Minimum Viable Product (MVP) - eBook Edition
A complete guide to getting your product into the market quickly, allowing real consumers to provide valuable feedback on what works and what doesn't, so you can refine and improve efficiently.
Table of content
What is a Minimum Viable Product (MVP)
- A Minimum Viable Product Is Minimal
- A Minimum Viable Product Is Viable
- A Minimum Viable Product Is a Product
- MVP Is Not a Product, It’s a Process
- Minimum viable product case study
History of MVP
Related Concepts to the Minimum Viable Product
- Prototype
- MLP vs. MVP
- The Minimum Viable Product and Lean Startup Philosophy
- Minimum Viable Product vs Minimum Marketable Product
- Minimum Viable Product vs Proof of Concept
- Minimum Awesome Product (MAP) vs MVP
- Minimum Marketable Feature (MMF)
- Minimum viable brand (MVB)
- Minimum Viable Co-founder
- Minimum Viable Team
- Difference between MVP (minimum viable product), working prototype, and beta version
Common Pitfalls
Key Characteristics of a Minimum Viable Product
What is not a Minimum Viable Product
- A product that does not remain true to its assumptions
- A product that is not developed iteratively
- Non-Minimum MVP
- A poor quality MVP
How MVP works
Types of Minimum Viable Product
- Low-Fidelity MVP Types
- High-Fidelity MVP Types
Could Your Startup Be Using an MVP?
What Type of MVP is Best for You?
The Purpose of a Minimum Viable Product
- To Enter the Market with a Small Budget
- To Find the Right Audience
- To Create a Balance Between Company Offerings and Customer Needs
- To Minimize Errors
- To Collect the Maximum Quality Feedback
What is the MVP Development Process?
MVP Product Development Benefits
- More Focus on Building the Core
- Meteoric (Speedy) Product Development
- Market Validation
- Minimizing the Product Development Cost
- More Feedback = Improved Product
The Need to Build an MVP
- Stats Emphasizing the Need to Build an MVP
How to Build an MVP: A Simple Guide
- Start with Market Research
- Ideate on Value Addition
- Map Out User Flow
- Prioritize MVP Features
- Launch MVP
- Exercise ‘B.M.L.’ — Build, Measure, Learn
MVP Metrics
- Business vs. User Metrics
- Vanity Metrics vs Actionable Metrics
Key MVP Development Mistakes
- Choosing the Wrong Problem to Solve
- Skipping the Prototyping Phase
- Targeting the Wrong Set of Persona
- Inappropriate Development Method
Confusion between Qualitative and Quantitative Feedback
Tips to Target the Right Market while Building an MVP
- Analyze the Competition
- Geographically Segment the Customer Base
- Find the Motivation Behind a Purchase
Tools to Build MVP
MVP Implementation Steps
Why You Should Test an MVP
How to Validate Your MVP Product?
- Crowdfunding
- Pre-Order Pages
- Customer Interviews
- Piecemeal MVPs
- Landing Pages
- Explainer Videos
- Ad Campaigns
- Social Media Surveys
- A/B Testing
- New Signups
- How to conduct an effective user interview for your MVP
Few more Ways to Test an MVP
- Experimental MVP Testing
- Manual-first MVPs
- Concierge MVPs
- Digital Prototyping
- Paper Prototyping
- Single-feature MVPs
- Hallway Testing
How to conduct effective usability testing
- Plan thoroughly
- Prepare a prototype or product for testing
- Find the right users for testing
- Conducting usability test
- Document the tests well
- Analyze and repeat
Examples of the Minimum Viable Product
- Airbnb
- Foursquare
- AngelList
- Buffer
- Amazon
- Groupon
- Dropbox
How Much Does an MVP Cost?
- Initial Budget to Build an MVP
- Time Required to Build an MVP
- MVP Cost of Design
- Number of Features and Complexity
- Technology Stack
How to reduce costs of building a Minimal Viable Product (MVP)
- Prioritize and start with key features
- Choose cross-platform development
- Adopt a suitable project management approach
- Use continuous integration and continuous deployment
- Start testing early
- Choose a partner with a trusted IT service provider
How to Calculate The MVP Development Time?
Should You Outsource the Creation of Your MVP?
Measuring Success After Building an MVP
- Key metrics to measure your MVP success
- Feedback
- Net promoter score
- Activations
- Active users
- CAC (Customer Acquisition Cost)
- MRR (Monthly Recurring Revenue)
- ARPU (Average Revenue per User)
The Existing Alternatives To An MVP Approach
- Minimum Lovable Product
- Minimum Marketable Product
New Alternatives To An MVP, MLP, Or MMP Approach
- Minimum Catchy Offer
- Black Hole Strategy
- Lean Investor
Steps to Move from MVP to Full-Scale Product
- Collect Feedback
- Prepare to Scale
- Get Your Pricing Right
- Market Your Product
- Analyze and Test
What is MVP in mobile apps?
How to Build MVP Apps
- Understand the Market Requirement
- User Journey
- Research and Planning
- Features of the Mobile App
- Design, Develop and Launch MVP
- MVP Value Addition
Examples of Mobile App MVPs That Are Now Massive Successes
- Spotify
- Uber
Minimum Viable Product (MVP) in UX Design
The Role of UX in Developing an MVP
How the MVP was ruined
Criticism of MVP
The MVP is still incredibly important
What Comes After Minimum Viable Product
Conclusion
Minimum Viable Product (MVP)
- Instant download - eBook Edition
- 9 Examples of the Minimum Viable Product
- Launch fast with a minimal, functional product.
- Validate your idea through real user feedback.
- Cut development costs, focus on essentials.
- Test, learn, and refine quickly.
- Reduce risks and scale smarter.
- Use proven MVP strategies for rapid growth.
