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Stoke Ventures is a product development company turning ideas into marketable products. Check out this presentation and learn about the product development process.
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PRODUCT DEVELOPMENT PROCESS
PROCESS - Market Research - Product Development - Manufacturing - Marketing and Sales
Before we get into the physical development of 1. Market Research your product, we first have to understand its market fit. During the first phase of product launch, we will analyze the following. Does your product solve a problem? How many people are buying similar products? Competitive/Comparative product analysis Does your product solve a problem people are asking for?
Once we have a clear understanding of where your product fits in the market, the product development process officially starts. This is the phase which takes your product from an idea into a fully functional prototype that can be used for testing and demonstration purposes. 2. Product Development ● ● ● ● ● ●
After we have a final design we can put together manufacturing drawings and identify the appropriate manufacturing processes for each part. 3. Manufacturing
Finally the product is ready to be introduced to the market. We guide you to make your first sale and define duties and targets of the product. 4. Marketing and Sales