What Is The Cost Of Product Prototype Development?

Have you ever come across PCE, which stands for Price Cost Estimation? It’s a term used in project management to refer to the process of predicting the cost and resources required to complete a project within a defined scope. Typically, this involves considering direct costs, indirect costs, and various other factors to calculate a budget that fulfills the financial obligations necessary for a successful project. GID Company leads the way in prototyping a product, bringing your ideas to life with precision, creativity, and cutting-edge technology.

When embarking on a new product development endeavor, it is crucial to incorporate PCE, particularly during the prototyping and design stages. This allows you to adequately prepare by ensuring you have the necessary capital available for these phases.

So, how should you approach cost estimation when creating prototypes? We have compiled a few key points to consider during this stage of your product development. Therefore, make sure you read until the end.

How to calculate the cost of prototype development?

When you engage our professional services to estimate the cost of your prototypes, we follow several stages to thoroughly assess your product. This approach enables us to provide you with an accurate and well-informed estimation for your business before proceeding with the creation of the model for your invention.

Below are some of the stages, that will help you understand and estimate the cost of prototype development:

The Get-Together Stage for Initial Discussion:

This is the stage of Prototype development when our team of product developers, product designers, and prototyping experts will have a sit together to discuss how the prototype is going to be built. The initial stage plays a crucial role as it establishes the foundation for the subsequent steps in this process. It serves as a blueprint, outlining a step-by-step guide on how to approach prototype creation. The decisions made during these brainstorming sessions have a significant impact on the cost of building the prototype. Why is that? Because they determine the timeframe, materials, and expertise required to successfully execute the prototyping phase.

Stop Dreaming Start Doing

The price of the prototype building can vary depending on the complexity of the project and product at hand. These three aspects of prototyping, namely timeframe, materials, and expertise, may differ in cost based on the specific requirements of the project.

Evaluating the Cost of Raw for Prototyping

The second stage involves determining the cost of the materials required to create the prototype. In this stage, the bill of quantities, which includes all the necessary supplies, is utilized to calculate the cost of each raw material.

Engineers typically seek out cost-effective materials that still fulfill the functional requirements for the product prototype. However, the final material costs are subject to market forces, which can influence and fluctuate the overall expenses.

Evaluating the Cost of Labor Involved:

It’s important to recognize that different types of prototypes require distinct teams or labor. Each product has its unique characteristics, and as a result, we approach them with a specialized perspective that guides our actions for each project. An essential consideration for every product prototype is determining the necessary expertise required to carry out the prototype’s creation. Once this expertise is identified and confirmed, the cost associated with securing the required labor can be calculated.

The labor involved in this phase will be responsible for producing all the parts, assembling the prototype, and ensuring its functionality.

Get a Ballpark Cost of Product Prototype Development

To obtain an initial, free estimate of the cost involved in creating a prototype for your product idea, get in touch with Jim Grimes today. By providing answers to a few questions regarding your product, you will receive an approximate price range for developing a prototype of your envisioned product. You can share your product idea with us by filling out this contact us form or calling us at +1714-323-1052.

Frequently Asked Questions – FAQs

How much should a prototype cost?

On average, the cost of prototyping typically ranges between $3,000 and $10,000. The specific cost is influenced by the number of iterations required during the development of the product prototype. This iteration process is often influenced by the complexity of the product itself. Investing in prototyping is highly beneficial as it can potentially yield a return on investment many times over through funding for your invention. Investors are generally more convinced and inclined to provide financial support when presented with a proof-of-concept prototype. Having a tangible prototype significantly increases the likelihood of securing funding for your project.

Can GID Company help me with prototype development?

Yes, GID is a renowned product development company located in California. You can contact Jim for new product development, product design services, prototype development, and more. To learn more about the services offered, please call Jim at +1714-323-1052.

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How do you know your product idea stays confidential?

Being a reputed and leading product development company in California, GID Company offers guaranteed confidentiality to all our valued clients. With GID Company as your prototype development partner, your product concept and idea are safe with us. Additionally, you can sign a Non-Disclosure Agreement (NDA) with our prototyping development firm. You can like our Facebook page and follow us on Twitter as well.

3 Top Product Design Tips

While all the steps in new product development are important, one particular step demands more focus. It is the product design step. One of the primary steps in new product development cycle, product design of the conceived product factors toward the success of the final product. Product design affects the manufacturability as well as the cost of manufacturing too! For that reason, a little more attention is needed when designing a product. Here are top three Product Design Tips to consider when designing a product. The tips are based on our years of experience in the field of product design and development and are overall the best tips to take into consideration as you begin your venture into new product development.

