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MVP and Agile Development: The Key to Your Successful First Launch

Read on this blog to know how agile methodology results into successful MVP development.

By Bharti RajpurohitPublished 3 years ago 4 min read
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When you are planning to launch a new product, the riskiest part is the uncertainty of whether clients will accept and pay for it or not. To ensure that you create something that people require, you have to put unique ideas into the customers' hands and identify the things they like and where the needs for improvement are.

Here, the Minimum Viable Product comes in the picture!

What you have all in the initial period of your product development are pure assumptions.

You have a hypothesis that there is a requirement for your product/service, and you think you have the most effective way to solve the need, or your product stands apart from the competitors and may more.

You will be aiming to validate your hypothesis in the most affordable manner to identify that you are going in the right direction.

Then, MVP is just that solution. Here, in this article, you are going to understand what minimum viable product is all about!

Let's begin!

MVP and Agile Development : The Key to Your Successful First Launch

When you think about building MVP, there are usually two methods of developing MVP.

In the world of software development, Agile methodology is quite popular. You might be wondering how to define MVP in Agile? Here's how;

The development of MVP in agile is an incremental pattern. Here, your project is divided into smaller parts known as interactions. The result of iteration will be a working piece of your product that helps to get the feedback, evaluate it, and go forward for improvements.

With agile development, your team will work on the final version of the minimum viable product. This scrum team will work on a shorter duration called Sprints. Usually, each sprint is 2-3 weeks that deliver a final version of the product that goes to another sprint for further development. So, whenever you select an MVP development company, make sure that they use the Agile methodology for the development.

Let's take a look at the benefits of Agile in developing the minimum viable product;

  • MVP development with an agile methodology encourages you to develop products by considering your target customers.
  • You can get the feedback of your customer quickly as your time-to-market will be reduced. With the help of the feedback, you can improvise further development.
  • Your development team will be able to respond to changes or market needs quickly as the Agile MVP development is based on dividing the project into small sprints.
  • A significant amount of hard work and time will be reduced as your product will be tested after each sprint rather than waiting until project completion.

The minimum viable product is the base for agile methodology. Any product idea that ends up in a billion-dollar business has always gone from the stage of the developing MVP first.

Let's understand with a simple example from your everyday life.

For instance, let's take a smartphone. Can we call it an MVP? Definitely not, because it has evolved a lot from something we called minimum.

MVP, in the case of smartphones, would be a voice communication device. Do you remember that basic version of TELEPHONE with a separate microphone and handset?

That simple TELEPHONE has come a long way that has most probably become necessary for our everyday lives with rich features like text, clicking pictures, recording audio & video, GPS trackers, access to the Internet, and what not!

So, your MVP should be;

  1. Minimum: Minimal feature for it to work
  2. Viable: Offers some value to the user that tempts them to use it more or pay for it
  3. Product: Ready to use now!

Therefore, MVP is an excellent way for you to check your product's market viability and minimize the risk of failure.

How to make the MVP concept work for you?

Every business owner is willing to test their product should be something users will be ready to use and pay for. Then, developing MVP for your startup is critical to ensure that you are on the right track.

To make an MVP work for your startup, you need to ensure that ;

  • Your MVP should cater to at least one target audience.
  • It should be a solution to one core problem.
  • It should have an engaging and satisfying and user-experience.
  • Build your MVP gradually and quickly release it.

If the very first version of your product does not fit into these criteria, it will not be a minimum or viable.

If you are all set, then read this; How to build MVP for startups and try to avoid mistakes and maximize your ROI with a minimum viable product.

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