The main goal of MVP is to test the demand for the product and the viability of the idea in practice, as well as to confirm that the direction of work is correct. But this tool also helps in other matters: Saves resources, ruces time and effort for product creation and testing. Allows you to receive feback from the market, identify unaccount for audience nes, analyze points of contact with them and subsequently adjust your strategy.
Ruces risks, protects against obviously unsuccessful ideas
Provides preliminary information about the product’s namibia phone number library business metrics , including customer acquisition cost and conversion at different stages of the sales funnel. It helps to attract investors, because it is easier to get money for an existing product than for a hypothesis. Ruces the cost of developing the final product by eliminating unnecessary functions, which means you don’t have to spend extra.
Helps build an initial customer base before
A large-scale launch. In some cases, MVP also allows you to quickly enter the market, open a business and get ahead of competitors who are developing a similar product, but with full functionality. If the countdown is in months, then MVP will give you an how to check the validity of an email advantage in this competitive struggle. When to Use MVP According to Forbes statistics , 92% of startups close and only 8% remain on the market.
The main reasons for this were identifi by
The research agency CB Insights . Thus, in 35% of cases, startups fail due to low demand for the product, and in 19% – due to errors in the business model. Corporate messenger on your server in 10 minutes We will provide a free period. We will help to set up Compass on your servers or in the cloud.
We will simplify the move and adaptation of the team
Order a consultation Sometimes an idea seems brilliant, and the buy lead founders of the company have an inner feeling that everything will work out – and the work begins with global plans. But later, in reality, it turns out that the model is raw, unfinish, or even wrong. It is worth knowing about this before starting large-scale development and before you have attract investments and decid to spend a significant amount on the project.