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Product Development Product Development Company Product Development Life Cycle

Product Development Life Cycle – Understanding The Steps and Stages!

The product development life cycle consists of many important aspects to consider when you want to develop a new product from scratch. As an entrepreneur or product creator may know, the product is the sole reason behind creating interest among customers and driving sales. However, the process of taking your half-baked idea from inception to product launch is hectic and somewhat complex. One should know that each process of the product development life cycle will be a little different based on the end product. However, the process is almost the same when looking at the main steps of product development.

A step-by-step plan is indeed crucial when we are talking about new product development, of course, if you want the product to succeed in the market. Each and every phase of product development has its own importance in the product development cycle. Whether you are a newcomer or an experienced entrepreneur opting for building a creative and powerful product from scratch, you will need to find an expert product development company such as GID Company. Let’s move forward to find out more about the product development life cycle and process.

What is Product Life Cycle?

The product life cycle is the amalgamation of stages a product goes through from its launch in the market to termination. There is a minor difference between the product life cycle and the product development life cycle. That’s the reason why most people often consider both terms the same. You will get more ideas by comparing the important stages of the product life cycle and product development life cycle. The main stages of the product life cycle are as follows:

Introduction

The product is in the introduction phase and new to the market. The introduction phase begins once the product is launched in the market for the end user. The customers or end users will use the product for its specific purpose.

Growth

When the product is becoming popular among its customers, it will be gaining traction and grow consistently. The growth stage will depend on various factors such as the quality of the product, the price range, and how useful it is for people.

Maturity

The product reaches the maturity stage in the product life cycle when it reaches peak market penetration. The product reaches its maximum limit to grow in the market and eventually, will keep holding its position or degrade over time but not exceed the peak point.

Decline

The product will lose its market share over time after it obtains the maturity stage. The product may have to be discontinued under circumstances where the product owners deal with the loss for a considerable period of time.

Product Development Life Cycle For New Products

Basically, a product life cycle is a process of developing a new product by generating a new idea and defining the development process to creating a product prototype model and later on, developing, and launching the actual product. The product development life cycle actually describes how a product goes through each and every stage from inception to launch.

The process actually explains how the new product ideas are actually brought to the market after their successful and precise design and development. The product development experts will craft a well-planned and efficient process to ensure reducing the risk and maximize the chances of leading the product in traction. The product development life cycle defines the accurate path for new product development.

7 Stages Of Product Development Life Cycle

Product development is a process that involves the creation of a new product or service. It starts with an idea, which is then developed into a prototype and can be tested for viability. The process then continues to the production phase, where the product is manufactured and sold to customers. Finally, the product can be improved or changed in order to meet customer needs. Highlighting the different ways to categorize steps in the product development process, here are the important 7 key stages of the product development life cycle. 

Ideation

Generating new ideas for new product development is indeed the first step in the product development life cycle. The main motive of the product development company is to identify new problems as well as opportunities and have a clear idea of how to resolve them. The best thing to not do in the ideation stage is to judge the feasibility of the idea. Take the help of professionals if you want to let creative ideas flow through the product you are developing. The ideation stage involves market research, competitive research, and customer analysis to define the product scope, features, and needs.

Validation

Following through the ideation stage in which you might have a list of creative product ideas through brainstorming, the second stage of product development begins. The validation stage actually is taken into account to filter through product ideas that are worth investing in and product ideas to avoid. In this stage, one can speak directly with potential customers to get a clear understanding of what they need in a product. It will be an advantage if you are trying to pre-sell the product in the validation product development life cycle stage.

Prototyping

Before moving on with the prototyping stage, you should ensure to have a list of the features and functions your product should have. Based on the defined requirements and scope, the product prototype model of the actual product is built and developed. Using wireframing tools such as Figma or Sketch, it will be easy to build a working prototype model. The prototype model is then tested by product testers and improvised accordingly to make it flawless.

Marketing

As soon as the product prototype model is developed successfully, it will be time to identify your potential customers and reach out to them with an effective marketing strategy. Consider marketing on social media and your current customer base if any and request them to share feedback and pain points. Ensure to establish the KPIs (Key Performance Indicators) using your preferred advertising mediums such as paid advertising, blogging, social media, etc. A well-planned marketing plan can offer you the desired results. 

Development

Start with the product development phase once you have finished with the marketing strategy of your actual product. With our years of experience, we believe that the end goal of the product development stage is to get the product to the market at the earliest. It will be better to define a deadline for a product launch in the market and divide the time into small manageable works to get you one step closer to the finished product.  

