How does MVP stand for? Who is it suitable for? Features of creating such software. Where is the best place to order this service?

MVP as a perfect way to get feedback on your product

Developing the full software version is quite expensive and takes time. However, not all aspiring startups have the resources to do so. In this case, MVP comes to the rescue. It will allow you to understand better how your product is liked and helpful to users. SECL Group is a company that specializes in the development of such software. Here you can get a good result at the best prices.

What is it, and who is it suitable for?

Minimum Viable Product is a trial version of your software that performs the main functions. It usually doesn’t have a pretty interface or more complex features.

The cost of such development is much lower and allows you to speed up the project’s release to the market. After potential customers try out your MVP, leave honest feedback about their experience, what flaws they noticed, and how it can be improved. You should expect only some reviews to be positive, but if you can adequately analyze user criticism, you will have a chance to improve it and release the next version with a more improved one.

Many companies leave MVP as a free version of a mobile application and an improved version with a paid subscription.

Usually, MVPs are ordered by small startups that have limited funding. Complete software development is quite expensive, so creating a minimum viable product can solve this problem.

However, it suits those who need clarification on their ideas. For example, if you offer something revolutionary and wonder if this idea is relevant and if there is a real need for it in society. With an MVP, you can test whether your product can be helpful to potential users.

If you have a large corporation and have several projects but need to know which ones should be invested in more funding, an MVP can help you make a decision. After you analyze user reviews, you can understand which ones will be in demand.

Thus, MVP can be a good solution no matter what project you want to implement.

Benefits of creating such software

Over 92% of startups fail in the first 3-5 years. It is mainly because the creators of such projects need to study the market more, offer unnecessary services, or have big problems with financing. MVP can solve all 3 main issues.

Market research

Before you create software, you need to study the market and understand how many companies are already working in your segment, what services they provide, and which ones have advantages and disadvantages.

Some companies need to pay more attention to this step, and as a result, we see many similar companies on the market that need to be more popular with users.

Minimum Viable Product can come to the rescue if you’ve analyzed the market but want to ensure you draw the correct conclusions.

Selecting the most suitable functions

After you release an MVP, users will tell you which features they liked and which need improvement or are unnecessary. In addition, users will tell you how you can improve your product and what characteristics make sense to add.

Seeking additional funding

Many startups fail due to poor funding. Practice shows that investors are more actively investing in projects they can test. No matter how good the business plan is and how colorful you describe the benefits of working with your company, nothing will convince investors better than the experience of using your software.

Investors understand that you need money to improve your product and for promotions, so they will judge your MVP fairly (otherwise, you would not ask them for help).

How to create such software?

Creating an MVP can be an intermediate step in building complex software. You need to go through several necessary steps:

• Form a task;
• Define the audience;
• Study competitors;
• Conduct a SWOT analysis;
• Map the paths;
• Highlight the main functions and size of the MVP;
• Writing code;
• Testing;
• Product launch.

You have to spend much more time and effort on thinking and designing a project than on technical issues. The better you can imagine what the finished product will look like, the more likely the programmers will be able to implement it in the best possible way.

Benefits of cooperation with SECL Group

SECL Group is a company that specializes in software development. It was created in 2005 and, during this time, managed to open offices in Canada, the USA, and Ukraine. It has implemented many projects for organizations from different industries (Internet services, retail, healthcare, and many others). Employees of the company are well aware of the specifics of the work of organizations from different industries, so they try to provide them with the most favorable conditions for cooperation.

Among the main advantages of SECL Group are the following:

• Extensive work experience;
• A large team of specialists;
• Low cost of services;
• Individual approach to each client.

Company employees carefully study the specifics of clients’ work, consider all the wishes and try to find the most suitable services at a bargain price. Here you can realize even your most daring idea.

Also Read: Advantages Of Having A Professionally Designed Website For Your Online Store

Conclusion

If you need to be sure that your project will be as successful as possible and will be liked by potential clients, it makes sense to create an MVP. It will allow you to determine your users’ actual needs and understand how to refine your project. SECL Group will help you realize your idea.