A minimum viable product is an effective way to figure out whether your product will be successful or not. It’s where you create a working version of the product and present it in front of specific users. If they find it intuitive, feature-rich, and impressive, it means you are going on the right path. But, if not, then you might need some upgrades or improvements in the product. This should answer your question why build a minimum viable product for your startup.
MVP is used by various famous companies, and now they are flourishing with profits. If you are wondering whether MVP will be useful for your startup or not, then read through:
What are the Benefits of MVPs?
One of the best things about MVP is that it doesn’t require a full-fledged end product. Just the basic version of the product that gives a fair idea of its working mechanism would do. Also, if the early adopters like an
MVP they do not hesitate to purchase it. So, you will be making profits too.
Other than that, MVP helps to test the UX and usability of a product while focusing on core functionalities. It gives clarity of vision and helps you understand the customer’s needs. It also prevents you from spending too much on a product that does not deliver the features as it should!
MVPs might be a bit time-consuming or require technical skill, but the outcomes are totally worth it. All in all, MVP can help you develop the ideal product with minimal risks. Don’t confuse it with product prototypes though, both are different.
To ensure a successful MVP, it’s important to come up with a high-end product design. At Symphony Software, you can get the best digital product designing services to take care of the design process. Their top-notch services ensure your initial product designing steps are on-point so that your product gets a green tick from the users during MVP.
Examples of Successful MVP in the Industry
MVP has been used by various popular platforms, including Facebook, Amazon, and Zynga. Let’s go through their tactics in brief:
Back in time, Facebook, or Thefacebook (as it was called), came with an MVP where they connected college students. The platform allowed these students to connect through their institutions and post messages to the board.
While the approach was common among other platforms at that time, Facebook had a simple user interface. Thus, it gained popularity, and the rest is history!
Amazon, one of the eCommerce tycoons, started off its MVP by selling books online. What worked for the company was its simple design and low prices.
People got to read their favorite books without spending a fortune, plus it was intuitive. Both these factors made the company a massive hit back in 1994!
Airbnb initiated its MVP by providing accommodations to people who came to town for attending designing conferences. The founders, Brian Cheeky and Joe Gebbia clicked pictures of their loft and featured it on a simple web page. Soon, they had three guests, and since then their business grew up vigorously.
The best out of all MVP examples has to be Zappos. Founder Nick Swinmurn started off Zappos without any stock. He clicked pictures of certain shoes that he liked from other stores.
If any customer ordered it, he would get it conventionally from the store and sell it to them. This tactic became a massive hit and now Zappos is on the top!
MVP Delivers the Best Results! That why you should build a minimum viable product for your startup.
Now that you know about MVP, start implementing your imagination and create your dream product design. Alternatively, you can tell your dream design to professional designers from Symphony Software, and the team will handle the rest.
Our expert designers will deliver the perfect product design that’s worth instant approval from the early adopters. Contact us and try out our services today to see for yourself.