Common Questions About Software MVPsCade Taylor, Business Analyst @ Verticode
July 6, 2023, 2 min read

When it comes to software development, the concept of an MVP (Minimum Viable Product) is often misunderstood. Many entrepreneurs and developers have questions about what an MVP is, how to create one, and how to use it to test their software. In this blog post, we’ll answer some of the most common questions about software MVPs.

Question mark

What’s the Difference between MVPs and Prototypes?

An MVP is a version of a product that has just enough features to be tested with potential customers. It’s the bare minimum version of the product that can be used to test the concept and get feedback. On the other hand, a prototype is a rough version of the product that is used to test the design and user experience. Prototypes are usually created with tools like wireframes and mockups.

How Do I Test My Software MVP?

The best way to test your software MVP is to get it in the hands of potential customers. This can be done through user testing, surveys, and focus groups. You can also use analytics tools to track user engagement and usage. This will allow you to get valuable feedback and insights into how people are using your product.

Should I Build My MVP in Full Code?

It depends on the complexity of your product. If your product is relatively simple, it may be possible to build a functional MVP in full code. However, if your product is more complex, it may be better to use a prototyping tool to create a basic version of the product that can be tested.

Should I Charge My Customers at the MVP Stage?

It’s generally not required to charge customers for an MVP, but it can be helpful to charge a nominal amount. Primarily, you should focus on getting feedback and using that feedback to refine your product. Once you have a more complete version of the product, you can start charging customers your aspirational price.

How Do I Decide Which Features To Include in My MVP?

When deciding which features to include in your MVP, it’s important to focus on the core features that are essential to the product. It’s also important to focus on features that will be attractive to potential customers. You should also consider the cost of developing each feature and how it will impact the overall cost of the product.

Conclusion

Creating a successful software MVP is an important step in the product development process. It’s important to understand the differences between MVPs and prototypes, as well as how to test and refine your MVP. It’s also important to consider which features to include in your MVP and whether or not to charge customers at the MVP stage. By following these guidelines, you can create a successful software MVP and start testing your product with potential customers.

If you are questioning how to build an MVP and need help contact Verticode today and arrange a free meeting today!

Suggested Articles

The Ultimate List - 22 Best Minimum Viable Product (MVP) Examples

The prospect of any new business venture is both exciting and risky. You might feel like you’re ready to release the most innovative product on the market, but will it ultimately resonate with your target audience? This uncertainty is why Minimum Viable Products (MVPs) exist – they allow startups to test the waters with their business ideas before making the jump. And they’ve certainly proven their worth in the market. Let’s dive into some of the most inspiring MVP examples that have shaped industries and redefined the way we approach product development.

Habba Heimisdóttir, Marketing @ Verticode

Habba Heimisdóttir, Marketing @ Verticode

12 min read

Choosing the Right Features for Your MVP: A Founders' Guide

So, you have a brilliant idea for a product or service, and you're ready to bring it to life. But where do you start? How do you decide which features to include in your Minimum Viable Product (MVP), and how do you prioritize them effectively? At Verticode, we understand the challenges that new founders face when it comes to MVP development. That's why we've put together this guide to help you navigate the process and choose the right features for your MVP.

Sam Crosher, CTO @ Verticode

Sam Crosher, CTO @ Verticode

3 min read

What is a Minimum Viable Product?

Are you a budding entrepreneur with a game-changing idea but limited resources? Or perhaps you're a seasoned founder looking to validate a new concept swiftly without breaking the bank. In either case, the concept of a Minimum Viable Product (MVP) could be your secret weapon in navigating the competitive landscape of startup entrepreneurship. Take, for instance, the early days of Airbnb. When founders Brian Chesky and Joe Gebbia launched their platform, they started with a simple website showcasing photos of their own apartment. This basic MVP allowed them to validate their idea of offering accommodations to travelers, gather feedback, and iterate rapidly, ultimately paving the way for Airbnb's phenomenal success.

Tom Green, Co-Founder @ Verticode

Tom Green, Co-Founder @ Verticode

2 min read