If you are asking this question, then you surely know what an MVP is. However, to give a short overview, MVP is the means to validate one’s business idea in the market, without draining all their resources. It is a way to collect user feedback and processing iterations in the product, before the final launch.
Sounds reasonable, right?
All the major modern-day brands have used the MVP approach to reach where they are now. For example, Twitter, Facebook, Airbnb, Dropbox, Zappos, and so on. The list is honestly never-ending.
Now, this is a great topic to discuss because even if people do know the basics of MVP, they make mistakes while implementing. This is a serious problem out there. So let’s discuss ways to avoid them and implement MVP in a better and correct manner.
The 3 common mistakes in MVP and how to implement them correctly
MVP development serves a lot of purposes in the market. For starters,
- It helps validate a nascent idea in the market.
- Saves time and resources.
- Gives you a better understanding of your audience.
- Helps you find early-adopter costumes which in turn builds your customer base even before the final product launch.
These are reasons enough to take this blog seriously, so here we go. You surely don’t want to mess with your MVP model.
Here are the common mistakes that people make:
1. Weak product strategy
Product strategy is basically the blueprint of your business ideas and visions. If your product strategy is weak, it will lead to nowhere. Just experimenting with your idea using the Minimum Viable Product Program is not enough.
You need to know where it can land you. Only then the MVP has a chance of succeeding.
Solution:
- Be clear about your business goals. Focus on being productive rather than just burning yourself out and that too for nothing.
- Work on marketing strategies to reach out to your target audience. How will the MVP work if there is no audience to test and review it?
2. Overloading the MVP with features
The full form of MVP is a Minimum Viable Product. That means you need to implement only the core features of that product in order to get feedback and validation. Are you getting my point? Your MVP needs to be lean.
Solution:
- Before you start building the lean version, zero into the reasons why you decided to work on this product idea. Use only those features in the MVP version.
- Once you list out the core features, start prioritizing. See if any of these features seem decorative and can be withdrawn from the lean version.
3. Taking every feedback seriously
It may sound like a great achievement to receive a huge number of feedback on your MVP. However, it has negative indications. I will tell you how.
If you take every review seriously and keep pivoting, then you will end up taking a lot of in the iteration process. Why are we here anyway? To save time and money, right? So why waste it in any form?
Also, you need to segregate if every feedback is valuable or at least relevant.
Solution:
- Shortlist around the top 5 reviews from reliable clients who are more fit for your profile. Their reviews matter the most.
- When you are shortlisting reviews, try to recapitulate what you want to know from the customers. What is it that you are seeking. Choose the reviews to iterate accordingly.
Overview
To wrap it up, these are the key pointers to consider if you intend to implement your MVP correctly. If you master these points and stop making these common mistakes then you are already halfway there.
Also if you are new here and want to build an MVP for your business, reach out us at TheCodeWork. We are here for you.
Till then, happy brainstorming to you!
