Product Development Providing Services

Product Development

Naturally, methods of product development depend on the type of product or Service but generally, the sequence of development is:-

Products

Idea generation and improvement.

The idea is a focal point which you probably have already, talk to people about it see if you can improve on it. Then talk to an expert see if its possible to make it. Sometimes compromise is needed to turn the dream into profitable reality.

Product Design.

This should be a graphic and specification or recipe.

Detail Engineering

Basically these are the specifications and detailed assembly drawings.

Market Research

What else is on the market, how do the competitors compare.

Marketing Analysis

This is combined with the start of the business plan.

Take your idea to a specialist or consultant who can document your idea technically and work with you to bring the best possible result to the market.

If the product were internet or word based such as an eBook or web site then you would probably be your own expert although on those subjects there are many helpful sites on the net.

Anything regarding constructing a site on the net and, I would not hesitate in recommending, Site Build It, the system works and is excellent value for money. I am sure anyone using the system would be more than satisfied with the education, support and content of the package.

With other more technical items, things become more difficult.Most physical ideas require some type of Engineering Input

Food products would require the services of a food technologist and consultant.

Whatever your product usually some type of specialist is required to bring it to market.

If you have a considerable budget by all means take the product development to completion, including the market research etc. be guided by your consultant/expert.

If as with many people, the budget is limited, develop the product to a level which is judged acceptable to the market as advised by your consultant. The remainder of the development for market can be completed during later stages. Please note you will have to have a recognizable product to enable you to complete the next step, the business plan.

Services

Providing services requires a totally different approach, although you still need to develop your product. It should be decided on the scope of work you will engage in, better to specialize in the skills you have than try to be all things to all people.

Unlike products most of the service industry has well tried market sectors and business frameworks such as partnerships or practices. Although the need for targeting your clients and business sector is still important.

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