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How to Build a Minimum Viable Product In 2020


Startups are popping out like mushrooms in the rain. Due to survivorship bias, we only know successful startups. But what about those that failed and caused vital losses to investors?

The majority of startups collapse because the market doesn’t need them. To understand what customers need from your product, you should develop a minimum viable product. MVP costs less than a full-fledged solution and allows you to study the situation on the market. This approach got companies like Amazon and Dropbox all the way to where they are now.

This post will shed some light on mvp software development. I’ll also give some examples of MVP, so stay tuned.
How to Build an MVP
Even though an MVP has fewer features, you still have to take steps before the development. So, let’s find out all the details of the MVP development process.

Market Research
Market research is the fundamental point of any project. If you don’t want to end up broke — analyze. Make sure that your product will be interesting for users. There are a lot of platforms that conduct paid surveys, like SwagBucks, Onepoll, Toluna, and so on. Use their services to get a detailed portrait of your customer. Also, keep your rivals in sight — monitor their updates.

Get a Clear Idea
Here’s the challenge that requires every entrepreneur to think. You should find an answer to the following questions:

What problems can your product solve?
How useful can it be for the end-consumer?
Why would they use this solution?
At the end of this stage, you should have an accurate picture of the essential qualities of your product. Since these qualities should help users, you should first define the problems to solve, and then get down to MVP app development.

Define the Feature List
While building an MVP for a startup you have to provide a software development company with a list of features. So write down all the components you want to have in your app.

Further, leave only those features that are vital for the concept of the app. MVP means that you don’t have to implement complicated frameworks and fancy design at once. So, take one step at a time.

Build and Launch
After all the points are settled, you can begin the development of your MVP. A common mistake here is to launch a product of poor quality hoping to fix it in future updates (and never fixing it). Building an MVP doesn’t give you the right to launch a bad product. It has to satisfy customers and investors, or it’ll be a failure from the first minutes. Nevertheless, it has to be laconic, easy to use, and match user needs.

Analyze the Feedback
After collecting user responses, you should make a conclusion based on them. User feedback can help you a lot. Early users will be both your testers and idea generators. They will offer you features to add next and find bugs.
cleveroad 12 may 2020, 12:55
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