Top Five Methods by Leading Product Manufacturing Company for Long Term Success

Leading Product Manufacturing Company

Entrepreneurship is not everyone’s cup of tea; it’s an art and also a science. In the stance of cutthroat competition, it takes a lot to be a successful entrepreneur because there is no single, definite factor for success — it takes a great idea, a lucrative network of resources, a ton of hard work, and time to create an enduring, profitable business.

To overcome the competition in the market, you need to frequently make or break the logical foundation of your company. Without wasting more time, you need to conclude who your customers are, what their requirements are, what they expect from you, and how you are going to satisfy their expectations. Here is a list of five structured methods by a leading Product Manufacturing Company, GID, to achieve success as an entrepreneur.

Question Yourself – Before you start searching for answers, pen down all your questions related to your project. Questioning yourself will help you in exploring the possibilities for product development and marketing. For instance, if you are planning to manufacture a new product for your targeted customers, then ask yourself what exactly your customers require. Even if you already have an idea, you must know exactly what problem you are solving. If you are promoting your product, then ask why your customers would be interested in purchasing your product.

  1. What ingredients are required for a successful product?
  2. How can I make my product cost effective?
  3. How to engage targeted customers?

Research your subject – Once you are ready with the list of important questions, you must start finding as much information as you can on the subject. There are two main sources of gathering relative information – competitors and potential customers. Be honest and serious with whatever you do, pick some people from your targeted audiences, and find out what makes them tick. Your competitors and their products are the pool of the more valuable information for you. Try hard to find out what they are doing, how they are doing it, and most importantly, how you can make it better. You need to adopt a unique approach that distinguishes you from the competitors in the market.

Summarize a calculated business plan – Once you are done with the research work, it’s time to prepare a business plan on a broad scale. A business plan is essential because it formalizes the assumptions you hold. A powerful business plan helps you stay focused and move smoothly towards your predefined business objectives.

Experimenting with your business plan – This is one of the most important steps. To become a successful entrepreneur, it’s not enough to merely summarize a business plan; you have to put that business plan to the test. After you have developed a business plan about your business, say for instance “Women ages 20 to 34 will buy your product to have Y feature,” you need to test the notion. To test the business plan, you can conduct a simple survey, or develop a prototype and present it to a group of beta testers. You can run multiple campaigns to experiment with your business plan.

Review your data and form a conclusion – Experimenting with your business plan won’t mean anything unless you have a way to concretely and objectively measure its results. Methodically analyze qualitative data to form a solid conclusion about your business plan. One most important point to conclude is how much money you are going to spend on a specific project and how much profit it is going to generate.

As an entrepreneur, to get started with enough momentum, you are going to need a great idea. To transform that idea into a money-making product, you are going to need an experienced and affordable product development company in the USA.

The business landscape is constantly changing and evolving, adding new information to existing models. To know more about new product development for your business or to discuss the feasibility of your concept, feel free to contact the GID Development Corporation at https://www.gidcompany.com/

How to Keep up with the Altering Ecosystem of New Product Development

New Product Development

The ecosystem of new product development is frequently shifting to newer levels in an effort to meet the requirements and likings of customers. It, hence, brings a massive tasks on the side of product designing and manufacturing companies to cope up with the fluctuating arena of new product development. Here, as the needs of the potential customer changes, the rules for product design and development changes. Hence, the traditional methods that were cost effective, high-quality and showed diversity, now tuned out to be insufficient surviving the fierce competition prevailing in the current market. The product designers and developers at product manufacturing company (GID, California) concluded speed and flexibility as an essential aspect for a lucrative design and manufacturing of new goods.

By speed, the product designers and developers at GID convey that businesses need to manufacture new products on the periodic interval of time. In fact, even global statistics have concluded that it is the fundamental source of income for major companies across the world. With an emphasis on new product manufacturing in the respective industry, entrepreneurs around the globe are forced to search an established and experienced product development company that can help them in the entire design and development process.

