Since introducing time-to-market as a concept in 1995, shrinking time-to-market has been a driving force in new product development. Companies use multiple methods to take time out of every step from start to finish of the product development process. Many management consultancies and a mountain of textbooks have sprung up to cover this topic. The … 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
Listen Now> Listen to Zack Leonard, COO and Founder of Gembah as he joined Paul Miller on his podcast, Amazing Exits. In this session, the two experts discuss the different aspects of building a successful brand. Zack talks about how Gembah, the 1st Global Marketplace for Product Development, can help sellers connect with the right … Read more
The way customers purchase products has changed. In 2021, people spent $768 billion buying online, and experts predict it will grow to $1.3 trillion by 2025. The pandemic accelerated the existing trend towards more online shopping. So, if you’re bringing a new product to market, you need to develop a set of successful e-commerce strategies. … Read more
In August of 2021, Amazon became the largest retailer outside of China, generating $610 billion over the previous 12 months, while Walmart took in $566 billion. The switch by consumers to more online shopping during the COVID-19 pandemic ended Walmart’s 30-year reign as the top retailer. So, if you want to sell your own product … Read more
No one likes to talk about taxes, and tariffs on imports are no exception. It’s a topic that many entrepreneurs avoid when planning out the design and manufacturing of their products — and that’s a mistake. Tariffs can be a considerable portion of your total cost of goods. Not only do you spend money to … Read more
If you have been investigating how to bring a product idea to market, you have probably heard the word design a hundred times. It can be a noun referring to the documentation manufacturers will refer to when they make your product. Or it can be a verb — the act of determining what goes into … Read more
There comes a time during every innovator’s process where they wonder how to find a manufacturer to make their product. Product innovation, design, and research are only the beginning of product development. Even the best product ideas and designs are meaningless if you can’t source a trustworthy manufacturer to produce the product your team designed … Read more
If you have started searching for a partner to help you take your product idea to market, you have probably heard the terms industrial design and product design tossed about a lot. And, you may be a little confused about what the difference is or even if there is a difference. You are not crazy. … Read more
Are you at the point in your product development journey where you need to find your manufacturing partner? A quick online search of off-shore suppliers will pull up hundreds of results. It’s not hard to find Chinese suppliers or list factories in Hong Kong, Mexico, or Vietnam. In fact, you may get contacted by potential … Read more
You have an idea. You have identified a market. And now, it’s time to create your new product. You can see where you want to go, but unless you have done it before, the journey from your idea to a warehouse full of things to sell could be a bit of a mystery. Don’t worry, … Read more