Full Guide To Build An MVP in 2021
Step- 1: Market Research:
For a successful MVP development, you should begin with evaluating your business idea that fulfills the target users’ needs. So, the first step is good market research, it will help you identify if there is a need for your product in the market. Also, to find out the best solution to your future customers’ clear and definite requirements. So, you may conduct surveys to analyze your competitors and to get more information for making your business idea more successful.
Step- 2: Work on Value Addition:
It is important to check the necessity of the product with your users in mind. How will it give them a good experience from your existing competition? You should always ensure the value your product is offering to its users. First, outline them and accomplish the task based on that.
Step- 3: Define User Flow:
The next step is to define user flow where you can check how the target customers react in a simulated scenario. At this stage, you need to look at your product from the perspective of the users and design it in such a way that is convenient for users. This journey includes opening the app to reaching the desired destination like making a purchase. To map out your user flow, compare what users need, and take necessary actions to prioritize them. You can also use several tools like XMind, MURAL, and UXPin to create a user flow diagram.
Step- 4: Make a List of MVP Features:
Once the user flow is ready, write down the list of features you want to add to your MVP. Select the most basic features to test your business idea focusing on customer requirements. You don’t need to incorporate complicated frameworks and fancy designs to build an MVP for your startup.
Step- 5: Launch MVP:
If you have successfully completed all the previous steps successfully, now it’s time to create the MVP. Keep in mind that MVP does not mean incomplete, it is meant to deliver the core value and fulfill user needs. Therefore, you need to make sure that it is easy to use, built using the right technology, and performed varied testing before delivering early adopters.
Step- 6: Feedback, Learn, Improve:
After launching the MVP in the market, it is imperative to collect feedback from your early adaptors. Then only, you can analyze and determine whether your product is accepted by the users or not. It will help you to find bugs, keep up with competitors, and to shape the new versions of the product. Likewise, this step is indispensable to continue the “Feedback, Learn, Improve” cycle to reach your goal.
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