Is MVP a solution that'll help you reduce the expenses and prove your idea is viable?

Question

So what for does MVP stand? Let's make it clear!

Answer 1

MVP can never be a solution at all use cases. You need to evaluate your ideas with proper user research and market research like competitor analysis. After evaluating the value of your idea in terms of estimating the market value and identifying your intended user base, you can start going with a feature where you choose one to do an MVP.

Answer 2

A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea early in the product development cycle. In industries such as software, the MVP can help the product team receive user feedback as quickly as possible to iterate and improve the product.

Answer 3

After evaluating the value of your idea in terms of estimating the market value and identifying your intended user base, you can start going with a feature where you choose one to do an MVP.