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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 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 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 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.

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Product Development

How to Take Your New Product with Electronics to the Market?

So you have a novel idea for a new product with electronics? How would you realize your product idea and take it to the market? Well, develop a product prototype, get it bulk-manufactured, and start selling! It sounds very simple, isn’t it?

The reality: nothing is simple or easy about introducing a new product into the market. And, it is even more challenging and arduous when it comes to introducing a complex product, like a new product with electronics, to the market.

Most budding innovators have the false impression that they can take a new product from concept to consumers in a short time, like within a year. That is not true for most products – even untrue for simple products.

Taking a new product with electronics to the market is expensive. Most innovators and startups do not have enough money or risk tolerance to create a definitive product in one step. If they, however, take several small steps, they can get success with their new product. Here is what an innovator or startup should do in order to realize their product and take it to the market.

Validate the Product Concept

In order to prove your product concept, the best thing you can do is create a product prototype. You will need to have a functional prototype of your conceived product. While developing a prototype, ensure to keep the cost of development as low as possible. Since your conceived idea is for a product with electronics, you will need to use breadboards as well as certain electronic modules.

A breadboard helps create an electronic prototype without the need of a specific or definitive PCB (printed circuit board). A breadboard is generic and reusable, so you can create any circuit on it again and again. It is an excellent board for creating and experimenting electronic prototypes.

To create a prototype for a product with electronics, you can also use Arduino. Arduino is a popular electronic development kit, which helps create advanced prototypes for products with electronics. Arduino is a microcontroller-based kit, and the best thing about it is, it is very inexpensive.

Electronic modules are those components that are designed to perform specific functions. For instance, electronic modules may be used to execute functions like video capture, GPS, Bluetooth, and Wi-Fi among many others.

While a product prototype is not something that you can sell into the market, it is certainly the “Thing” that helps you prove, your conceived product idea actually works.

Validate that the Product Will Sell

In order to prove that your conceived product can actually be sold in the market, you will need to create a definitive prototype – a close substitute for the final product. This close substitute or definitive prototype needs to be produced in a small quantity so that they can be sent to the market for testing and getting valuable feedback.

Innovators will never know what the customers precisely want. They can assume, but will not know what the potential users actually want. The best way to know what the customers want, however, is with their feedback!

So to create a close substitute or definitive prototype for your product with electronics, you will need to look farther than electronic development kits (breadboards and Arduino). What you will need is actual printed circuit boards, specifically designed for your conceived product. On this PCB, you will need to integrate actual electronic components. This prototype should perform all the functions that are expected in the final product.

Unlike initial prototypes, creating definitive prototypes is challenging. Therefore, partnering with a product prototype development company that has experience with the development of products with electronics is a good idea. Such a product prototype development company has the knowledge in the field of electronics, and will help create definitive product prototypes that can be put on the market for testing and getting feedback.

Now the Profit

In order to make the profit, you need to create a perfect final product or an archetype, bulk manufacture it, and send the bulk-manufactured product to the market to the actual customers. An archetype of a conceived product is created after eliminating defects and improving certain functions based on feedback received on the definitive prototype.

Once the archetype is ready, the next step is to partner with a manufacturer. Since it is a product with electronics, it will need a plastic casing. Therefore, you need to partner with a unique plastic product manufacturer who not only specializes in plastic product manufacturing but also in handling electronics. If the unique plastic product manufacturer has the experience in helping take the bulk-manufactured products with electronics to the market, then it is an added advantage. Else, you will need to find professionals who can help bring your new product to the market.

If you have a unique idea for a new product with electronics and want to realize the product and bring it to the market, then professional help is available! GID Development Corporation, an eminent product design company in California, helps innovators in designing, prototyping, and developing a wide range of products, including products with electronics, electromechanical products, products with imbedded software, sports products, medical device products, and more. Aside from product design, product prototype development, and new product development, GID Development Corporation also specializes in plastic product manufacturing. With its plastic product manufacturing specialization, GID Development Corporation can help bulk manufacture a wide range of products. The professionals at GID Development Corporation also assist innovators to take their new products to the market.