Launch

When it is time to launch the product into the market, there are several things to finalize such as finalizing integrations, billing, user tracking, and analytics. The main thing when launching the product is to ensure everything is running smoothly and up to expectations. The product should be well-tested from each and every angle possible. You can opt for a product launch event to boost your product’s marketing and increase mouth-to-mouth advertising.  

Improvement

As you know, product development is not a one-time thing, a product will have to keep improvising with time. Once your product is launched into the market, you need to keep tabs on how it is performing and identify the flaws or weaknesses of the product and work on improvising the actual product for customer satisfaction. Take note of the end-users behavior, then tweak your existing features and functions of the product or add a new one. With consistent improvement in the product, it will be gradually successful in the market.  

Get In Touch With Us & Clear Doubts About Product Development Life Cycle

With an expert and well-experienced product development company like GID Company, it will be possible for your business to reach new heights and success in the market with a newly-launched product. We are here to help you find the right product development experts to serve your product design as well as development requirements. To clear all your doubts and questions, please feel free to give us a call at +1714-323-1052 or Contact Us. To get the latest updates, please connect with GID Company on Social Media – Facebook, Twitter, Instagram, LinkedIn, and YouTube.

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New Product Development USA Product Development

Here Are 3 Common Mistakes People Make During New Product Development

We are sure that you will be curious to know the 3 most common mistakes people make during new product development. Well, whether your new product or prototype model will be a success or not depends on the quality, features, functions, innovations, and the product itself. However, you should also take the time and resources needed to develop such an innovative product with the help of an efficient product development strategy. There are so many business owners and entrepreneurs out there who are launching new products every week in these competitive markets. Hence, the less time needed to develop a market-ready product, the more chances you will have to excel in the market.

While developing a product from scratch, there are several aspects that most businesses either avoid, miss out, or unknowingly skip to take into consideration and thereby, commit mistakes that they shouldn’t. Making mistakes is indeed normal when developing a product from nothing, but one should not make the same mistakes that others have already made. So, to avoid the pitfall and turn your entire product development project into a failure, you should read the below-given most common mistakes during new product development. The 3 common mistakes that one should keep in mind are:

The first and most important part when developing a new product is performing a proper market analysis and research based on the current market trends and competition. It will be beneficial to learn who your competitors are and what they are doing to attract potential customers. Avoiding market research and analysis is indeed the biggest and most common mistake entrepreneurs do when they need to build up a market-ready product from scratch.

Performing market research and analysis for the particular product will provide you with information on what your customers actually need. Hence, you can define a product with relevant and required features as well as functions that can help your customers or ease up their work.

Concentrating On Rewards and Not Product Quality

There are so many product owners and entrepreneurs who believe that a product should provide a number of benefits to its end user. However, with this kind of approach and end goal in mind, developing the final product will surely be a challenge as there are limitations to the product you have in mind. During the product development process or after the product is developed, you will regret focusing on the benefits your product can offer instead of developing the product itself.

Concentrating on your product development team to develop the product of the best quality can yield unimaginable results. Even with the limited benefits, many customers will happily purchase the product and get satisfied with its quality, durability, and functionality. So, it will be better to focus on the product entirely rather than only aiming at the benefits.

Set The Product Cost Wisely During New Product Development

Analyzing many small as well as large businesses, our observation says most people have a goal to obtain maximum return on the product they launched in the market. Keeping more profits in mind, people often make the mistake of setting high margins on the new product. But the reality strikes differently than what they desired. Most of your potential customers will think that the price of your product is too high and would look at other alternate options no matter the quality and number of features your product offers.

As the cost of the product plays an important role in sales and business growth, one needs to choose it wisely. One should make sure to choose a cost price of the product that is neither too high nor too low. With a price range just right for your customers to digest, your product can beat the top competitors in the market. 

Want To Get Quality Assistance For New Product Development? Contact Us Today!

When it is about developing a new product from scratch, making mistakes that lead to product failures is the last thing anyone would want. If you are choosing GID Company to partner with for new product development then you would not have to worry about anything. We have a team of professionals with an experience of more than 15 years in the product design and development industry. Our professionals will be more than happy to provide you with quality assistance and guidance by not letting you make the common mistakes people make during new product development.

