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New Product Idea

New Product Ideas – A Complete Guide To Get The Best Ideas For Product Development

New product ideas are indeed helpful to stay in the world of entrepreneurship which is indeed a competitive one. There are so many new products that are being created every single day and it can be hard for entrepreneurs and enthusiasts to know where to start. There are so many product development companies that you will find in the current competitive market. But it will be beneficial for the growth of your business if you get the innovative and unique product ideas from a highly experienced and expert product development company such as GID Company.

Our professionals will help you take your idea from the drawing board and bring it to life in the marketplace. We can build market-ready products for you based on your innovative and amazing product ideas. But our experts will also assist you in advising or suggesting the best product ideas that will excel in the market. In this article, we will help you go through the process of generating new product ideas and assist you in turning your product idea into a reality.

How Can I Find Inspiration For A New Product Idea?

One of the most important aspects of product development is coming up with a new idea. This is often difficult and time-consuming as there are many aspects to consider. Many doors can open up with new product ideas if you are actually looking in the right place. Some of the most common ways to get a new product idea include:

  • Brainstorming
  • Researching market trends
  • Observing your surroundings
  • Customer Feedback or Suggestions From Other Stakeholders

Brainstorming is when people create a list of all possible ideas for a product. They will then follow the process of ranking the best ideas based on how much they believe the idea will succeed. Some companies like Apple have developed their products by brainstorming new products continuously.

Researching trends is another common way to come up with new product ideas. If you pay attention to what your audience wants, you’ll be able to see what they’re interested in and possibly get a bucket of new and unique product ideas that would actually help your consumers or end-users.

Watching the trends of your industry can help you discern whether your idea is competitive. While observing your surroundings is a good way to come up with new ideas for products related to your industry. If a lot of people are wearing sunglasses, for example, it could indicate that there’s a trend coming up that’s worth looking into.

Additionally, gathering information and details about your business competitors will help you stay ahead of the curve and it is the key factor a business follows in any industry. To figure out the competition, try visiting the websites, social media pages, and the online reputation of your competitors. Make sure to keep up with your followers to stay in the competition and do not wait to try out something new with your unique and astonishing product ideas.

Sources Of Good New Product Ideas Include:

The sources of good new-product ideas are like a vast ocean waiting for enthusiasts and individuals to explore. Most people find the sources of new product ideas by looking at the world around them. While others look at what other companies are doing. Some people think that they should be looking for new product ideas in their own company, but sometimes, this kind of approach can be a mistake because it is difficult to see what is happening in your own backyard.

People who have an idea for a new product often think that they should not tell anyone about it because they want to keep it a secret or patent it before telling anyone else about it. This can be a mistake as well. Because other people might have the same idea as you and if you don’t tell anyone about your idea then you will never know if someone else had the same one as you did first. Therefore, keeping your idea in your mind will not bring an opportunity to improvise the product ideas that people already have. At GID Company, we have brilliant minds who can act as your source of new product ideas. Feel free to contact them at +1714-323-1052.

Most New Product Ideas Come From Innovative Environment

The environment of innovation is what sparks new product ideas. It can be in the form of a new idea or an old idea that was never executed. But most new product ideas come from your surrounding environment. It is a proven fact that if you will look around yourself, there will be a hundred things that go unnoticeable. Changing your point of view to look at things can help you find new product ideas easily. 

A lot of companies have an innovation department. These departments are responsible for generating and executing new ideas that come from the company’s employees. Innovation departments are often found in startups and tech companies because they need to be agile and innovative to keep up with the rapid pace of technology advancements.

Innovation is not only limited to a company’s employees, but it also includes its partners, customers, and suppliers. Companies will often go out into their community to find a diverse group of people who can help them generate innovative and new product development for the company’s next big project or product launch.

Which Of The Following Represents An Internal Source Of New-Product Ideas?

Product managers are responsible for generating new product ideas and bringing them to market. Most of them spend their time researching the needs of customers, analyzing data, and collaborating with other departments to develop products that will meet those needs and requirements of end-users. Internal sources that can provide new-product ideas are as follows:

Sales team - GID Company

Sales team:

Salespeople have a good idea of what customers want because they talk to them every day.