To learn more about GID Development Corporation, a leading product design company in California, visit https://www.gidcompany.com/.

You can now have a free 15-minute telephonic conference with one of the professionals at GID Development Corporation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Design

The Importance of New Product Design – Manufacturing Cost Perspective

Introducing a new product into the market is a dream come true for every inventor. Introducing a new product, however, is not easy. While conceiving an idea and outlining it on a piece of paper might be simple, creating a new product from that idea is certainly a challenging task. New product development involves the creation of a constructive new product design, development of alpha and beta prototypes, testing of the prototypes, development of production tooling, mass-manufacturing of the new product, distribution of the new product, and many other crucial processes in between. Each new product development stage is vital, but in this blog, we will shed some light on new product design.

Like every other stage involved in new product development, the stage of new product design is very important. Because it comes in the early stages of new product development, understanding the product design stage demands a bit more attention. Besides, since it is one of the primary stages of new product development, the entire outcome depends on it; hence, more care is needed during this stage – the product design stage.

The success of any product heavily relies on its product design. Product design by definition can be said as, “a process of defining and creating constructive designs for a product, so as to ensure that the new product becomes successful in the market.” New product design addresses numerous things, however. For one, during the product design stage itself, the inventor can get a clear idea whether or not it is possible or feasible to create the new product. Another crucial thing the product design addresses to is the cost of manufacturing the conceived product. Most inventors, often overlook this “new product design and cost of manufacturing” aspect. In fact, some inventors do not even know what the effects of new product design are on the cost of manufacturing the final product.

Product design is not only defining and creating alluring designs for the new product, but it is also about crafting practical, functional, and cost-effective designs for the new product. Aspects such as, how many parts the new product will have, how compact or large the parts will be, what material(s) the parts will be made of, what process will be used in the production of those parts, and many others are also included in product design. After numerous brainstorming sessions, computer analysis results and mock-ups, a perfect new product design, or at least, a near-perfect new product design for a product is realized, which is beautiful, practical, functional, and most importantly, the one that facilitates economical mass-manufacturing.

Developing an efficient new product design is indeed an overwhelming task, and it might be impossible for inventors to develop such efficient designs on their own. Fortunately, there are professional product design companies, like the GID Development Corporation, that specifically deal with creating sensible new product designs and helping inventors develop successful new products at economical costs.

GID Development Corporation, an eminent new product design company in California, USA, has the experience, knowledge, tools and a team that help inventors with constructive product designs for their new product ideas. Utilizing cutting-edge technologies, like 3D EXPERIENCE Platform from Dassault Systèmes, which includes SOLIDWORKS, CATIA V6, and other apps, and their decades of experience, the veterans at GID Development Corporation create definitive product designs that are neat and functional as well as feasible and economical to mass-manufacture. Whether it is creating an efficient product design for electromechanical products, medical device products, products with imbedded software, products with electronics, or any other generic or special-purpose products, GID Development Corporation will “Get It Done!”

Some of the product design principles that GID Development Corporation follows include:

  1. Derive visually-appealing product design that is error-proof to assemble and easy to mass-manufacture with shortened product development cycle time
    • Determine and select cost-effective material(s) and production process
    • Attain a knowledge base of tooling requirements
    • Develop efficient production tooling
  2. Create a modular product design with minimized parts count
  3. Design parts with self-locating features
  4. Design parts with self-fastening features
  5. Emphasize “Top-Down” assemblies
  6. Design for a base part to locate other components
  7. Design for component symmetry for insertion

Adhering to all the above product design principles, and other ubiquitous as well as unique design principles, GID Development Corporation creates exceptional new product designs, which facilitate economical mass-manufacturing.

Along with new product design, GID Development Corporation also helps inventors with new product development, product prototype development, product prototype testing, product pre-tooling development, product mass-manufacturing, product branding, product distribution and many other product fulfillment services.

Learn more about new product design company in California, GID Development Corporation, by visiting https://www.gidcompany.com/.

Currently, GID Development Corporation is offering a free telephonic conference to help answer various product design and development-related questions that inventors may have. Anyone who is interested can just call Jim Grimes, one of the veterans at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.