Minimum Viable Product

Every product is unique and so is its MVP. That’s why to define what functionality to include in a specific minimum viable product, you need to consider the nature of a product, users’ expectations, potential markets, and many other factors.

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Goals of an MVP

Types of MVP feature set

Most highlights of existing similar items

Along with new core features.

Chosen highlights of an existing similar item.

Additionally, centre/all-new component.

No highlights of existing similar items.

Additionally, center/all-new component.

Chosen/most highlights of existing similar items.

In any case, with the upgraded quality.

What Benefits do you get?

  • Minimal Initial Investments

    MVP requires less upfront investments as compared to the full development. Hence, you don’t spend all your resources on the product that might not be the right fit for your target market.

  • Early testing

    MVP allows you to identify the strengths and weaknesses of your idea and determine if a product solves real customers’ problems before you spend the whole budget on the full development.

  • Risk mitigation

    Most software development projects are complex and, thus, associated with many risks. Building an MVP is one of the most effective ways to minimize them.

  • User feedback

    MVP helps you get a better understanding of what your target audiences really want and what they like or dislike about your product.

MVP Development Cycle

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Understanding the idea

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Feature prioritization

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Concept Development

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Moving Forword

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Release and feedback

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