Why You Should Start with an MVP
Looking at our startup curve, you can see how the excitement around a new project makes it tempting to leap into the market with both feet. You want everyone to see your idea in action. And you definitely don’t want a competitor to get to it first. So, why start with a minimum viable product (MVP)? Because more importantly than doing something first, you want to do it better.
Let’s get into how an MVP can help you crush it on product launch:
1. Getting feedback you can use.
It’s hard for early adopters to tell you what they like and don’t like if they can’t get their hands on a working digital product. Does a menu make sense where it is? How about the design? Does it feel intuitive and let users know what this app is meant to do? You don’t want to guess what your users want from your product, only to find out you guessed wrong. Give them an MVP and with it, a chance to tell you exactly what to expand on, what to fix, and what to improve.
2. Save resources for feature development.
Instead of developing pretty bells and whistles that no one will ever use, costing you time and money, you can use real-time market data to inform your decisions. Build out new features that users are asking for, and retire old ones that hardly anyone touches. Because you started with an MVP, you’ll have plenty of resources left to polish your product to perfection.
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3. Get to market fast.
I know, we already said quality is more important than being first. But speed is everything in development, so what if you can have both? When you launch an MVP, it demonstrates your idea in a simplified form. From there, refine it to be exactly what your customers want. Figure out the pain points that your app solves using an MVP, and then focus on that in your IPO to generate revenue from a dedicated user base.
If you want to learn more about why an MVP is the right choice for your product, look at our full guide here. Ready to act? We’ve got you covered. Get development resources with Devsu and check out the six steps for MVPs.
Written by: Jaclyn Blute