To discover, how the arena of new product development has varied with the time, it is essential to do an evaluation of the traditional and latest design and development approaches. The old approach obeys a race relay method of product development in which teams or individuals are allotted definite jobs based on their skills or expertise. Therefore, the entire production system is bifurcated into various fragments that are to be executed on a particular stage in the manufacturing process. The same procedure is obeyed from stage to stage to a given order. Product manufacturing companies may vary in their methodology, but a universal manufacturing process might be something like this: origin of the idea, feasibility tests, product prototyping, pilot production, and the final bulk manufacturing.

The old designing and development method is based on specialization; however, the new approach is now being introduced by a product manufacturing company is based on constant communication. According to the latest manufacturing approach, rather than a dedicated team working on a particular phase in the development procedure, every team is expected to be the part of the new product manufacturing process, from begin to end. It is an open experimentation wherein any team involved in the project can share lucrative feedback at any phase of the product manufacturing.

The second and latest approach is perfect for entrepreneurs who wanted to achieve flexibility in designing and development. Additionally, this method allows companies to launch new goods in a frequent manner. This sudden shift in the industry dares the prevailing status quo through inspiration of ideas. According to professionals, it is a welcomed move as the old approach has created some sorts of stability to the development methods. The new manufacturing approach aids to boost up new ideas even for multinational companies.

As more development follows with this approach, there are a few extraordinary features that product designers and manufacturers are expecting would make a remarkable influence on future new product development. These are as follow – dedicated teams for each project, understanding stimulation, covering different stages of development, and refined control. The final point with this new method is that it stimulates initiative amongst employees at every phase to cope with the different needs of the new product development as you move along, rather than be restricted to a pre-defined system.

Product Manufacturing Company

We are GID, a USA based product design and manufacturing company, with an objective to help different businesses in designing, rapid prototyping, and developing new products from the scratch. In today’s fierce competition, new product development is an important business activity for every business owner, as it keeps the brand alive and active in the market.

For free tips / guidelines for new product development, product design, product prototype development and product marketing, feel free to contact GID at 714-323-1052. For a free consultation, or to discuss the feasibility of your concept (for new product), contact GID, a product development company, at www.GIDCompany.com

8 Steps to Take You From Product Design to Manufacturing

8 Steps to Take You From Product Design to Manufacturing

Every business around the globe operates to earn the profit by selling their products or services. The quality of product or service offered by them is directly proportional to their success. Thus, companies undertake extensive research and development work when they introduce any new offering in the market. Most entrepreneurs engage in research and development for a new product that they want to introduce to the market. However, product idea and product design are the most important aspects of new product development.

Product ideas can be worth their weight in gold, but unless you have the potential to transform that idea into a fully functional product, it is nothing more than just an idea. Being a product design and manufacturing company, we understand that not every business owner is technically sound and possess the ability to create a functional product on their own. Therefore, instead of getting stuck somewhere in the middle of the manufacturing process, it is advisable to hire a product design company to do the job professionally.

Hiring an external product design company is extremely beneficial, but if you still want to do the job by your own, then follow these steps to bring a product idea to life.

Step 1 – Product Idea

This step comprises of basic drawing revolving your product idea. Therefore, always ask yourself – what would be your product, for whom you are developing a product, what would be the features of your product, and how to make it user-friendly?

Step 2 – In-depth Research

Even though you might have a unique product idea, but make a research about whether your targeted market is ready for it or not. It is necessary to study the existing market trends and requirements. Therefore, you need to conclude what is currently ruling in the market and is there anything identical to your product concept. If you find something identical, then how is your product going to be better?

Step 3 – Product Design and Development

Make the use of information that you have collected from your survey/study. Based on the collected information, start creating product designs. But wait, when you are outlining the design of your product, you need to ask yourself the following questions:

  1. What is the job of my product?
  2. Will the product be reliable?
  3. Will my product be able to survive the rough use?
  4. Can the product be manufactured at a cost effective price?
  5. What will be the quality of my product?
  6. What raw material is best for development?

