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Alternative names for Minimum Viable Product

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What is MVP?

Introduction:

A minimum viable product is an early release of a product that provides enough functionality to satisfy early adopters. It is the first stage of the product development cycle including the result of applying an iterative development approach. The goal of a MVP is to search for product-market fit.

Minimum Viable Product - Henrik Kniberg
https://en.wikipedia.org/wiki/Minimum_viable_product

3 Amazing Useages of an Alternative Minimum Viable Product

1. Living MVP

This version of a MVP is the most basic. It is still in active development, but it is also in a fully functional state. The goal of a living MVP is to promote user feedback and create rapid changes, which can be used in future updates.

Many entrepreneurs feel the need to release a product as soon as possible. But today’s consumers don’t want to use an unfinished product or service. In fact, they may not even recognize it as a potential solution for their needs because it doesn’t have all the features they’re looking for.

This is why entrepreneurs should focus on creating a viable minimum viable product (MVP). A living MVP is a version of a MVP that is still in active development but that is also fully functional. This way, your customers can use your app and provide you with feedback from the ground level to help you improve your final product.

2. Mini MVP

A Mini is a product with a limited scope for testing before going into production with a full scope release product or service.

Mini MVP is a product with a limited scope for testing before going into production with a full scope release product.

This is to ensure that the best features are built, which will bring maximum value to the customer. The features that are not fully fleshed out or tested are pushed to be back-burnered in order to ensure that the best features are built to provide maximum value to the customer.

This type of prototype helps to identify potential flaws and optimize designs before committing to major design changes or implementing more specific features that will not be finalized until later on in the project timeline.

3. Artisanal MVP

These products are created without many resources such as capital, time, and staff members for the sole purpose of having something tangible to present to potential investors or customers during fundraising rounds or sales pitches meetings.

A successful MVP is a product that has just enough features to be valuable to the customer. It is not necessary to have all the features in place. You can have an MVP with just one or two features, but they need to be valuable.

Most of the time, startups are able to launch an MVP for free because they are creating it themselves. However, when you pay someone else to develop your product, the costs will vary depending on how much they are charging per hour or project.

How to find developers to build own MVP?

A potential problem is that we can’t just go to a developer and say “hey, I want you to build me this product”. This approach won’t work because developers want to know what the idea is, and why it’s valuable.

The best way to find a developer for your MVP project is by using freelancing marketplaces like Upwork or Guru. These sites let you post your job and see projects people are willing to do.

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