Common Mistakes During New Product Development

Common Mistakes During New Product Development

The success of a business enterprise entirely depends upon its products and innovations. Good products and innovations arise from efficient product development strategies. Numerous new products hit the market every week, but not many actually yield the kind of return that the enterprises had expected. So what seems to be the problem?

Most businesses often miss out on several important aspects of the product development process, which ultimately factors to the failure of the entire project. Consequently, they end up overspending and missing the predetermined launch date only to introduce a new product that isn’t precisely the best. In order to avoid this pitfall, what can businesses do? Well, they should avoid the following common mistakes:

Not Performing the Market Research

Prior to the new product development, failing to carry out thorough market analysis and research is one of the biggest mistakes that businesses make.

Not performing the research leads to the failure of the entire project, as businesses have no vital information about what the consumers actually want, how they can meet their demands, and how they can address the prevailing problems.

While every business has deadlines to meet, it is essential to make a habit of performing extensive market research before moving on with the new product development process. This way, businesses can escape any likely mistakes and create a decisive plan that will lead the way for better future product developments.

Not Planning for the Future

A new product development is all about bringing new innovations for the future. Product designers and product developers spend a considerable amount of time in creating solutions that will not only give a respectable return in the present, but also in the future. Not planning for the future factors directly toward bad product development. It will also affect future product development endeavors.

In order to avoid this, ensure to design your new product for the present as well as for the future. This way, you will be able to devise simple, yet useful products with superior features that can also address the future needs. Therefore, when you have a solid idea, ensure to analyze and visualize how it will function and perform in the future with the advent of new technological advancements.

Not Focusing on Product, But on its Benefits

Most businesses believe that a successful new product should offer a number of benefits to its potential consumers. While it is an excellent approach to product development, it may raise several issues and problems in situations where the new product actually cannot provide what was suggested or quoted. Remember, the focus of the product development team has to be on the development of the product itself instead of the benefits offered. Eventually, the consumers will purchase the product for its benefits, but if you do not focus on the limitations of the product, the final result would be an exceptional new product that maybe no one would want to buy.

Pricing it Too Low or High

One of the main objectives of every business is to gain maximum return on the new product they bring in the market. Nevertheless, if the price of the new product is too high, the consumers will not buy it and if the price is too low, the business will fail to make the profit. Therefore, the price of the new product has to be on par with the advantages or benefits it offers. The business also needs to consider the purchasing power of the target market while setting the price for its new product.

Remember, if the price is high, the consumers will probably ignore the new product, and the product will remain on the shelves, leading to a big loss. Therefore, a business needs to ensure to price its new product based on the price its competitors charge.

If you want to learn more about new product development or if you want to create a successful new product, GID Company can help. GID Company, a new product design and product development company in California, USA, has vast experience in designing and developing successful new products for its clients. Utilizing the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, the professionals at GID Company even help develop new product prototypes at reduced costs. Aside from new product design, product development, and product prototype development, GID Company also helps with product branding, product packaging, manufacturing, inventory management, and more. To learn more about GID Company, just visit https://www.gidcompany.com/.

Currently, the new product development expert in the US, GID Company is also offering a free 15-minute telephonic consultation with one of the veterans, Jim Grimes. You can call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST.

8 Steps to Take your New Product Idea from Concept to Consumers

8 Steps to Take your New Product Idea from Concept to Consumers

steps involved to bring a simple product idea to life and take it to the market, i.e. to the intended consumers. If you are an innovator with a solid new product idea, wanting to materialize your brilliant product concept, then here are 8 steps that you need to heed and follow.

Step 1: New Product Concept

This step usually consists of rough sketches of your new product idea. If you have not put your product idea or thought, on the papers yet, then you should immediately do so. Doodle rough sketches of your concept. Along with sketches, it will be very helpful to furnish some information about your product. Write down what your product is, what features it will have, how the consumers will use it and so on. If you have knowledge of computer, then prepare the rough sketches and note down the info about your product in a good computer application.

