Visualistan

Stories with Infographics. A blog that covers exclusive infographics, with a wide range of topics. Come explore and share infographics.

Menu
  • Advertise
  • Submit Infographics
  • Featured
  • Health
  • Business
  • Social Media
  • Technology
Business What is the use of a Minimum Viable Product #infographic

What is the use of a Minimum Viable Product #infographic

What is the use of a Minimum Viable Product

So what is an MVP? MVP stands for a minimum viable product. According to Lean Startup principles, MVP would be a promising starting point. Minimum viable product is aimed to solve customer's problems with very basic design and functional features. The point of successful MVP building is to keep the balance between usability and efficiency.

Your main objective is to create an app that shows its potential and is able to provide significant benefits to its users so that they could keep it long enough on their devices. MVP will allow you to improve the way application looks and feels through updates. Early adopters' feedback is really helpful in building the final full-featured product and for adding more features. The approach of MVP building allows your business campaign to minimize development time and costs and maximize learning pool.

Numerous successful startups began their winning way from building MVPs. Dropbox, Twitter, Groupon and many more are among them. Each of them had different ways of representing their product or service to public. Dropbox's MVP, for example, was introduced to the audience in the form of a video that showed how to use an app.

If you are lucky to experience the first outcome, then you can move forward following your business strategy, adding functionality to your software and solving more customers problems and needs. On the other hand, if your MVP fails it's time to feel happy that you have made the right decision of creating MVP solution rather than having invested a lot of money and time in a fully functional product.

As to software development putting all eggs in one basket may turn into failure strategy. Moreover, out of MVP failure, the entrepreneur can make right conclusions: to learn from previous mistakes and make changes into the product that will meet customers needs.

What is the use of a Minimum Viable Product #infographic


infographic by: www.cleveroad.com

Share This Infographic On Your Site

About Visualistan

Stories with Infographics. A blog that covers exclusive infographics, with a wide range of topics. Come explore and share infographics.

Related Posts

Comments
0 Comments

Catch us on Pinterest

Label

Advertising Blogging Business Career Celebrities Dating-And-Love Do-It-Yourself Economy Education Employee Benefits Entertainment Finance Food Health History Home Improvement How To Internet Life Style Marketing Mobile Devices Science SEO Social Media Space Sports Success Stories Technology Travel Videos Web Design
Powered by Blogger.

Popular Posts

  • Millennials and Charity Giving #infographic
  • The Dos and Dont's For CRM #infographic
  • Instagram Publishes New Guide Books for Users and Parents
  • A Guide for Customization Options #infographic
  • 10 Psychological Disorders Explained #Infographic
  • The Best Music Subscription: Apple Music vs Spotify #infographic
  • YouTube Has Been Working To Reduce the Spread of Fake News on The Platform
  • Education Around the World [Infographic]
  • The Sci-Fi Timeline #infographic
  • Which Shoes? A Guide For Men #Infographic
Copyright Visualistan 2017
Created by Arlina DesignFree Blogger Themes