

Anand Kumar Mishra
18 Mins to Read
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As a software developer or product designer, you may have heard of the term minimum viable product. MVP means “Minimum Viable Product.” This is the simplest version of a software application, made through MVP app development, with just enough features for early users to test and give feedback.
Further, before spending your money or giving the product the go-ahead, investors and tech founders should always look at the MVP. A new study by CB Insights says that numerous startups fail because they create goods based on assumptions, which is normal when trying to come up with something new. Creating a minimum viable product (MVP) that real people can use and give responses on is the best way to test those assumptions.
We will talk about everything you need to know about MVP app development in this blog post, from how to make it to how much it costs. Let’s begin.
Minimum Viable Product (MVP) Meaning
A Minimum Viable Product is the first form of a new product that a company can make. It has just the right number of tools to get early adopters and get useful feedback. The idea became well-known after Eric Ries’s book “The Lean Startup” came out in 2011. Software companies like it particularly.
MVPs let companies see if people really want their product before they spend a lot of time and money making it better. A study from Startup Genome says that companies that use an MVP to get feedback from users and act on it grow 3.5 times faster and get seven times more funding than companies that don’t.
How to build an MVP in Software Development: Stages
There are specific steps you need to do to make MVP software development operate.
1. Defining the Problem
You need to be very clear about the problem your app is trying to solve; otherwise, you might end up making something that no one will use. At this point, therefore, you and your software development team should sit down and talk about the problem that an app can solve, as well as how important it is to the individuals who would use it.
2. Deciding the Target Audience
Figuring out the audience is essential to map out the problem. However, some developers make the mistake of trying to produce an app that everyone can use. Indeed, you can make something that billions of people will utilise, but ultimately, it’s ideal to start with a small group of individuals.
Furthermore, make your target audience persona as detailed as possible. For instance, things like age, job, location, income level, education level, hobbies, and so on should be included in the customer persona. Consequently, with this information, it will be easier to figure out which features to launch first; thus, it’s important to have a good understanding of your customers.
3. Determining important features
Now that you know what the problem is and who your target customer is, you need to figure out what the most important features are that the first version of the product will have.
To begin with, you should make a list of all the possible features the product could have; subsequently, you can choose the ones that are necessary for it to work. Furthermore, you need to pick a few important features from this list that the MVP should have. Moreover, one of these features should be a key one that tests the main idea of the product and the problem it wants to solve.
4. Make the MVP
Once you know what programming languages, frameworks, and other tools you need, you can start building. Moreover, you don’t need to worry about making your MVP app perfect right now; just make sure it works.
Ultimately, the goal is to make a workable version as soon as possible in order to see if your proposal is good and solves a real problem. Making an MVP app example is a quick and cheap way to test your idea before you grow it.
5. Testing the product with early adopters
The next stage is to test your product with real consumers once it is ready to use. First, look for people that fit the buyer profile you developed and ask them to try your product. Additionally, if you can, get in touch with these persons through email, social media, or in person. Ultimately, the idea is to get a lot of individuals to use the product and tell you what they think.
Moreover, you need to give people a way to honestly tell you what they think about your product. For instance, if it involves sending them emails with a form to fill out, do it. In summary, you want to collect feedback that will help you figure out if your idea is what users desire or if it needs work.
6. Use feedback for improvement
Getting feedback from customers is an important part of MVP app development. Pay attention to how well it solves the user’s problem; consequently, this will help you decide whether to change direction or keep the same. Additionally, use favourable feedback to help you choose which features to add next with the support of MVP development services.
Furthermore, you might not be able to repair every problem right away; therefore, focus on the ones that hurt the most. This can imply getting rid of things that aren’t working.
How Much Does Developing an MVP App Cost?
Now, let’s get to the point: how much does it cost to build an MVP, and what things affect that cost? There are a number of important factors that affect the cost of developing an MVP, and it’s not only the technology used, which is a common mistake made by business owners.
Your budget is simply one component of the equation when it comes to MVP app development. Both timely delivery and a good conceptual framework are vitally crucial. To obtain the greatest outcomes, product owners should hire the correct MVP development services and choose developers who are good at turning ideas into working products.
Let’s look at some of the other options you have:
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Freelancers
It is a quick, cheap, and easy way to start a project.
There are many freelance sites where you can find developers who can help you. Freelancer.com, 2, and fiverr.com are all terrific locations to start.
The main problem with hiring independent developers is that they aren’t dedicated to the project. You would need to hire a full-time team for a normal project. Let’s talk about how much independent software engineers get paid.
- A full-stack developer usually makes $6,000 a month. This expert is needed at every step of the project’s growth.
- A designer makes about $5,000 a month. From the start, the project needs this expert.
- You will need a tester during the whole development phase. You will have to pay this person around $2,500 a month.
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In-house Team
Sometimes, founders decide to make their product themselves to encourage open communication and shared ownership. Having the whole team work on the MVP app development project makes sure that the quality is high and that the engineers stay motivated by the app’s success and the company’s overall goals.
