Product Design: Put a Price on Your Creations
Development costs
A course by Emiliano Godoy , Industrial Designer
About the video: Development costs
Overview
“Your product development costs include everything you spent to have the ability to manufacture your product, but before actually starting production. These costs include, for example, design costs, prototyping and testing, molds or templates, laboratory studies, etc. You will learn how to use a simple spreadsheet to keep track of these costs, as well as to establish a number of products between which you must divide this cost for recovery.”
In this video lesson Emiliano Godoy addresses the topic: Development costs, which is part of the Domestika online course: Product Design: Put a Price on Your Creations. Learn the tools to control costs, set prices, and monetize your work in order to launch your product to the market.
Partial transcription of the video
“Development costs In this unit we will calculate the costs of a product and we will understand how they are related to the price that we established by having done the benchmarking of products and we will see what margin we have as we sell it. We are going to use a bench that I designed, which is made with very few pieces because it will allow us to quickly understand the cost calculation. It is made of only three materials. It has an MDF board, some solidly made biscuits or spikes and a small ribbon to carry it which can have many different colors or materials. To develop this product, we ...”
This transcript is automatically generated, so it may contain mistakes.
Course summary for: Product Design: Put a Price on Your Creations
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Category
Marketing & Business -
Areas
Business, Creative Consulting, Design, Design Management, Marketing, Portfolio Development, Product Design
Emiliano Godoy
A course by Emiliano Godoy
Born in Mexico, Emiliano Godoy studied at the Ibero-American University and later the Pratt Institute. He has more than 20 years of experience working on applied sustainability projects with the aim of using design as a tool of positive change for society and the environment.
He is currently a partner at the design company Tuux and at the experimental glass design and manufacturing company Vissio, as well as a member of the Abierto Mexicano de Diseño, an international design festival devoted to celebrating all aspects of design. He has collaborated with brands from around the world including Kikkerland, Urrea, Nouvel, Lamosa, Nike, Comex, Tecnotabla, and Nanimarquina.
He has also taught classes at the Tec de Monterrey, Centro de Diseño Cine y Televisión, UNAM, Pratt Institute, and the Ibero-American University. Of all his work, his most prized pieces are those included in the permanent collections at the MoMA in New York, the Franz Mayer Museum in Mexico City, and the Cooper Hewitt Smithsonian Design Museum.
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- Level: Beginner
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