How to Reduce Product Development Costs in Your Company

How to Reduce Product Development Costs in Your Company

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Our technological needs are growing every day. Technological evolution has no doubt taken the world to a whole new dimension, but also portrayed a bright and exciting future. Technological advancements are taking humans forward and helping in creating in a more sustainable environment with useful products and technologies for the whole world to consume.

In this fast paced ultra modern world, it is important to stay ahead of everyone in order to create new standards and establish new innovations. For creating new standards and innovation one needs to examine their respective markets and analyze what is profitable for them. Onlilo Technologies provide expert help in reducing product development cost and that too in reasonable prices. Often business companies face many product development issues. With high demand of technologies, small business operations can find it extremely difficult to reduce or manage their product development cost. Onlilo aims to make the process of product development easier and cost-effective.

Big companies do not have this fear. This is because after selling millions of product, a few dollars per unit is a big advantage for them. They can use this funding for their product development strategies. Therefore small companies operating in different niches often have to attend to unnecessary product development issues. This is because of poor product development strategies which are implemented by the management of the Company.

Small companies, who are at the earliest in their experience, generally face these strategic failures. Many companies often make the mistake of hiring low cost knowledge workers to reduce product development cost but it actually increases the cost as products are developed under unskilled workers. But there are also many ways to deal with this problem and growing as truly strategically efficient Company.

Below we shall discuss some of the key points practiced by Onlilo Technologies that help in reducing product development cost in your Company:

  • Hiring Authentic Experts

It is very obvious that when true experts are allotted to their area of expertise, they can outrun any minor suggestions and mistakes in product developing. Even if the expert charges for more money per hour, your risk of product failure is minimized and the chance of product development is neutralized. When authentic workers are delivering updated technological or company related services, it is easy to reduce product development costs and failures.

  • Using a Reference Design

Using a reference design for your desired product can also prove to be the most effective way to reduce your product development costs. It simply means to use a design reference which has been proven to work ideally and make modifications and adjustments to your product based on the reference design.

Choosing an ideal reference design for your product can almost complete your product halfway. This gives you the reliability to proceed to invest further.

  • Working with a team with mature development processes

Product development processes are the most difficult to manage and most companies fail in this process. Therefore to reduce product development costs it is important to work with a responsive team with responsible experts always ready to seek new ways to improve your product without increasing development costs.

 

 

We Have Moved to a New Office!

We Have Moved to a New Office!

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We are excited to announce that our team has moved to a new location in Palarivattom,Cochin.  We spent the previous year in a building about half mile away from our new location – our old office served us well, and we made great memories  there, but we couldn’t be more excited about our new space.

The new office is located near Kaloor international stadium.It’s less than 3 minutes’ walk from metro station (JLN stadium station) and bus stop

You can now find us at the address:
Onlilo
Aravindakshan Lane,North Janatha road
Palarivattom,Cochin
Kerala,India-682025

Effective tips for small business product development

Effective tips for small business product development

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Design a product consumers love, launch it, gain a market share and earn with that product for the rest of your life. Sounds great? Unfortunately  this is merely a dream and a shortcut to oblivion. To stay in business, one cannot live off a single product; one must introduce new, innovative and useful products to the market.

Lifecycle of products is getting shortened at a rapid pace. To bring or not to bring a new product is not even an option! Small businesses realize this but the vicious circle of less money and time, lesser product launches, lesser business gets hold of them.  For them, Onlilo has brought a few tips to tilt the product development process in your favor.

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Whom to pay for product development and How?

Whom to pay for product development and How?

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In present world of cut-throat competition, companies endeavor for a perfect product at minimum investment. For small firms, a limited budget is an obligation than a choice. To juggle with these two crucial balls is a difficult task. To share and address your concern, we have brought this article to find a meeting point of the two facets.

Unarguably, quality is of paramount importance. Companies want someone who can give class results at an optimum budget. Here are the options enlisted: Continue reading “Whom to pay for product development and How?”

Why outsource product development?

Why outsource product development?

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Technology is advancing at an ever-increasing rate. Software which was once impeccable is being replaced by new technologies. In the competitive world, keeping pace with technology is a herculean task. While for corporate giants to start on a new technology is a cake walk, startups are limited in their capabilities. Startups or small firms due to the paucity of time, cash and resources experience a setback. In the case, two options arise for them:

  1. Hire new team, grow in number, adding to the expenses. The scenario worsens with increased complexity.
  2. Outsource to a reliable, trustworthy firm and leave work to experts.

Development in software, electronics etc is expanding in intricacy and design. It takes no less than experts to get ahead in the race. Many companies escape the complexity and choose to outsource product development.

Continue reading “Why outsource product development?”