LOW COST PROTOTYPING

OVERVIEW

NARA LEE

KIM BLACKBUR

N

ROB AHLANDE

R

OTHERS

IN-HOUSE

OUTSOURCING

DALLAS THORNTO

N

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

• Software

Categories of Development

•Websites • Physical

Products

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

• Campus Resources• http://marriottschool.byu.edu/cet/resources/techstudents

• Online Resources• oDesk, Elance

• Google Sites, Yahoo Sitebuilder, Microsoft FrontPage

• Possibility of giving up equity for

development

Software and Website Development

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

• Klymit’s story

• The point of a prototype is to:• Prove that it works

• Share your vision

• Get a patent

Do it Yourself Prototyping

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

• Take concepts from all industries and combine to get your product

Ex: Reebok and IV tubes

• “Use super glue and duck tape”

• Almost all prototypes < $200

• “It’s not what you know, it’s who you know”

How do you keep it cheap?

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

3-D Printing

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

•Examples of costs• http://www.inventionstatistics.com/Inventio

n_Prototypes_Costs.html

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

•Tool and Die shops

•Machinists

•Welders

•Handymen

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

Outsourcing- is any task, operation, job or process that could be performed by employees within your company, but is instead contracted to a third party for a significant period of time

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

Example of Outsourcing

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

The advantages of outsourcingYields Cost SavingsProvides FlexibilityProvides the Ability to concentrate on the Core Business

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

The disadvantages of outsourcingQuality ProblemsLoss of Managerial controlSecurity and Confidentiality issues

Virtualemployee.com- Indiahttp://www.virtualemployee.com/

•Cost of hiring a full time dedicated employee in India : US $895- US$ 1495 per month

OVERVIEW OTHERSIN-HOUSE OUTSOURCING

Useful Outsourcing Websitehttp://www.integracore.com/http://www.outsourcing.org/

QUESTIONS?