Need Help Reducing Time To Market Your Products?

Do you need help reducing time to market your innovative and creative products? Are you looking for a reputed and leading product development company in California, USA? Well, if you have developed an amazing product and if you are searching for an effective way to reduce or decrease the time to launch your product in the market then GID Company is the perfect product design and development firm to approach.

With the help of GID company, it will be possible for our valued client to understand the complex product development lifecycle in a simple way. We have a team of professional product developers and designers that can guide you through our process from product research to product development. Our experts can also provide you with appropriate advice for marketing or launching the product in the competition.

Reducing Time To Market

As you know, current markets are becoming more and more competitive which is why it will be a little bit difficult for fresh products to rule it. No matter how you act smart when launching the product in the market, you cannot be sure whether your competitors have already introduced a similar product or have been working on it. Hence, the best strategy for being successful in the current markets is by launching your innovative products as soon as possible. There are indeed a handful of ways to reduce the time to market your products after final development. Here we have listed down some useful ways to decrease the time to launch in the market.

Incremental Development

Incremental development is one of the most important tools when you want to decrease the period between product development and launch. With the help of incremental development, it will be possible for any entrepreneur to select and define the features and specifications of the product they want to design and develop. The product will be out to all stakeholders and some customers to get feedback or comments on the product’s advantages or faults. Hence, you can get genuine improvement points and act accordingly to move to the next step quickly. By implementing this approach, you can have a fully functional product to launch into the market and minimize the time to market it.

Testing and Re-evaluation

Well, testing the product during each phase of the product development process will be beneficial. Although it may seem a little time-consuming, testing the product thoroughly at every product development stage can not only make the product polished but also the functionality and features will be accurate. Another advantage of following this method of testing and re-evaluation is that you can showcase your product to the customer or entrepreneur at any phase or time period. The product can be accurately tested and it will be easy to determine whether the product meets the defined criteria and has the required features or not.

Cross-Functional Teams

One should hire a product development team that has expertise in different phases such as product design, ideation, development, testing, and marketing. To get the desired result and to reduce the time to market, a product development company should have an experienced cross-functional team who can provide quality manufacturing, engineering, and development. On the other hand, you should also note that as the number of team members increases, the efficiency decreases. The cross-functional team can work accurately on the product and will make sure to launch the product withing a limited time.

Our Experts Can Help Reducing Time To Market Your Full-Fledged Product

There are indeed a lot of factors that can affect the defined scope of product development. But our team of highly experienced and skilled can help reduce the time to market launch your products. The time to market your product plays an important role in defining whether the product will be a success or needs improvement. We are sure that now you will have a clear idea of how you can reduce or minimize the time it takes to launch your innovative product in the market. At GID Company, our team holds expertise with every prospect of product design and development. Contact our professionals today at +1714-323-1052 and we can craft feature-rich as well as functional products for you. Get the latest updates on product development by following us on social media – Facebook, Twitter, Instagram, LinkedIn, and YouTube.

I Have An Invention Idea But No Money? What To Do? Check This Out!

“I have an invention idea but no money, what should I do now?” is the question that you may ask whenever you have an innovative and unique idea for an invention. But you do not have enough funding or fortune to make your dream a reality. In this article, you will get to know almost everything about what you should do if you have been looking for a way to a patent, get sponsors, or develop a market-ready product from your invention idea.

What Should I Do With An Invention Idea But No Money?

Invention ideas are not always the most lucrative but it is somewhat difficult to get funding for an idea, especially if you don’t have a prototype or a clear market for it. However, there are still ways to make money from your invention idea. That’s why you have been looking for tips on how to make money from your invention idea without any funding so that you can continue to bring your idea to fruition and put it into the world.

If you have a product idea that requires capital, then it is possible to generate income by licensing or patenting the idea. This can be done through patenting the idea, contracting out its manufacturing or design to a manufacturer, or selling it on a job-to-job basis. In case, you have a great invention idea and if you want to get the best out of it, then you can consult with a product development expert or a product development company.  

I Have A Good Idea For A Product, Now What Options Do I Have?

Is there a way for you to move forward with an invention idea without money? Can you turn your product idea into a profiting business? Yes, of course, you can. But it is essential for you to have the right guidance and way to turn your invention idea into a reality. There are a lot of ways to go about getting your product idea off the ground. Here are some of the most common methods:

Research the market about the demand

The first thing you should do is research and analyze the current market trends and how your invention idea or product idea can impact it. You need to test your innovative idea to check whether it will be useful for people or specific customers. Once you figure out the right market and customers, you should think about developing a prototype.

