID, we help small and large businesses with equal attention and dedication. We help them conceptualize, design, prototype, and develop custom products from scratch. Our product design and development services are designed to help every business, despite their size, with minimum development cost and time to market.

Contact GID to Gain a Competitive Advantage

Under the hood of product design and development, we have a habit of developing a strong relationship with our clients, and, fortunately, our work helps us in doing that. We work for our customers and work dedicatedly to ensure they achieve success in every aspect of their business. We have a flexible product development module and offer an unparalleled transparency during the entire product development lifecycle.

If you have some revolutionary ideas, then call Jim at 714-323-1052 for a free consultation if you wish to talk to an industry veteran to solve your problems, Hire a Product Development Company – GID Company. Contact us at https://www.gidcompany.com/contact-us/.

Choosing a Custom Product Manufacturer in the United States

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. Go for choosing a Custom Product Manufacturer in the United States.

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 custom product manufacturers. 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 development 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.

5 Reasons Why 3D Printing is Used in New Product Development

Whether we are manufacturing a spaceship, a paper clip or anything related to the automobile industry, we are all searching to make something efficient, i.e. faster, better and cheaper. Any innovator or entrepreneur who has tried to accomplish these traits in a single project has realized the challenges of meeting these criteria. Fortunately, due to a remarkable growth in the 3D printing technology over the past decade, triumphing these goals is now a very real possibility.

We are the GID Development Corporation – an American product development company with more than four decades of experience. Here, we explain the top five reasons why 3D printing is widely used in new product development.

  1. Product Designers can Easily Prototype More Iterations Without Exceeding the Timeline or Budget

CAD (Computer Aided Design) software ascended as a useful tool for transforming a concept into a product. This CAD software made it easy for product designers to test their design to a certain extent. However, as tried and tested as the product design software may be, there comes a stage when it’s just easier and quicker to examine the design in real life conditions to receive the useful feedbacks.

3D printing is one of the best solutions, but on the condition that a product designer is not controlled by order approvals and lengthy lead times for product prototypes. Waiting for a product prototype to arrive chokes the creativity of a product designer before moving ahead with the product design. Well, in such a critical scenario, having an in-house access to a 3D printing keeps the product designers’ creativity rolling by offering them more iterations to test in a lesser time frame. With the use of 3D printing, instead of waiting for a design to finish for prototype, product designers can prototype earlier in the design cycle and pinpoint necessary modifications that are needed to be made.

Furthermore, 3D printing also facilitates product designers to split the model into a certain section and just print that portion to prototype and test. Use of 3D printing reduces the print time, decreases the time it requires to get reviews and reduces the overall cost of product prototype development.

  1. Better Collaboration Resulting in Improved Design and Manufacturability

3D printed parts can be used to test and validate a product design, and they can also be used to communicate the design intent to the marketing department, manufacturers and suppliers. As the sales and marketing team can physically see the design ahead of time, they get sufficient time to summarize a potent marketing plan to support the product and to overcome the prevailing competition. Moreover, by sharing a model with your product development company and suppliers will help them determine whether the product can be manufactured within the fixed budget or not. 3D printing helps you identify issues that could hinder the manufacturing process.

You can offer your manufacturers and suppliers an accurate representation of the end product that could help them avert any miscommunication when interpreting the CAD models.

  1. Field Testing Prototypes That Resemble The Final Product Provide Insight Into Potential Design Flaws

With the advancement in the 3D printing technology, the availability of the material choices for 3D printing has come a long way, including a wide variety of material such as, urethane rubbers, water-clear acrylics and full color palettes. In some cases, the actual raw material such as polycarbonate, ABS, and nylon to name a few are used to 3D print. Whereas, in other cases, it can be employed to produce blow molds, injection molds, and patterns for silicone molding.

This allows the development of a product prototype in a material that is actually not available for 3D printing. Field testing a product prototype similar to a manufactured part will generate useful data and could help duck expensive mistakes and modifications later in the product development lifecycle.

  1. Seeing Is Believing

As 3D printing allows the development of product prototype using the actual raw material, targeted customers could test the product without knowing they are holding a prototype. Something that looks and feels like a finished product helps confirm the goals set for the product have been reached. It is advantageous in both the ways; first, it helps you build faith in the product within your organization; and second, it helps you find stakeholders for your project.

  1. Improved Customer Satisfaction

Plenty of design iterations and the succeeding testing of a new product help to make sure you are offering the end-users the best product against their investment. 3D printed product prototypes lead to a successful finished product because vital decisions about the function and feel of the product were made early on in the design process.

About The GID Development Corporation

The GID Development Corporation is a custom product design and manufacturing company based in California. With more than four decades of industry experience, GID specializes in manufacturing new / custom products for different industries, including aerospace, automotive, healthcare, and lifestyle to name a few.

If you have a revolutionary, million-dollar idea that can steer the market in your favor, then come to us. We can help you bring your idea to life in the most lucrative manner.

Find the Best Product Designers and Engineers for Your Product Development

A successful product design and development absolutely relies on the initial designing and engineering efforts. A team of great product designers and engineers follow an industry certified and suggested product development strategy to help reduce the chances of failure of both short-term and long-term. Well, as an entrepreneur, if you are seeking to hire the best product designers and engineers in the USA, it is requested to think about the below-mentioned tips.