Customers:

If you ask your customers what they want, they might not know how to articulate it, but they’ll know when they see it.

Marketing Team - GID Company

Marketing Team:

Marketing teams can observe trends in the market and identify the best opportunities for new products.

Engineers  - GID Company

Engineers:

Engineers often have a good sense of what is technically possible so their input is invaluable when brainstorming new products.

External Source Of New Product Ideas For A Company

Many companies in the market are struggling to come up with new ideas for their products. However, they often run out of product ideas, and they also don’t have the time or resources to invest in research and development. To solve such a problem, some companies have started using crowdsourcing platforms like Quirky or Crowdspring. These platforms allow companies to post a request for a product idea, and then they give access to a wide range of people who can pitch their idea. The company or business then reviews and analyses the product idea pitches and selects an idea that suits best for their industry, knowledge, and expertise.

Crowdsourcing has the potential to be a good solution for new product ideas, but it does come with some risks. Since these platforms are open to anyone, there is no guarantee that the suggestions will be flawless. Additionally, it won’t be possible for companies to verify whether the person submitting an idea has any skill in developing products or is a newbie pitching random ideas. We recommend getting assistance from product development experts to obtain reliable and new product ideas.

What Are The Best Resources To Find Inspiration For A New Product Idea?

Well, every business owners, as well as entrepreneurs, have their own unique and different personality and opinion which will lead them to find inspiration for a new product idea in their own distinctive manner. Some people believe that the best way to find inspiration for a new product idea is to take an existing product that you are interested in and then use it as a basis for your own unique product idea.

However, some people also consider that a great way of finding inspiration is by looking at the competition. You can do this by using tools like Google Alerts or BuzzSumo to monitor what others are doing in your industry and see if there are any ideas you can get inspired from.

Another way of finding inspiration for a new product idea is to look at the market and see what people want actually. This could be done through surveys or focus groups or by simply asking people on social media what they want or expect from your kind of business.

Although there are so many ways and approaches to help you get a new product idea for your business, it depends on your expertise, experience, and preference for which ideas to choose and implement.

Companies Looking For New Product Ideas Should Contact GID Company

GID Company is a leading product development company in California, USA providing product a wide range of services including product ideation, designing, prototyping, testing, development, and market-launch. Having more than 20 years of experience in the industry, GID Company helps other companies improvise old product ideas or generate new product ideas that can succeed in the current market. Our highly experienced and well-versed professional product experts and engineers provide companies with excellent ideas to develop helpful and market-ready products. Companies that are seeking assistance to develop or generate new product ideas should contact GID Company to get impeccable product ideas along with a marketing strategy advice on how to develop a product efficiently. If you have a great product idea and want to turn that product idea into a market-ready product, feel free to Contact Us or call us at +1714-323-1052. You can also follow our official social media handles – Facebook, LinkedIn, Twitter, and YouTube

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Product Design

5 Deadly Product Design Pitfalls for an Entrepreneur to Avoid in 2022

After conceptualization, product design is the first, and one of the most complicated steps involved in the new product development that scare entrepreneurs the most. In the beginning, everything appears to be perfect; however, gradually, the initial product design undergoes modifications to form a new design, which then undergoes more modifications to form another design, eventually bringing the entire project to halt. As an entrepreneur, while designing and manufacturing a new product for your customers, if you have ever faced such crucial situation, then here are five product design pitfalls to avoid in 2015.

Meeting a Need

The procedure of product design is intended to meet the requirements and answer the problems associated with new product development. It may sound simple, but requires experienced professionals having latest designing tools such as CATIA V5, CATIA V6, and many other CAD and designing software. With the product design step, as an entrepreneur, you should aim to solve problems without creating more. Avoid extra and unwanted features that can frustrate your customers.

