Introduction
In the world of startups, an MVP (minimum viable product) includes the first set of features to be released with the hope that it will prove useful for users and generate feedback. An MVP can be a complete product or just a preview of what you’re planning on releasing in future iterations. The goal is to have something ready for testing by potential customers as soon as possible after launch. So how does an MVP get built? Let’s dive into some essential steps in this process:
What is MVP?
MVP stands for minimum viable product. It’s a product with the minimum set of features required to satisfy early adopters, and it’s not a prototype or beta version.
In marketing terms, an MVP is a product that allows you to test your market before spending too much time on developing something expensive and complicated (like building an entire app). The goal is to drive as many leads as possible through your site or app so that you can get feedback from potential customers about what they want in their next purchase.
Why do you need an MVP?
If you’re looking to launch a startup, the first thing that needs to be done is coming up with an idea. This can be tough when you don’t know anything about building products or services.
The next step is finding out if your business model is viable by validating it through user research and market research. Once this stage has been completed, you will need to start building out each feature of your MVP (minimum viable product).
MVP development stages
- Consultation and planning
- Product design
- Product development
- Quality assurance and testing
- Launch, support and customer success
Consultation and planning
The first thing you should do is analyze the problem. This means understanding what it is that your customer wants, who they are and how they use your product/service. Then find out what competitors are doing, who their customers are and what market need it fills for them. Finally figure out how much money you have available for development (or any other budgeting decisions).
Product design
The Product Design phase is where you start to get creative with your product. You’ll start with a problem statement and then break it down into smaller, more manageable goals that are more achievable and measurable.
- Problem Statement: What problem do I want to solve with my product?
- Goals: How will I know when I’ve reached each goal?
Product development
What is the process of product development?
Product development is the process by which you design and create a new product. The stages of product development are:
- Idea generation
- Analysis and testing (iterative)
- Prototyping (iterative)
- Testing/validation
Quality assurance and testing
Once you’ve built your MVP, it’s time to test it. Testing is the process of running a version of your product in a real environment and seeing how users respond to it. It can be done by yourself or with the help of a group of people who are interested in helping you reach out to potential customers.
Testing should be done on different devices—desktop computers as well as smartphones and tablets—and across multiple environments (e.g., office vs home). You will also want different browsers installed on each device so that you can see which one works best for your application design decisions (e.g., mobile only). Finally, make sure that you test under various network conditions: Wi-Fi vs 3G/4G connectivity; when connected at different speeds; etc
Launch and product support
Once you’ve launched your app, it’s time to start improvising on it. The best way to do this is with an MVP (minimum viable product). In other words, don’t try to build everything at once—focus on one or two core features that will give you an idea of whether or not people will want your product. Then add more features as necessary based on customer feedback and usage data. It’s important that you monitor how well these updates work out; if things aren’t going well after launch day, then stop adding new stuff until they do go well!
Find out how to build an MVP for your startup.
MVP development is a process that involves many stages, but it’s not just a technical one. It also requires the right mindset and understanding of your target audience and their problems.
If you’re looking for a partner to build an MVP for your startup, reaching out to an MVP development company like Byldd might be helpful. They typically help multiple startups build and scale their business and leveraging their expertise might make your mvp development a lot easier.
Conclusion
At the end of the day, you want to build an MVP that will serve as a foundation for your product. This should be a quick process that allows you to test out some basic ideas and get feedback from users. This will enable you to make crucial changes before launching into full production mode on more expensive products.