From product design to product development, GID Company can help you with almost everything related to new product development. To get more information on product development services we offer or get a quote on building a new product, kindly give us a call at +1714-323-1052 or contact us. Also, you can connect with GID Company on social media platforms – Facebook, Twitter, Instagram, LinkedIn, and YouTube.

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Product Development

3D Printing & Injection Molding for New Product Development

3D printing technology and injection molding technology, both compete with each other. When utilized in synergy, however, these technologies deliver exceptional results. 3D printing and injection molding both help in rapid prototyping as well as in new product development. Despite the trend for different kinds of 3D printing processes is rising, the actual product manufacturing is done with injection molding. On the other hand, 3D printing proves to be a more effective and popular approach for rapid prototyping.

If you want to learn specifically about 3D printing, read this blog. If you want to learn specifically about injection molding, read this blog. If you just want a quick comparison between 3D printing and injection molding, then continue reading.

3D Printing & Injection Molding

Well now, what is the difference between 3D printing and injection molding? 3D printing and injection molding are both completely different. There are different types of 3D printing techniques, but among them, the most prevalent one is Fused Deposition Modeling (FDM). The FDM 3D printing technique works by melting the material, commonly plastic, and shaping an object by ejecting the molten material, one drop at a time in succession. The FDM 3D printer follows inputs from a design file, created by the CAD software, and basically “prints” the object layer by layer.

Injection molding, on the other hand, works by melting the material and injecting it with pressure into a pre-designed metal mold. The mold, usually of steel or aluminum, has a cavity of a certain shape in which the molten material is forcefully filled. The molten material in the cavity of the mold stays for a while to cool and harden. Once the material is sufficiently cool, the mold opens, and the material is ejected, as a definite object.

What about the time? 3D printing a single object takes considerable time than a single injection mold cycle. In order to 3D print a complex object, it might take many hours. Whereas, injection molding can produce the same object in a matter of minutes, provided that there is a definite mold for the object, made and available beforehand.

What about the cost? Injection molding, especially for a basic object or part, is substantially more expensive than 3D printing. When it comes to new product development, you first need to design the prototype of your product. In the case of 3D printing, this prototype design will be the first and last step. Once you have the prototype design, all you need to do is upload it to the 3D printer and press “print.” In a matter of minutes or hours, depending on the complexity, you will have your part ready.

In the case of injection molding, prototype design is the first step. After prototype design, the next step is designing and creating a definitive steel or aluminum mold, which helps produce the part. Making this mold is actually very expensive. Nevertheless, with the mold ready, you will be able to create numerous identical parts, which may prove economical in the long run.

What is the future of product manufacturing? Now, one thing is certain, the 3D printing technology is advancing quickly. Currently in the market, there are different types of 3D printers available. Among those, the most common type is a Fused Deposition Modeling (FDM) 3D printer. FDM can efficiently 3D print plastic parts. It does prove to be ideal and economical for creating plastic parts for product prototypes.

When used in conjunction with injection molding, however, the overall product development or product manufacturing will prove to be efficient and cost-effective. For product prototype development, you should use 3D printing. After developing the prototype and enhancing it to make it free from any defect or error and ready for mass production, you should employ injection molding, through which you can manufacture parts in bulk quantity, swiftly and inexpensively.

New product development is never easy. It demands significant time, money, efforts, and resources. A coherent approach to new product development, however, can ease the heartache of manufacturing new products.

Need help with new product design and product development? Get in touch with GID Development Corporation today. GID Development Corporation is one of the leading product development companies in the US. Based in California, GID Development Corporation provides agile and economical product design, rapid prototyping, product development, product manufacturing, and other product fulfillment services.

No matter how complex the conceived gadget or product is, GID Development Corporation, an expert product development company in California, will help you realize it. To learn more about GID Development Corporation, visit https://www.gidcompany.com/.

Have any questions regarding 3D printing, injection molding, product design, or product development? GID Development Corporation is offering a 15-minute, FREE telephonic consultation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Design Product Design Engineer

Rapid Prototyping – A Boon for Innovators, Product Designers & Industrial Engineers

Product prototype development is one of the most crucial steps in the life-cycle of new product development. As the need to build product prototypes faster increased, better techniques were developed, which eventually lead to the inception of rapid prototyping.

Developed by 3D Systems, a company providing comprehensive 3D products and services, rapid prototyping today has revolutionized the product design and development industry, allowing innovators, product designers, industrial engineers, and product manufacturers to rethink their product development approach.

Rapid Prototyping – What is it?

