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What is the best way to develop a new product?
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Here's how I did it:
1. Work in CNC machine shop for a number of years as machinist, designer, programmer, set up guy, etc.
2. Progress to position of production manager, where one of the duties is production scheduling.
3. Buy Porsche.
4. Figure out which parts could be improved upon, and develop reasonable alternatives/improvements.
5. "Schedule" production at shop so a machine will be open all weekend.
6. Prototype said parts, test, refine, test again, and so on.
7. Produce parts.
Finally:
8. Keep day job.
Seriously, there is some money to be made in the Porsche world designing and selling aftermarket parts, but it is indeed a fairly small market. Your best bet would be to find a niche that has not yet been saturated and go from there. I have recently bought a milling machine for personal use, and hope to have a lathe and CNC machining center by mid year. I don't plan on making a great living selling Porsche parts with this stuff, but the machinery will allow me to manufacture parts for outside customers while still keeping my Porsche habit fed.
Good luck,
Jim