If you are looking to start production on a new product or increase production on an existing one, you may be considering alternatives to manufacturing in China. While there are advantages to Chinese manufacturing, the number of challenges and costs for the region are continuing to increase. In order to mitigate risks and combat increasing … Read more
To create your own product and get it to market, you need a solid product development strategy. Think of this as your methodology to get through all the steps from the idea through to the final end product. For many entrepreneurs who have not created and manufactured their own product yet, it can be overwhelming … Read more
One of the most important decisions you can make when launching a new product is where your product is manufactured and who your manufacturing partner is. And let’s be honest, the pandemic and supply chain disruptions in recent years might make you question if manufacturing in China is still the obvious choice it may have … Read more
Ask experts in new product development what the secret is to creating bestsellers, and they’ll give you a simple answer: product research. Of course, you need great design, reliable manufacturing partners, and a sales and marketing strategy that attracts and closes buyers. But none of those steps work if you design, manufacture, and sell a … Read more
Manufacturing starts after you’ve tested the product design and confirmed demand. At this stage, the goal is to turn approved files and samples into consistent inventory. This guide explains how to manufacture a product, compare factories, approve samples and control quality. If your idea still needs customer research or product design, start with the guide … Read more
When Henry Ford introduced the assembly line to his automobile plant in 1913, he reduced the time it took to make a Model T from 12 hours to about an hour and 30 minutes. These innovations ushered in a new era of mass production and a way to make inexpensive products for a growing number … Read more
Creating a product can be one of the most rewarding experiences for any entrepreneur or business. It is challenging, usually involves working with smart, creative people, and can be financially rewarding when done right. We’re surrounded by successful products, so there must be some formula that works. But what does it take to be one … Read more
As COVID-19 caused people to hole up inside and simultaneously take up new hobbies over the last few years, the sporting goods industry saw major growth. Peloton sales skyrocketed as people looked for a way to stay fit from home. Sports like pickleball found a new audience as friends sought a socially distanced group activity … Read more
There are tons of moving parts in the process of creating and selling a product. At every step, information is created that needs to be captured and shared — a lot of information. The industry developed product lifecycle management (PLM) to provide a way of managing the information generated over the lifespan of a product. … Read more
It’s an age-old question — How can your product company increase sales in an ever-changing and competitive market? For a while, you could just ride the wave created by new e-commerce platforms or the growing adoption of Amazon. Great marketing strategies and white-labeling popular products were proven ways to grow revenue and make your company … Read more
When you sit down with your team to plan how to manufacture your new product, you probably start with a debate over manufacturing your product in Asia, Mexico, or here in the U.S. Maybe your company already has products on the market and a proven manufacturing partner, but you’re ready to consider alternatives. As you … Read more
When it comes to selling physical products, it’s hard to ignore Amazon as one of your channels, and maybe even the primary channel. Whether you’re selling to businesses or consumers, the pandemic changed the way everyone shopped and added to expectations for fast delivery. This shift was so significant that in August, 2021, Amazon surpassed … Read more
