All About MVP: What is MVP? Answering The Meaning Of MVP In Each Area

What is MVP? The term MVP is familiar in game titles and is also commonly used in business, especially for startups. 

What is MVP? 

MVP stands for “minimum viable product“. This is the first version of the new product that the enterprise launches, with the minimum features so that the startup can quickly reach the first customers and get the most feedback from customers with the least amount of effort.

MVPs are often used by startups or businesses launching new products. MVP products are typically manufactured and tested on a small scale.

A trial product, product demo, or lean version are all good concepts or examples of MVP. An MVP is considered successful when it has few features to serve users. Besides, those features must convince users to buy the official version when it comes out.

For example, there are many customers who want to move faster. The most logical thing is to sell them a car; however, the process of producing a car takes a lot of time and money. Instead, you start with a minimally available product, a skateboard. It will help customers solve the fundamental problem of moving faster. After verifying that customers really have a need to buy transportation, you will conduct continuous product improvement, helping customers move faster and faster.

Let’s learn more about MVP with Twendee in this article: https://blog.twendeesoft.com/mvp-services/all-about-mvp-what-is-mvp-answering-the-meaning-of-mvp-in-each-area/