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5 Golden Rules of Building Your MVP The Right Way

If you are reading this blog and familiar with basic marketing strategies, pardon me for making an assumption: you already know an MVP is; what it means and why startups and business owners are loving it. It is basically the minimum version of your product with the absolute crucial features.

 

There are many rules for building the basic version of your product. Most of these are suggestions by experts who based on their experience and analytics power share such insights. Before you launch any product, it is essential to understand the market. So let's discuss why building an MVP would help your business.

 

  1. Cost-Effective

It takes no genius to understand this - lesser the features, lower the expenses. Even after conducting tons of research, it may at times be rather difficult to foresee the outcome. The best option, therefore, is to take the road with minimum risks. MVP is especially recommended for startups as they generally have lower budgets compared to business giants. 

 

  1. Build Faster 

Again, we are applying the same logic - lesser build time, fewer features. If you are in a hurry to get your product validated, build an MVP app. By launching your product before your competitors, you have a better chance of succeeding. 

 

  1. Smarter Evaluation

While creating an MVP, there is less room for error as you have to take care of fewer things. This simply means that after launch, there will be better scope for your team to evaluate what works, what does not, and what needs to be changed. 

What Are The Golden Rules For Startup MVP Development?

Like any other road to success, there are do’s and don'ts to build your MVP in the right way. By following these rules, you can be rest assured that the chances of your success are greater. So without further ado, let's discuss these rules, shall we?

 

  1. Stop Aiming For Perfection!

We understand that perfection is desired by almost all business owners. However, you must understand that the line between addressing a basic requirement and ornamenting those features. If you are trying to build an MVP app, especially with a limited budget your goal should not be perfection. 

 

Rather, it should be just adequate to meet the requirements of your customers. Your end goal should simply be testing it in real market conditions. After all, the entire idea behind creating an MVP to test your user’s responses. So, try to focus on reducing the bugs and other errors as much as possible at this stage. This is not the time to be picky about designs or layout!

 

2. Build That Prototype!

 

Okay, so this is a crucial phase. Why so? Your idea is turned into a reality at this stage. Speaking from a business point of view, this is a much-needed phase that cannot be skipped. A prototype that is fully functional improves the user experience of your business. Before proceeding to the further stages, make sure you got this part right. Have a look at these stages - 

 

  1. Interface architecture - The basic foundation for your startup MVP development.

  2. Low fidelity interactive prototype - A rough sketch of your app’s data architecture.

  3. High fidelity interactive prototype - The final step closest to the actual product.

 

3. Get A Complete Team!

Want to launch your product with the least errors? Forget the term “jack of all trades”! It is practically impossible for one person to be equally good at almost everything - designing, marketing, sales, development, and so on. You need different people to handle each of these jobs and there is no way around it - a single person trying to multitask is likely to lose focus.

 

If you are the CEO and looking for a co-founder, do make sure that their skillset differs from yours. Say, for example, if you come from a technical background, find one with good marketing skills, and vice versa. 

 

4. What’s In A Story?

Story mapping - something that helps you identify and analyze the pain points of your customers and the gains they get. In order to get a better idea of the roadmap, here are three things you can do:

 

  • Note down the actions that your customer will or may have taken.

  • Note down the pain points for each action and inconvenience caused to overcome the actions. 

  • Note your gains while addressing the pain.

 

Now, you can use this roadmap to build your MVP with the right features. 

 

5. Understand This Crucial Difference

Did you know that there is a marked difference between the minimum version of your product and beta version? That’s right!

 

MVP comes before the beta version is released to validate the product. The beta version comes after the release of the product.

 

Ready to take on?

If you are ready to launch your MVP in the market, then it’s high time that you first connect with the best mobile app development company. Make a wise decision while you choose your tech partner. Go for the one which has helped hundreds of startups and entrepreneurs launch their products to make a difference and can help you too!

 

Happy MVP building!

 

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MVP, MVP, minimum viable product, minimum viable product, app development, app development, product development, product development, building MVP, building MVP, mobile apps, mobile apps, startup, startup,

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