Understanding the Basics of Minimum Viable Product (MVP)
Learn about the concept of Minimum Viable Product (MVP), its importance in product development, reasons to have an MVP, and considerations before building one. Discover the core features of an MVP, its benefits, and how it helps in testing product hypotheses efficiently while saving resources. Explore why starting with a simpler system first and iterating over time is crucial in building successful products.
Uploaded on Sep 26, 2024 | 0 Views
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Presentation Transcript
Minimum Viable Product How to build an MVP @JoeKratzat
Outline Who I am, what I do What is an MVP Why MVP? How to MVP Should you build it? What other options are there? Sell your idea! Scale isn t your concern...yet
A minimum viable product has just those core features necessary to release the product, and no more MVP
A minimum viable product has just those core features necessary to release the product, and no more MVP
MVP core features no more
Why have an MVP? Be able to test a product hypothesis with minimal resources Accelerate learning Reduce wasted engineering hours Get the product to early customers as soon as possible
Galls Law all complex systems that work evolved from simpler systems that worked. If you want to build a complex system that works, build a simpler system first, and then improve it over time. Simple then iterate
How much does an app cost? http://howmuchtomakeanapp.com/
How much does an app cost? 1. 2. 3. 4. 5. 6. 7. 8. iOS and/or Android? Do users login? Do they have profiles? How are you going to make money? Is there a rating system? Does your app save information in a central database? How nice should it look? Do we care about User Experience? Do you need a custom icon?
How much does an app cost? http://howmuchtomakeanapp.com/
MVP: Should you build it? NOT YET Building things costs time and money Building extras wastes money Do you have users yet? Will they pay? How are you generating leads? If you have to, be focused
What other options are there? Do things manually
What other options are there? 3rd party tools
MVP: Sell your idea Start with simple marketing site Get users signing up (3rd party tool: LaunchRock) Build hyper focused MVP (nothing more) Demo the product as much as possible! Get feedback
Programmers worrying about whether their architecture will Web Scale is like buying a lottery coupon and fretting about which yacht to buy. - DHH (creator of Ruby on Rails) https://twitter.com/dhh/status/885445986943868929
MVP core features no more
Recap What is an MVP Why MVP? How to MVP Should you build it? What other options are there? Sell your idea!
