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How to Avoid Mistakes Building Your Next Successful MVP

What is an MVP?

According to Wikipedia, a Minimum Viable Product (MVP) is, "a product with just enough features to satisfy early customers and provide feedback for future product development."

Another site, Techopedia, notes further it's a, "development technique in which a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering the feedback from the product's initial users."

Why release your MVP?

In the lean or agile model of product development, you want a product which your customers can test most importantly. It's a representation of your brand that's intended to give users a clear understanding what and how your product benefits their needs.

As with any business, if you can help customers solve pain points they face regularly, you've found the sweet spot. The result is customer feedback before plunging all of your money into a final product–that may fail or at the very least miss the mark.

Let's also consider the word minimum. What does it mean in this case? Here, "minimum" means basic or bare bones. You may have heard, "if you launch it and you're not slightly embarrassed, you've launched too late." And while we don't completely agree–this is a great point.

Questions to ask yourself through the process

After getting your idea, your rough sketch of your idea in action provides your most basic MVP. But a table napkin MVP doesn't allow your customers to see your idea in action. Consider the following questions

What's the essential point of this application?How does this software benefit my customers?How do my customers describe this software helping them solve their pain point?How can you translate their feedback into a revised MVP that you continue to improve on?

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