Finding and hiring the product manufacturing services can be a daunting task for a beginner. Collaborating with an inexperienced product development partner can lead to loss of time, money, efforts, and eventually a project failure. When you hire a product designer or engineer for custom product development, it is essential that you ask the right questions and search for the right qualities.

What type of product designer and engineer would be the fit to design and develop your new product?

Experience

Experience is perhaps the most important point to consider. Furthermore, the situation becomes even more favorable if the company is having experience of manufacturing similar products. Ask the right questions to get a clear picture regarding what designers and engineers started and completed on any examples mentioned in their portfolio.

Clear & Concise Communication

Clear and concise communication is one of the pillars of new product development, as it ensures the manufacturing of new product having exact precision. Despite the size of your company or project, always prefer a product designer and engineer who guarantee flawless communication without any middle management. A product designer or an engineer who can translate complex engineering terms in laymen’s languages will reduce customer anxiety and build a business relationship.

Qualifying

Notable engineering efforts comprise qualifying a product and its components so that possible product quality concerns can be recognized prior to bulk manufacturing.

Knowledge of Materials

The experience of working with a wide variety of raw materials can certainly help in eradicating issues that can arise due to the selection of wrong materials. For example, a custom bird banquet designed and developed at GID can be made from many different raw materials – some raw materials are cheaper such as ABS or PVC plastics, and some are costly like stainless steel. A bird banquet made from stainless steel may require increased raw materials and assembly costs, whereas a bird banquet manufactured from PVC or ABS may have longevity issues.

If you need help with your industrial product design and manufacturing efforts, then contact us today at 714-323-1052. We are a custom product development company in California. Moreover, to assist our clients at any point of time, we also offer a free 15-minute consultation. Checkout our product Advanced Tree stand.

Product Development Strategy Definition by Custom Product Manufacturer, California

Manufacturing a new product or modifying the existing one as per the market or the end users’ requirements, and returning those products to existing or new markets is the definition of product development strategy. Custom product development strategy is a bit complicated. To frame an excelling new product development strategy, as an entrepreneur, you need to focus on every tiny detail. It requires keen attention to competitors’ products, and customers’ requirements, the ability to design and prototype, full in-house manufacturing capabilities, and a potent marketing plan. To your knowledge, there are several subsets of product development strategy, and they are as follows:

Product Development Diversification Strategy

This product development strategy is employed when a company’s existing market is saturated, and returns and profits are still or falling. There is no or a very diminishing opportunity for business growth. A product development diversification strategy helps a company overcome its prevailing business ecosystem, and a new product is manufactured for a new market. Due to the recession and heavy competition, when an insurance company selling insurance products decides to develop a financial education program targeting college students, it is called a diversification strategy. Because of existing competition and the presence of similar products, the new product developed may not be revolutionary in nature, but it is new to the company manufacturing it.

Product Modification Strategy

A product modification strategy is quite common among entrepreneurs and is normally aimed at existing markets. A hidden advantage of this strategy is it allows entrepreneurs to capture new customers for the new product. Toothpaste is the best example of a modification strategy. Toothpaste that promotes anti-cavity or teeth whitening qualities is built on existing simple toothpaste that only guarantees clean teeth and healthy gums.

Revolutionary Product Development Strategy

Under the hood of a revolutionary product development strategy, revolutionary new products are designed and developed to solve specific problems or meet end users’ requirements. Smartphones and advanced computers are the best examples of a revolutionary product development strategy. Before these revolutionary products made their way to market, consumers did not know they needed them. However, a revolutionary thought of creating a better device for communication ended in products that have modified the rules of communication and have considerably altered the competitive landscape.

Benchmarking the Process

Whatever product development strategy you employ depending upon the nature of your business, the new product manufacturing process must be carefully thought through. It also requires a sequence of benchmarks along the way. These benchmarks evaluate whether the manufacturing process should be continued or not because custom product development is normally high-priced and time-consuming. For instance, a company is manufacturing a new product, but a competitor takes on the market with a similar product with advanced features, then your company must make a “Go/No Go” decision about its new product development options.

Consumers Front and Center

Depending upon your business ecosystem, whatever product development strategy you decide to continue, always keep your targeted customers in the front and center, and involve them in the process from start to finish. Set a limit for your manufacturing overheads. Keep aside an adequate budget for consumer evaluation of the new product at the ideation, prototyping, and bulk manufacturing stages. An important point to remember is that whenever you opt for new product development, don’t include only customers who represent your primary market, but also include secondary customers to whom your product might appeal shortly.

The GID Development Corporation is a custom product manufacturer based in California that caters to start-ups, and small and large businesses’ unique requirements. Valued as one of the leading product manufacturing companies in the United States, GID is known for setting the bar for product design, rapid prototyping, testing, and bulk manufacturing.

To assist entrepreneurs in developing flawless new products, the GID Development Corporation is now offering a free 15-minute conference to answer questions related to new product development. There is no risk, and no obligation; contact them now at 714-323-1052.