Business idea – Product Designer
This small business idea can start from home and make a profitable business. This article gives you idea about how to do this business? What is the requirement for the business? Who is your customer? How much capital is required to start a business? for business and other business aspects.
Start-up cost: $10,000–$20,000
Potential earnings: $50,000–$150,000+
Typical fees: Varied according to project; can be as low as $500 for a simple design sketch to several thousand for a complete design/technical layout with product specifications
Advertising: Direct mail, Web site with photo gallery of your work and links to related services with whom you are affiliated
Qualifications: Degree in product design
Equipment needed: Computer, computer-aided design (CAD) software, digital camera or scanner
Staff required: No
Hidden costs: Insurance, excessive changes in product specifications (make sure you’re clear on what’s expected—and get it in writing)
What You Do
Behind every good product is a strong design team. If you have a reputation for quality product design done quickly and within budget, you could offer your services to such a team on a contract basis. If you can accomplish all of that, you stand a very good chance of building lasting relationships with product manufacturers.
They’ll depend on your fl air and expertise to pull off challenging products. Your experience in design for manufactur ability (i.e., designing products with the manufacturing team’s constraints in mind) will be a valuable commodity among your clients. They appreciate working with professionals who understand that good design isn’t just artistic; it’s practical, too.
What You Need
You’ll need to invest between $10,000–$20,000 in a high-end computer with a large monitor and a computer-aided design (CAD) software package. Mac computers are superior to PCs for designers. Since most of the people you might work with probably use Macs, compatibility issues can be minimized. Your advertising budget will be virtually nonexistent, because your area of expertise depends heavily on word of mouth. If you are successful in building the kinds of contacts you’ll need to survive on your own, you’ll be making anywhere from $50,000–$150,000
or more. Obviously if you’re working for large, well-known manufacturers, your earnings will be on the high end because these companies are more apt to pay big bucks for quality design.
Keys to Success
Your work will not always be your own. Since you’ll be working on a contract basis most of the time, you will often be brought in to solve design problems or pick up where another designer left off —not the biggest outlet for your creativity, but an opportunity to be a creative problem-solver nonetheless. Th e work is solid, it’s demanding, and it’s profitable for the talented.