What is MVP?

Dominick Wojtas
speaker

MVP is an acronym that stands for: minimum viable product. These three words alone should give you a basic idea of what an MVP app is and the web is flooded with definitions for this phrase, but the one that resonates with our company most is by Eric Ries, an American entrepreneur, blogger, and best-selling author of “The Lean Startup” who helped popularize the concept as a version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.

minimum valuable product

The phrase ‘most viable product’ is actually quite misleading; it’s not about creating minimal products. It’s about giving your concept a chance and letting it grow organically, being shaped by user feedback. One of the biggest mistakes that appreneurs make is getting caught up in adding features that may seem necessary, but in reality are just like ice cream toppings: sure they add new layers of flavor, but this cost extra. And if you add too many toppings it’s harder to distinguish the actual flavor of your ice cream. What is meant by this analogy is: if you pollute your app with unnecessary features, initial users may forget what the app’s intended purpose was in the first place.

mvp instruction

To create a proper MVP version of your app, you must provide users what they need before taking that insight and applying it to developing features that will fulfill their wants.

Launching an MVP is the quickest, most efficient, and most fruitful way to test the waters. A mistake that many appreneurs make time and time again, is dumping all over their resources into a complex, and grand vision. The problem with this is that the marketplace is not looking for complex, quite the opposite actually. And pulverizing an entire script with elements that seem fun and ‘can’t hurt’ will overwhelm initial users.

What Problem does your App Solve?

Instead of getting caught up in all of the bells and whistles that your app could feature, the MVP product is about lasering your focus on the app’s core principle. What is the issue that your app fixes? What problem does your app solve?

Maybe your app aggregates last-minute plane tickets at unbeatable prices. There may be tons of adventurous individuals who are itching to get away from home this weekend but can’t afford to splurge an insane sum of money on a last minute booking. They might not care so much about where they go as long as they go somewhere. With all the last minute cancellations, we can already see groups of eager individuals hanging around their local airport just hunting for a deal!

Problem: Thousands of gallivanters want to get away for a few days because of a spur of the moment decision but can’t afford a plane ticket at an inflated price.

Solution: Through your app, these individuals will be able to see and purchase tickets from a  list of last minute offers at a heavily discounted rate.

What is the Most Significant Feature your App has?

Disregard all the noise in your head that comes in the form of never-ending chatter that sounds something like, “What if we gave users the ability to…?”, “I think they’d really appreciate it if we added…”And perhaps these features may be useful, but that’s not the point. The point is you’re getting distracted with could or should instead of focusing on must. It’s not that these features aren’t beneficial, it’s just that they pose no necessity pertaining to getting that app up and running.

“Should we integrate the app with Facebook, Instagram, and Twitter?” Perhaps you should, but these types of operations burn time and resources, and due to the practically innumerable amount of apps across the app stores and growing competition, time is of the essence. Take this scenario for example: Your app has been in production for 6 months now. You’ve been steadily adding features/tweaking the old ones, etc. No one but you and your team has really experienced the app. Your competition however has just released an MVP version of their app. It’s been in production for 2 months. Their feature list is nowhere near as extensive as yours, but the core functionality that defines both you and your competition’s product is there.

First to the market is a huge advantage. Early adopters are eagerly trying an app whose functionality was unseen in the market up until now. It’s growing rapidly because it solves a problem and no other app in the market has solved this problem. Sure your app might be better, but it doesn’t matter, to the rest of the world it doesn’t exist, and your competition is securing users that should’ve been yours.

Organic Feedback = The Best Solutions

You can spend weeks in development getting into heated debates about the validity and necessity of a certain function or design element. And no matter how much logic you apply, your result will still only represent the thoughts of a few people in the office while it could’ve represented hundreds, even thousands of actual users had you released an MVP version of your app and utilized A/B split testing.

e-commerce mobile

A/B split testing, is a means of comparing two options and comparing the results. By changing the value of a single variable in your app, through the examination of analytics, you can determine which variable provides the best response.

For example: in our hypothetical discounted flights app, we’ve realized that users were more likely to pick flights with the shortest duration and least amount of transfers than the flights that covered greater distances at the same price. With this new insight, your team can tweak the way the list gets populated, the flights with the shortest durations appearing first in the list.

One team will never be a sound sample to exemplify the general population.

Fortunately, analytic tools are available to all: some free, others at competitive prices. A/B split testing is one of the most natural ways to distinguish what works best. When it comes to apps, you must never rely on assumptions.

Conclusion

Define a rigid scope. Don’t end up in a pitfall of endless features and ideas, each seeming relevant under the exalted state that comes with developing your big idea. We understand you want nothing but the best, but it’s impossible to know the best without first hearing what your audience has to say.

Commence development. Don’t get pretentious at the design phase. The longer the app is in design, the greater the chances of you succumbing to a lofty ideal of what your app should be. Perhaps it could be that, but not right now; save your fantasies for future updates. Get your app into development and don’t look back.

Congratulations! Your app has officially made it to the app store! Now it’s time to rake in the analytics, perform tests, add features, and see if your assumptions prove true. If they don’t, just be happy that you dodged a bullet by releasing an MVP version first!