Let\u2019s say, you\u2019re building an online store. You\u2019ve done the tough work of ideating, researching, and building the base of your product! But how are you going to know if the market is ready for it? You wouldn\u2019t risk pouring hefty sums into your product\u2019s launch without testing the market, would you?<\/span><\/p>\n That\u2019s where the concept of MVP makes a stop.\u00a0<\/span><\/p>\n An MVP (or \u201cMinimum Viable Product\u201d, a term popularized by Eric Ries in his book “The Lean Startup”) is a version of your product that has<\/span> just enough<\/span><\/i> (not all) features to see if you can solve the specific problem you\u2019re looking to solve for your target audience. It\u2019s a useful approach for any product that is being developed, but is especially popular in the tech startup space where <\/span>speed<\/span><\/i> and <\/span>agility <\/span><\/i>are important factors.\u00a0<\/span><\/p>\n With an MVP, you get to test your assumptions about what your customers\/users want and need. You\u2019re also able to validate your product idea before investing significantly (both time-wise and money-wise) into developing a fully-featured product.<\/span><\/p>\n Once you get helpful feedback from your users through your MVP, you can iterate on your product and make improvisations based on them. Add new features, tweak the design, change the pricing, do whatever feels best from what you learn from your users!<\/span><\/p>\n In this post, we’ll give you a step-by-step breakdown of the process of creating an MVP, along with the tools and resources that startups can leverage to make the process easier. Read on!<\/span><\/p>\n You want to build an online store for your brand. Sure, you\u2019re helping your customers find whatever they want from your brand online. But what more? Can you narrow down to a problem or two that you\u2019re solving for them?<\/span><\/p>\n Dig deep and uncover that. Find <\/span>what problem you\u2019re helping your customer solve<\/b>.<\/span><\/p>\n Make use of these online tools for figuring out The Problem:<\/span><\/p>\n Now that you know of the central problem you\u2019re trying to solve with your product, think who would benefit the most from it. <\/span>Who would buy your product<\/b>? What would possibly be their age? Where might they be from? What could be their personal and professional backgrounds? Understanding and evaluating this helps you market your product well.<\/span><\/p>\n Here are some tools that can help you identify your target audience:<\/span><\/p>\n Done with the main research? Time to <\/span>fix your design<\/b>. Before you decide on your MVP\u2019s design:<\/span><\/p>\n Here are some tools for help with your MVP design:<\/span><\/p>\n You might think you\u2019ve given your all in the first iteration \u2014 whether it\u2019s with the best design, research, or marketing. But you\u2019ll still have to be continuously<\/span> testing your MVP with real users to get feedback <\/b>and validate your assumptions. Because that\u2019s the only way to a user-friendly product.<\/span><\/p>\n Here are some tools for help:<\/span><\/p>\n That\u2019s it about the steps for creating an MVP!<\/span><\/p>\n Did this blog post help you? Please share it with those you think would benefit from it or give us a shoutout on our LinkedIn page. And if you need help with building your MVP, do check out our <\/span>startup services<\/span><\/a> or <\/span>contact us<\/span><\/a>!<\/span><\/p>\nAn Informed Guide For Tech Startup MVPs<\/b><\/h2>\n
1: What The \u2018Problem\u2019!<\/b><\/h3>\n
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2: What\u2019s your Target Audience?<\/b><\/h3>\n
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3: Here comes the MVP design<\/b><\/h3>\n
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4: Test, test, and test your MVP<\/b><\/h3>\n
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