Step 2: Extensive Research

After drawing rough sketches and writing down info about your intended product, you might now have a good overall idea about the new product. Now perform a market research: is there any demand for your new product? Whether any similar product or products exist in the market? If similar products exist, how is your new product going to be better? What region will be profitable? You need to answer such questions in order to create and launch a successful new product.

Step 3: New Product Design Development

After gathering valuable info from an extensive market research, you can proceed to develop feasible product designs for your new product. New product design can be complicated; you need to answer several questions in order to create a viable product design for your new product:

  • What are the functions of my products?
  • Will it withstand rough use?
  • Will it be re-usable?
  • Can the product be developed at a reasonable price?
  • For mass manufacturing, will the manufacturing process be easy? Does the product contain multiple parts?
  • What will be the quality of the product?
  • From which materials can the new product be made?

All these questions and more need to be answered while creating new product designs for your product.

Step 4: New Product Prototype Development

When you get a viable product design, you can then proceed to create prototypes based on the design. A prototype is the first tangible form of your new product idea. You can see it, touch it and actually feel it. A product prototype can be as simple or as complex as you want. With a product prototype, you can actually get a complete picture of your new product. It also helps attract potential stakeholders, and eventually, the capital that is needed for mass manufacturing. Product prototype development in the past was expensive; however, with the advent of new technologies, for instance, Dassault Systèmes’ 3DEXPERIENCE platform, New product prototype development is now cost-effective.

Step 5: Testing & Feedback

This is a very important step. Once you have a solid product prototype, you can perform various tests on it. Test it to see whether it works the way it is intended to work. You can also test its sturdiness. After testing the prototype, give it to a group of potential consumers and see how the consumers react. The group of potential consumers will also give valuable feedback, which you can implement before developing and launching the final product. If certain tests fail, or if there are certain features that need to be added, you can go back to Step 3 and Step 4. Thereafter, you again need to perform Step 5. You need to keep on doing this until you achieve a well-accepted product prototype.

Step 6: Mass Manufacturing

Once you have a well-accepted product prototype, which has passed tests and has all the features that the potential consumers had suggested, you can proceed to mass manufacturing. For mass manufacturing, you can go to an already established manufacturer, or you can set up your own production facility; it all depends on the capital you have.

Step 7: Quality Test, Packaging, and Branding

The final product needs to pass through various quality tests. The final product should be flawless in terms of quality, design, and functionality. While the final product is going through quality tests, you need to come up with suitable packaging for the product. You cannot simply give a bare product to the consumers. You need to have a proper package for your product. Along with the packaging, you also need to develop a brand name of your product. You need to come up with unique, enticing logos for your product. Further, you also need to develop certain promotional items for your new product. Advertising and publicity are also necessary in order to let the consumers know about your new product.

Step 8: Launch

Finally, it is time to launch the product in the market. By now, you will already have enough stock of your product. Arrange for the proper channels for your product distribution. You will also need to arrange or set up proper outlets where you can sell your product.

Well, that is it. These are the steps that you need to heed and follow to bring a new product of your own into the market. Mind well, these steps may look simple, but they are not. It requires considerable time, effort and resource. While you can do these all on your own, there are certain product design and product development companies that can help you out. For instance, GID Company can help you materialize your idea, and also help take your new product to the potential consumers.

GID Company is a product design and product development company based in California, USA. They have numerous years of experience in new product design and product development. Whether it is new electromechanical products, medical device products, products with electronics, products with imbedded software, or any other types of products, GID Company can design, develop, and deliver it to the market.

GID Company is also offering a free 15-minute telephone conference with one of the product design and development veterans, Jim Grimes. You can call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Essential Tips on Prototyping Your New Product

Essential Tips on Prototyping Your New Product

The most important step that follows after conceiving a brilliant new product idea and creating a viable product design is developing a product prototype. A product prototype is a tangible form, that is, which you can see, touch, feel and sense, of your product concept.

