Looking for a way to test a new version of your product with maximum output but minimal effort?
You’re one lucky folk because we got something in store for you.
The MVP or Minimum Viable Product method was created by Frank Robinson and Eric Ries, the founder of Lean Startup methodology. The basic concept of MVP was to allow development teams to gather the maximum amount of proven customer knowledge while making minimal effort for it.
MVP is more than just creating a prototype for your idea. It is about validating the sale of your creative idea. It tests how the users or target market will react to an application product you’ll launch.
It has the same idea as the food testers we see in supermarkets. The testers will provide you with an ample taste of the actual product. Salespersons would often hand out little chunks of hams, cheese, and all those products that could be taste-tested. In this method, a buyer will experience the taste of the product, and the salesperson will get a hold of the reaction from the buyer.
We offer various MVP development services that can be beneficial for your business. Some of them are:
You might wonder how we even do it.
Let us take you on a quick peek at how our process goes. The process begins after we’ve made an initial conversation about what you want to happen.
Before planning anything, we must have an initial idea of who this product application is for. Planning or strategizing the whole concept without even knowing the general profile of your target market will be a quick downfall for the prototype we're building. We set the foundations of the strategy through market research first.
Pearl Lemon Web shall list and prioritize all the beneficial features for your business and the users. We need to identify the key feature of your product so that users won't be lost in a maze of features. We don't want them complaining about difficulties, don't we?
We won’t present your prototype naked to the world. We’re going to dress it up with a creative design that will appeal to your customers even as early as now. Visuals are important in user experience, so why not start experimenting now, right?
After testing various prototypes with real consumers, we pay close attention to how they interact with your brand and gain valuable ideas. This is the point at which we begin using the minimum viable product method to create the most valuable product you'll ever produce.
If it’s not that obvious right now, then we’ll elaborate more for you. Here are the benefits you can gain from MVP Development.
You can spot errors earlier before the launch of your actual product. It creates room for adjustments and optimizations that you didn’t think you needed.
Get to see the different points of view from the actual users. You can use this to enhance your initial idea into something appreciated universally.
You’ll get the chance to validate your idea without incurring big losses at all. It’s a precautionary phase so that you’ll know if everything is actually feasible to work with.
A prototype is not just a tester– it’s a sample of the actual product you’re going to launch, and with that, you can pique the interest of the general public if they have good user feedback. Who knows, you might even attract investors with it.
The term “minimum viable product” (MVP) refers to a product that has been built and therefore is ready for early consumer test.
Once a product has achieved momentum and revenue, it’s common for it to be modified and enhanced over time. Once an MVP has picked up steam and demonstrated its ability to acquire market share, it may be evolved into a full-fledged product that can be mass-produced and sold to a larger audience. The primary purpose is to collect feedback before releasing a full-fledged product.
MVP sells a product earlier without investing heavily in research and development of the product. With this, you’ll avoid cash flow problems. You may utilize the cash from current customers to conduct additional market analysis, add features that people demand, and engage in marketing to a larger audience as your brand grows in popularity.
Here at Pearl Lemon Web, our packages differ depending on the business we handle. With that, our rates also vary on a case-to-case basis. To learn more about the costs– you can reach out to us HERE.
If you’ve never created an MVP before, you’ll probably need all the assistance and guidance you can get. In addition to being able to depend on a team of professionals with industry partners and expertise, outsourcing your MVP development to a business specializing in the industry is generally cheaper. You can save time and ask all of the appropriate questions to figure out what you want to accomplish and how to make your ambitions a reality.