Contents
Frequently Asked Questions
When your minimum viable product is built, you should present it to early adopters. This user category will express their honest opinion about your product. You will understand whether it is worth developing further. Also, you will find out what functionality should be added, modified, or removed.
There is no general answer to the question of how long it takes to build an MVP. Time frames are defined by the product complexity and the functionality you want to implement. However, since you build an app with a few core features, it will take less time than creating a fully-fledged application.
The term “minimum viable product” belongs to Frank Robinson, the co-founder and president of SyncDev company. The MVP concept introduced in 2001, was popularized later by Steve Blank and Eric Ries. Ries is the author of the book ‘Lean startup’, while Blank invented customer development methodology.
A minimum viable product is vital since it helps test the feasibility of your business idea. The MVP launch shows whether your venture is worth investing in. If your product is sought-after, you can advance it further by adding new features. At the same time, lack of interest gives you a solid reason to pivot.
The purpose of launching a minimum viable product is getting valuable feedback from early adopters. The reaction of pioneer users will show you whether your product can fix issues it is supposed to solve. Also, you will find whether your solution is better or cheaper than products offered by competitors.
First, you may build a landing page to test different pricing models for your MVP. Secondly, customer interviews will provide you with first-hand and honest information about your product. Finally, you can launch an Ad campaign to define the demographic for your solution.