Product prototype development is the best thing you can do in order to take your concept further. A product prototype not only gives you the idea of how your product will look and feel like, but it serves other important purposes as well. For instance, you can use your prototype to impress potential stakeholders and generate finance in order to take your product further to the market. A product prototype also helps you identify design or function flaws and rectify them in the early stages, before bulk manufacturing. Not to forget, a product prototype also serves as an excellent sample or model on which you can try different things to make the final product even better. Overall, product prototype development is an essential step that you, as an entrepreneur or innovator, should not overlook.

Here are some tips on prototyping your new product

Determine the type of prototype you require:

It is extremely important to understand the purpose of your product prototype.

  • Is it for you to evaluate the feasibility of your product design?
  • Is it for you to determine whether the product will be practical and/or lucrative for bulk manufacturing?
  • Is it to impress potential stakeholders and get funds to take your product further?
  • Is it to just sell on any crowdfunding platform?

Do not spend too much on prototyping

You do not need to spend hundreds and thousands of dollars on product prototype development. Initially, all you have to do is create a simple prototype. Use cardboards or polystyrene foams to make your prototype. You can exclude most aesthetic aspects and functions in the early prototypes. After you achieve what you expected from the prototype, like feasibility for bulk manufacturing or feedback from potential consumers, you can increase your budget for developing a solid prototype with most or all aspects included. For that, you will need to hire a product prototype development company.

Hire a product prototype development company that uses the latest technologies

If you need a solid prototype, which includes most or all functions, find and partner with a product prototype development company. Product prototype development companies use rapid prototyping solutions, such as CAD (computer aided-design) applications, and additive manufacturing techniques, such as 3D printing, in order to develop fully-functional and visually beautiful product prototypes, quickly and accurately.

Go for manufacturing of the final product, but keep it in small batches

There is no need to bulk manufacture until you fully understand the market demand and the acceptability of your new product among the consumers. You also need to derive the profitability of your product. If you go for bulk manufacturing from the onset, you might end up with inventory that you cannot move and is unprofitable. To ensure such a thing does not happen, manufacture your product in small batches initially.

If you need assistance with New product prototype development, then GID Development Corporation is here to help. A product prototype development company in California, USA, GID Development Corporation has vast experience in product prototyping. They use rapid prototyping solutions, like Dassault Systèmes’ 3DEXPERIENCE platform, which includes CATIA V6, SOLIDWORKS, ENOVIA, SIMULIA, GEOVIA, and other apps, to develop new product prototype quickly, accurately, and economically. Get in touch with them to learn more about new product design, product prototype development and product development.

GID Development Corporation is currently offering a free 15-minute telephonic consultation with one of the product development experts, Jim Grimes. Jim is available at 714-323-1052 between 8:00 AM – 5:00 PM PST. Call Jim today!

Electromechanical Products – They Don’t Appear Out of The Blue!

GID Company – They Don’t Appear Out of The Blue!

While new product development is the systematic process of designing, developing, and taking the new product to the market on behalf of innovators, electromechanical product development is the same process.

Electromechanical products are those, as the name signifies, that comprise both electrical and mechanical components. While the overall concept of electromechanical product development remains the same as normal product development, realizing or developing electromechanical products requires additional electrical and mechanical engineering. Although the addition of electrical engineering and mechanical engineering processes or procedures to product development may sound simple, it is not so.

Electrical engineering is a broad engineering genre, which pertains to the study and application of not only the electronics and electricity but electromagnetism, as well. While these are unfathomable subjects to a normal person, the end products of electrical engineering are all the things that run on some form of electricity, which we normally see around us daily. Ranging from light bulbs to power grids to computers to smartphones to automobiles to spacecraft, everything that requires some sort of electricity to operate is a result of electrical engineering.

