{"id":16019,"date":"2022-02-17T11:50:47","date_gmt":"2022-02-17T11:50:47","guid":{"rendered":"https:\/\/www.finoit.com\/?p=16019"},"modified":"2024-04-04T06:11:46","modified_gmt":"2024-04-04T06:11:46","slug":"mvp-in-software-development","status":"publish","type":"post","link":"https:\/\/www.finoit.com\/blog\/mvp-in-software-development\/","title":{"rendered":"Detailed Guide-How to Approach MVP in Software Development"},"content":{"rendered":"Reflecting on his past struggles with team management and experiences of working with managers, S\u00e9rgio Sch\u00fcler, Product Manager at OLX group in Berlin, Germany, planned to build Teamometer\u2014a software application to help organizations manage their teams more effectively.\r\n\r\nBefore he began the product development process, he decided to cut his teeth with MVP to get initial validation from the market. MVP in software development is an experiment to find out whether the key hypotheses about the product are valid or not before getting into lengthy and complex parts of software product development.\r\n\r\nTo do that, he launched a simple website with a \u201ctry it free\u201d button to test the market response for Teamometer. Although he received a good response in the beginning, including from a large Indian manufacturer, he couldn\u2019t convert it into customers.\r\n\r\nWhat went wrong, according to him, was that he misjudged this response as demand, whereas what it actually was companies \u201cInterested to explore\u201d\u2014they were looking for a similar solution, but not the same product; that when they shared their unique requirements, he entered in the \u201csales mode\u201d and pitched variations, instead of taking it as a call for \u201cinvalidating\u201d the product.\r\n\r\nMisjudging the response is one of the common mistakes that many product managers make with MVP in software development. This happens when you have not fixed the value proposition of the product.\r\n\r\nIt is typically indicated in a workable but not a saleable concept, wherein users are interested but are not willing to pay for.\r\n\r\nWorkability in software development is related to prototypes. A concept that works is not your MVP. A concept that could be sold is what you are trying to build here.\r\n
\"Prototype<\/figure>\r\nWhen you build a prototype, you ask\u2014Does it work? The goal is to test the concept from design and technical standpoints. When you build an MVP, you ask\u2014Can it be sold? The goal is to test the concept from sales and business standpoints.\r\n\r\nThe test of saleability does not always need a prototype.<\/em>\r\n\r\nAnd that\u2019s because saleability depends on the value proposition the product offers to its users. The problem that the product solves. For example, Dropbox solved the file synchronization problem that many users were suffering in silence. Although, when it comes to validating the problem, these \u201csilent sufferers\u201d became a greater challenge for the founder, Drew Houston. It is because the problem was intertwined with the \u201cway of doing things\u201d, and users were not aware that it could be done differently for a better experience; a factor that made investors reluctant to bet their money on it. But Drew Houston had faith in the solution, and he was determined to test the leap in faith question\u2014\u201d if we can provide a superior customer experience, will people give our product a try?\u201d\r\n\r\nTo prove this point that they could sell a \u201cbetter experience\u201d, they needed a workable software, a prototype. But as the product was complex, even building a prototype would have taken years and required huge technical talent. And what if no one needed it? To save all those efforts and money going down the drain, Drew Houston built a demo video:\r\n\r\n