New Product Development for Inventors and Entrepreneurs
3.9 (45 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,286 students enrolled

New Product Development for Inventors and Entrepreneurs

Learn how to bring your idea from sketch to stores
3.9 (45 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,286 students enrolled
Created by Margot Sandy
Last updated 3/2017
English
English [Auto-generated]
Current price: $69.99 Original price: $99.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 1 hour on-demand video
  • 5 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand the New Product Development Process
  • Understand how to value an idea
  • Understand how to competitively evaluate the market
  • Understand how to build a project scope, budgeting, timelines and functional benchmarking
  • Understand the basics of design and development work
  • Understand how to evaluate the manufacturer
  • Understand how to approve a product for production start
Requirements
  • You should be able to use Microsoft Excel
  • You should be able to use Microsoft Word
  • You should be able to use PDF Reader
Description

Do you have a product idea? Are you not sure what to do next? Who should you talk to? What do you need to get started? Then this course is the course for you!

In this course I will teach you the basic framework for the New Product Development Process. Learn from an expert in the consumer products field on how to develop a product. In other words, we will walk through how to take your idea from sketch to the stores. I will guide you through what questions to ask, what areas to consider and what documentation is needed.

For the inventor, the entrepreneur, the designer, the engineer, the tinkerer and the student, this is the course for you. This is an insider’s guide to Product Development. The course is easy to follow and broken down into concise lectures that will motivate you to launching your product!

“Let today be the start of something new!”

Who this course is for:
  • Individuals with a desire to launch their own products
  • Students with Design backgrounds
  • Students with Engineering backgrounds
  • Entrepreneurs
  • Inventors, Tinkerers and Dreamers
Course content
Expand all 31 lectures 01:02:37
+ Introduction
5 lectures 08:58

In this lecture, you’ll meet Margot Sandy and she will welcome you to the course. You’ll also gain a sense of what activities you will complete and what you will be able to do by the end of this course.

  • Instructor Introduction
  • Course Description
  • Course Learning Objectives
  • Student Requirements
  • Curriculum 
Preview 04:56

This lecture provides an overview of the New Product Development Process.

  • 5 Phases of Process
Product Development Overview
01:21

Margot Sandy shares additional contact details if further consulting is needed for your new idea.

Preview 00:58

Margot will review key concepts from Section 1.

Learning Check #1
01:09

Several questions to recap the lectures of Section 1.

Section 1 Quiz
2 questions
+ Initial Idea
5 lectures 11:59

In this lecture, Margot will show you what to do when you have an idea and how to determine its value.

  • Idea Value
  • Consumer Needs
  • Idea Protection
  • Benchmark Samples
Preview 01:57

This lecture will detail different methods for coming up with a product idea.

  • Consumer Needs
  • Trends
  • Tradeshows 
I Don’t Have An Idea
02:07

This lecture will go through how to evaluate the competitive landscape of the market for your idea.

Competitive Analysis
02:09

Margot will take you through developing the basic outline for your product.

  • Sketching
  • Feature Call Outs
  • Feature Rank
Basic Sketches
03:05

Margot will review key concepts from Section 2.

Learning Check #2
02:41

Several questions to recap the lectures of Section 2.

Section 2 Quiz
2 questions
+ Business Plan
5 lectures 10:36

This lecture helps identify the 3 major goals of any product development project as well as show you how to outline the key features and challenges.

  • Identifying Project Objectives
  • Defining Project Roles
  • Identifying Risks, Assumptions & Communication Strategies
Preview 03:08

This lecture will take you through how to estimate the costs associated with your design. 

  • Identifying 7 Areas for Cost Estimation
Identifying / Budgeting Costs
02:56

In this lecture, Margot will briefly show how to develop a schedule for your item.

  • Importance of a Schedule
  • Schedule Tools
Creating a Project Schedule
01:44

The functional definitions of a product are of the most importance and this lecture will cover some basics in that regard.

  • Benchmark Features
  • Identify Feature Constraints
Defining Functionality Goals
01:13

Margot will review key concepts from Section 3.

Learning Check #3
01:35

Several questions to recap the lectures of Section 3.

Section 3 Quiz
2 questions
+ Design and Development
5 lectures 12:52

In this lecture, Margot will go over the basics of Product Design.

  • Industrial Design Decision
  • Ergonomics / Color Studies
  • Color, Materials and Finishes Document
Preview 02:01

Margot will cover the essentials of engineering your product.

  • 3D Development
  • Assembly Methods
  • Bill of Materials
Product Engineering
03:31

It is important to prove out your concept and this lecture will cover keys of prototyping.

Prototyping
01:39

It is important to document what it is you want for your product and this will be covered throughout this lecture.

  • Design Documentation
  • Engineering Documentation
  • Proof of Concept
  • Updated Business Documentation
  • Defining Packaging 
Final Documentation / Other Considerations
02:31

Margot will review key concepts from Section 4.

Learning Check #4
03:10

Several questions to recap the lectures of Section 4.

Section 4 Quiz
2 questions
+ Manufacturing
5 lectures 10:26

This lecture will review how to go about finding a manufacture.

  • Crowdfunding
  • Internet Searches
  • Tradeshows
Finding a Manufacturer
02:07

This lecture will review how to evaluate a manufacture.

  • Factory Visits
  • Factory Communication
Finding the right Manufacturer
01:57

In this lecture Margot will go over the process for confirming the selected manufacturer can produce your product.

  • Confirm Function
  • Confirm Schedule
  • Confirm Cost
  • Approve Tool Start
Manufacturer Proof of Concept
02:32

This lecture reviews how to evaluate parts from the manufacturer.

Evaluating Product
01:24

Margot will review key concepts from Section 5.

Learning Check #5
02:26

Several questions to recap the lectures of Section 5.

Section 5 Quiz
2 questions
+ Product Launch
3 lectures 04:47

This lesson will cover reviewing the final samples before approval for production.   

  • Evaluating the Final Samples
  • Manufacturers' Inspection Plan
Final Production Approval
01:27

This lecture reviews how to ensure the manufacturer has a sound delivery process in place.

  • Shipping Times
Shipping Process
01:18

Margot will review key concepts from Section 6.

Learning Check #6
02:02

A question to recap the lectures of Section 6.

Section 6 Quiz
1 question
+ Final Thoughts
3 lectures 02:59

One of the final lectures will go over some common faults and things to be aware of during your time development process.

Lessons Learned
00:52

In the final slide, Margot Sandy provides another resource for your new product development needs.

Farewell
01:07

Margot will review key concepts from Section 7.

Learning Check #7
01:00

A question to recap the lectures of Section 7.

Section 7 Quiz
1 question