Mechanical engineering is even a broader field of engineering than electrical engineering. It involves the study and application of mechanics, thermodynamics, kinematics, electricity, structural analysis and material science to name a few. Again, these are

difficult-to-understand concepts, but the end products of mechanical engineering are machines and devices that we see around us every day. Wristwatches, toasters, shower faucets, door locks, elevators, automobiles, aircrafts, are all some of the finest examples of machines and devices that resulted from mechanical engineering.

These days, more and more people demand new and revolutionary electromechanical products – products that could change their lives, make their everyday tasks easier. Innovators do have the potential to come up with breakthrough electromechanical product ideas, but realizing or materializing these ideas into real products on their own is something quite impossible to achieve. Fortunately, there are certain product design and product development companies that help these innovators fulfill their dreams.

New product design and product development companies, which are capable of developing new electromechanical products have extensive skill sets that innovators need. These product design and product development companies have the product designers, product engineers as well as industry leaders (think-tanks) who can utilize these engineering principles and work along with tools like CAD (computer-aided design) programs and PLM (product lifecycle management) solutions to generate designs, create prototypes, and eventually final electromechanical products. Not only electromechanical products, but using their skill sets, these product design and product development companies can create medical device products, products with electronics, products with imbedded software, and pretty much most of the unique products.

If you happen to be an innovator or have an idea for electromechanical products, medical device products, products with imbedded software, products with electronics or any other kinds of products that you would like to materialize and take them to market, the GID Development Corporation can help.

Led by industry veterans having over 40+ years of experience, the GID Development Corporation is a product design and produce development company based in California, USA. They have the in-house capabilities to complete new product design, product development, product prototype development, production setup, product manufacturing, branding, packaging and other product fulfillment services. Utilizing the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform that includes CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, 3DEXCITE, and more, GID Development Corporation significantly reduces the product fulfillment time and cost, i.e. product design time and cost, product prototype development time and cost, etc., allowing them to accomplish their customers’ vision quickly, at reduced costs.

Whether it is the designing, prototyping and development of revolutionary electromechanical products, medical device products, products with electronics, products with imbedded software, or any other types of products, GID Development Corporation will “Get It Done.”

Learn more about GID Development Corporation, their engineering procedures, the technologies they use, and how they can help bring a product idea to life, by visiting their website https://www.gidcompany.com/.

You can also Call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST for a free consultation.

Finding a Reliable Plastic Product Manufacturing Company

Reliable Plastic Product Manufacturing Company

All those businesses that use plastic parts are not necessarily going to manufacture them on their own. They need to go to a plastic product manufacturing company to source their plastic products need. The plastic product manufacturing companies can provide inventors and businesses what they want, but there are many companies established, and not all of them are same. It will be in your best interest to make a wise choice when it comes to choosing a plastic product manufacturer. Here are a few tips, which can help you choose a reliable plastic manufacturing company that will cater to your plastic parts demand.

For starters, consider what type or types of materials the company uses. Each manufacturer may differ from one another, and not all plastic product manufacturers are going to utilize all types of materials for manufacturing plastic products.

While some may utilize polyurethanes, others may use polyethylene terephthalate, polyamides (nylon), polyvinyl chloride, etc. There are many other common and special-purpose plastic materials available, each suitable for specific purposes; hence, make sure the company you may decide to choose is able to recommend and handle the particular plastic material that you want for your products or parts.

The next thing to consider is the location of the plastic product manufacturer. If you are in the US, it is obvious to choose a plastic product manufacturing company in the US. There are several benefits of choosing a domestic company. It reduces the amount of time it takes to receive your products; it reduces the exorbitant shipping costs; it enables you to visit them personally; and so on. A domestic plastic manufacturer also provides quick turnaround when needed. Make sure to visit the manufacturing facility of the company; it will give you an idea about their capability.

Some plastic manufacturers also offer other services that may help you with your overall product design and development. The ancillary services that these plastic product manufacturing companies provide may assist in the development of a design that is going to be perfect for you and your product. Some companies may also help with product prototyping and testing to help you assess the viability of the product and see if any modifications are required. Finding such companies and working with them can certainly be worthwhile for you.

