Generating new ideas for new product development is indeed the first step in the product development life cycle. The validation stage actually is taken into account to filter through product ideas that are worth investing in and product ideas to avoid Before moving on with the prototyping stage, you should ensure to have a list of the features and functions your product should have Consider marketing on social media and your current customer base if any and request them to share feedback and pain points When it is time to launch the product into the market, there are several things to finalize such as finalizing integrations, billing, user tracking, and analytics. 7 STAGES OF Product Development Life Cycle PRODUCT DEVELOPMENT LIFE CYCLE FOR NEW PRODUCTS VALIDATION IDEATION DEVELOPMENT GID COMPANY PROTOTYPING MARKETING LAUNCH 1 2 5 7 3 4 6 Start with the product development phase once you have finished with the marketing strategy of your actual product As you know, product development is not a one-time thing, a product will have to keep improvising with time IMPROVEMENT Infographics Design by: +1714-323-1052