This will help quickly test the idea, study the audience in the online channel, see how the entire purchase cycle goes and establish all business processes. Pros and Cons of MVP There are advantages to creating and launching a simplified product model, namely: Saving time, money and effort. Direct interaction with a real audience. Prompt feedback from the market about the pros, cons and demand for the product. But the MVP concept also has a number of disadvantages. Here are the main ones: Reputational risks.
If the product is unpopular or of low quality
Users may develop a negative perception of the company as nepal phone number library a whole. Sometimes this is critical for large businesses. It is difficult to define the composition of the MVP. Developers may argue about which function should be considered the most important. Sometimes it is simply impossible to cut the functions that are the basis of the project. In addition, the MVP method is not always compatible with innovative high-tech solutions .
A thoughtful analysis of feedback is required
It takes time to collect user feedback and figure out what exactly people liked and didn’t like about the product. Sometimes it takes several successive MVPs to collect all the data needed for development. Types of MVP There are several approaches to developing area code 201: key facts, history, and what It covers a minimum viable product. Here are the main ones. Monofunctional product Such an MVP has one main function, but it does it well. For example, the first version of the Airbnb website was a simple landing page.
Where the founders of the company offered
To rent out part of their apartment. All the hotels in San Francisco at that time were overbooked, the idea turned out to be successful. Another example: the popular Spotify service at the start of the project could only perform one function – stream music. Interestingly, later tg data they added not only smart algorithms for recommendations and selection of melodies, but also author’s selections, the ability to follow friends’ music and much more.
The Flintstone Method
The idea is that you don’t design the entire product, So Flintstone’s car didn’t have an engine, he moved it with his feet. An example is the story of the world-famous Internet portal Zappos. Its founder, Nick Swinmurn, initially simply posted photos of shoes from local stores on the site. After receiving an order, he bought the required pair and sent it to his client.
