What is Minimum Viable Product?

When it comes to creating a successful product for your business project, it could be challenging. To ease it out, a Minimum Viable Product (MVP) is required. MVP helps you validate your idea, identify market fit and fast feedback from the customers. It is also important to help companies that are in their early stages with the development of a customer-centric culture.This article is a complete guide on how to utilize a Minimum Viable Product (MVP) with complete steps and reasons for doing it.

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An App of Your Dream

Within a decade we have transformed ourselves from creating the first apps to having an app for any purpose. We can also think of some of us who think that we only need those apps on our phones and not many. So, how will we fill up our app store?

But the challenging part is most of the apps do not get downloaded or used. So many app ideas never make it to the Final Product Launch Day. Final Product Launch helps in the MVP process. A new app highlights the creativity of the designers and developers, the inventiveness of a few individuals like the end users and your client(s) and the market intelligence that is uncovered by Business Analysts, Products or Growth.

This ultimate product or app consists of rigorous testing by the Quality Assurance team and long coding time by the developers. At this moment, everything is put to the final test. The customers are the ones on whom the entire development project depends, whether they are from another religion, nation, time zone or thought process. This last moment holds the value of the apps and their lifecycle. To make it successful, it is important to follow every step in the development process. Just like if you forget a single ingredient of a cake, and it becomes tasteless.

Focusing on the Right People rather than the Process in the App Development Process. The development team helps to turn your dream project into reality and supports you in every step making the final product incredible from an ordinary one. When developing an app, you can consider it a complete life cycle where everyone from you to the development team plays important roles with different responsibilities throughout the entire development cycle.

Here are the team members of an entire app development process:

You – You are the entrepreneur or the inventor of the who is the man behind the entire project because you are the one who has conceived the idea.
Growth Analysts – The key individuals identifying your idea’s value and helping you see the opportunities for change during the collaboration.
Product Manager – They are the ones who validate, check, and establish to prove the existence of your idea in the market.
Business Analyst – They help to shape the process of development by taking your idea forward by filling and identifying the functional and technical gaps.
Technical Architecture – Help in estimating the time and effort required in delivering the idea while creating the vigorous system of architecture for a scalable and safe product.
Designers – They are the ones who help ensure that the end users see your idea with all their magic and simplicity with slick UI/UX (User Interface / User Experience) of the app, along with careful research.
Creative Head – They help in creating a platform of Solid Branding to show clearly that your app can meet the needs of tour end users and arouse interest in them.
Developers – They are a team of geniuses who help in having the ability to break every code in the process of app development.
Producer or Project Manager – They help in enabling seamless communication across the process of development ensuring a clear step leading the team along the journey of development.
Quality Assurance Team – They help in testing your products properly. Ensuring that it is free from any bugs or glitches to avoid disappointment from the customers.
Release Manager – They help in arranging and grooming your idea for the final launch into the worldwide market.
Team of Digital Marketers – They help to fulfil your dream in the real world by creating anticipation and excitement with your targeted end-users.
Supportive Team – They hold the entire project, making sure your idea is validated, and the necessary feedback comes to the development team to make the necessary improvements.

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Crafting a Minimum Viable Product and Steps involved in It

Identifying your Early Adopter's Needs

If you have a product-specific audience in mind, it can assist you in identifying their needs and the important features to add to your MVP as early as possible. It is important to consider the features that they are looking for with the help of ranking features in terms of urgency and impact, by creating all the features of your app.

The ranking features will depend on, those who have high impact and urgency will come under the category of “Must Haves” while those who have high, but less impact is into the category of “Should Haves”. It is another method of ranking along with creating a budget and a timeline for adding each of the features to your development team for working out and will wait for the Final Product.

Maintaining a Laser-Sharp Focus

The Design and Development process is so attractive that it can cause distraction in the minds of the business owners. They keep it simple rules are applied, more adjustments can uplift the time and cost of development. While branding and UI/UX are an integral part they are secondary to the purpose of MVP, i.e., adoption and testing usability.

Most of the successful products are less attractive and basic initially. Simple designs lead to honest feedback with more improvement. Entrepreneurs often incorporate ideas and seek opinions into the MVP. For that, they must prioritize the incorporation of feedback and simplicity more wisely.The more time your app remains in the design and branding stage, the more difficult it is to go into the development stage.

To make a fast MVP, we can:

Feel the Market and its Competition

Only the real users, and not just your friends and family can validate the idea of your app. It is not necessary to display your MVP to the entire universe. There is only one problem that is identifiable in the market – satisfying the needs of the audiences. So, launch your product onto the market and witness the reality. We can say that it is worth facing brutal honesty.

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Sprint

Keep up the pace throughout the feedback and the MVP loop. If your users report a new feature or bug fixation, you cannot pause that time. User feedback is an important part of your app development cycle that signifies the market demand for your app. The faster you need to meet the needs of the market the more your user engagement is. Sprint through the cycle towards your finished products. With the growth of adoption, feedback increases with more new features.

Conclusion

Building an MVP is important for launching a new product or service effectively. There are several benefits of a minimum viable product (MVP) but it is not the final product. It is only for collecting feedback and validating ideas. With the evolution of market insights, be ready to adapt to strategies and be insight receptive. Reach out to us at Sunrise Technologies. We also deal with MVP software.

Sam K Annavi

About Author

Sam is a chartered professional engineer with over 15 years of extensive experience in the software technology space. Over the years, Sam has held the position of Chief Technology Consultant for tech companies both in Australia and abroad before establishing his own software consulting firm in Sydney, Australia. In his current role, he manages a large team of developers and engineers across Australia and internationally, dedicated to delivering the best in software technology.