6 Steps to Developing an MVP (Minimum Viable Product)
A minimum viable product (MVP) in software development, is a bare bones basic deployable version of your product or service. It consists of minimal essential features that define your value proposition and is created with the purpose of attracting early adopters, enabling shorter time to market and early assessment of product-market fit.
The benefits of an MVP approach to product development are:
You can attract investors and early adopters early- enabling competitive advantage
You are able to test ideas with real users early on in the development process- allowing efficient testing of your solutions
You can save on development costs- early user testing and feedback means you can iterate quickly
Below is an infographic of a step-by-step guide to developing an MVP.
Interesting in getting an MVP developed for your product idea?
Attract investors, early-adopter customers and validate your product ideas early with an Olive Link MVP build. We use agile methodology to help you achieve both viability and feasibility in your proof of concept. Choose from one of our scalable MVP packages to develop a feasible product that fits your budget and scope.