Thursday, November 17, 2016

Product Development

NYX Lip Cream 
Image result for tote bag handmade
Handmade Tote Bag 
    The development of a product  is the first concept  to create something. Most everyday products did not get famous in an instant. You first need to think about it. You have to estimate the cost of the materials that you are going to use and if you're going to manufacture the product, you need to produce it by mass. In my class, we developed a product and we did a presentation for our product for pitches, for the ones we wanted to sell, which product is  appropriate for our customers, and which one appeals our customer's attention.I read an article of Toni Ko's, about 7 steps for effective product development coming success. Ko talks about NYX cosmetics and how this product is the best thing to sell.I learned a lot from reading this article about how a low-cost vendor isn't necessarily your best bet. You need to go for quality and reputation.  Also sometimes you have to be in charge in what you sell and find a place to settle and sell your product. The place in which you settle matters a lot because it is the place in which you will try to sell your product. In addition, she's said to not overstock, if your predict to sell 100, don't. Instead of buying 1000, buy 110.  At this time, our product isn't ready ,but I think we made a good decision, and our pop-ups retail shop will go very success and profitable.      

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