What is the Cost to Develop & Manufacture a New Electronic Product?
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
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Very good teaching John,! Thank you I am retired now after 50 years of electronic design work, including for Microsoft and Apple. I love your videos :-)
Well thank you so much Lyndsay, I really appreciate that!
I learned so much from your videos it’s insane
Thank you, so happy to hear that!
Excellent video 😊
Thank you very much!
These are very useful, I’m a complete noob, I have a concept for a electrical device aimed at larger industry, have had good reception from the few engineers I’ve shown, and by pot luck one of my main clients (I’m a electrical contractor) is a long established technology company that provides upto turn-key services to heavy industry. Which is why I’m exploring this idea. But clueless at the moment, I’m trying to get market research responses, before approaching them for costs to prototype it. Any direction is appreciated
Thanks for sharing! My advice would be to focus on talking to real potential customers for feedback on the product idea. You can do this with just an idea. If worried about someone stealing your idea then get a PPA or have them sign an NDA. Also, these ideally need to be strangers who will give you honest feedback and not friends or family. Don't rush into getting quotes and prototypes until you really understand how much customers will want the product.
Finally, as a "noob", my advice to you is to keep learning as much as possible before you make any big financial decisions. Of course my channel and blog are great places to continue learning. Best wishes!
Hi John, Thanks for this video, can you also suggest on some of the service providers for these tasks and if possible give a practical example.
Thank you for the comment. I do mention and link to various providers on my website blog at PredictableDesigns.com. I was also have a curated list of recommended vendors available inside my Academy program.
Yes, I do plan to review a practical example in a future video. I do have a few blogs already where I do this.
Very informative and helpful video, really appreciated. Can you mention the source about where to get the good quality and long lasting components for an electronic device?
Thank you! There are too many sources and it all depends on the type of components and the volume. Good luck!
Well I felt like I had a great idea. What an effort to market a thing. So what’s the fast mode here?
Well if it was easy everyone would be rich. It takes a lot of hard work to succeed with any business regardless of what you offer. Marketing is the key though.
The fast mode is to work on building your audience with marketing WHILE you develop the product.
Do these two things simultaneously and not sequentially and you'll reach your product goals much faster, and with so much less risk of product-market failure.
I hear you //Zubi
I'm struggling to get started.. Still stuck in the development stage.years ..... It's finding a use for the technology thats difficult.. you may have developed an interesting and innovative technology. But finding a problem to solve with it is dam difficult. Hardware design is hard and takes a lot of dedication.
Thanks for sharing. I think your difficulty is because you are approaching it backwards.
You need to start with the problem and then find a solution. Ideally, you should start with a market or customer, then identify their problems, then provide solutions to those problems.
Starting with a solution and looking for a problem is very unlikely to succeed commercially.
Thanks again for your comment!
@@PredictableDesigns John. Your blogs and content are second to none thank you for putting together a lot of useful content all in one place.
@@setitthen Thank you so much, and I'm happy it has been helpful!
Do you have an example with numbers? Let's say something like a Bluetooth speaker
Unfortunately that still isn't enough information to give you an accurate estimate and there are numerous variables. Id need to ask you a lot of questions to give you an estimate. I'm happy to help you inside my Hardware Academy. I'm always happy to help here in the comments but this is too complex. Also it depends if you mean development costs, scaling costs, or the production cost. Thanks for your comment!