Keep it Simple

Keep the design of your conceived product as simple as possible. The best product designs are those that just form a seamless connection between function and design. If the design of your product is complicated, it will be difficult to manufacture it. It will also increase the cost of manufacturing. Apart from these issues, if such a complicatedly-designed product is brought into the market, the potential customers will probably alienate it, resulting in total failure of the product. The goal of a good product design is to entice customers with an ergonomically-friendly design that seems easy to use.

For product design, it is best to team up with an intelligent team that can create a simple, yet attractive and functional design that allows easy and economical manufacturing.

Research

There is no need to reinvent the wheel! In fact, customers often prefer that you do not reinvent the wheel. Before designing your product, it is necessary that you conduct an extensive market research. Find out the competitors’ products that are on the market. See which features the customers like and dislike for those products. You would want your product to have only likable features – right?

When conducting the research, note down all the new features and functions you can implement in the design of your conceived product. Also, keep in mind that you do not change certain things that are familiar to the customers. For instance, it would be a terrible idea to change the order of the accelerator, brake, and clutch (ABC) in a car. People are already familiar with the default pattern, and changing it will result in instant rejection.

Prototyping and Testing

Although, product prototyping and testing are two entirely different steps that come later down in the product development cycle, they do have a connection with the product design phase. Product prototyping and testing make it possible to detect flaws or defects in the product design. Therefore, you need to create prototypes so that they can be tested to find flaws. Once the flaws are detected, you should eliminate them and then create a new product design. Based on the new product design, build and test the prototype again. You need to repeat this process until you achieve a definitive product design.

Today, because of the advanced technologies, prototype development and testing have become virtual, in a 3D computer-generated world. Nevertheless, there are still instances when you need to develop and test physical prototypes to detect the flaws and make the final product better.

You will also need to build product prototypes to give it to people for their suggestions. Based on their suggestions, you may need to alter the product design and create new prototypes again. Of course, this is a tedious process, but it is vital to achieving a flawless product design.

There is nothing easy about product design. For successful product designs, massive skills and experience are needed; skills and experience like GID Development Corporation has.

We are one of the leading California Product Design Companies, USA. We have decades of experience in the field, and have delivered thriving product design solutions to our clients (inventors) in the US and worldwide.

Along with product design, we provide rapid prototyping, product development, product manufacturing, and other product fulfillment services. No matter how complex the product concept is, we will help you realize it. To learn more, visit https://www.gidcompany.com.

Have any questions regarding Product Design Tips? We are offering a 15-minute, FREE telephonic consultation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Guidelines – For Developing Product Prototypes

Conceived a brilliant idea for a groundbreaking new product? That is great! So now what? Well, as a prudent inventor, what you first need to do is build a prototype of your conceived product. No matter how simple and obvious your product concept sounds, the hard fact is that, realizing a new product is a very complicated task. Developing prototypes for your concept, however, can ease a lot of pain.

Prototype development plays a vital role in the new product development. Not only do prototypes give you a clearer picture of how your conceived product will look, feel, and function like, but they also help you attract the stakeholders as well as better the final product. With our years of experience in the field product development, we advise every inventor not to overlook the importance of building product prototypes. Product prototypes are the foundations of a new product. Here are some important guidelines to follow when developing product prototypes.

  1. Scale: One of the cardinal drawbacks when designing your concept in a computer application, like CATIA or SOLIDWORKS, is the lack of scale. A small 1-inch component or part of the conceived product can look big on the computer screen, but in the real-world, it is just a 1-inch component or part. To overcome this issue, what you need to do is 3D print the components as often as you can, especially for the small parts. 3D printing is not too expensive these days; you can either buy your own 3D printer or outsource your requirements to someone specializing in 3D printing. By 3D printing small components to judge the scale, you can avoid a lot of complications later on.
  2. Make a lot of prototypes: Don’t just create a single prototype; develop five or ten or as many as you can afford. When your product design is near its perfection, it is best to build several product prototypes. When assembling prototypes, try to do so with your hands. When you build the prototypes with your hands, you will know how they come together. Take notes of how each part fits and how many times you need to make the adjustments. If you can videotape yourself assembling the prototype, then by all means, do so. You can later re-watch the videos and figure out what is going wrong.
  3. Let someone else assemble the prototype for you: Ask your friend, family member or someone you know to assemble your prototype. Watch them closely. See how they interact with your prototype, and ensure that you give minimum instruction to them. That way, you will be able to easily and quickly identify all the pain points regarding the assembly of your prototype. It will certainly be frustrating to watch someone assemble your prototype, but believe it, this is a great way to gather knowledge about your prototype.
  4. Team up with a product prototype development company: When building your product prototype, you will, at some point, wish that you had a professional helping hand. After all, product prototype development is not a piece of cake! This is where a professional product prototype development company comes into play. Such a product prototype development company has skilled mechanical, electrical and all sorts of engineers who have years of experience in product prototyping. Not to forget, a prototype development company also has all the necessary tools and resources that help in product prototyping. Partnering with a product prototype development company is definitely not a bad idea. The company can point out where you are going wrong with your prototype, assist you overcome various problems, and can even help you build product prototypes from scratch.

