5 Key Tips To Hire Product Development Companies
“We are Looking for, a highly efficient and experienced Product Development Company.” A good start, probably for a Hiring Now poster, but what next? Ideally, depending on your firm’s reputation there are two scenarios when there is such a requirement. Either there are too many options or too less to choose from. Let’s take the first scenario where there are too many product development companies to choose from, so how can you make the right choice? Are there some tried and tested tips on making the selection process easier?
When it comes to product development, an organization often look for partners who can take charge right from the start, with experience to handle contingencies. But, finding just the right one may not be that easy, more so when there is a specific time limit attached to the whole process. So, to make the things a tad bit simpler, here are 5 key tips to hire product development companies.
#Tip 1: Know Your Product
Yes, that’s right. Why would you even need a product development company if you don’t have a plan? And by plan we mean, a concrete idea with clear specifications, a design framework either on paper or as a model, the approval of key stakeholders, and an in-house team to work along with the product development team. And why a team? Because you need to own the product and not just leave it at the hand of the development company. Knowing your requirements clearly makes it easier to narrow down the options.
#Tip 2: Look at the Primary Areas of Expertise
So, what are the main or the most primary areas of expertise that a product development company must have? Here are our picks:
- Product design (includes conceptualization and detailing)
- Product analysis
- Design documentation
- Production expertise
That could be one way to narrow down the list or at least pick out the really odd ones.
#Tip 3: Examine the Previous Work
Every unique product requires a different approach and unless the product development company has dabbled in a couple of projects, the experience and expertise for the same would be still lacking. To understand the capabilities as well as possibilities, it is always good to take a look at the existing portfolio. This can give a clear idea about the probable limitations and highlight the strengths too.
And if you are lucky enough, you might stumble upon the product development team that has experience in working for a similar market or target demographic and hence, the product style too. This may come specifically handy if the field your organization targets is extremely niche or specialized.
#Tip 4: The Team’s Collective Experience
And maybe the company’s experience too. While there definitely are startups that are capable of doing amazing things, at times the tried and tested would be what your organization needs. Either ways, it’s often the team that makes or breaks a deal, so, if there’s information about the experience of the team, the individual expertise do take a look into it, you may stumble upon a gem when you least expect it if you closely.
#Tip 5: Communication and Process
While this often comes in after the development team is hired, it is always good to take into the process followed and the way in which communication is handled. Having different points of contact at each stage of the product development can be cumbersome to handle. The process followed too can make a difference, and so does having an in-house review process to monitor and chart the development process.
While the product is the brainchild of your organization, the execution depends on the skills and capabilities of the development team or company that is hired. And so, spending time and effort to find the right one is the best way to go about. In addition to the above mentioned, the budget and costing too is an important aspect that influences the hiring process. Value additions that the development companies provide can also influence selection. But, in the end, it is your requirement that would set the criteria.
The product cycle from design to prototyping and the actual manufacturing depends on the kind of development partner and for best results try to find a company that will stand by from start to end and knows how to push the product into the market too.
If you are in the lookout for finding such a partner, just drop us a message @firstname.lastname@example.org