Rapid prototyping is a bundle of techniques, which help in crafting various materials, including plastics and metals, into models that represent the product concept. Rapid prototyping gives innovators, product designers, and industrial engineers the ability to hold, feel, and test as many product prototypes as they need in order to make the final product fully functional and safe to use. Rapid prototyping has ousted the need for conventional casting, molding, or machining in the manufacturing process.

Rapid prototyping is a common term for the process that quickly fabricates a conceived object or product with the help of three-dimensional (3D), computer-aided design (CAD) data. The 3D CAD data is uploaded to a special machine or printer that swiftly constructs the required component. The popular term, “3D Printing” is a prevalent example of the rapid prototyping technique.

Today, the rapid prototyping practice has been widely embraced by product development companies that design and develop electromechanical products, mechanical products, electrical and electronic products, medical device products, sports products, and other complex products.

Advantages of Rapid Prototyping

Due to its ability to construct an object or product quickly with the help of computer data, rapid prototyping is a resourceful tool to build product prototypes in a faster and more efficient way. Innovators rely on product prototypes to prove that their concept really works. By being able to develop their conceived item swiftly, innovators are able to share the concept efficiently with potential stakeholders and manufacturers in a real, tangible form. This is an essential step, also known as “Proof of Concept,” and it is quickly becoming an important standard in the new product development process.

Product prototypes also play a very vital role in detecting any design defects prior to the product manufacturing process. In order to eliminate design defects completely, numerous product prototypes are needed, and rapid prototyping is just able to do that, in a swift and efficient manner. After rapid prototyping an item, defects are detected, which are then corrected, and again a new prototype is created. The process is perpetual until all the design defects are eliminated. Product development companies that employ rapid prototyping techniques are eventually saving their clients substantial sums in product development by repeatedly and swiftly delivering a number of product prototypes, which are worked upon to make the final product better.

Although not a core part of the product development process today, rapid prototyping has begun to help shape and reshape the approach towards new product manufacturing. The revolutionary techniques are making things easier for product prototype development. Product designers, industrial engineers, product development companies, and product manufacturers who have embraced these contemporary techniques are already helping their clients (the innovators) in a much better way.

Need help with rapid prototyping? Perhaps with product design or product development or product manufacturing? Contact GID Development Corporation today.

We are a leading product development company in California, US, and we provide fast, efficient, and economical product design, rapid prototyping, product manufacturing, and other product fulfillment services.

At GID Development Corporation, our product designers, industrial engineers, and other personnel have vast experience and knowledge in bringing product concepts to life. No matter how complex a conceived product is, we will bring it to reality. Whether it is developing an electromechanical product, electrical product, electronic product, mechanical product, medical device product, or any other novel product, we will “GET IT DONE!”

To learn more about us, the leading product development company in the US, visit https://www.gidcompany.com/.

A free 15-minute telephonic consultation is available. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Concept Development Product Development

Steps in the New Product Development

New product development may seem as simple as forming an idea for a revolutionary product, manufacturing it, and putting it on the market, bringing it to the customers. Well, the reality is that new product development is a complex process, which involves contributions from many skilled individuals. New products should not only be useful inventions that can be mass manufactured and sold for profit, but they should also be safe to use, protected by intellectual property rights, and more importantly, be easily marketable.

Here are some steps, explained by GID Development Corporation, a product development company in California, USA, which are involved in new product development.

Germinating Ideas

The primary stage of a product development is coming up with a fantastic idea for a new groundbreaking product. Oftentimes, new products are introduced in the market by first recognizing a specific need in the market and then developing a product to satisfy that need. Sometimes, revolutionary product ideas also occur just by chance or an unusual incidence that triggers the concept in the mind of the innovator.

Researching Plausibility of the Idea

The next stage of the product development is finding out the plausibility of the idea. In other words, the innovator needs to find out the degree of acceptability, usability and the value of the conceived new product. Knowing how well the potential customers will receive the new product is vital. It prevents a lot of time, money, resources and efforts on the development of products that are worthless to the potential customers.

Concept Development

Development, or rather, enhancement of a concept is the essence of new product development. It includes, but not limited to getting a grip on the basics, such as market research, material selection, material costs, product design costs, prototype development cost, overall manufacturing costs, potential profit, target regions, target customers, and so on.

