These products are launched by entrepreneurs and startups before making large investments, and improved after testing them and obtaining real feedback from their customers.
The Minimum Viable Product brings great benefits to companies, and that is why we want to talk a little more about the subject in our blog: what the minimum viable product taiwan email list means, what it is used for, what its phases are, how to implement it and how it differs from the prototype.
What does minimum viable product mean?
Minimum viable product, known by its acronym MVP , is the product that a company launches on the market with the minimum possible functions, with the intention of shortening development periods to reduce risks and with the objective of testing and quantitatively and qualitatively measuring its response.
These products also allow us to obtain very important information from the users who test or purchase them.
What is the MVP for?
The main use of the MVP is to quickly test the market's response to a certain product or service, although it can be useful to an entrepreneur for much more:
Do not produce products that customers will not subsequently pay for.
Don't waste company resources or entrepreneurs' energy to produce products that potential customers won't buy.
Provides a solid foundation for climbing market positions.
Be able to test a product hypothesis with minimal resources