MVP development
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MVP development services
For as long as there have been products and people making them, companies struggle with issues like performance, efficiency, and competitiveness. Today, the real make or break of a digital product is dealing with finding the right problem to solve and the right market to sell it.
Here, the MVP approach comes in. MVP development allows startups to maximize their ability to meet customers’ needs without investing too much into the early stages of product development cycle. It’s a crucial element to find potential investors and fund your business.
What is MVP?
MVP stands for Minimum Viable Product. It’s a product development term that refers to the technique where companies launch a product with the key or sufficient features to early adopters. After the MVP is released, they take feedback provided by the users to further improve the product. Simply speaking, you develop a product with minimal but must-have features that drive your value propositions. MVP is like a market study that helps startups gain information about the potential of the product in the current market landscape. A successful MVP determines long-term product potential and builds a strategy to unlock this potential. Such an approach can help you ensure that the product you provide best fits the current market and consumer demands you are venturing into.
According to the stats, over 70% of startups tend to fail within the first 5 years. By building an MVP, you ensure that your product scales effectively without risking high-cost demands and premature scaling. It helps you design a product that is attractive and works to solve the problems of your customers. Custom MVP development checks the idea before entering the market with the final product and helps decrease the cost of the development process.
Examples of MVP
MVP stands for Minimum Viable Product. It’s a product development term that refers to the technique where companies launch a product with the key or sufficient features to early adopters. After the MVP is released, they take feedback provided by the users to further improve the product. Simply speaking, you develop a product with minimal but must-have features that drive your value propositions. MVP is like a market study that helps startups gain information about the potential of the product in the current market landscape. A successful MVP determines long-term product potential and builds a strategy to unlock this potential. Such an approach can help you ensure that the product you provide best fits the current market and consumer demands you are venturing into.
According to the stats, over 70% of startups tend to fail within the first 5 years. By building an MVP, you ensure that your product scales effectively without risking high-cost demands and premature scaling. It helps you design a product that is attractive and works to solve the problems of your customers. Custom MVP development checks the idea before entering the market with the final product and helps decrease the cost of the development process.
Why choose FrontendHouse for MVP development
With hundreds of projects under our belt, we provide bespoke custom MVP development services to both startups and large-scale companies. We offer end-to-end MVP development, from the very first ideation phase to delivery and support. We produce stable and flexible code, comprehensive market analysis, and professional MVP consulting based on our knowledge and years of experience in software development. We believe that good communication is the first step to success, so we do whatever it takes to properly understand you and your business to meet your requirements.
Choose FrontendHouse if you need an MVP development company that will:
Tailor-made approach – we never take a templated approach. Each customer is different, and we really want your business to stand out among the crowd.
Success-driven practices – we hire software developers with years of experience in the industry. They all have the highest level of qualification and skill. Therefore, they know how to avoid risks and pitfalls while building your MVP.
Flexibility – we want to be your one-stop MVP option. Therefore, we provide versatile collaboration opportunities and models, all based on transparency and trust.
Your step in development process
If you want to develop a robust, reliable, and scalable product, an MVP is a relevant step in your development process. Especially if you operate in a high-speed industry, it is crucial to understand how the market works, what the customers need, and how to solve their problems. Many startups struggle with limited budgets, pressure from stakeholders, and a lack of skilled in-house development teams – we get it well. This is why we have been supporting businesses in delivering high-quality products based on real-world customers’ needs and expectations. If you want to develop an MVP to validate your business idea, you are in good hands!
The benefits of MVP development
The biggest advantage of Minimum Viable Products is understanding whether customers really need or want your product. The sooner you find out whether it’s appealing to customers, the less the risk of wasting effort and budget developing something that nobody on the market needs. What else?
1. It allows you to validate your assumptions. Your MVP should convince users either that it solves their problem or include the actual and core features to solve it with. MVP allows you to verify your hypothesis if your product provides a solution to a consumer’s problem.
2. You gather customer feedback as early as possible. This provides you with the necessary signals toward product-market fit. In consequence, your development team can take the right direction toward releasing useful features to address customers’ needs.
3. You save money. Less time and money given to learn and adapt to the needs of the market reduces the risk of failure for startups. The more complicated your product is, the more costly it can be so many startups and medium-sized enterprises prefer to implement the MVP approach. You only provide the primary and MVP essential features of your product in its early stages, which significantly cuts toward research and development.
4. Time-to-market is faster. The faster you bring your product to the market, the sooner you can reach and interact with potential clients. MVP helps you release your product earlier which places your business ahead of your competition. This also helps you establish a good relationship with your clients.
5. You better understand your customers. By collecting user feedback, you can understand your customers’ needs straight from their perspective.
Choose the best partner for your MVP development!
If you want to develop an MVP to validate your business idea, you are in good hands!
Research
We conduct detailed market research to avoid the situation when the idea becomes irrelevant in the current landscape of your industry. Properly conducted market research allows us to tweak or realign your idea to match the current needs of your target market.
Idea and business needs
We define the idea and business needs. We ask you and your team about the product value proposition. We discuss what value the new product offers to users and how it will benefit them. It is crucial to ensure that your value proposition is clear and achievable for your customers. During this step, we also provide a map of user flow.
Core features
We choose only the essential features of your software based on your concept and recommendations. Here, we should also answer the question of what the goal of your MVP is.
Development
During the MVP process we develop your solution. It’s important to remember that MVP is not a lower quality compared to the final product.
MMP
After creating an MVP, the next step in the development process is to create an MMP (Minimum Marketable Product) that is ready to be presented to the target market and can validate whether it is worth progressing further with their initial product concept.
More features
We run custom analyses and add new features to your software. We measure the effectiveness and relevance of the product with up-to-date metrics and learn from customer feedback.
Jan
CEO
Przemek
COO
Michalina
HOO
Still have some questions?
If you have any questions, feel free to contact us. Our Business Development Team will do their best to find the solution.