"When you are looking to build an MVP for a software development company., you must first start with your market research. If it does not fit into what customers are wanting, it will not be the thing that you need to build. Your market research is vital in getting to the core of your customers problems, and how your work can help to solve those problems. This may take some time in the beginning, but it is well worth it. It is much better to take the time in the beginning to create the right build, instead of starting too fast and it being the wrong thing for the customers completely.”
- Daniel Foley, Founder of Daniel Foley
"The best idea to build MVP is to go through thorough market data research. Almost 42% of MVP fail because of not conducting or doing proper market research. Before building an MVP, you must have to do market research about its features, popularity, cost, etc. things, and then after, you can start to build it. Along with this, you face lots of customer problems without market research because, ultimately, you are going to build MVP for the customers. If they are not satisfied, then you are not profitable.
Secondly, the value of MVP is most important for the users. If the user doesn’t find MVP valuable, they are gone, and you can lose your targeted audience without any communication with you. And this will be very frustrating for you. So, proper market research and MVP's value are the best ideas to build MVP for any software development company.”
- Abby from Wellpcb PTY LTD
"I feel building an MVP (minimum viable product) is best accomplished through tons of research and a brief period of agile development. When you create an MVP you're not looking to make something that's going to last. You'll iterate on your design. You'll make it better, more feature-rich, more polished. But you need to get something out that serves the market's needs, and you need to do it quickly.
My best advice is to spend a lot of time doing market research to find out what a MVP even looks like in your market. What features are expected? How polished should it be? How can you differentiate your product from all the others? Then create a milestone roadmap to develop the app as quickly as possible.
Make use of Agile practices and get something that works. Then test it extensively. Exhaustively even. Polish up the features you have and ship it, then look toward the future.”
- Dan Bailey, President of WikiLawn