How to Develop a New Product (From Concept to Market)

So, you’ve got a great new idea for a product? Now what? In this video, we will guide you on how to develop a new product from concept to market.

Bringing your vision for an original product to life is frequently 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 businesses, the journey to a finished product rarely resembles a straight line.

During product development, each journey to a finished product is different and every industry has its own unique set of 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 undergo your own product development process, you can break down the overwhelming task of bringing a new product to market into more digestible phases.
No matter what you’re developing, by putting in all the necessary preparation—through researching, planning, prototyping, sourcing, and costing—you can set yourself up for a successful final product.

Here is what we’ll 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: Sourcing
12:13 Step 6: Costing
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

► Hey! If you’re here looking to get started building an online business but aren’t sure what to sell and need help finding a product, make sure you check out our free, 40-minute webinar that will teach you how to find winning product ideas, how to validate them, and how to get started. Just click the link in the description below to get started with this free training now.

► How to Develop a New Product (From Concept to Market)
► Product Pricing Calculator

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