New Product Development for Inventors and Entrepreneurs
3.9 (6 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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New Product Development for Inventors and Entrepreneurs

Learn how to bring your idea from sketch to stores
3.9 (6 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,130 students enrolled
Created by Margot Sandy
Last updated 3/2017
English
Curiosity Sale
Current price: $10 Original price: $100 Discount: 90% off
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 5 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I 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
View Curriculum
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 is the target audience?
  • Individuals with a desire to launch their own products
  • Students with Design backgrounds
  • Students with Engineering backgrounds
  • Entrepreneurs
  • Inventors, Tinkerers and Dreamers
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Curriculum For This Course
31 Lectures
01:02:37
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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
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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
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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
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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
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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
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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
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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
About the Instructor
Margot Sandy
3.9 Average rating
6 Reviews
1,130 Students
1 Course
Product Development Engineer

Bestselling Author, Margot Sandy is currently traveling the world while running an entrepreneurial enterprise (In The Now, LLC) with a focus on engineering consulting, mentoring students with the next steps in their careers and public speaking.  Previously, Margot was part of the Brookstone Lab as a Senior Mechanical Engineer after years of developing consumer products in cross-functional teams as a Product Development Engineer at Fisher-Price. In both positions, she gained nearly 10+ years' experience with the inter-workings of public and private companies that had revenues of over 6 billion dollars and over 100 million dollars. In her roles at these companies she was responsible for developing consumer products in cross-functional teams (Marketing, Industrial Design, Packaging Engineers, Quality Engineers and Electrical Engineers) from product conception to production start.

Over the years, she has engaged in a range of engineering opportunities that span from traditional engineering in Rochester, NY to working at a Medical Device company in Sydney, Australia. The variety of experiences in addition to her diverse educational background at Rochester Institute of Technology (MS / BS Engineering) has allowed Margot to excel in Product Development and fueled her passion for learning and product creation. 

In addition to her work experiences, Margot also has a passion for volunteering and enjoys competitive running, CrossFit, corny jokes and international travel.