Product Design Business

Business Idea: Start A Product Design Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$100K

Avg Startup Costs

$11.7K

Score

Market Size

$7.9B

Avg Revenue

$100K/month

Min Revenue

$10K/month

Max Revenue

$300K/month

Avg Days To Build

225 days

Market Size

$7.9B

Avg Revenue

$100K/month

Min Revenue

$10K/month

Max Revenue

$300K/month

Avg Days To Build

225 days

Got a flair for creativity and a knack for solving problems? Starting a product design business could be your ideal venture. In simple terms, product design involves creating and refining products to meet both user needs and market demands.

Starting out, you'll need to engage with clients to understand their vision, sketch designs, create prototypes, and collaborate with manufacturers. The real work here is in the details—every line and material choice contributes to the finished product.

This business is perfect for those who thrive on innovation and enjoy seeing their ideas come to life. It’s all about blending functionality with aesthetics, making things that are not only beautiful but also useful. Having a portfolio of well-designed products can set you apart in a competitive market.

If you're passionate about creating tangible objects from abstract ideas, this business will give you the satisfaction of making an impact on everyday lives.

Revenue & Profitability

How much do product design businesses make?

On average, successful product design businesses report $1.2M/year in revenue.

Startup Costs

How much does it cost to start a product design business?

It can cost as low as $500 to start a product design business.
It can cost as high as $75,000 to start a product design business.

Learn more about the costs of a product design business.

Examples Of Successful Product Design Businesses

Successful product design business businesses and case studies

This Athlete Launched A $3.6M/Year Shaker Bottle Company

ShakeSphere, an award-winning shaker bottle manufacturer founded by an elite athlete, has generated $4 million in annual revenue globally, and has won awards from Men's Health and Amazon for its innovative design, including no-mesh grid or mixing ball, making cleaning and efficiency better than ever.

$300K Monthly Revenue

$75K Startup Costs

Read by 4,634 founders

How We Started A $200K/Month Company Offering Innovation-As-A-Service

Innovolo, an innovation and product development consultancy, went from offering fixed-sum product development to providing product development chain management with a unique program called Unlimited Innovation-as-a-Service, shortening their client's product expedited time significantly, and increasing revenue astronomically since their launch in 2018.

$200K Monthly Revenue

$1K Startup Costs

Read by 5,185 founders