Profitable product creation is often a matter of good listening.
For instance, if you create a product that sounds interesting but no one wants, it will be a flop.
If you make something people can use, you will probably succeed.
Here are 5 ways to excel at product creation.
1.
Develop Listening Skills Even when you're at the grocery store you can listen to people talk and get ideas.
They may say things like, "Why doesn't someone make a product that will..
..
" They are your beginnings of R&D.
2.
Talk Back When people say they want a product that does something, talk to them about it.
See why they want it so you can develop ideas on how to make it better, or get ideas for later accessories.
3.
Has It Been Done? Find out if it has been done before and if it was successful.
If it failed, you may be able to make it better and much of your work is already done.
If it was never done, you have an open playing field.
4.
Prototypes and Testing You will need to go through many stages of testing for profitable product creation.
Nothing is done perfectly the first time, so be prepared for many levels of changes and perfections.
5.
The Production Stage While you are drawing up the original plans, start looking for good companies to manufacture your product.
Don't just price shop, either--make sure the company does good work for the best profitable product creation for you.