Sales Terms

Minimum Viable Product (MVP)

MVP or minimum viable product is a product with the least features and capabilities that provide some of its core value.

What's Inside

    What is Minimum Viable Product ?

    MVP or minimum viable product is a product with the least features and capabilities that provide some of its core value.

    The simplest MVP would be an app that offers no features other than a login form, or one that only shows people food nearby without any way to filter search results by dietary preferences, for example.

    The most complex MVP might include every feature you plan on adding in the future but not yet added - available for potential customers to test out early and give feedback about what they want next from your company's offerings.

    A well-designed minimum viable product enables developers to build more software quickly with fewer resources while still testing their ideas against users' reactions before developing it into full capacity.

    Example:

    Instagram, which was created in 2009 by Kevin Systrom and Mike Krieger as their final project for Stanford University's Computer Science Department to share photos on social networks. This "minimum viable product" has now become one of the most popular photo-sharing apps in current times, overtaking such giants like Flickr or Picasa because it provides what people want: simplicity and speed!

    Why Build MVP?

    The Minimum Viable Product is a concept that has been used for years by startups. It's the idea of launching your product with just enough features to satisfy early adopters, and then continuing to add more features as you get feedback from them. In this way, you can be sure that every feature in your app or website contributes positively towards its success before investing too much time into it.