Not Able to Design User Centric Products

You are manufacturing a product for your customers; hence, it is your responsibility to keep their likes and dislikes in mind while designing it. Your products should be able to solve the problems of your end-users, or it should fulfil their requirements. Moreover, don’t overlook human factors such as how your product will be used, is it ready to bear rough use, is it waterproof, and similar questions. If you get a chance, interact with your potential customers and try to find out their views and feedbacks about your new product idea, and even ask for some inputs. The most successful product designs are the ones that the end users can admire for aesthetics. Keep the end-users’ requirements in mind but at the same time don’t ignore creativity or its coolness.

Designing for Design’s Sake

In many cases, it has been observed that entrepreneurs get covered up in what appears “Cool” or “How Beautiful the Design is”, and commence the designing process with the intention to hit the bull’s eye instead of handling the real issues. Don’t just design a product because you have to do it, in fact, find effective solutions to real-time problems and try to meet the requirements of your end-users. A rewarding product design is the one that meets or exceeds the needs of its end-users.

Fixing the Wrong Issues

Industrial product design is a highly creative and fluidic procedure, but do not confuse “Fluidity” with “Out of Control”. Gradually, as a product design takes shape, things are discovered, and tangents emerge. For entrepreneurs, it is wise to stay focused on the real concept and design intent, and don’t let your design raise a new problem or solve the wrong one.

Safety

Every day, thousands of new products are poured into the market to win hearts and to make profit. However, end-users prefer to buy products that are useful as well as safe. Therefore, you need to design a product that is useful, safe, as well as have some jaw-dropping features that can amaze your potential customers. Offer your customers a product, which they can share or tell their family and friends about. Spare some time to conclude likes and dislikes of your customers, and try to integrate those features into your project.

If you are an entrepreneur, then it is recommended to avoid these five deadly pitfalls mentioned above as it can ruin your entire project. Feel free to contact the GID Development Corporation, California, a full-service product design and development company specializing in a design, engineering, rapid prototyping, rapid tooling and new product manufacturing. We can be reached at 714-323-1052 or visit: https://www.gidcompany.com/contact-us

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Product Development

Product Development Cost Estimation – Things You Must Know

One of the most important things that may not cross your mind when you are thinking about a new product idea is the cost estimation for product development. It is possible that you are thinking about dozens of things and problems your unique and amazing product may solve. But at the same time, it will be beneficial for any individual to realize figure out how deep the pockets are. Knowing your budget will help you focus on why and how you should estimate the cost of the product development process.

Whether you have been in the product development industry for many years or if you are a newcomer thinking of covering the entire market, product design and development cost are the key factors to concentrate your thoughts on. Not only the cost of the product development can seriously affect your business but also it may have a great impact on budget planning. If you are investing your fortune in getting prototype development services, then you will have to face some difficulty if the cost estimation of the overall product development is not appropriately calculated.

Factors To Consider Product Development Cost Estimation

In order to calculate an overall product development cost estimation when we are talking about product development, there are basically some important factors. We can consider the production stages of a new product as different stages or phases of the product development process. Getting a clear idea of all the product development phases will be helpful in guessing the budget required for the product development. Our product development company will make sure to guide you through the entire process. The stages of the product development will involve the following phases:

Design Phase:

In this phase, you will not have a product to showcase but you will have a half-baked idea of how your product should look and function. The choice of material, planning, and designing the product will be the key factors to prioritize in this phase of product designing.

Prototype Phase:

Once the design of the product is finalized, your product moves to the prototyping phase in which a prototype model is developed. The prototyping phase is now a lot easier than before due to the prototyping companies offering new and advanced platforms.

Production Phase:

The production stage comes after the product prototype model is successfully developed and ready. Of course, you can make some minor changes that will help fulfill the needs and requirements of the customers. In this stage, the product is developed finally and you will know the exact cost of the product development.

Distribution Phase:

In this phase, you may have to work with third-party companies to distribute the product. Once you will reach the product distribution phase, you will have a clear vision and goal of the product along with the production and distribution cost estimation.

Hire GID Company – A Leading Product Development Company in California To Develop A New Product

If you are looking for a top-notch product development company in California, USA, then there is no better product design and development company than GID Company. Our expert product developers, engineers, and designers are committed to providing our valued clients exceptional product development services. Want to schedule a free consultation with our highly experienced GID Company professionals? Feel free to give our professional designers and experts a call at +1714-323-1052. Get the latest updates on trending topics and subjects related to product design and development by following us on Facebook, LinkedIn, Twitter, and YouTube. Explore our profile on Clutch , GoodFirms and DesignRush.