Developing product prototypes is never a waste of time, efforts or resources. Prototypes help further your conceived product idea to reality. As an inventor, never overlook the importance of product prototype development. Just remember, developing prototypes is one of those important keys that lead to a successful outcome of your conceived product.

If you need help with new product prototype development, then partner with GID Development Corporation today. A leading product prototype development company in California, USA, GID Development Corporation provides product design, rapid product prototyping, product development and other product fulfillment services. Utilizing contemporary technologies, like the 3DEXPERIENCE Platform from Dassault Systèmes, which includes 3DVIA, CATIA V6, SOLIDWORKS, BIOVIA, and other CAD / CAM / CAE computer applications, and 3D printing processes, experienced engineers at GID Development Corporation can create accurate product prototypes, swiftly and economically.

Whether it is creating prototypes for electromechanical products, sports products, medical device products, embedded software products, or any novel products, GID Development Corporation, an expert product prototyping company in California, will “GET IT DONE!”

Learn more about GID Development Corporation: https://www.gidcompany.com/

Have any queries regarding product prototype development? Or perhaps 3D printing? Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST, for a FREE 15-minute telephonic conference.

Plastic Product Manufacturing – Tips to Find the Best Product Development Company

If you are dealing in plastic products or parts, then you don’t need to manufacture those parts or products on your own. You can hire a plastic product manufacturing company to design and develop custom plastic parts for the optimum functioning of your business. There are product development companies in the United States and beyond the borders of the United States to help inventors and businesses with what they require and how much they require.

However, not all product manufacturing companies are reliable and professional when it comes to manufacturing plastic products from scratch. It will be in your favor if you choose a plastic product manufacturer with adequate experience, workforce, and technology to transform your idea into a money-making product. Here are a few tips to help you find a plastic product manufacturing company that will fulfill your budding plastic parts demand.

If you are a startup, then you should focus on the type of materials the company uses. Every product development company is different from each other, similarly not all plastic product manufacturers are going to make use of all types of raw materials to develop plastic products. Some manufacturing companies may possess expertise in creating plastic products using raw materials such as polyurethanes, whereas others may prefer polyethylene terephthalate, polyamides (nylon), polyvinyl chloride, etc. to develop new plastic products. Every raw material has its characteristics, each suitable for a specific purpose; hence, partner with a company that can recommend and handle the specific plastic material that you want for your parts or products.

Some plastic product development companies offer additional services to help inventors. The supplementary services can help you overcome any unwanted product development blunders. Some product manufacturing companies may also assist with rapid prototyping to help you test the feasibility of the concept. Partnering with such a versatile product development company can be worthwhile for you.

Whether you are a startup, a mid-sized business, or a big brand with an international presence, teaming up with a reliable plastic product manufacturing company procures tons of benefits for you. These include plastic products for vivid industries such as agriculture, transportation, medical, sports equipment, automotive, and retail to name a few.

If you are in search of a reliable plastic product manufacturing company in the United States, then the GID Development Corporation is worth considering. Propelled ahead by the team of the most skilled and experienced industry professionals, GID offers exceptional designing services, prototyping, manufacturing, and services in between. Call Jim Grimes at 714-323-1052 8 am – 5 pm PST for a free consultation.

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

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

Step 1: New Product Concept

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

Step 2: Extensive Research

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

Step 3: New Product Design Development

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

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

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

Step 4: New Product Prototype Development

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

Step 5: Testing & Feedback

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

Step 6: Mass Manufacturing

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

Step 7: Quality Test, Packaging, and Branding

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

Step 8: Launch

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

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

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

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

Essential Tips on Prototyping Your New Product

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

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

Here are some tips on prototyping your new product

Determine the type of prototype you require:

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

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

Do not spend too much on prototyping

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

Hire a product prototype development company that uses the latest technologies

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

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

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

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

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