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Bringing your vision for an original product to life is often one of the biggest hurdles for aspiring entrepreneurs.
The product development process can seem almost mysterious, and when you hear the origin stories of other great companies, the journey to a final product rarely seems like a straight line.
During product development, every journey to a final product is different and every industry has its own unique quirks involved in creating something new. If you find yourself struggling to figure it all out, remember that every product that came before yours had to overcome the same challenges.
By following these steps in this video as you go through your own product development process, you can break down the overwhelming task of bringing a new product to market into more digestible phases.
Whatever you develop, by making all the necessary preparations (through research, planning, prototyping, purchasing and costing) you can achieve a successful end product.
This is what we cover in this video:
00:00 Introduction
01:09 Step 1: Ideation
04:32 Step 2: Research
07:28 Step 3: Planning
08:54 Step 4: Prototyping
10:36 Step 5: Purchasing
12:13 Step 6: Cost calculation
13:39 Tips for developing a new fashion product
14:33 Tips for developing new beauty products
15:21 Tips for developing new food products
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