Actual New Product Development

Actual new product development is the stage where the conceived idea and all the researched and concept development data are amalgamated and put into action. A product development company starts with the creation of new product design, using researched data. After the creation of a definitive product design, the company moves on to the development of prototypes. Then, the prototypes are tested, and changes are made until an idealized new product is realized.

Bulk Manufacturing

After realizing an ideal new product from the conceived idea, the product is bulk manufactured. Usually, it is affordable to outsource bulk manufacturing. If the budget is not the constraint, your own production facility can also be set up to bulk manufacture the new product.

Commercialization

The commercialization stage of new product development involves packaging, branding, logistics, warehousing, as well as rolling out the advertising and marketing campaigns. In short, commercialization is a stage of bringing new products to the market and to the potential customers.

New product development is a complex, time-consuming, and arduous process. An innovator cannot tackle the new product development process on their own. Luckily, product development companies, like GID Development Corporation, are established that can help innovators with the entire product development process.

GID Development Corporation is an American product development company based in California. Utilizing their vast experience and the most advanced technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, which includes product design and product development apps, such as CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, and more, the veterans at GID Development Corporation assist innovators in every stage of new product development. Whether it is the development of medical device products, mechanical products, electrical products, electromechanical products, products with imbedded software, or any other types of products, GID Development Corporation will always thrive.

To learn more about GID Development Corporation, visit https://www.gidcompany.com/.

GID Development Corporation is currently offering a free 15-minute telephonic consultation. Anyone who is interested should just call Mr. Jim Grimes, one of the pros at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Development Company

ElectroMechanical Products – Get It Done at The GID Development Corporation, USA

Electromechanical product development is not a difficult process but, yes, a bit more complex than ordinary product development processes. It includes the same of sets of manufacturing stages including, conceptualization, designing, prototyping and bulk manufacturing. But, what are exactly electromechanical products?

Electromechanical products can be defined as products with both electrical and mechanical parts. The whole process of electromechanical product development remains the same as the routine product development, the only difference is, realizing and manufacturing of these products necessitates supplementary mechanical and electrical engineering. The process of integrating electrical engineering and mechanical engineering in a product may sound simple, but in fact, it’s a complicated process demanding 100% precision.

The branch of electrical engineering is widespread with in-depth presence in almost every genre of product. It deals with the study and application of not only the electronics and electricity but electromagnetism, as well. While these are some misunderstood topics for a common inventor or a business person, the final products of electrical engineering are all the things that operate on some form of electricity, which we usually see in our surrounding daily activities. This may include products such as power grids to computers to light bulbs to smartphones to spacecraft to automobiles, everything that requires some sort of electricity to operate is a result of electrical engineering.

On the other hand, mechanical engineering is a branch of engineering that is multiple times broader than electrical engineering. This genre of engineering comprises the study and application of thermodynamics, electricity, mechanics, kinematics, material science and structural analysis to name a few. Unlike other branches of engineering, mechanical engineering is also quite difficult for a normal person to understand; however, the final products of mechanical engineering are machines and devices that we find in our surroundings. Most common products in our surroundings that utilizes one or other principles of mechanical engineering are toasters, door locks, automobiles wristwatches, elevators, aircrafts, etc.

In the 21st century, the demand of multipurpose and revolutionary electromechanical products is surpassing every expectation. These list of electro mechanical products involves every product that could make people’s life more comfortable and convenient. Innovators / entrepreneurs have the ideas for awe-inspiring electro mechanical products that could change the way we live and perform our day to day tasks, but conceptualizing and bring those ideas to life is bit complicated or impossible for most of them. Opportunely, there are product design and development companies that help these innovators / entrepreneurs live their dreams.

If you are an entrepreneur or innovator with an idea for electromechanical products, products with imbedded software, medical device products, products with electronics or something similar that can create a buzz in the market, the GID Development Corporation can help.

With more than four decades of industry experience and a significant track record of customer satisfaction, the GID Development Corporation is an American product design and manufacturing company led by industry veterans. Based in California, GID has the in-house teams of product designers, engineers, prototyping experts and project managers to bring ideas to life in the most lucrative manner. For the development of 100% precise product development at reduced cost and time, they utilize the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform that includes CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, 3DEXCITE, and more.

They have the team, technology and vehemence required to the development of revolutionary electromechanical products, products with electronics, medical device products, products with imbedded software, or anything else, GID Development Corporation will “Get It Done.”

Learn more about GID Development Corporation and how they can help you bring your ideas to life Call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST for a free consultation. Checkout our product Willis Auxiliary Power Systems.