While many startups begin with a dream in their pocket and a twinkle in their eye, not everyone makes it to the top. Hoping for an easy ride, tons of tech entrepreneurs get bummed out when things don’t quite turn out as expected. Their polished products, jam-packed with cool new features, create little or no value, and ultimately turn into sheer sadness. Companies go under and startups tank because there’s no need for their product in the market. If only there was an easy way to start simple and small, see if your idea rocks and build momentum! Thankfully, there is – it’s called the minimum viable product (MVP) and it’s a game-winner!
There’s nothing worse than burying yourself in your laptop for months refining and perfecting your app, only to discover no one wants your ‘final’ product. While risk lies at the heart of every entrepreneurial venture, your idea should be market tested well before you invest an inordinate amount of time, effort and money into building something nobody cares about. Your first job isn’t about building the world’s prettiest app. It’s about validating your assumptions without losing your shirt. There’s a world of difference between what we assume our customers want and what they actually want. A quick launch can show you if your business idea is worth pursuing. That’s where MVP development comes into play.
Building an MVP is about doing the least to learn the most. In other words, you scale your product’s grand vision down to the bare minimum of core features to test your concept with real users, get immediate real-world feedback and iterate until you have a product that your customers will fall in love with. An MVP helps you work smarter not harder. It takes less time and money to get your product to the market and gives you the most bang for your buck.
We have identified a set of MVP best practices that can help you validate your market hypothesis, maximize learning, and get people buzzing about your product. Let’s dive in!
The sky is NOT the limit in software development! As your app starts coming to life, your heart is swelling with euphoria and tons of ideas are swirling around in your head. “Why don’t we try…?” or “What if we added…?”. When this happens, you risk veering off the path of getting your MVP app into real users’ hands as soon as possible and start gathering feedback. It takes discipline to stay laser-focused on what is essential to launching and validating your product. So, start basic and leave these adjustments for future iterations.
Here’s the key to MVP development: do one thing that matters, but do it really well. Make sure you’re giving users the end-to-end functionality needed to perform a specific task. Keep it simple and usable. Lock down the scope of your MVP, get the core right and give it to the public to test. Just wait until your customers tell you what to build next.
A good MVP cuts out all the fluff that isn’t part of your product’s core value offering. One way to do this is to split your features list into:
MUST-HAVES
These are the bare necessities, the absolutely essential functions that constitute the backbone of your MVP. You only focus on building those features that address your users’ primary pain points. Limit the first phase of MVP development to the Must Haves and test with your audience. This is how you ensure you get hold of the vital information for the smallest possible investment.
SHOULD-HAVES
The features that end up here eventually should go into a finished product but are not essential for an early-stage iteration. Ask yourself, ‘Can I hold off on these for now?’ or ‘Can we do this manually?’. If so, keep going! These features aren’t going away. You’ll get back to them later.
NICE-TO-HAVES
This is where all the bells and whistles go. I know you can’t wait to stuff your app with all those nice features that you just know your customers are going to love. You are free to do whatever you want, but only after you’ve tested the core functionality of your product. Otherwise, you risk taking things too far and may end up discovering that many of your app features (much less the app itself) are completely ignored by users.
WON’T-HAVES
These are the things you won’t do for your MVP. Constraints remind you what your product isn’t.
Now that you know what’s in and what’s out, you can move to building an MVP. If it proves popular with your users, nothing can stop you from chasing down your dreams.
Happy customers will happily tell their friends about your product. Word-of-mouth marketing happens around the clock if you have built a community of passionate customers around your business. Get people interested by telling them about your proposition in the explainer video, launch a landing page, extend your social media presence, get them to try out a prototype and collect their feedback, engage and inspire your users through blogging, encourage them to spread the word online, host a fundraiser campaign – grow your tribe of loyal users and brand advocates. It will go a long way.
Building an MVP is a tricky business. So, don’t get discouraged if you have realized you’ve been heading in the wrong direction. Cheer up! You’ve just failed yourself a bit closer to success. An MVP is a stepping stone, not an end goal. The point is to learn and improve your product. Eventually, you’ll get it right.
Get off to a good start!