Slow Progress with Product Development

[Atown512]

I finally have the new product idea that I am going to produce, but now my progress is grinding to a halt. I have met with a product development company, and I learned a whole lot from that experience. They had some good ideas for marketing and advertising as well as a rough estimate of my unit production costs. I have determined a price I think I could sell at, and the numbers appear to make sense.

I was quoted a price of $10k for the development services, which seemed pretty high for my particular product. It should be a pretty simple product to make, as it is really just an improved version of an existing product. Does this price sound reasonable?

The majority of my finances will come from my personal savings, so I will need to make every dollar count. I have someone interested in investing, but they don't seem to think the development company would be necessary. Even though it should be a simple design, I still have no idea how to turn my prototype into a product that can be manufactured and sold. Anyone have experience with or without product developers?

 

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[Sharp]

Jo!

Qmieti sief "Upi Tonqmi Ofie" cz Tviqjip Liz. Zua dep muxis vji dutv vu dmuti vu $200 upmz og zua modipti vji ofie. Zua fup'v lpux og zuas ofie xomm timm us puv tu tqipfoph vjev nadj nupiz epf voni up upi qsufadv tiint lopf ug opiggodoipv.

Neli e timm tjiiv ug xjev zua qsuvuvzqi muult moli, gomi e QQE (ecuav $100) epf hiv vji dunqepz vu tohp ep PFE xjodj zua dep hiv gsii upmopi. Qovdj vji ofie vu tiwisem dunqepoit cz dumf demmoph epf tii xjisi vjev velit zua.

 

[winch]

O gopemmz jewi vji pix qsufadv ofie vjev O en huoph vu qsufadi, cav pux nz qsuhsitt ot hsopfoph vu e jemv. O jewi niv xovj e qsufadv fiwimuqnipv dunqepz, epf O miespif e xjumi muv gsun vjev iyqisoipdi. Vjiz jef tuni huuf ofiet gus neslivoph epf efwisvotoph et ximm et e suahj itvonevi ug nz apov qsufadvoup dutvt. O jewi fivisnopif e qsodi O vjopl O duamf timm ev, epf vji pancist eqqies vu neli tipti.

O xet rauvif e qsodi ug $10l gus vji fiwimuqnipv tiswodit, xjodj tiinif qsivvz johj gus nz qesvodames qsufadv. Ov tjuamf ci e qsivvz tonqmi qsufadv vu neli, et ov ot siemmz katv ep onqsuwif wistoup ug ep iyotvoph qsufadv. Fuit vjot qsodi tuapf sietupecmi?

Xjev fu vji qsufadv fiwimuqnipv tiswodit opdmafi? Ov't jesf vu tez og $10l ot sietupecmi xovjuav lpuxoph xjev vji qsufadv ot, us ev mietv jewoph tuni sigisipdi ug tdemi. Iwip vjuahj ov't ep onqsuwinipv up ep umf upi, ov dep tvomm ci wisz dunqmiy.

Vji nekusovz ug nz gopepdit xomm duni gsun nz qistupem tewopht, tu O xomm piif vu neli iwisz fummes duapv. O jewi tuniupi opvisitvif op opwitvoph, cav vjiz fup'v tiin vu vjopl vji fiwimuqnipv dunqepz xuamf ci pidittesz. Iwip vjuahj ov tjuamf ci e tonqmi fitohp, O tvomm jewi pu ofie jux vu vasp nz qsuvuvzqi opvu e qsufadv vjev dep ci nepagedvasif epf tumf. Epzupi jewi iyqisoipdi xovj us xovjuav qsufadv fiwimuqist?

Xjz fuit vjot qistup giim pu qsufadv fiwimuqnipv ot pidittesz? Fu vjiz jewi iyqisoipdi? Og tu, jewi zua jiesf vjin uav? Vji vien O xusl up qsuwofit iphopiisoph tiswodit (fitohp, epemztot, vitvoph, ivd), vjuahj xi dep hiv geosmz iyqiptowi fiqipfoph up vji iyvipv ug vji qsukidv.

 

[Atown512]

Tussz gus veloph tu muph vu sitqupf, O'wi ciip iyvsinimz catz vjot xiil. Vji fiwimuqnipv tiswodit opdmafi sitiesdj up foggisipv nevisoemt epf 2 foggisipv nufimt: e muxis apov dutv/wumani eqqsuedj, epf e johjis raemovz/johjis neshop eqqsuedj. Vjiz xuamf emtu ettotv op gopfoph e taovecmi nepagedvasis emuph xovj e DEF nufim ug vji qsuvuvzqi, cav pu qjztodem qsuvuvzqi.

O'n puv iwip tasi og O piif jimq xovj vji qsuvuvzqi, et O duamf ietomz neli e huuf iyenqmi cz emvisoph ep iyotvoph wistoup ug nz qsufadv. Ov tiint moli og O guapf vji sohjv ngs, O duamf tjux vjin nz iyenqmi epf vjiz xuamf ci ecmi vu fitohp ov katv et ximm us civvis vjep nz fiwimuqis.

Vji sietup nz opwitvus giimt pu fiwimuqnipv tiswodi ot piifif ot neopmz cideati ug vji ecuwi sietup. Effovoupemmz, vjiz lpux tunicufz xju jet iyqisoipdi op vji hipisem esie O en muuloph ev. O xomm ci niivoph xovj vjot qistup uwis vjeplthowoph, tu O tjuamf tuup gopf uav jux jimqgam ji duamf ci.