During conceptual design of your product, cost engineering is essential. Once main obstacle that new ventures face is the cost of your product versus desired selling price. Volume can have a huge impact on this. For the gBook e-book reader, you’ll note the cost reduction in total cost from low volume [...]
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Many people and companies assume that when a product is designed and engineered that the product development process is complete. That is most certainly not the case for physical assembled products – and not expecting this fact can be very frustrating for the inventor and start-up. The product development process continues with production tooling through [...] Logos can make your brand stand out, but how do they get that way? How do inventpreneurs go from ideas, descriptions and emotions to a final product? The featured development of our logo will show you. The process theory revolves around iterative designs based on refinement and feedback. The process begins with a description [...] By Tucker J. Marion Today, companies producing physical assembled products such as Black & Decker (B&D) have outsourced production of nearly their entire product line-up to offshore facilities [1]. It has been argued that outsourcing, or the use of outside suppliers to provide services or products, frequently offers a cost competitive alternative to performing the required [...] Lets go over some basics about prototyping starting with “duck tape prototypes”. Duck tape prototypes are the very first physical representations of your idea. This phase can be filled with lots of satisfaction for optimists and visionaries or disappointment for the pessimists and short sighted. Duck tape prototypes are made from available [...] Many times inventors come to us with their best idea, other times we are presented with the top three and asked which is best. Being confronted with delivering this type of input is difficult for a number of reasons, but mainly because we want to put resources into the best one. The difficulty [...] Inventors, engineers and designers often become paralyzed by perfectionism. Getting your product just right has benefits, but also some real costs and evaluating them rationally instead of just constantly going back to the drawing board is important. To do this analysis an inventor needs to fully understand the costs of heading to market [...] As you dive into your research to discover the market, competition and technology around your invention, the materials you have uncovered start to pile up. If you are like me and you like hard copies to take notes on, highlight and organize, then you will start to develop giant piles, binders and folders loosely [...] Bryan Daigle’s (founder and president of Idea Tango) recent blog about surveys got me thinking. While I completely agree that a quick and dirty survey, especially early in the idea process is essential, some experts prefer in-depth interviews with customers. In-depth interviews can be very helpful in finding latent (hidden) needs, details on [...] Research is very difficult. It can take days to sift through the internet just to make sure that there isn’t another product just like your idea online. Once you are fairly sure that right now (something could always pop-up tomorrow) there is nothing like it, you widen the net. Eventually you will find some similar [...] |
 
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