Generally, there has been a growing demand for new, creative products, and services that help people in their daily lives. Whether it’s packing lunches for the kids, going on vacation, cooking a meal to share with friends, or anything in your day-to-day life, almost everyone wants to check out solutions that make life easier. If the audience thinks that your innovative inventions can help them, then you will definitely be able to build up your business.

Seek and search out for investors

After finalizing the market and audience, the next step will include searching for interested investors. It will be beneficial for you to fund the invention idea with the help of investors. Although there will be some profit margin set for investors, you can get the needed funding to prototype and develop your own product.

In order to find investors, you must seek out people who are willing to take risks in order to gain a profitable return on their investments. Look everywhere for funding opportunities and contact your friends and their friends, if needed. Finding funding opportunities can be difficult and time-consuming but once you will find the right individual to help and support you financially, it will be possible for you to develop and market your own product.

Grow your own team or partners

When you’re starting a business, it’s important to create your own team or have a partner. This type of staffing will allow you to react quicker and more efficiently as you grow your company. Although this step will come after you have finalized the product prototype and when you are ready for the product development. Even if you aren’t experienced enough to develop your own product, you can at least define the features and characteristics of your innovative product.  Thereafter, it will be a wise decision to get assistance from an experienced product development company.

Product Development and Marketing

Before developing a product, one should develop a prototype and test it in the market with potential customers. You can encourage a few customers to test your product idea and give feedback. After a few required modifications to the product, you should get ready to develop your own product by approaching a professional product development company. Once your product is developed and ready to launch in the market, you should promote the product in numerous ways. It may be possible that you will find potential customers and investors as well. To get the best product development and consultation, you should contact GID Company at +1714-323-1052.

You Have An Invention Idea But No Money? Contact GID Company To Turn Your Idea Into A Market-Ready Product

If you have an invention idea and if you are willing to invest your time and efforts to turn it into a market-ready product, then there is no better product development company in California than GID Company. We have a team of well-versed and highly experienced product designers, engineers, and experts who can guide you through the entire process of developing a product from the scratch. We can develop high-quality customized products for different industries. Give us a call at +1 714-323-1052 or Contact Us to book a friendly appointment with Jim Grimes, our highly experienced product development specialist. Also, you can follow our official social media handles – Facebook, LinkedIn, Twitter, and YouTube.

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 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

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

Engineers who can Help Bring your Product Concept to Reality

Product development, especially for a budding inventor, can certainly be a daunting task. It is very important that you, as an inventor, get in touch with the right engineers in order to breathe life to your product. However, oftentimes, it can be very confusing what kind of engineers you require in order to develop your revolutionary product.

Normally, it will be in your best interest to approach a good product development company that has multiple engineers with different skill sets on board. The reason for this is that your breakthrough product could be anything – an electromechanical product, a product with electronics, medical device product, or a product with imbedded software. Now, developing such products will require different engineers and not just one kind of engineers.

Here are some of the common engineers whom you should be able to find in a good product development company that you may decide to hire.

Industrial Engineer

If your potential product needs a custom plastic case, then industrial engineers are the ones who will help. Most inventors delay taking the assistance of an industrial engineer because they somehow work out with a stock, off-the-shelf case for their products. Unfortunately, such products, in most cases, fail to make an impact because they lack aesthetics and ergonomics. Off-the-shelf cases neither provide aesthetics, nor ergonomics. They are just plain old cases.

Industrial engineers can help with the ideal product design. Whether your product is too complex mechanically or too elaborate electronically, they can help create a suitable case for your product, which has excellent aesthetics and ergonomics.

If your product is too simple, mechanically or electronically, then you can get the case designed by a 3D modeler. Using a computer-aided industrial design software application, like Dassault Systèmes’ CATIA, a 3D modeler can help create detailed designs of a case, for your product. You can then take these detailed designs to a good plastic product manufacturer who can help bulk manufacture the product cases.

Electrical Engineer

If you are developing a product with electronics, electromechanical product, or a product with imbedded software, you will need the assistance of good electrical engineers. Electrical engineering is a broad field; hence, it will be a good idea to go to a product development company that has several electrical engineers with different skill sets. An electrical engineer, who can work on a high-voltage system cannot work on portable devices! Similarly, an electrical engineer, who can design schematics and PCB layouts for products with imbedded software will have difficulty programming a microcontroller for those products; it actually requires a software engineer with specialization in electronics to program a microcontroller for products with imbedded software.

Some electrical engineers specialize in analog design while others specialize in digital design. You might be able to find engineers specializing in multiple disciplines, but such professionals are very rare! Therefore, get in touch with a good product development company that has on board a handful of electrical engineers with specialization in different electrical engineering disciplines.

