Have you ever spent time in the first concept approval process while establishing a company or launching a new product? If so, an MVP Development process is the best way to start working on your concept from the beginning and test it fast for launch.
In the previous part of this guide, we have gone through the basic concept of MVP and MVP App Development, as well as the preparation for the process.
Moving on, this part will show you 6 steps to build MVP for start-ups and what to do after MVP App Development.
Let’s go!
Contents
Different Methods for Creating an MVP for Start-ups
The term “viable minimal viable product” is often used in a wide sense. It includes a variety of methods. Because it is an MVP, an app is not expected to be a fully completed product. MVPs, on the other hand, are goods that will accomplish their objective via subtraction. The following are some examples of MVP products:
No product MVP
A no-product MVP is a code technique that allows companies to verify a concept and get feedback without actually coding. Companies in this situation rely on marketing efforts to test the potential in principle. In diagram form, the system merely depicts or explains everything. To get the idea out there, they utilize landing sites, advertising campaigns, polls, video explainers, blogs, and so on. It is a great method to pre-sell a product or generate funds before it is constructed.
MVP Product Mock-Up
Making a mock-up MVP enables companies to demonstrate some of the characteristics of a future product. Developers often replace complex automated functionality with simpler or manually managed alternatives. MVP concierge does not use advanced technology and instead relies on Amazon Mechanical Turks to carry out its duties. Manual labor is also used in The Wizard of Oz to duplicate essential functions. They do, however, provide a nearly authentic user experience.
MLP
MLP is an acronym for the minimum-loving-product, with an emphasis on consumer happiness and a product’s minimal viability. The goal is to develop a product that makes a good first impression and provides a memorable experience.
6 steps to build an MVP for start-ups
Functioning with startups to help them develop their MVP has given us valuable opportunities to observe their difficult journey and assist them to the best of our abilities in translating their ideas into a minimum working product.
Depending on the nature of the project, there are a variety of frameworks available to assist us in developing a successful MVP. We’d want to choose six steps from among them. Of course, these should not be regarded as the only six stages, but they may be your reliable reference sources to help you navigate the complexities of creating the appropriate MVP and get you on the correct track from the start.
Step 1: Conduct research about the market
Before a startup starts work on an MVP, it must first analyze the fundamental assumption, examine the product’s functionality – what issue does it solve?
Collecting insight and characteristics of the market is such a key point making the project successful. Once you understand this information, your products will be more insightful and better adapt to the new market.
In part one, we have mentioned preparing the resources for the research. Based on that you can conduct the research better.
While this may seem to be a textbook procedure, it will assist companies in making educated decisions. Identifying the target audience and analyzing their reason for selecting the goods on sale are also part of the preliminary research. The research phase may also include a look at the competition to determine how to differentiate the product from others on the market. This kind of study assists companies in determining which characteristics the product must-have.
Step 2: Seek new ideas to develop MVP
Apps, like all successful products, address a specific issue. An app that fails to address an issue or solves it insufficiently is destined to fail. As a result, businesses must devote time to developing unique selling points (USPs) that will make their MVP a smashing success. Plan an easily scalable MVP as well.
However, don’t stop with the first one that you like. Since we need as many ideas as possible to make the products outstanding and satisfy the needs of our customers. You should think about the solution but in many aspects of users and other businesses. By doing that, you will have more choices and be able to provide the best products for a large number of users.
It is equally critical for start-ups to consider the production costs during the first phase as well as the period when the company grows. The pricing is also determined by the kind of product that the company intends to offer.
Step 3: Sketch out the “user flow”
The phrase “user flow” refers to the path that a potential client will follow with the company. With the aim of designing and developing an app that is as user-friendly as possible, entrepreneurs must focus on creating an application that is as simple to use as feasible. The user flow must include essential functions required for the user’s pleasure. You can use the research results to analyze and come up with a suitable “user flow”.
No matter how easy it seems, always break down stages to explain how users will achieve the app’s intended objective. It is critical to identify even the different tiers in order to reduce down to an end app product that provides an excellent user experience. Examine the app from the standpoint of the user to verify that you can streamline the procedures. Outlining granular user processes also assists companies in identifying opportunities for future development.
Step 4: Define the features of the MVP
Outlining the user journey should assist companies in determining which features are important to include in their MVP and which should be dropped. It is essential to distinguish between what consumers desire and what they need in order to discover and prioritize key features. Sticking to user-requested features may ruin the user experience and jeopardize the product’s ultimate purpose. Start-ups should choose features that are consistent with the overarching objective of their product concept.
Since the MVP is developed with the purpose of testing, just add the features that you think will work in the user flow. However, don’t mess up everything. The features should be clear and organized carefully, so the users can give the most accurate feedback. Keep in mind that MVP is not your final product.
