Did you know that it wasn’t until 1979 that Sony developed the Walkman and made listening to music more convenient?
This simple product took years to create and has transformed into something advanced— like iPods and speakers.
If you enjoy learning about how products are made, you should learn about the cycle from idea to selling.
Continue reading to discover the key stages of product development that can’t get overlooked when you want to sell an idea!
Concept Creation
One of the first stages of product development is concept creation, which essentially means getting an idea.
Most people get an idea for a product when they encounter a problem and want to solve it. If you aren’t solving a problem for people with your creation, it will have a hard time getting off the shelves. Think about the types of industries and businesses that you are drawn to and if you can make any improvements.
Business Plan
The next few product development stages become detailed, especially the business plan.
Once you have landed on a wonderful idea that you think could help the world, you need to put your plans onto paper. Creating a business plan will help guide you along the process.
You should include financial support information, timelines, and necessary resources for your idea. Many people recommend GGS technology services if you are struggling to identify which tools and resources you will need.
Prototype
What is product development if you don’t have a prototype to show your creation?
The first prototype that you will make is a visual one that looks like the final model. These prototypes are often completed on 3D platforms since they are easy to manipulate. Don’t spend too much time in this stage.
The functional and tool start prototypes will involve innovation, research, and science. This is where you will conduct trial and error sessions on prototypes until you are satisfied with the results.
Production
Next on the product development lifecycle is to start producing your product.
After the prototypes are complete, you will run a pilot production of your item. This is the best way to make any adjustments before starting the mass production. Take time to ensure that everything is accurate so that you don’t waste money or materials.
Marketing
When you are confident in your idea and have your product in your hands, you can start marketing it.
The best way to market right now is through social media or search engine optimization. Marketing is essential so that people can learn about your product and discover the change that it can make in their lives.
Talk to as many companies as possible so that you can get your products on the shelves.
Don’t Overlook These Stages of Product Development
Learning about the stages of product development can help you follow through on an original concept.
It can also help you understand the process for others.
Product development is an exciting industry since it involves innovation and creative minds. Don’t hold yourself back if you came up with a creative idea, start putting it on paper and you aren’t far from creating a prototype.
Be sure to check out our page for more articles about how to be an entrepreneur and develop a business idea!