Here Are 4 Proven Ways To Outsource Product Development Successfully

Here Are 4 Proven Ways To Outsource Product Development Successfully

Daven Michaels

Daven Michaels

New York Times Bestselling Author, 30-year business veteran, and Executive Chairman of CurrentC Power.

Outsourcing product development is fast becoming a popular thing. You can find a firm specialized in developing a new product from the scratch without your input. The only thing they need is your business idea or concept. However, there are ways to go about this so that you do not regret your decision. Keep reading to learn more.

1: Stay in Control of Your Idea/Product

Your product and the ideas that accompany it are your brain child. Therefore, you should not let it out of your sight or you may lose control of what is happening to it. In essence, you should get involved with the development of your product even after outsourcing the task.

Besides, if you do not get involved, you may end up not having the kind of product you envisioned, leading to utter dismay. Make sure you follow-through every inch of the way, asking relevant questions and making suggestions/alternations where necessary until your dream product comes to reality.

2: Research the Product Development Firm Extensively

Look very well before you leap. Do not take the company by their word. Be diligent to research the company so that you can verify their claims. Some of the things you should focus on when researching a potential company to outsource product development to include the following;

  • Years of experience in developing products for businesses
  • Their expertise in developing the type of product or service you have in mind
  • Samples of previous products they have developed in time past, especially the ones that are related to your product or service idea
  • References – people they have worked for in time past, especially the most recent clients
  • Feedbacks and reviews on the company’s services
  • and more…

3: Choose Specialized Engineers

It is best to go for a specialist when choosing an engineer for your product development. Avoid the jack-of-all-trades type of product development firms. You want to make sure that each member of the engineering team is an expert in handling a particular aspect of your produce while it is being designed or created. It’s just the same way you wouldn’t go to a dentist for a brain surgery.

4: Do a Comparison Shopping

Just as you would do when shopping for something online, comparison shopping helps you to get the best deal in all ramifications. Avoid one-stop shopping where you just hire the first prospect that sounds so good. Research and compare as many prospects as possible before settling on the best – in terms of experience, quality, expertise, and cost.

So, pay attention to these four tips when you decide to outsource product development.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

2 thoughts on “Here Are 4 Proven Ways To Outsource Product Development Successfully”

Leave a Comment

SUBSCRIBE FOR ACCESS TO EXCLUSIVE CONTENT.

Recent Posts

Eradicating Global Poverty with Blockchain

Blockchain technology and Decentralized Finance platforms are powerful tools with the potential to improve nearly every aspect of society. In this post, I explore a few ways I think they might be used to revitalize struggling agriculture industries, specifically.

Read More »
This Course Is Invite Only

Sign Up To Join The Private Waiting List

I’ll send you a personal invite once you’ve been accepted.