After determining the app’s key features, prioritize them properly. Allow the essential component of the app to be the one that is most useful or interesting to the market. To make the process even easier, you may assign each element to the phases of your user flow here.
Step 5: MVP App Development
After narrowing down the main features and thoroughly understanding all of the customer and market requirements, it’s time to start developing the real MVP. Any mobile app development firm must guarantee that their applications are easy to use for their consumers. Prepare to create an interesting and appropriate app product.
Start-ups should begin by determining which technology is most suited to their project’s requirements. A well-thought-out development process guarantees that the final product is readily scalable.
Start-ups can choose to develop an MVP by themselves to prove their ability in technology. However, software outsourcing is not a bad idea, since it will reduce the burden on the workload of human resources. Moreover, when working with us, we can provide MVP App Development solutions with a professional process. It reduces more time and effort. They can consult what will suit your business based on their experiences.
Step 6: Analyze and solve the feedbacks from the market
When the MVP is complete, entrepreneurs may take it to market. Simultaneously, product testing is ongoing to guarantee the product’s stability and sustainability.
Testing continues after the app development phases are completed. The comprehensive testing effort includes inspections by quality assurance engineers who enhance product quality both during development and after the product is released. Using the right metrics will help this process be more effective.
The testing process should also involve user acceptability testing to get input from end-users on what is lacking from the MVP. It not only improves the product but also lowers the likelihood of it failing in the market. Constant improvement ensures that the company produces a final app product that is appealing to the target market and ready to be sold for profit.
4 things to know if you want to move from Minimum Viable Product to Full-Scale Product
It’s the same narrative that keeps repeating itself. Initially, a group develops a concept for a business. Following that, they devote considerable time and money to the MVP creation process, debating which features to add and which to exclude when creating an MVP.
Finally, the MVP is released to the market, and if everything goes as planned, the company has a solid and mature product. It’s obvious that the final purpose is the full-scale product.
So you should take a look at these 4 things to know to avoid failures.
- Collect Feedback
Like mentioned before, MVP is not your final product. You should use MVP to make the full-scale product better and satisfy your future users.
Up to the introduction of your MVP, you developed an MVP based on features that you felt were essential, with consumers in mind. However, as soon as your MVP hits the market, you’ll have a better piece of advice to follow – the direction given by prospective consumers utilizing your MVP.
Your task is to gather ‘real data’ after releasing your MVP to the market and determining why prospective consumers purchased or did not buy your product.
You may monitor and learn from user interactions by watching the metrics or user behaviors essential to engine growth, and then determine which features to enhance, add, or remove.
- Prepare to scale
There seems to be consensus in the startup industry that in order to create an MVP, an essential element of technological scalability may be ignored. Every company is concerned with verifying its assumptions, validating them in the market, and generating significant traction. Later on, the issue of scalability arises as a problem.
Unfortunately, this irrational conviction has resulted in some heinous startup failures. ‘TaskBob,’ a home-service company that had received approximately $5.7 million in financing in 2014, had to shut down in 2017 since it was unable to grow up and produce revenues.
Always be prepared and enthusiastic; there is always a possibility that your MVP will catch up fast and signups will begin to pour in.
- Make the right pricing
Start-ups often choose to postpone the ‘pricing quotient’ throughout MVP development or even after the launch of an MVP because they believe their product is not yet ready. They question how you can charge for a minimal product based on the concept of an MVP.
But the point is that even if the product is still in the MVP stage if you’ve addressed the top customer pain points and followed a customer development process, you’ll be well on your way to success. A minimal viable product does not imply a half-baked or unstable product.
- Use marketing
As previously stated, an MVP is not a finished product, but rather a package in the early stages of product development. However, once your MVP is out to the market, you need to be prepared with a marketing plan to inform the rest of the world that your product is finally available.
It is preferable to begin product marketing as soon as your MVP is out. However, there is a distinction to be made between selling your MVP and marketing your finished product.
Build your ideal apps with JSLancer
Understanding that time and cost are among the top concerns for SMEs, JSLancer aims to provide easier MVPs software development solutions, which are more accessible to different firms across the markets.
By working from the early stages of building products, JSLancer will be able to figure out the business landscape. Therefore we can come up with solutions tailoring to your specific needs and barriers. We offer end-to-end MVP software development, so you can reduce time to market and help you achieve your goal.
Why choose us?
- Save up to 70% of your budget and still remain the product’s quality.
- Transparent commitments and observable plans for long-term cooperation.
- 24/7 support team
- 100% of software developers have +5 years of experience, high-level of tech skills and are fluent English speakers
- Free consultation and Proposal
Contact us now: hello@jslancer.com
Conclusion
We hope that with two parts of “MVP App Development: A useful guide for start-ups” you will understand more about the process and make a good choice for your business.
You are now prepared to start on your first MVP Development adventure. Remember that it doesn’t have to be flawless! Simply follow the processes and techniques outlined to create an MVP for your project.