When you’re starting a new web based project.
You MUST think about your MVP.
It can be tempting to want to include every feature under the sun in version one of your project.
While it’s great to get all of your ideas out on the table, it’s important to stop and think about which ideas are most crucial to validating your theory.
This is called your MVP (Minimum Viable Product).
It allows you to launch quicker and learn if what you think your customers want actually desire it without spending significant amounts of time and money.
We experienced this recently where we were working on an event portal.
It had a great MVP with a small amount of features which made it much easier to execute the project in a very short deadline.
Sure, you can build everything in one go if you already have a proven model and you’re just looking to rebuild.
But if you’re testing the waters and you’re still not 100% sure, then this is the perfect way to dip your toes in and dramatically reduce the risk of failure.
It can be tempting to just want to get everything executed on day one, but a simple solution and critical scope will be much more likely to help you stick to deadlines.
And increase your chances of success of course.
Hi guys, in today’s video, I wanna talk about the importance of an MVP and why you should consider it for your next project. So an MVP is a minimum viable product. And what that means really is when you are going about your first redevelopment or building of a brand new product, then it’s a perspective or a methodology where you can choose to develop the most valuable features first for your customers, so that you can prove what your problem is that you’re solving is actually valuable to your customers. So ultimately whenever you’re building something new or redesigning something, your product itself is designed to create a solution for your target market. Now, the MVP stands around that idea that you are validating your hypothesis for the problem that you’re solving. So the real concept behind it is about eliminating waste and making sure that you’re not building features that aren’t necessary, and that are just secondary to the primary problem that you’re actually solving.
So by focusing really just on what are the core things that we’ll be able to take it to market, and by any means, you’re not trying to make something that’s ugly or buggy, or not really appealing to the user. You still want it to deliver to a certain level. You are really more just focused on saying, right, instead of it taking 12 months to get to market, let’s do a three month MVP build where we can validate with the test group of users and having that perspective allows you really to put the business value first and understand what is the problem that we’re solving, that our customers are coming to us for. And by taking that perspective, you’re going to juice a lot of waste and also increase your time to market. So let us know below if you have any experience working with MVP, we’d love to hear if you’ve worked with them before, or if you’re interested in learning more about them, thanks to watching and I’ll see you on the next video.