The new product development cycle is a great way to get you started on your path to building the perfect product. It is a simple, reliable method that can be used by anyone in any industry.The first step is research. This will allow you to determine what customers want and need in your product. After the research phase is completed, you will begin designing your product. This involves creating a CAD model that we use to iterate the product. Once the design phase is complete, it's time to move to prototypes and testing.