Minimum viable product development Kochi, Kerala

Minimum Viable Product or MVP is a term popularized by Eric Ries, the man behind Lean startup methodology.

The main mistake that many startups make in their early days of inception is to waste a lot of time and effort in perfecting a product development based on just the founder’s assumptions rather than actual data on what would work in the market. This eventually leads to startups running out of capital and shutting down without achieving the product-market-fit.

Minimum Viable Product Development
Minimum Viable Product Development

Lean startup principles, in short, proposes a solution to overcome this by laying out a set of principles and practices that would improve the chances of success for a startup

At the forefront of this is the Minimum viable product, a product that has to be launched by the founder, not by assumptions, but that needs to be evolved from customer feedback. An MVP will not be perfect as it is just the first version that is used to validate a product idea. Once the product idea is validated using a Minimum Viable Product, it would pave the way for future product development.

Minimum Viable Product
development cycle

Minimum Viable Product (MVP) development services

Over a period of time, Metric Tree Labs has gained extensive experience in launching multiple successful products for businesses globally. We have the right resources, operations, and tools to get your idea to market in the shortest possible time. Talk to our team to launch your MVP fast to market.

Minimum Viable Product Development

Frequently asked question

1Why is MVP development important?

MVP development allows companies to test their product ideas with a small group of customers before investing significant resources into full product development. This helps to validate the product concept, identify potential issues, and gather feedback to inform future development.

2What are the key features of an MVP?

The key features of an MVP are those that are essential for the product to function and provide value to customers. These features are the minimum that are needed for the product to be usable and testable.

3What are the steps involved in developing an MVP?

The steps involved in developing an MVP include: defining the problem and solution, creating a product roadmap, prototyping, testing with a small group of customers, analyzing feedback, and iterating on the product. Here is the step by step MVP development guide

4How do I know when my MVP is ready for launch?

Your MVP is ready for launch when it has the minimum set of features that allow customers to use it and provide feedback. It should also be tested and validated by a small group of customers to ensure it meets their needs and addresses the problem it was designed to solve.

5How much does it cost to develop an MVP?

The cost of developing an MVP can vary depending on the complexity of the product, the skills of the development team, and the development methodologies used. Typically MVP development cost can range from few thousand to tens of thousands of dollars.

What makes Metric Tree Labs one of the best Minimum Viable Product (MVP)application development company in kochi, Kerala?

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