OK, startup-er, so you’ve got this idea you believe in and want to make a hero product out of it. You know it will bring benefits to hundreds to millions of users and to your accounts. 😊 Also, you have a theory of how it should work, look and feel. That is GREAT! What you have to do next is to find a software development team to build your MVP.
My MVP? What is an MVP?
MVP stands for Minimum Viable Product. According to its widely agreed definition, a Minimum Viable Product is a product with only a basic set of features enough to capture the attention of early adopters. So, you see, the minimum part of the concept is not at all the goal of developing an MVP, it’s rather a means to making a hero out of your solution. And this has been proven by many now renown solutions, such as Dropbox or Uber. They entered our personal and business lives as MVPs and progressively became part of them being currently used by a huge number of users on a daily basis.
Make your idea the next Uber with our MVP development services.
To get there, you should develop your MVP with the resources and efforts of a well-established software development company. It will help your product get nice and smoothly and no headaches through the three stages of the MVP development cycle:
When your business is a start-up, you should invest smart. Building an MVP with an experienced software development company is investing smart because it brings you the following advantages:
- Short release time
- Reduced implementation costs
- Small number of remakes
- Testing the market reaction / demand
- Defines critical drawbacks
- Avoid failures and large capital losses
- Get valuable feedback on what works and what doesn’t work
- Work directly with your clients and analyze their behaviors and preferences
- Gather and enhance your user-base / future customers
In general, testing the market demand before releasing the fully developed product is the key purpose of developing an MVP. Why? Because the market reaction will tell you if it is worth expanding your start-up or just stop. And it saves you money, time and effort. It will also help you shape the value proposition of your products.
MVP seen from our experience
10+ years of building MVPs taught us that customers tend to hurry or overbuild the first release of a product with the purpose of being ahead of the competition. But the result is exactly the opposite because this approach delays the time to market as it takes longer than when exploring user’s reaction and improving the product. This is why we encourage the MVP development for start-ups. And we know we can ensure greater chances of success of your product.
Build a product that solves a problem!
Another thing we have seen over the years is that each one of us tend to think they had the next-big-thing idea. But the truth is that many products built do not actually solve a problem for anyone. Yes, it looks great, include many features, but at the same time is absolutely useless. So, develop a product with a purpose in mind and it works when that purpose refers to people’s actual needs.
Tips to remember!
→ Clearly define the core concept of your product and stick to it throughout the MVP development
→ Consider market researching and take the public’s reaction to your product seriously
→ Choose your development team based on their experience and your expectations
→ Communicate with the development team: they have to know your preferences and feedback to do their part of the job
→ Test, test, test
→ Keep an open mind to possible changes and improvements