Step 4 – Research and Development of the Final Design

This is the final step to your product designing with dimensions and raw-material selection; therefore, before you move on to prototyping stage or manufacturing phase, make sure you have a complete sketch to work from.

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Step 5 – CAD

With the help of 3D modelling software (CAD – Computer Aided Design), you will develop a computerized 3D model of your absolute product design. These 3D models will often show up problematic areas where the theoretical stresses and strains on the product to be developed will be exposed. If any problem persists, it is a best phase of product development to handle the design errors and go back to step 4.

Step 6 – Prototype Development

Once you get the green signal from the previous step, it is the time to create a fully functional prototype of your product design using computer aided engineering systems. A physical model of your design is the best option for testing product features.

Step 7 – Prototype Testing and Feedback

Test your product prototype with family, friends, and potential financiers. You must be fair with your decisions while testing the prototype and listen to the feedback you get back from other people. Check, whether every part is functioning properly or not. If your prototype is not perfect, then move back to 3rd step and start on your product designs.

Step 8 – Product Manufacturing

Once you are satisfied with the performance of your product prototype, you can proceed to the manufacturing stage. Product manufacturing expenses entirely depend on the density of your product, especially, if there are numerous parts, material selection, high batch product or low batch numbers. Being a smart business owner, you need to consider these factors to make sure you manufacture a healthy product for handsome profit.

Follow these steps to take your product idea to manufacturing. Engineering plays a crucial role in custom product development, but marketing, sales, and manufacturing are crucial, too. A successful new product comes from the harmonic combination of insights from all areas.

To know more about product design and development service in California, please visit: www.gidcompany.com

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

How to Reduce Time to Market in Product Development?

How to Reduce Time to Market in Product Development?

GID is a product manufacturing company that assists its clients throughout the product development lifecycle, from product research and custom product development to quality assurance and maintenance activities. We also guide our clients in selecting appropriate technologies, platform and features before committing to any large financial outlays.

Reduce Time To Market Your product

In today’s competitive world and stiff market conditions, smart entrepreneurs must carefully allocate every penny. Not only money, but even time is critical in any product development because, when you plan to develop a product or service, you cannot be sure that your competitor will not introduce a similar product before you do. Therefore, time will decide the success or failure of your product introduction to the market.

There are many ways by which you can reduce a product’s time to market. A few of useful ways to reduce the project time is listed below. The points / tips are a good sample of the most common approaches taken by experienced project managers to reduce the project’s time to market:

Incremental Development

Incremental design and development is essential in decreasing product’s time to market and must be considered as the primary tool when starting a complex project. By incremental development, you can pick a subset of the features of the product specification; you work on that subset, test it and weigh it. The product is shown to the customer and to all stakeholders for comment. Finally, you can choose to release this subset to the market or move to the next step and pick other features from the specifications and include them to the product.

The beauty of this approach is that at any phase, you have a product which is functional and could be released to the market. In addition, by showing the product to the customer, you get instant reviews at the end of every cycle in product development. With this method, there are no hidden surprises, and the development team and the customers are in sync throughout the product development lifecycle.

Testing and Re-evaluation

At the completion of every development phase, the product is tested thoroughly and prepared for the launch. This does not contradict the concept of continuous deployment. The product is constantly tested and evaluated. As time progresses, the product gets more and more polished and functional. At any stage of the development life cycle, the product can be shown to the customer or stakeholders for evaluation and feedback. The motto behind this evaluation, at the end of each lifecycle, is to determine whether the product is meeting the specification or not? Whether, new changes are required or not?

Regular testing and evaluation helps to reduce the risk of project failure or delay.

Cross Functional Teams

For the desired result in the limited period of time, the product development company should have different teams of experts, which includes R&D, manufacturing, marketing and engineering. Keep the size of the team as small as possible, because as the member of the team grows, its efficiency is reduced due to maintenance and management factors needed for larger teams. Increased number of members in a team also increase the chance of rivalries and politics, which you don’t need in your team.

