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Tech companies of different sizes can make use of an MVP, or Minimum Viable Product, to validate their business idea and market assumptions directly to the market. As its name suggests, an MVP has to be both minimum and viable. Thus, only minimal resources are required since the MVP must not go over the bare minimum. This cost-effective strategy enables companies to get direct feedback and data from the market even before the actual launch of the fully developed product.

Despite having a strategic aim, there are certain characteristics that set a good MVP apart from a bad one. Though…

Developing an MVP, or Minimum Viable Product, is a vital part of early product development. However, MVP development is not the end goal itself. It is only one of the early phases in the entire process of developing your product.

MVP development is a tedious process that involves time and resources. When the MVP is developed and when the MVP development goals have been met, what comes next? What are the next steps to take?

Once you are done with the MVP, you can then proceed to your MMP or Minimal Marketable Product.

What is an MMP?

Once your MVP development goals have been…

Once your chosen MVP, or Minimum Viable Product, is developed, you can then proceed to launch it. Launching involves releasing the MVP to the market in order for it to serve its purpose.

Launching your MVP may be divided into two separate phases. These are named the soft launch and the hard launch. Because the purpose of the MVP is to collect true insights from the market, the purpose of such division in phases is the same. The results garnered from the first phase serve as input for the latter one. Both phases enable you to either confirm or disconfirm…

Building an MVP, or Minimum Viable Product, cannot be finished in a single time. MVP development is a meticulous process that needs a certain skill set to get it done.

When getting your MVP developed, it is important to know that your MVP is a showcase of the solution your business offers. Thus, the MVP must prioritize the business purpose first. This tricky mindset tends to affect the MVP launch, especially for startup founders who have technical expertise or background.

The concern now is: how do you develop an MVP? Let’s take a look into the MVP development process.

Step 1: Conduct Market Research


Developing your MVP, or Minimum Viable Product, can be done through either in-house development or outsourced development. The former option involves forming and building an in-house team of your own, while the latter refers to partnering with a specialized software development firm to do the job. Though there are companies that opt for in-house development, several other tech startups have found it favorable to outsource their MVP development instead.

Outsourced development offers a number of worthy benefits, but on the other side of things, there are also some concerns. When outsourcing MVP development, there are questions that companies may ask…

Opting for an MVP, or Minimum Viable Product, before going all-out in the software development or app development process has become an acknowledged strategy. Because of the significant margins for improvement brought about by an MVP, tech startups and companies can significantly reduce risks. This is a vital benefit that enables companies to move through the market strategically.

MVP development is an intricate process that requires different kinds of resources. The concern would be whether the company’s existing team is capable of building and launching an MVP on their own. …

Traditionally, product launching takes place after the completion of the product development process. Though this approach is still incorporated by some businesses, others have opted for a more cost-effective and risk-mitigating approach. This is especially so for startups in the tech industry. Several tech companies started out with basic applications that were further developed into what they are right now. These companies started with an MVP, or Minimum Viable Product.

An MVP is a released product that enables the product owner to validate the idea and test the market. MVPs are usually used for apps and software. When tech startups…

Minimum Viable Product (MVP) Development is an acknowledged strategy that has been incorporated by big, small, and medium enterprises globally. The general goals of MVP development are to validate the app idea and test the market. However, it is important to know that the goal of a particular MVP development must be specific and measurable.

Business assumptions you can test through an MVP

Though MVP development has general aims, it is necessary to know the exact business assumption that the MVP would work towards validating. Some of these business assumptions include:

1. There is an existing need for the services this app would be able to offer.

An app idea typically stems out from a perceived need. If the perceived need turns out to…

Django is a particular framework that is intended to help developers create extremely scalable websites or web applications for a constantly growing audience. The perfect example of these websites or apps would be either content-based or news apps or websites. Django is said to perfectly work just as it is and even provides its users with a wide range of options in order to create the perfect Python-based web-applications.

Django is a really useful tool for creating user dashboards and even a number of database supports like SQLite, MySQL, and even PostgresSQL. …

Building a minimum viable product (MVP) for web application or mobile app has become popular in the IT industry. This method helps a startup takes advantage of the feedback of customers to the product, with its primary benefit is you can gain an understanding of your customers’ interest in your product without fully developing the product.

Figuring out problem, developing a minimum viable product to solve it, measuring its effectiveness, learning from the feedback of users, that called build-measure-learn feedback loop or building an MVP. It’s a core component of Lean Startup methodology, with the primary benefit is gain an…

ICTS Custom Software

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