Pricing FAQs

The Ultimate List of Revenue Streams: Examples and How You Could Make Them Work For Your New Product

There are many different revenue streams that you could tap into, and this blog post will outline some of the most popular ones

Milestone Billing vs Time and Materials (T&M) vs Fixed Price Billing for Product Development Projects

In this article, we'll compare Milestone Billing with Time and Materials Billing and Fixed Price Billing to help you decide which is right for your next project.

How Do You Charge for Consumable Parts and Materials Used in the Prototyping Phase?

Parts and materials used while prototyping a product will be charged to you, the client, at cost +50%.

When do you charge for your services?

We usually generate an invoice at the beginning of each month. You can also top up your service hours during a month.

Do I have to pay for the whole project up front?

No. We will normally charge you £4,750 for our DiscoveryPhase which is a fixed price for research and development work. Read more about our Discovery Phase here.

How much do you charge per hour?

We charge a standard rate of between £120-250 per hour for most of our services, depending on the nature of the work and how much time it will take.

What Are The Hidden Costs Of Outsourcing Product Development That You Should Be Aware Of?

Outsourcing product development can be a great way to save time and money on your project, but it's important to be aware of the hidden costs that can come along with it.

Can you give me a breakdown of what I can expect to pay for my product development project?

This article will discuss the expenses involved in developing your new product and provide insight into how to get an estimated cost.

How Would Reducing Product Specifications or Quality Control Affect The Price Of Your New Product?

In today's world, it seems like everyone is always in a hurry. We're all so busy that we often don't have time to stop and think about the things we do.

Why you may NOT be a good fit as a client of Innovolo's product development services

‍Sometimes we have to turn clients away. Please read on to find out why you may not be suited for our services or if you are already 100% sure, what you can do about it!

How Much Should You Spend on R&D and New Product Development?

Many business owners look for that “Holy Grail” statistic that gives them all the answers. It’s true in all sorts of situations, including innovation.

How much does a technical documentation service cost?

It depends on the scope and complexity of the project you've assigned us. We consider every aspect that needs documenting when we give you an estimate.

Why Might A Prototype Possibly Cost You More Than The Developed Product Itself?

When it comes to making a prototype, there are specific components and materials that need to be used to ensure that it functions properly.

What payment methods do you accept?

Wondering how to pay for your product development project? Check out our list of accepted payment methods and find the best option for you.

Why Does Innovolo Charge An Estimate Fee For Your New Product Development Project?

Learn about the product development process at Innovolo and why we charge for estimates. We want to ensure that our clients receive the best possible service and value.

Is it possible to customise what will be included in the service?

Find out if there are any options for customising what you want included in your product development package.