Along with cataloging the realized set of features, MVP software development assists entrepreneurs in the following as well.
Our MVP software development services include agile methodology (exhibit 1) to compare, sequence, and prioritize epics to define the MVP scope and avoid it turning into a Mediocre Value Proposition. When the MVP development is complete enough to deliver business value, we release it as a public pilot, analyze the data gathered and synthesize it to identify the top and bottom quartile feature-set and create a roadmap for the scaling up the MVP to a full-fledged product.
Exhibit 1:Agile software development methodology
We focus on the intersection of empathy and economics to distil the needs of users and the context from which they emerge. Through our research, we analyze emerging signals, trends, and drivers to understand potential impacts, risks, or opportunities, and together with your team, we will establish well-informed future-oriented perspectives (exhibit 2: Kano evaluation table) acting as the scope of the MVP.
How do you feel if the feature does not exist?
Exhibit 2: Kano evaluation table
Exhibit 3: Deciding MVP scope
Exhibit 4: MVP scope
Using design sprints, we diverge and discover different user flows for a use case or connected use cases, evaluate high-level feasibility to converge at the path of least friction. Using these well-defined user flows and agile practices as the bedrock for designing, we iteratively produce technically feasible MVP software designs to validate the product hypothesis and remove impediments that lead to product failure.
Exhibit 5: Divergent - Convergent design cycles
We execute the MVP development process on the back of an architecture that is scalable, secure and acts as a solid foundation to maximize the rollout speed of MVP. Based upon the goal and domain of your business idea, we engage our prepackaged, highly customizable solutions OR implement the best combination of technologies, be it full-stack, mean stack, native-OS and so on, to deliver value at the earliest within the budget.
Our array of multi-channel marketing experts provide leading-edge strategy for (exhibit 6: POEM model) paid and organic marketing. The marketing strategy in our MVP software development services is based upon the powerful combination of analytics, customer-centric data insights and a test-and-learn approach to increase awareness, improve investments, reduce revenue leakage and drive qualified engagements.
Exhibit 6: P-O-E-M model for marketing
The experienced scrum teams of our company incorporate the insights generated from the MVP software launch and incrementally scale the MVP to the full-fledged product by engineering custom purpose-driven modules and integrating cloud services like CRMs, payment APIs, tax APIs, shipping APIs, among others.
Entrepreneurs from diverse industrial backgrounds have opted for our profound MVP development services and launched online businesses into vast niches.
Minimum Viable Product (MVP) assists in gauging the market for a business idea. It helps entrepreneurs verify the demand for a service/product in their targeted markets and region.
MVP software development is important as it assists in preventing huge losses that an entrepreneur can face if the product does not perform well in the market after already investing in full scale development.
In layman terms, MVP refers to a product that is solely used for market validation of the business idea. For this purpose, it only requires the bare minimum features without any refinements.
On the other hand, a prototype is used for giving product demonstrations to consumers, investors and other stakeholders. For this reason, a prototype is just a close 2D or 3D replica of the actual product.
While a prototype can be both functional and non-functional, an MVP needs to be functional for proper market validation.
MVP software development is done using agile development practices that use various sprints to incrementally improve the software. By this method, developing the initial MVP for market validation and early adopter testing does not consume much time. However, the speed of the final software development will depend on the features suggested by early adopters during the test runs of MVP.
While scratch development is the most common approach to develop an MVP, many MVP development companies also provide readymade software. These ready-made software are pre-built with numerous features required to launch a business, and thus can also serve as an MVP and used for market validation.
Based on early adopter feedback, entrepreneurs can customize and improve readymade solutions. However, in the majority of situations, these solutions require minimum customizations because of their feature loaded catalogue. Click here to check all our readymade business solutions.
Many entrepreneurs have made it big using an MVP. Some companies that started with an MVP and now are considered as global giants are Amazon, Facebook, Twitter, Uber, AirBnB, Spotify, DropBox and Etsy. However, MVP development is completely optional for a startup.