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Introduction: MVP

If you want to satisfy your customers and make them stand out, it’s important to know exactly what you are getting into and what you can expect. The right approach and true focus on results are very important, and a reliable system can help you achieve that. However, it all comes down to figuring out what system works for you, how you can optimize and customize everything. And that’s where the minimum viable product idea comes into play!

So, what is an MVP?

MVP or minimum viable product is a development technique. The idea here is that the new website or product is created with enough features to satisfy even the early adopters. Those customers will have a say in how the product evolves and how it will look in the end. At its core, this is a barebones design, but you are adding to it based on customer feedback and that always matters quite a bit, especially if you are doing it properly. The important thing here is to have a good starting point, and then you can go from there when it comes to value, quality and amazing results.

Why do successful projects always start with an MVP?

The reason is why, with a minimum viable product you get to save time and resources. You will know what people expect and then you can build on their feedback and expectations. The minimum viable product also allows you to check if the project is appealing to users or not. It’s better to release it in this state and see if there’s any interested rather than not getting any interest at all when the product is finished. Customers should always have a say in how a product ends up being, and it will be very handy to do this properly.

What must be considered when planning an MVP?

Planning a minimum viable product is very challenging at times. But the most important thing you want to do is to start with a single, simple product that solves a subset of a larger problem. Then you study the market and see if this is the right time to release such a product. You share requirements, let customers know about this product/service and then you build up on it according to their feedback. That means offering customers multiple channels to share their feedback. Customer ideas can make your product better, and if a lot of people ask for them then it’s clear those ideas are in a very high demand.

One thing is certain, the MVP option is very good if you want to create a product/service that people enjoy in the end. You can offer some deals or lower prices, even free access to some of the early adopters. And then you can build your product from there, so you can see how it goes. It’s definitely going to work very well and the best part is that you can easily customize and optimize everything without a problem. Test out this idea and you will have no problem getting amazing results with it.

Let’s discuss your ideas!

We at Finrocks consider ourselves experts in terms of planning and executing MVPs. Feel free to reach out to me for any questions you might have.

Dario Evers
d.evers@finrocks.com

Dario Evers

Dario Evers

Dario is a highly experienced operations manager, with strong focus on customer centricity and corporate innovation. He has a demonstrated history of working in the financial & consumer electronics industry.

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