Got an idea for a product?
Begin with KISS principle – Keep It Simple, Silly.
Minimum features, minimum cost possible, minimum time-taken for being market-ready.
Feasible enough to encourage the user to try the product or pay for its use.
The outcome which can be a service or a tangible item.
By July 1995, Amazon started as "Books on Internet"
Within two months Sold books to 50 states 45 countries. Sales up to $20,000/week.
By 1998, it added product categories, innovative products, customer-centric features and much more.
Became "The everything store".
Not an MVP
Follow MVP
Reduces time to
market
Data backed
iterations.
Lowers the cost of
development
Receive market
validation
Analyze technical
obstacles
Practically, yes. This is what MVP experts say.
It can be a simple network building website, like Facebook, when it started in the year 2004. Or an idea to integrate the system with Artificial Intelligence technology. And everything else, between these two.
Build your MVP for one person
Remember, it is not about building less
Take enough
feedback
Small, contained launch
Market testing
is a priority
You can estimate the scope, cost and time for
your MVP development using our “Scope
Estimation Tool”.
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