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Product Design Product Development

Get Exceptional Product Design and Development Services At GID Company

Are you in search of getting top-notch product design and development services in California, USA? Do you want one of the finest product development companies such as GID Company to develop a rewarding product? If yes, then there is no other product development company better than GID Company.

With having years of experience and expertise in the product development industry, GID Company happens to be the best product development firm in California. By implementing an efficient strategy and following the effective product development process, our well-versed professionals will make sure to develop a market-ready product for various small as well as large businesses.

Most of our clients consider GID Company as one of the top reputed and popular product development companies that offer exceptional product design and development services. As we have been providing consistent and convenient product development services, we share a strong bond of trust and faith with our valued customers.

Not only does our experienced professionals will share each and every detail about the product development process but also our product designers and engineers will ensure cost-effective, agile, and rapid solutions. To get more information or idea about our concept development corporation, feel free to scroll through our official website at https://www.gidcompany.com/.

After understanding your vision and thoughts about the product, our expert professionals will craft out the exact market-ready product that according to your demand.

Once you have hired our well-versed and skilled product designers, they will fulfill all the product requirements and needs. The most important thing that you need to know about our product design and development firm is that we believe in offering unmatchable product quality.

Our clients will never have to compromise with the quality, functionality, and compatibility of the product. Also, you will not have any kind of problem with our charges as we offer cost-efficient solutions. Scroll through our portfolio to learn about the products we recently developed. 

Discuss The Product Development Process With Our Expert Professionals

Choosing GID Company to get exceptional product design and development services will definitely be proven beneficial for your business or firm.

If you have a brilliant and unique idea escalating through your mind about the product you want to launch in the market and boost your business. Then you need to schedule a friendly consultation with our courteous and helpful professionals to discuss your product ideas and requirements as well.

Do not hesitate to give us a call at +1714-323-1052. Make sure to Contact Our Experts and let them handle all your queries or doubts about our product development process. Want to connect with us on social media? Check out our Facebook, LinkedIn, Twitter, and YouTube profiles.

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Product Design

GID Offers The Best Product Design In California – Contact Today

Are you looking for a reliable and trusted concept development corporation that can provide the best product design in California? Do you want to find a smart way to turn your unique and innovative ideas into reality? If yes, then you should get your product developed by one of the leading product development companies in California, USA. GID can offer the most effective, rapid, and agile product design and development solutions. Most entrepreneurs are in search of getting cost-effective product design and development rather than spending a huge fortune to get nothing in return. Navigate through our official website now at https://www.gidcompany.com/ to get more information about how well we offer product design in California.

Being a leading and top-notch concept development corporation, GID has offered satisfactory, effective, and efficient product design services to many small as well as large firms. Our professional experts will not only understand your innovative and out-of-the-box ideas but also suggests new possibilities or opportunities that can help you build an excellent product. At GID – Product Development Company, we will try our best to acknowledge your vision and guide you to achieve the estimated fortune. Our product manufacturing experts will make sure that the product will be built according to our client’s specific requirements and needs. The trust and faith that our clients have in us are what gives us the motivation to excel in designing and developing each product.

Having years of experience and expertise in providing excellent product design in California, GID helps many business owners launch their own customizable products in the market. Prioritizing your short as well as a long-term plan, GID will provide you a well-versed strategy to move forward and achieve everything you desire. Along with offering product design and development services, our concept development corporation will suggest to our clients a unique and extensive approach to launch and promote the product. To get more information on the successful products we developed, please visit Our Portfolio.

Get in touch with our concept development corporation

Whether you are a little confused about how to move forward with the idea of developing a new product or if you are not sure about the promoting or launching strategy of your unique and amazing product, getting in touch with GID Concept Development Corporation will be proven beneficial. From the implementation of the product idea to product development to product launch, our experienced professionals will be more than happy to assist and guide you through the overall process of product designing and development. Want to get the best product design in California? Feel free to call our product design experts at +1714-323-1052 or Contact Us.