Agile Methodology

Agile methodology is an old yet an effective product manufacturing concept. There are several advantages of agile methodology for product development and even the most renowned design and development teams in the market today are practicing agile methodology. In the latter, the product is divided into several phases or so called sprints. At the completion of each phase, the team has a functional product which could be launched to the market or be used as the platform for the next phase. Agile reduces time to market substantially for most product developments and as an added advantage, it decreases the manufacturing cost.

Conclusion

A complex project development takes a lot of time and resources to come to fruition. Time to market plays a crucial role in the success or failure or any product. By employing the above mentioned tips / steps, a product manufacturing company can reduce time to market, manufacturing cost, and can have a better quality of products for their customers.

For more information or for custom product manufacturing, feel free to contact GID at www.gidcompany.com/contact-us

A Good Custom Product Manufacturer Can Make a Big Difference for Inventors

Custom Product Manufacturer

Inventors are truly innovative, aspiring individuals. They just see an ordinary problem and immediately visualize a practical solution to that problem. Oftentimes, however, these inventors take a difficult path to bring their ingenious innovation to the attention of prospective buyers.  An efficient business planning course will address such issues as expenditure and prospective return on investment, which have to be at least two folds the cost of product manufacturing. In this volatile economy, an additional goal should be to realize the innovation in such a manner as to reduce the risks to any licensing company.

Without the assistance of a good custom product manufacturer or in more general sense, a product development company, inventors may have to spend a significant amount on an invention patent and an equal or more on fruitless prototyping, only to find that the concept is not viable or too expensive to mass produce. Hiring the services of a reliable custom product manufacturer, you will be able to take the rough sketch you drew on a tissue paper and help create it into a tangible product with promising readiness for the marketplace. Below are three important steps to take along the way.

Assessment

Your unique idea will be developed or sculpted by a product designer or modeled in CATIA (Computer Aided Three-Dimensional Interactive Application). This step helps the custom product manufacturer to assess your idea for feasibility. A custom product manufacturer evaluates the feasibility of an idea from many perspectives like – Does the idea really provide a solution to a problem? (Before wasting large sums on prototyping, you will need to answer this question first). Can the idea be manufactured or mass manufactured? In addition, does your idea have financial feasibility, meaning will it yield adequate return on your total investment?

A reputed custom product manufacturer will allocate an experienced product development team with personnel from engineering, manufacturing, quality, testing, marketing, and other disciplines to work with you on your idea. This team will address everything about your invention, from design and prototype development through production and marketing.

Market Approach

What good is it to spend a significant sum of money on, prototyping and patenting an idea, which does not have any promising chance, to find a ready market? You might be thinking about your amazing invention for many years, and you are sure that everyone will accept it. Well, this may be true, but to evaluate the market substantially and objectively first is a good idea. Are you entirely sure that your idea is hundred percent unique? Someone might already had that idea and got the invention in the market. In such situations, a different approach is the best solution.

An experienced product development company will utilize qualitative and quantitative methods (market testing) to help improve your amazing product, distinguish it, and give it a boost it needs to reach the potential customers.

The Things Potential Buyers Need

Potential buyers need several things before they can fully understand the true value of your invention. They will certainly want to know that you have come up with a product forecast on the grounds of engineering analysis and market feedback. They will want to know whether your invention and its manufacturing processes are authentic. They will even want to know that you have acquired all the essential approvals and certifications.

Additional things to support the invention may include various manufacturing analysis info, thesis on your materials and technology selection, and a case study. Further, operating instructions, maintenance manuals, and end-user documentation may also be necessary.

Working with a custom product manufacturer is the best and economical way to develop these things and materialize the idea you once drew on a tissue paper into a tangible product with high value in the market. Choosing the right custom product manufacturer is important, too. You will surely be spending significant time, effort, and money, and that is why, you will need find the right custom product manufacturer for you and your brilliant idea.