MVP acronym to mean “Minimum Valuable Product. It is a basic version of the product or a service that has core features released inorder to test a new business idea which matches the needs of the customers. It involves strategy, idea generation, measuring, learning, and analysis directed toward making and selling a product to customers.
The purpose of MVP is to identify the market for that specific product or service and present the more accurate information about your customer’s specific needs.
Prosperous companies like Dropbox, Facebook , Uber etc have started as MVPs. These examples prove that you should first care about your customer’s feedback initially before your final product is released into the market.
With the right MVP application, you can test your concept with real customers and with their immediate feedback continue to build a product that they will simply love.
Advantages of developing a Minimum Viable Product Development
- This process allows you to release iterations (that is, versions) quickly and to learn from your mistakes.
- This approach ensures that your concept is well accepted before you actually start spending more money.
- You already have a group of early users when launching the final version of the product
- This, in turn, leads to increased customer satisfaction and word of mouth recommendations
Qualities of a Minimum Viable Product
- Offers most important features/functions for the target audience
- Display sufficient future benefits and advantages to retain early adopters
- Offer a feedback loop to guide future development
Building an MVP is not difficult but it requires experienced and proactive mobile & web app development company who will capture the primary goal of your product, who know your target audience and who are tech experts.
Whether you are looking for Web App or Mobile app development MVP in any vertical, Krify is the right team and perfect fit. We have vast experience in helping startups and entrepreneurs in building MVP versions. Our expert team of solution consultants and architects provide all the consultation you need to roll-out your from designing, writing, coding and managing your project in a rightful manner. So, you can build a better product that will resonate with future users.
Now are you ready to create your very first MVP? Then contact us ,we look forward to hearing from you and act as a valued partner rather than a mere vendor..
Discuss your idea with us, We will take it up to the next level with a beauty of dream to the reality.