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Product Development

The Costs Involved in Taking a New Product to the Market

When it comes to realizing a new product idea into the physical form, many entrepreneur inventors underestimate various costs that are involved. These inventors underrate not only the product development costs but most of the other vital costs as well.

Underestimating the costs is especially true for medical device products. Inventors should never make the mistake of misjudging various costs, as it can hinder their success. Rather, they should learn and know all the different types of costs involved in bringing a new medical device product into the market.

Remember, the total cost to take a new product from just a mere concept to a mass-manufactured product widely varies. If it is a complex product, the total costs may reach to a hefty figure. Anyway, let us look at some of the most common costs that are involved when it comes to realizing a new medical device product into a physical form and taking it to the market.

Product Design Costs

The conceived product idea needs to be elaborated, and product design helps in this regard. Rough, hand-drawn sketches are carefully drawn into proper drawings by the professionals. These drawings are then elucidated even more using computer applications, like CATIA, SOLIDWORKS, etc.

While creating the drawings or 3D models using a computer application, many changes are also made and tested in order to achieve a definitive and feasible product design. Making professional drawings and computer-generated 3D models requires experience and skills, and it costs a reasonable amount of money. The computer application itself, by the way, will cost a substantial amount of money.

Product Prototyping Costs

Every new product idea needs a prototype. Based on the definitive product design, a product prototype can be made. A product prototype gives the clear understanding of how the conceived product will physically look, feel and function. At the same time, a product prototype helps test the conceived product, eliminate any defects, and enhance certain functions.

Product prototype development is a complex task as it involves creating near perfect examples of the final product. It is arduous and intellectually challenging job. It will cost a substantial amount to develop definitive product prototypes.

Product Development Costs

Based on the product prototype, the final product is developed. Since it is a medical device product, the product development costs can be broken down into (normally) three groups: the mechanical, the electronic, and the plastic.

While the mechanical and electronic do all the magic, the plastic is responsible for holding the product together. Sometimes, instead of plastic, other materials may be used, but plastic is the most common, versatile, and economical material of choice.

Normally, the mechanical and electronic will be the most difficult and expensive to develop, and they will share a big proportion of the product development costs. The plastic parts or components will, comparatively, cost less to develop.

Copyright, Licensing & Certification Costs

While the normal copyright and licensing costs may not be exorbitant, the fees that inventors have to pay, if they hire professionals, are something worth considering.

For novice inventors, the process of acquiring the copyright and other licenses may seem overwhelming. At the same time, in order to protect the invention, acquiring the copyright and licenses is essential. For that reason, inventors may need to hire professionals who would help obtain the necessary copyright and licenses. These professionals will charge fees that are worth considering.

For medical device products, inventors need to obtain certain certifications from the US Food and Drug Administration (FDA). Acquiring these certifications will also cost some money.

Production Setup Costs

Inventors need to set up production facilities in order to mass manufacture the conceived product. Establishing a production facility is no easy feat, and it requires a considerable amount of capital.

Since it is a medical device product, hybrid production facility, which can mass manufacture and assemble mechanical, electronic, and plastic components, needs to be set up. Further, because it is a medical device product, the facility also needs to have a sterile environment. Forming such a facility will cost a massive amount of money.

The inventors, of course, have the option to partner with existing manufacturers, but that will also cost – not as much as establishing own facility, but a significant, nevertheless.

Well, these are just some of the common costs involved in materializing a new medical device product into a physical form and taking it to the market. Other costs such as branding, packaging, logistics, marketing, and so on are also involved.

If you are an inventor and need help in realizing a new medical device product and taking it to the market, then GID Development Corporation can help. A product development company in California, GID Development Corporation specializes in new product design, product prototyping, product development, plastic product manufacturing, and other product fulfillment services.

Whether it is medical device product development, electromechanical product development, sports product development, generic or special-purpose product development, GID Development Corporation will surely “GET IT DONE!”

Want to learn more about the professional product development company in California, GID Development Company? Just 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.