Creating a world-changing, cutting-edge product may require a lot of capital. Make sure that you are ready for this. Calculate your expected costs and prepare 10 times as that. If you don’t have enough contingency fund, consider reaching out to potential investors.
Next, conduct an extensive market research. This is crucial. You don’t want to spend your time and fortune creating a product that nobody wants to purchase. Make sure that your product can sell at a reasonable price point and that you’re getting a good margin.
Lastly, perfect your prototype. Be patient, and don’t skip this step. Many successful engineers and entrepreneurs needed to create several before deciding on their final output. You also need to test this prototype and assess market reception before mass manufacturing. If you’re looking for a reliable industrial design agency to help with manufacturing, click here.
