Putting a new product on the market is not always easy. The process can be long and complex. What are the steps to follow?
Often complex, this step does not happen all at once and involves several steps: developing the idea for the product, studying the market, presenting the product, and defining its life cycle.
At this point, two things should interest you: consumer demands and competing products. Does your product meet a specific need? Are there similar products?
After you have a clear idea of ??what your product will be, it’s time to design and test it. Prototypes will help you take this step.
After testing the prototype, it’s time to move on to manufacturing. During this phase, consider minimizing costs and maximizing profits.