If you shop around for a product development engineer, you will find a wide range of costs per hour. We have seen everything from $5/hr to $500/hr. The IEEE says the current rate is $165/hr for individual consultants. The S&P 500 companies are paying an average of $350/hr full burden for their product development employees.
Our rates vary between $50/hr and $250/hr depending on who is doing the work; however, this really does not tell the whole story. The cost of developing a product will depend on several factors, the least of which is the hourly rate of the people doing the work. These factors include:
In addition, the ROI of a product development project will depend on additional factors:
Our research has shown that these other factors listed above have much more to do with product development cost, and ROI, than the hourly rate paid.
Curious to know what your product should/will cost. Set up a call and we can let you know.
This program is designed to move in a methodical manner using proven processes and experienced personnel.
Lots of people write firmware and software, but few write something that can be managed.
This program was designed for startups who need assistance in developing and validating their GTM strategy.
The output of any product development project is a master book containing all the drawings and instructions necessary for manufacture.
Finish Line PDS has the expertise to keep your product performing optimally and ensure your revenue stream.
This program was designed for startups that are still in the market validation phase and need an MVP to conduct marketing experiments.
Management, processes, and leadership are important to any business task, product development is no exception.
The ability to sense the world is becoming more and more important.
This program was designed for small businesses looking to create new software or update an existing one.
we are uniquely suited to this task given our experience across many different industries and technologies.
Our Design Review Service is designed to provide maximum benefit for minimum cost.
This program was designed for Angel investors considering making a small seed investment in an early-stage technology startup.
With over 1,000 projects for more than 300 companies completed, Finish Line has amassed extensive experience and reference designs in virtually every aspect of electronic product development.
This program was designed for small companies/startups that wish to get their PCB Layout board as quickly as possible.
This program was designed for startups who want to make sure that the product they have created will meet the needs of the market.
Ensuring that the design meets the requirements is an important step in developing products.
Finish Line has been developing products for small companies since 2002. We have completed more than 1,500 projects for more than 300 companies.
Pay for only the services you need, when you need them.
Outsourced product development is a highly cost-efficient way to gain the resources, expertise, and engineering workforce you need, and pay only for the time you use them. We offer a comprehensive suite of product development services that you can custom-tailor to fit your specific product design and engineering requirements and business goals:
Our outsourced product development services include:
Our Prototype-to-Production Program is a step-by-step methodology designed to develop a working prototype and turn it into a fully-engineered product ready to manufacture at scale.
OWe can augment your management team with a highly experienced project manager who will provide oversight of our proven processes and resources to help guide your product development project to successful completion.
Our Breakthrough Product Development Program is a systematic methodology that discovers and validates product concepts that have the potential to disrupt niche markets. It is particularly effective for helping companies in markets where product development activities have been underfunded, market share is eroding, and profit margins are declining.
Often technologies invented for specific or niche markets have a potential for use in different, unrelated markets. We have the expertise and broad range of experience to identify and manage opportunities for innovative technologies to be adopted from one market and adapted for another.
In addition to these comprehensive outsourced product development programs, we offer a number of other specific services, including: