Launching a new product is almost always a big risk. It may not be in demand by customers or understood by the audience, and competitors may have an easier solution to the problem. The MVP model will help you check the viability of an idea in advance and reduce possible risks. It allows you to predict the commercial and technical potential of the project, and assess the level of future demand.
In this article will tell you
what MVP is and how to use this tool correctly. You morocco phone number library are reading the magazine Compass – a messenger for effective and safe teamwork. Learn more about Compass What is MVP MVP, or Minimum Viable Product, is translated as a minimum viable product. MVP is the initial version of a product that has the simplest functionality, but can still solve a client’s task or problem.
That is such a product implements its main
Value for the consumer, and it can be used immediately. For example, the founders of Uber started their work with a very simple application. Previously, it was only possible to order a taxi, link a card and pay for the ride. The fleet at that time consisted of only advantages of an application for your business three cars. that allowed them to test the relevance of the idea. The main advantages of MVP are the relatively low costs of creating the product and testing it in real conditions.
The company gets the opportunity
To look at the product through the eyes of the user before starting large-scale and expensive development. MVP is a minimal, but ready-to-use product tg data that can be improved later. Prototypes, alpha and beta versions of the product, unlike MVP, may contain bugs and errors. In addition, they do not enter the market.
Which means they are not available
A wide range of people, and their real demand is difficult to assess. Therefore, developing an MVP is a great tool for testing an idea “in action” and on real users. Based on the results of this experiment, you will be able to understand whether you need to develop the product or stop.
