Are you planning to get your own MVP? Then this presentation is just for you. Get to know about all the steps to follow while getting your own MVP built. To read it in detail, visit www.engineermastersolutions.in
3. Minimum Viable Product is the proposed
investment capable of working successfully for a
product made with less features.
Or
Product made for calculating the odd and even of
the product, featured with less raw material for
early adopters of the product to grasp feedback
about the product.
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4. And then maximizing product features to
avoid market risk.
To have the prior marketing of the product
and learn customers demand.
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6. MVP is actually to test the usage of the product by
customers rather than this it is more helpful for the
company to validate the final product.
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7. MVP HAS THREE DISTINCT FEATURES
One is that it will have enough features for consumers to
purchase the product.
The other is that it will have some sort of a feedback
mechanism wherein users would be able to send their
feedback about the product.
Thirdly it should have enough future benefits for
consumers, to adopt the product first.
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8. EXAMPLE
IN THE ONLINE WORLD, A WEBSITE IS LAUNCHED WITH BASIC
FEATURES TO SHOWCASE THE PROVIDED PRODUCTS OF
SELL, PURCHASE WEATHER IT’S OF FMCG, GOODS,
ELECTRONIC, CLOTHING ETC. THEN TAKE CLUES FROM THE
USERS AND GATHER WHAT EXACTLY THEY ARE EXPECTING
FROM THE PRODUCT.
"
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10. ANALYZE
THE
CUSTOMER
FEEDBACK
WORK AND MAKE
CHANGES IN YOUR
PRODUCT
ACCORDINGLY
THAN COME UP
WITH YOUR NEW
MODIFIED FINAL
PRODUCT
NOW HAVE THE
FINAL PRODUCT
FEEDBACK FROM
THE OLD
CUSTOMERS
(DURING MVP)
MAKE THE FEW
SMALL CHANGES
AND THE FINAL
PRODUCT IS ALL SET
TO GET IN THE
MARKET WITH THE
COMPETITORS.
ENJOY THE SUCCESS
OF THE PRODUCT, IF
REQUIRED CHANGES
HAVE IT FROM TIME
TO TIME.
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