"Wouldn't it be more beneficial when I could see the real-world examples from MVP?" Ok, I understand. In this article, I will demonstrate that some of the best companies you know began their journey by establishing an MVP. We will then discuss what you should do once you've developed an MVP. First...
What exactly is MVP?
A Minimum viable product is the most fundamental of your products, only enough to address the issue you want - nothing more and nothing less. I've explained this in my blog post, "What is an MVP?"
If you're starting a new venture or launching a brand new product, you might be overwhelmed by the demands that seem to "feel" you must meet, but they're only distractions (at the very least, for the moment). An MVP allows you to concentrate on the essentials and eliminate the nonsense.
However, there's something more MVP. Let's see.
What is the goal for an MVP?
- Make it easier to introduce your product.
- Verify the viability of the idea and verify the statement and verify.
- Check your product's performance.
- Get feedback from your targeted group of customers.
- Learn more about the market and the needs it has.
- Create a business strategy and marketing strategy.
- Request testimonials from your first clients to gather social evidence.
- Reduce time also by focusing only on the things that matter.
- Attract investors by demonstrating the reaction of your targeted group to your proposal.
- Build long-lasting relationships with your clients.
Do you have a clear picture of the potential for an MVP? The vast majority of today's industry giants started using an MVP. Let's take a look at some to help you understand the situation.
MVP examples
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Dropbox
Drew Houston smartly validated his idea with an MVP rather than dumping cash and hoping for his idea to succeed. He was the co-founder of Dropbox, which has grown to billions of dollars today. However, he initially started by launching a video outlining the tech in just a few minutes.
The video brought people in line to attend a service, and he knew the event was unique.
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Buffer
Buffer lets you plan your posts and help you grow your following your presence on social media. However, Joel Gascoigne, one of the founders, decided to test the concept by creating an accessible landing page that collected email addresses from interested people. Joel kept in contact with them to further refine the idea. He also included pricing plans to see whether people were interested in paying for the service. When one audience member was able to see a green light that indicated they were appropriate to proceed.
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Amazon
You can purchase anything on Amazon right now. When it started in 1994, the company focused exclusively on selling books. You've probably heard that, but there's something more. Jeff Bezos initially used to purchase books from distributors when the purchase order was received. He didn't think about building an office until Amazon became large enough.
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Zappos
Nick Swinmurn came up with his idea for selling footwear online after he could not discover the footwear he was searching for. Instead of going all into it, he tried the concept online. He snapped photos of shoes he saw in shops and began selling them online to determine if buyers purchase. It was successful, and Zappos was born.
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Uber
Uber was launched in 2009 when Uber was founded. In the beginning, it was a service that was only available in San Francisco. It was also accessible only through an iPhone application or SMS. It was discovered that customers needed low-cost taxi services. The current service operates in about 80 countries.
What happens next?
The process of creating an MVP is just the initial step. However, turning into an excellent product on the first try is rare. It's a process of improving it until the highest level of perfection. To do this, you must introduce it to your people and watch their experiences.
Your negative feedback will be the most rewarding thing you can do early on because it will save you from embarrassing yourself later on.
FAQs
Does an MVP's development ensure it is successful upon its launch?
No. Companies create an MVP to determine their concept's necessity and reduce the risk. However, it doesn't guarantee the success of your idea. Why? Because there are a lot of aspects that play into the case of startup success. And the requirement to sell the product is just one of them.
But, MVP can significantly influence the success of your business due to its benefits. If you'd like to learn more about startup success factors, look at our blog post on Why is an MVP essential?
What is the best technology for building an MVP?
The software you pick for MVP development can make a world of differences in terms of cost and development time, and overall quality. In this regard, I suggest you choose Laravel, Python, or NodeJS.
Do I have the ability to create an MVP by myself?
Yes, you can! But, it's better to be handled by professionals instead of working on your own because although it's considered an MVP, it must be top-quality to fulfill its purpose. MVP development companies like ours have years of experience developing MVPs and, therefore, offer greater accuracy.
In addition, it can help you save time and cash in the long term. Check out the costs associated with your MVP development using the MVP cost Calculator.
How do I reduce the cost of MVP development without sacrificing the quality of the product?
Employing remote-based developers can be the most effective method of developing your MVP efficiently and cost-effectively without having to sacrifice the quality of your MVP because the following are some them:
- Remote-based developers tend to be more efficient than freelancers. They are overseen by a professional team to complete your project on time and with high quality.
- Remote developers can help you save as much as 60% off the expense of hiring in-house developers because they don't need to cover any costs for overheads.
- You can immediately put together the team you want of developers from remote locations without wasting your time and money on finding them.
You're at the right place to find remote developers. Contact us today to form your team and begin creating your MVP.
What can I do to prepare myself to prepare for MVP development?
Check out my guide on how to design your MVP. It will help you step-by-step to the best preparation for Your MVP development.
Conclusion
Did you notice that the most significant companies started by using an MVP? They took the wise step of first evaluating their concept before moving on to more critical. If you want to build your MVP, you're in the right spot.
The company we work with is an MVP development company with more than 15 years of experience working for clients from all over the globe. Contact us today to begin.
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