A number of inventors and businesses can benefit by teaming up with a reliable plastic product manufacturing company. These include medical, agriculture, sports equipment, transportation and retail to name a few. You have the option to choose a plastic product manufacturer that predominantly deals only in the manufacturing of plastic products or you can choose a company that, along with manufacturing, provides A-Z services ranging from product design and product prototype development to product enhancement and distribution.

If you are looking for a reliable plastic product manufacturing company in California, USA, which provides A-Z services, then GID Company is worth considering. With extensive industry experience, they provide exceptional product design, prototype creation, product development, plastic product manufacturing and other product fulfillment services. Jim Grimes at 714-323-1052 8am to 5pm PST for a free consultation.

To learn more about GID Company, visit their website https://www.gidcompany.com/.

How to Create your Product Prototype

How to Create your Product Prototype

If you have a concept of a new product in mind, the most important thing you can do to see whether it will work is to bring that product idea to life. In order to bring that product idea to life, the best and the safest approach is to create a prototype – a tangible representation of a concept or product.

Product prototype development may or may not be complicated, but it is certainly time-consuming. However, considering the end result, a physical realization of your product concept, it is certainly worth it to spend some time and efforts for product prototype development.

Here is a list of steps for how to create your product prototype:

Prepare a clear drawing of your innovation

It is all right to scribble your innovation on a tissue paper or a rough piece of paper – product ideas can strike at any time! However, make sure to keep that doodle safe until you make a clear drawing somewhere safe. From your rough sketch, draw it out clearly in a sketchbook. Include every detail, like how it will look, its dimensions, its surfaces, etc. Further, write down the list of features that your product will have.

If you know how to use CAD (computer-aided design) software, it will be very helpful to make a CAD sketch as well. It is obvious you will have plenty of drawings; hence, make sure to date them as it may assist you later on when it comes to patent ownership issues.

Build a non-working version

Using foam, plastic, wood, metal or any other materials you are comfortable with, create a non-working model of your innovation. A non-working model will let you gauge the size and form better than clear drawings that you drew in your sketchbook. A non-working model does not have to be perfect or pretty-looking, but it should resemble like your product as much as possible.

Create a plan for how to develop a working model

Once you got the non-working model, it is time to start thinking about how to create a working model. Consider the size, function and usefulness of your product. Think whether it will be of plastic, rubber, metal or some other material. Take into account the product’s important physical qualities. Think about its strength, flexibility and tactile aspects, for instance, its surface’s smoothness.

Make an exhaustive list of all the things you will need. Refer it as many times as possible to ensure you have not left out anything. This list will be very helpful when you decide to go to a product prototype development company; they will use this list as a guide for determining the cost of new prototype development.

Getting your working product prototype manufactured

Creating a non-working model of your innovation can be easy, but developing a fully functional prototype can be challenging. For that reason, you will need to reach out to a reputable product prototype development company. While working with a product prototype development company certainly is an excellent and sensible idea, there are a couple of things to keep in mind when partnering with them.

Sign a non-disclosure agreement (NDA)

Before sharing your drawings, it will be in your best interest to get the NDA signed by your new product prototype development company. As the term suggests, it will prevent the company from sharing your concept with third-party or someone else.

Describe your concept thoroughly

Prototype development companies are experts; however, it is essential to describe your idea as clearly and thoroughly as possible to them. Tell them what you think, explain them about how your product should look like, how it should work, who can use it and so on. This will not only help them provide you an accurate quote, but it will also help them understand what you actually want and what you actually expect from them.

If you are looking for an experienced product prototype development company in California, the GID Company is worth giving a shot. With decades of rich experience in new product design and product development, the professionals at GID Company can help develop exceptional prototypes and test them. They can even help with the enhancement of the prototype and bulk manufacturing of the final product. Jim Grimes at 714-323-1052 8am to 5pm PST for a free consultation.

Learn more about GID Company by visiting https://www.gidcompany.com/