However, recruiting engineers full-time entails paying for their salary, benefits, time off, and hiring costs. At the MVP stage, think carefully about whether those costs are worth it based on how much they will raise the MVP development cost. If not, it could be better to look at external MVP development services instead.
- Most full-stack developers make $9,200 a month.
- The monthly pay for a designer is $3,600.
- It costs $4,100 a month to hire a tester.
- It costs $7,500 a month to hire a project manager as well.
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Outsource MVP development
A lot of businesses say that outsourcing is a good way to MVP app development. It gives you the same level of quality as employing a local company, but it costs about half the MVP development cost. Get in touch with Apponward for trustworthy and cheap MVP development services!
When outsourcing MVP app development, though, there are two key problems that need to be solved:
- Building Trust
- Team Involvement
Both of these issues can be easily fixed, though. First, make sure you know enough about the service before you hire them. You can find new case studies, company websites, and review sites that can help you with this.
MVP App Example Evolved As Major Success Stories
At Apponward, we love to hear and share stories about how clever MVP app development has helped startups succeed. Here are some of the best examples of minimum viable products from companies that had a huge effect.
These success examples show how MVP development services may help you make products that can grow and win. When you think strategically, it keeps the MVP cost minimum.
Company |
Expertise |
Uber |
Rides and food delivery on demand. |
Airbnb |
A place to find one-of-a-kind home rentals and activities. |
Spotify |
Platform for streaming music and podcasts. |
Netflix |
Watching movies and shows online. |
Duolingo |
Language-learning software with games. |
Amazon |
Leader in e-commerce and cloud services around the world. |
These MVP app examples show that even a simple idea can become a billion-dollar organisation if you’re prepared to go outside the box and use the correct MVP development services.
MVP Development for Startups: Apponward Process
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Analysis of the Market
Before we start making MVP software for your firm, we do a lot of research on your target market and the main problem you want to tackle. It’s not just about the numbers; it’s about getting useful information.
As part of our MVP development services, we talk to potential users, look at what your rivals are doing, and look at the current state of the industry to make sure your product has a strong base. This work up front also helps you save MVP cost by getting rid of features that aren’t needed and focusing on what really counts.
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Consultation for MVP
We don’t just listen to your ideas; we make them happen! At Apponward, we offer a free first consultation to help you understand things better and make decisions more easily. With our skilled MVP app development, we help you figure out which features are most important for your MVP and make sure they fit with your business goals. Our custom MVP development services focus on making clever, effective solutions while keeping your MVP cost low and under control.
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Prototyping and UI/UX
You don’t have to guess; you can witness your MVP idea come to life before any coding starts. We’ll make an interactive, clickable version of your MVP so you can see how it looks and feels. At this point, you can make changes to the style, feel, and functionality to make sure that your MVP is user-centred and appeals to your target demographic.
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Quick MVP Development
As we realise you want to show off your product to people, and we do too! That’s why we employ innovative ways to help entrepreneurs produce their MVPs. But just because we want to get things done quickly doesn’t mean we have to give up quality. Our development team utilises strict coding standards to make sure the MVP is stable and works.
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MVP Growth
The introduction of your MVP product is only the start of your journey. We’ll use the feedback and data from your users to confirm the MVP product and add features that users want but you didn’t think of. We’re constantly making changes and improvements based on what works and what doesn’t.
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Full Product Development
Are you ready to take your MVP to the next level? We can help you make a real product with all the features you want. Our team of specialists can do everything from design to development to make sure your product is scalable, powerful, and ready to take on the market where it will be used.
Final Thoughts
For both short-term validation and long-term success, it’s important to build an MVP for your future software product. Smart MVP app development not only saves you money, but it also keeps you from wasting time on features that users might not require. A good example of an MVP app shows how focused, lean development can lead to great results.
We at Apponward make sure you follow every important stage in the MVP process, even though the tasks you have to do may be different for each application. Our experienced MVP development services will connect you with a team of skilled developers who can help you reach your project goals, tech stack, and corporate culture. We’ll also make sure that your MVP stays affordable and valuable.
FAQs
What does MVP mean in business?
- Minimum Viable Product, or MVP for short, is a working, testable first version of a product. It also has the capacity to be modified and enhanced in response to user input.
How much does an MVP cost?
- Depending on things like how complicated it is and what features it has, the cost of making an MVP can be anywhere from $5,000 to more than $50,000. Also, your choice of method might have a big impact on how much it costs to create. For example, recruiting freelancers, developing an in-house team, working with a US-based firm, or outsourcing worldwide can all be very different.
What is the minimum viable product (MVP) website?
- An MVP (Minimum Viable Product) in web development is the smallest form of a website or web app. It concentrates on basic features that fulfil customer demands. An MVP website simply focuses on the most important parts of a product idea so that it can be tested fast. A full product may include more features.
What is MVP in AI?
- An MVP (Minimum Viable solution) in AI is a simple version of an AI-powered solution that has just the minimum functionality needed to solve a problem and get early adopters interested. It’s a way to check the AI solution’s basic features and get customer feedback with limited work and cost before spending a lot of money on full-scale development.