In the past twenty years, we’ve witnessed the growth of Digital products where there are hundreds of great examples of MVP (Minimum Viable Product). And by far the most traditional way to start up a new product idea is to develop a Minimum Viable Product.
But the main concern is – Why do so many startups lose? And why do we hear the concept of the MVP so often? What’s it about, and is it beneficial? You might think you know the answers to all of these questions, but do you really know?
So, let’s start with defining the MVP – one of the most overused and misunderstood concepts in the modern web. In this blog, you can learn how an MVP can kickstart your startup.
Before Diving into the Best Examples of an MVP Let’s Start with What is an MVP?
Many people get confused about MVP, the actual definition of MVP is – MVP is a process, not a product. An MVP is a process of testing your opinions, constant development, lasting market investigation, and adjusting the product for what’s found out during the tests with genuine users.
The main purpose to develop an MVP is to verify an idea. Thus, they can be brought to market instantly and can get valuable feedback from real users.
Why do We Need an MVP?
The purposes of an MVP development are usually the following –
- Defining your target audience
- Creating a clear development roadmap
- Engaging your investors in the development
- Saving your resources
As a result, you will get an understanding: do people really need your product, do they need this, or that functionality spending not a lot of budgets. MVP development is much affordable than the development of the entire product or service and still makes it possible to achieve the goals stated in the above points.
How will it help you in the Long Run?
- Optimized Expenses –
With an MVP, you don’t require to invest all your money at once as a fully functional product needs. Expenses for an MVP are shared throughout the development phase and are often repurposed from finances received in the initial stages.
- Less Error-prone Approach –
Due to the least amount of functionality, an MVP is less error-prone than a complete product. Hence, you’ll spend minor resources on retesting and redevelopment.
- Faster & Constructive Feedbacks from Customers –
When starting your product with an MVP, you can test your business strategy on real users, gather feedback, and improve your software quicker than you could be using a fully-fledged product.
10 Best Examples of a Minimum Viable Product that you’ll Love!
Here is a combination of 10 best MVP examples, going from some of the most ideal digital products in the world – lesser-known, newer and niche products. These examples of digital products all started out with MVPs, but today, are so much more.
- Epidemic Sounds
- Once I’ve Gone
Take-Home Message –
Even though the possibilities of success in the startup world may be against you, efficiently planning your MVP and making accurate decisions based on research and facts will eventually earn you a seat at the winner’s table with long-term business prosperity.
The Bottom Line –
We believe an MVP can bring many benefits to a business. MVP helps you focus on the core functionality, gives you clarity of vision, allows you to build early relationships with customers, and better understand them.
Certainly, an MVP allows you to save time and money and develop your product with the least risks. Hopefully, these perceptions will help you make the next big thing starting with an MVP.