Mechanical Engineer

If your product has moving parts, mechanical engineers can help you design and develop that product. Similar to electrical engineering, mechanical engineering is a broad field. In fact, it is the broadest field of engineering. Mechanical engineering involves the application of mechanics, material science, kinematics, structural analysis, and thermodynamics to name a few. No single mechanical engineer has the skills to apply all these core concepts. For that reason, hire a product development company that has several mechanical engineers on board.

Aside from these, there are biomedical engineers who help with the design and development of medical device products, biomechanics engineers who help with the design and development of sports products, manufacturing engineers who help with the design and development of machines, tools and equipment, power engineers who help with the design and development of high-voltage power systems, and many more.

With it comes to new product development, it is always a good idea to go to an eminent product development company that has on board a good team of engineers having specialization in different engineering fields.

If you are in search of such a product development company, then look no further than GID Development Corporation. A leading product development company in California, USA, GID Development Corporation provides A – Z services, from new product design to taking the new product to the consumers and everything in between. They have an experienced in-house team of engineers, product designers, and other professionals that can help bring any product concept to reality.

Learn more about GID Development Corporation by heading over to their website https://www.gidcompany.com/.

Currently, the leading product development company in the US, GID Development Corporation is offering a free 15-minute telephonic consultation with one of the veteran industrial engineers, 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

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.

How to Convert An Idea into A Rewarding New Product

Someone’s dare to think out-of-the-box and bringing those unbelievable product ideas to life have revolutionized the human civilization. These new products have certainly made our lives more comfortable and easy. In the 21st century, new product development not only fuels the economy but at the same time, it also wins the heart of people wherever it goes. New product development holds a long, rewarding history, and during this course of time, we came across thousands of success stories that inspired us and failure stories that taught us a lesson and left us thinking, “What went wrong?”

So, is there any way to aid entrepreneurs avoid or overcome product development pitfalls? According to the GID Development Corporation, there are many tricks to ensure successful new product development, even if you are new and don’t know anything about custom product development. In the last 40 years, The GID Development Corporation has helped hundreds of businesses transform their ideas into rewarding new products. This not only helped businesses boost their economy but simultaneously helped them sustain the fierce competition and create a vibrant brand name in their respective industry.

As the need of every new product development is different, the journey of every entrepreneur is also different. Here are six tips to get you started on the path of success, and they are as follows:

Take a fresh start with your idea– When it comes to successful new product development, there is nothing like a shortcut. Before you initiate a new product development process, it is recommended to thoroughly analyze your market, understand your end users’ requirements and expectations, what features are needed, and most importantly, what your competitors are offering. Keep your mind open and try to collect as much data as you can collect before you make any move. Some other points to consider are overall manufacturing cost, product’s retail price, your profit margin, and competition in the respective market.

Don’t forget to validate your market– This step is one of the introductory steps to custom product development and according to the product development experts, this step should never be ignored or overlooked. We are creative, and when we own a new product idea, we get mesmerized by our concept and tend to put earmuffs and blinders on. For instance, you work in a company where your task is to advise your boss as to which product will yield maximum ROI. The most reliable method to find out this is to ask them “Your Targeted Customers” about their likes, dislikes and expectations by conducting the survey.

Keep it simple– Often times, due to overexcitement, we include showy features that are unnecessary. These unnecessary features not only make the manufacturing process complex but also increase the overall manufacturing cost and time. Developing premium quality products with only necessary features with an affordable price tag can generate more sales and more profit.

Fund Raising– You will need a lot of money for manufacturing a product from scratch; hence, to overcome the financial problem, you can try options such as microloans, credit lines, crowd funding, and other online funding alternatives that suit your business. To help you in your venture, here are some options from where you can raise the funds, and they are: SoMoLend, Opportunity Fund, Accion USA, Kiva Step Ahead Loan Program, and Kabbage. Moreover, with mere efforts, you will easily find an investor for your project.

Product Prototype Development– Product prototype development is the most important phase in new product development. Once you approve the product design, instead of initiating the bulk manufacturing process, start with something basic like rapid prototyping of the concept that can be refined repeatedly. It does not need to be fancy or costly. The reason behind the product prototype development is to test the functionalities and to conclude whether your idea is feasible or not.

Have a business plan ready– It has been observed that most entrepreneurs ignore the importance of the business plan. But, the fact is, a tactically framed business plan helps you enter the market more swiftly and efficiently. A business plan will help your products / services gain instant clarity, focus, and market trust. A single business plan can answer many questions at a time such as:

  1. What am I manufacturing?
  2. Who are my targeted end-users?
  3. What is my commitment to my customers and to myself?
  4. What are my goals, strategies, and action steps to accomplish these business goals?

If you are new to custom product development, or if you need any help related to custom product manufacturing, then Call Jim Grimes at 714-323-1052. Checkout our product Soccer Hinge.