When developing a product concept, there are a few factors to consider. It's crucial to consider the target market and the product's viability and potential demand. It's also essential to think about the costs of manufacturing and selling the goods and the competitors. It would help if you also considered what you want the product to accomplish and how it will benefit the customer. Similarly, it would help to think about your own product goals and what you hope to achieve. Finally, make sure that the product is one-of-a-kind and can stand out from the crowd.