Have you ever thought about what hugely successful apps like Airbnb, Instagram, TikTok, and Dropbox all have in common? The brains behind each of these apps invested in MVP software development to transform their simple ideas into giant platforms used by millions of people every day. Follow in their footsteps and you could see similar life-changing results from your next app.

Many startup companies prioritize creating a Minimum Viable Product (MVP) when developing a new application. It’s an efficient way of collecting huge amounts of data about what your target audience thinks of your application with low levels of effort and budget. If you’ve got a great idea for an app but you’re not sure if the world’s ready for it, an MVP is an excellent place to start. 

Why should you invest in MVP software development?

There’s one simple reason why you shouldn’t think twice about investing in MPV software development — it stops you from creating an application that nobody wants. Much more than that, it shows you what your target audience loves about your app, which parts could be improved, and what extras you need to add before the real launch.

MVP software development allows you to identify your core value proposition by focusing on one single idea. It gives you the tools you need to create the best product with a small budget, allowing you to save money and resources simultaneously. You can take advantage of the opportunity to test your software with hardly any risk and gather valuable feedback from your target users at the same time. 

This sophisticated type of software lets you find out what your customers think about your application and determine what it’s missing. It provides you with plenty of data you can use to return to the development stage and improve your app so it’s ready to be sent out into the world. 

By investing in Minimum Viable Product development, there’s almost no room for error. This makes your entire development team feel more confident about your app, giving them the boost they need to get more creative and provide a better user experience. 

All these significant benefits culminate into 2 important things — saving money and increasing your chances of finding investors. By validating your idea before blowing your budget, MVP software development helps you save money and gives you important results for a low cost. 

When potential investors can see that people are genuinely willing to app for your app in its most basic form, they’re much more likely to want to be a part of your ground-breaking app when the full thing is launched.

How to create the perfect MVP

Creating a successful Minimum Viable Product can be broken down into 5 easy-to-follow steps:

1. Determine your business idea
Your first step is to confirm there’s a gap in the market for your app. If there are others like it, you need to make sure it stands out from the competition. Brainstorm different short-, mid-, and long-term business goals until you’ve found ones that are measurable and achievable. Set your sights on them and never let them go! 

2. Carry out market research
Look at your competitors, the apps they offer, and the people that use them. Don’t forget to take into account the market size. For your MVP launch to be successful, you need to be sure that people are willing to spend money on your software and that there are enough people out there for it to be profitable. 

3. Plan your user journeys
For your MVP software development plan to be successful, you need to prioritize your users at all times. Planning your user journeys allows you to look at your app from the perspective of a customer and determine the steps you need to take to improve it and reach your business goals. Identifying users’ pain points lets you discover where you can add the most value to your mobile or web app. 

4. Select features to build
Choosing the features you’ll build is one of the most important stages in your MVP launch. You need to determine which functionality (or functionalities, if you’re going to release more than one) will make your Minimum Viable Product successful. Keep in mind that every functionality you focus on should be aligned with your app’s overall goal. 

Creating a demo will help you improve the UX&UI, while also discovering some improvements which should be part of your next MVP launch. Work on getting feedback as soon as you can. This will help you improve more efficiently. 

5. Continue iterating
Your MVP software development launch is only the beginning. You need to continuously gather feedback, implement changes, and test them. This is one of the most effective ways of creating an app you know your users will love. 

MVP software development FAQs

Q1. What does MVP stand for in agile?

MVP (Minimum Viable Product) is the foundation of agile. It’s a version of a new application that allows you to collect the highest volume of validated learning when it comes to your customers with the lowest volume of effort on your part. 

MVP software development doesn’t mean slacking off and creating the minimum you can get away with. It’s a scientific agile method that allows you to create a simple version of an application you want to release to find out if anyone is actually interested in it. It helps you take on feedback, make improvements, and include extras before the real launch. 

Q2. What does MVP mean in DevOps?

In terms of DevOps, MVP allows you to collect user feedback from a new app that you can pass on to the development team so they can make the appropriate changes and additions before you launch your complete application. This sophisticated method means you can find out what your users really think of your app before you officially launch it.

An MVP launch puts you at an advantage so you can enhance your app to provide an improved UX/UI before the official application is launched to the world. 

Q3. Is MVP agile or Lean?

MVP software development is a form of Lean and both are agile concepts. An MVP launch stresses the importance of learning and iteration when it comes to developing a new application. Through MVP software development, you can receive user feedback much earlier than through a traditional app launch. This gives you the power to make important adjustments to improve the user experience and boost your chances of success at the real launch.