Basically, a product life cycle is a process of developing a new product by generating a new idea and defining the development process to creating a product prototype model and later on, developing, and launching the actual product. The product development life cycle actually describes how a product goes through each and every stage from inception to launch.

1. Generating new ideas for new product
development is indeed the first step in
the product development life cycle.
The validation stage actually is taken into
account to filter through product ideas that
are worth investing in and product ideas to
avoid.
Before moving on with the prototyping stage,
you should ensure to have a list of the features
and functions your product should have.
Consider marketing on social media
and your current customer base if
any and request them to share
feedback and pain points.
When it is time to launch the product into
the market, there are several things to
finalize such as finalizing integrations,
billing, user tracking, and analytics.
7 STAGES OF
Product Development Life Cycle
PRODUCT DEVELOPMENT LIFE CYCLE
FOR NEW PRODUCTS
VALIDATION
IDEATION
DEVELOPMENT
GID COMPANY
PROTOTYPING
MARKETING
LAUNCH
1
2
5
7
3
4
6
Start with the product development
phase once you have finished with
the marketing strategy of your
actual product.
As you know, product development is not
a one-time thing, a product will have to
keep improvising with time.
IMPROVEMENT
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