Prototype Design - Entrepreneur

Skip to main content
Sign in
Newsletters Search Search
  • My Account
  • Submit Article
  • Sign Out
  • Build Your Business
    • Start Your Business
      • Market Research and Validation
        • Identify Your Target Audience
        • Competitive Analysis
        • Pricing Strategy
        • Validate Your Business Idea
        • Interview Customers
      • Planning and Strategy
        • Write Your Business Plan
        • Choose Your Business Model
        • Decide Your Business Structure
        • Register Your Business
      • Funding
        • Bootstrapping
        • Loans and Grants
        • Angel and VC Funding
        • Crowdfunding
    • Launch Your Business
      • Branding Basics
        • Name Your Company
        • Logos and Design
        • Website Basics
        • Product Packaging
        • How to Build a Brand from Scratch
      • Build Your Team
      • Open a Brick and Mortar
      • Online Presence
    • Run Your Business
      • Monitor Your Finances
      • Use Data Analytics to Make Decisions
      • Understand Business Law
      • Improve Operations and Logistics
      • Human Resources
      • Customer Service
      • Manage Your Time and Productivity
    • Grow Your Business
      • Boost Your Sales
        • Develop Your Pitch
        • Build Your Sales Team
        • Manage the Sales Process
        • Master Negotiation
        • Close the Deal
      • Market Your Business
        • Refine Your Message
        • Create a Marketing Plan
        • Get Your First Customers
        • Social Media Marketing
        • Email Marketing
        • SEO for Entrepreneurs
        • Marketing Launch Checklist
      • Leadership and Culture
      • Business Success Stories
      • Exit and Transition
        • Sell Your Business
        • Plan Your Exit
        • Business Valuation Basics
  • Start a Side Hustle
    • Side Hustles
      • 50 Side Hustle Ideas
      • How to Start a Side Hustle
      • Side Hustle Success Stories
    • Free Weekly Help to Your Inbox
    • Passive Income
      • Your Complete Guide to Passive Income
      • Passive Income 101 for Beginners
      • Passive Income Ideas
    • Gig Economy
  • Buy a Franchise
    • Find the Right Franchise For You
    • Entrepreneur’s Franchise 500 Rankings
    • Top Franchises under $25k
    • Top Franchises under $50k
    • Top Franchises under $100k
    • Top Franchises under $150k
    • Franchise Success Stories
    • How to Thrive as a Franchisee
    • Explore Multi-Unit Ownership
    • Get 1:1 Personalized Help
    • Keep Up With the Franchise Industry
  • Business News
Sign in
  • My Account
  • Submit Article
  • Sign Out
Sign in
  • My Account
  • Submit Article
  • Sign Out
  • Build Your Business
    • Start Your Business
      • Market Research and Validation
        • Identify Your Target Audience
        • Competitive Analysis
        • Pricing Strategy
        • Validate Your Business Idea
        • Interview Customers
      • Planning and Strategy
        • Write Your Business Plan
        • Choose Your Business Model
        • Decide Your Business Structure
        • Register Your Business
      • Funding
        • Bootstrapping
        • Loans and Grants
        • Angel and VC Funding
        • Crowdfunding
    • Launch Your Business
      • Branding Basics
        • Name Your Company
        • Logos and Design
        • Website Basics
        • Product Packaging
        • How to Build a Brand from Scratch
      • Build Your Team
      • Open a Brick and Mortar
      • Online Presence
    • Run Your Business
      • Monitor Your Finances
      • Use Data Analytics to Make Decisions
      • Understand Business Law
      • Improve Operations and Logistics
      • Human Resources
      • Customer Service
      • Manage Your Time and Productivity
    • Grow Your Business
      • Boost Your Sales
        • Develop Your Pitch
        • Build Your Sales Team
        • Manage the Sales Process
        • Master Negotiation
        • Close the Deal
      • Market Your Business
        • Refine Your Message
        • Create a Marketing Plan
        • Get Your First Customers
        • Social Media Marketing
        • Email Marketing
        • SEO for Entrepreneurs
        • Marketing Launch Checklist
      • Leadership and Culture
      • Business Success Stories
      • Exit and Transition
        • Sell Your Business
        • Plan Your Exit
        • Business Valuation Basics
  • Start a Side Hustle
    • Side Hustles
      • 50 Side Hustle Ideas
      • How to Start a Side Hustle
      • Side Hustle Success Stories
    • Free Weekly Help to Your Inbox
    • Passive Income
      • Your Complete Guide to Passive Income
      • Passive Income 101 for Beginners
      • Passive Income Ideas
    • Gig Economy
  • Buy a Franchise
    • Find the Right Franchise For You
    • Entrepreneur’s Franchise 500 Rankings
    • Top Franchises under $25k
    • Top Franchises under $50k
    • Top Franchises under $100k
    • Top Franchises under $150k
    • Franchise Success Stories
    • How to Thrive as a Franchisee
    • Explore Multi-Unit Ownership
    • Get 1:1 Personalized Help
    • Keep Up With the Franchise Industry
  • Business News
  • Newsletters
  • Podcasts
  • Videos
Newsletters / Business Idea

Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? NoOnline Operation? No

Do you want to start a truly unique manufacturing business that has unlimited potential for growth and profits? If so, perhaps starting a business that designs and constructs manufacturing prototypes is the right enterprise for you. Designing and building prototypes is a highly specialized business that requires a great deal of construction knowledge, ability to work with various mediums, and all required equipment necessary for building a host of various products. The following steps can be taken to establish and market this type of new business enterprise: 1. Decide if the business will focus on designing and building manufacturing prototypes in general or cater to a more specified segment of the manufacturing industry, such as mall kiosks. 2. Design a complete marketing and promotional package including highlights of experience, capabilities, and specialized equipment and know-how.3. Join manufacturing and business associations. 4. Acquire membership lists of the associations and initiate a direct mail and introduction telephone call campaign utilizing the newly designed promotional package.5. List your company in manufacturing directories and trade-related publications.Following these five easy steps will place you in front of your potential market for this type of business venture. Generally, clients will want an estimate for their projects prior to awarding the contract, and this can be extremely difficult given the nature of prototype design. However, this is one of the few industries that allows for a certain percentage of gray area, in terms of a cost estimate. The objective is to always enter into the contract with a clear and concise estimate that includes a scope of work, product details, manufacturing time lines, and the potential pitfalls associated with the client’s project.

Related Content

Truck Driving School

If you love trucks, you'll be heading in the right direction with this business.

Car Storage

Got empty garage space? Keep room for this business.

Gift Basket

Create crafty and beautiful gifts with a gift basket business.

Construction Cleanup Service

If you don't mind heavy lifting and like big machines, try starting a construction cleanup service.

Bungee Jumping

Need a rush with your business? Consider jumping into the extreme sports industry.

Mailbox Center

Find a convenient location and turn your business into a mailbox center.

Tag » How To Start A Prototyping Business