Understanding Product Design Cost And Factors That Influence It
Designing a product is an extensive process and sometimes costly. However, these expenses depend on the type of design we choose. When we consider signing with a design agency to produce a plan, many questions ponder in our minds. What is the budget required designing a product? Will the cost of design change with time?
Product Design has three main areas of design, which include:
- UX or user experience design
- UI or user interface design
- Industrial Design
These designs have several processes, namely:
- Research and Development of Product
- User Experience Design
- User Interface Design
- Usability Testing
Product design process can cost differently depending on the place’s geographical location and the professional’s experience. Sometimes, certain companies hire freelance designers to complete projects, unlike having a team of its own. So, the cost of the product design can be understood through the table below:
The product design cost can also vary depending on the type of design one chooses to include for a product or service.
|Product Design Cost Estimate
|$100 to $450 hourly
|$75 to $100 hourly
|$100 to $150 hourly
|$30 to $4000
|$100 to $100,000
Depending on the type of designs that are included for product design and the experience of designers, the average cost of product design can range from $15,000 to $150,000. These prices will change depending on the companies and professionals offering the service. However, several other factors can also influence the cost of design.
Factors Influencing The Cost Of Design
1. Complexity Of product
When designing a product or service, designers always measure the complex features of that project. Complexity means incorporating difficult elements and functions that might look simple but require much hard work. This hard work can also fall under the complexity of the design. You might ask, what if your design was simple, or under what circumstances is it considered complex?
|Do you have a large number of design components?
|Are these components heavily interdependent?
|Multiple hierarchies/subsections are required.
|The design needs different or numerous technologies.
|Customization on a large scale is required
|Is the design a product of various disciplines
2. Design Scope
Creating a design scope which means drawing a general outline of the aims or goals that a product or service design would require, is called design scope.
It includes the project’s milestones, understanding the project’s size, timelines, constraints, etc. This process requires extensive research and charting out the roadmap of the project. A design scope is necessary because it brings precision and clarity to the project.
3. Expertise And Skill Level
Professional designers demand a higher price for their design projects, which is a part of their high-quality work. However, sometimes specific designs require a multi-disciplinary approach which calls for professionals and expertise from different fields.
Under such circumstances, the cost of product design will increase depending on their skill level and profession. You can divide the expertise and skill level into
- Entry-level designers,
- Mid-level designers
- Senior designers
- Specialists or Subject
- Matter Experts
Depending on the design requirement, the expertise will vary, influencing the product design cost.
4. Prototyping And Testing
Once the product or service is completed, prototyping and testing are the next steps. Testing is conducted to cross-check whether the product is safe for use, grading the user interface, and gathering user experience or feedback.
- This process helps check safety and rectify any errors or requirements of change.
- It helps the designer to authenticate and approve the design before launching it into the market.
- Checking for quality, assuring cost-effective approach, and practicality are other factors examined.
- Stakeholders participate in this process, and major decisions are taken after testing the product or service.
5. Manufacturing Considerations
Different product designs have different manufacturing elements, including materials and other requirements. Depending on the type of materials, the product design cost can increase considerably. Certain other factors that fall under manufacturing considerations are:
- Manufacturability of Various Designs
- Production Volume
- Labor Intensity
- Possibility of Automation in Manufacturing
- Timeline of Manufacturing
- Scalability of Product
- Material Waste
6. Number Of Revisions
Product designing involves a lot of changes and evolving time which calls for several revisions. It is the nature of design that needs constructive feedback in terms of feasibility, user experience, practicality, etc. Therefore, the cost of product design also increases depending on the number of revisions and the time it takes to cover these modulations.
7. Industry And Market
Designs are of different types, and each of these products or services has a different market. The cost of product design increases depending on the regulations, requirements of producing into markets, and standards. Industries and markets are also influenced by the cultural contexts of the location and the product. There are also challenges regarding different collaborations that a design might require, like architectural and industrial designs.
8. Design Tools And Software
Tools and software used for designs are costly. Getting a membership for software like Adobe Illustration, Adobe Font Folio, or Civil 3D, which are categorized as the world’s costliest, software comes as a requirement for designing products or services. Depending on the complexity of your project and design components, the cost of design tools and software gets added to the cost of product design.
9. Geographic Location
The location of product design can also influence its cost. The cost can vary depending on the economic condition of the geographic location, availability of design services and designers, market rates, expenses, economic climate, access to resources, and so on.
10. Intellectual Property Considerations
A product design agency includes legal attributes when they give out a product design. This directly impacts the cost of product design. This legal advice and experts who help with copyright and trademark are crucial for design agencies. Strategy developments which include developing and appropriating these IP laws, also fall under Intellectual Property Considerations.
Need Help with Product Design?
Having gone through the factors which influence the cost of product design, you may now wonder if a design agency would be at help with overall comprehensive planning. Yes, a design agency can help you with an intricate plan that would not be hectic.
We at Hogoco, the expert design agency, provide product design services with a professional outlook and the best possible solutions for your projects. Our design agency conducts multiple research and studies before designing your product. We assure you of an optimum experience of designing with Hogoco.