Techtic Solutions is prepared a list of advantages and features of (minimum viable product) MVP Development. MVP can help you start the development with the minimum amount of investments. If you want to develop mobile MVP with Techtic Solutions, Call us +1 201.793.8324 or visit us https://www.techtic.com/mobile-application-development-company/

1. MVP Development
is the
Best Process for Idea Validation

2. Out of all the three tools POC, Prototype, and MVP, MVP yields the best results
and that too in the most cost-effective manner.
A Minimum Viable Product (MVP) is the fundamental version of an app with a
minimum functionality. In simple words, it works as that ‘laboratory
experiment’ guinea pig on which the market research is conducted.
Whenever an app is still in the phase of “ideation”, MVP will help to test your
hypothesis and iterate the features according to the feedback.
The next question could be how you determine if the MVP is suitable to the
app.
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Introduction

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1. MVP should be focused on a single buyer persona. It works well when intended
to solve the problems of one individual. You should always avoid building for
multiple audiences.
2. It should be easy to build and facilitate a faster launch.
3. Despite building the MVP for a single individual, you should take into
consideration several feedback. It is quite likely that diverse reviews can resolve
most of the issues.
Take the feedback more seriously if the reviewer fits into the target audience of your
product.
1. The minimalism of MVP does not imply that you expect more by putting in less
efforts. It should highlight the problems that can be solved with the app and how
it can do so.
Features of MVP

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This becomes all the more imperative if you have to overcome the competitive
bottleneck in your market.
5. It is not even remotely possible to monetize a failed MVP in spite of all the hard
work. Therefore, MVP testing should be an important aspect of your
development process.
6 The objective of an MVP is to collect feedback and identify the shortcomings in
the product. It is a prudent idea to limit the launch of MVP to fewer people.
That said, do you know how the dating giant Tinder gained such a huge
momentum?
Well, it began as a simple app where the user was supposed to tap a “heart” or
“x” to express their approval or rejection. It required minimal technology to build
this functionality.
Features of MVP

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When you develop a full-fledged app with an attractive design and several
features, the development cost soars higher. An MVP, although developed with
limited resources, can still be called a product. It costs around $5000 to $10000
to develop one, while a full-fledged product will cost anything between $50,000
to $85,000 (which off course will make sense if you are sure of its market
validation).
Advantages of MVP Development
1. It is a cost-effective method of idea validation.
It is a daunting task to attract new users without any paid advertisements or
promotions. MVP is a good idea for startups who are looking forward to bringing
new customers without expending more.
Read About How to Turn Your Idea into a Multi-Million Dollar Business
2. You can easily get paid customers from the existing user
base.

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Customer reviews can let you understand how you should build the features of
your app. That’s why developers usually build an MVP and seek the feedback
from the early users. It not only facilitates iterations before the big launch but
also ensures that the product renders a flawless experience to the user.
Advantages of MVP Development
3. Feedback for the product can help you iterate and build a
better product.
The biggest nightmare for any startup is that the product does not get enough
downloads when launched. By preparing an MVP and investing in receiving
genuine feedback, it will save the developer’s time and also mitigate the
likelihood of failure.
4. It saves your time and efforts.

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An MVP, if done right, can bring investors to fund for your startup business.
Building an MVP that aids in the monetization of the app is better than
developing the final app that hardly gets any funds. You can approach platforms
such as Kickstarter, Indiegogo, AppBackr, etc. to fund your apps.
Advantages of MVP Development
5. Getting funding becomes effortless.

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Tons of people are talking about the effectiveness of an MVP and several successful
entrepreneurs endorse its execution. Uber, Instagram, Snapchat, and several other
apps started off with simpler functionalities and evolved to be huge successes- all
thanks to the remarkable minimum viable product they crafted.
Your app can be the NEXT. Hire a full stack development company with proven
experience in building minimum viable product that helps you impress your target
audience and investors alike.
Techtic Solutions has been in the forefront when it comes to offering strategic
support to startups with not just mobile app development services, but also in
guiding them with end-to-end MVP development across industry verticals
from Travel, Chatbot, Healthcare, to Marketplace applications.
So, if are you ready to make the BIG move with minimum viable product, get in
touch with our MVP expert. You can also hire full stack developers to work
exclusively on your MVP project.
About Techtic Solutions

11. Contact Us
Visit us: https://www.techtic.com
Email: info@techtic.com
Phone: +1 201.793.8324