How to plan to use MVP development services in Ho Chi Minh City
Every single successful app on the market has the same in common, that’s MVP. But why can this single methodology determine if this app will have a successful result or become a failure? With the help from MVP development services in Ho Chi Minh city, we will have the answer.
1. What is an MVP?
MVP (minimum viable product) is a minimal version of your product that is put to the test in the market. This development strategy enables your team to test (or disprove) product assumptions as well as learn how your target users react to and use your product’s core features.
This method will show you how to allocate your budget to meet your overall business goals properly. Building an MVP is an iterative process for identifying user needs and determining the appropriate product functionality to meet those needs over time.
Figure 1. MVP methodology is about continuous measuring and learning
MVP development services in Ho Chi Minh city will only develop the core functionalities of a mobile app to solve a specific problem and satisfy early adopters. In essence, an MVP is the simplest version of your product that will achieve the primary goal you set out to reach.
2. Why do you need to determine your MVP?
The main goal of an MVP is to create a working product that provides immediate value while keeping costs to a minimum. As you test your assumptions, you’ll learn more about your end-user and the market you want to enter. An MVP will also lay the groundwork for future iterations of development and clarify the project’s sequential steps – whether that means completely changing directions or sticking to your original plan.
An MVP can also be used to demonstrate business potential and gain stakeholder buy-in in some cases. Whether you’re looking for funding from internal or external sources, having an MVP strengthens your position, especially you can find a provider of MVP development services in Ho Chi Minh City for many benefits that I will mention in the next part of the article.
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3. Types of MVP
Here are some common types of MVP that MVP development services in Ho Chi Minh City can offer
3.1 Concierge
The aim behind this MVP type is to address consumer problems without delivering any product. You might not even have a website, a product, or a service. In other words, this kind of MVP places a strong emphasis on interacting with potential customers.
You must explain the benefits of an MVP that doesn’t yet exist to the potential target group using a variety of channels. Posting your project and attempting to acquire feedback from your potential customers is all that you need to accomplish at this point.
3.2 Explainer videos
Often, a video is the most effective approach to explain a complicated product. It enables you to clearly and concisely describe basic functional concepts, customer benefits, and how it will satisfy the client’s needs.
Figure 2. Explainer videos is one of the most popular types of a minimum viable product
It also enables you to demonstrate how things work and what makes your service unique. You can track user activity and analyze demand while also introducing people to your product through this method.
3.3 Landing page
This MVP type means developing a landing page that displays all the benefits of your product and gives users the opportunity to purchase it. You can either suggest they buy an already-available item or inform them that it will be available soon.
The benefit of a landing page is that you can connect to your customers directly about your product or service by obtaining their email addresses via a contact form or email signup form. Additionally, you can analyze user behavior and demand to make the necessary adjustments.
3.4 Pre-order MVP
The optimal option for enterprises that require substantial investments and customer access is this type of MVP. Customers have the option to pre-order products or invest in product development. Business owners can assess the potential of their product, the number of customers who are interested in it, and acquire funding in this way.
3.5 Wizard of Oz
This type of MVP is about presenting the illusion of a fully operating product. However, a business owner’s objective is to make users believe that a launched product is a fully-fledged service based on automation. It implies that you put in all the effort while claiming that your product is sufficiently automated to manage everything on its own.
4. WHAT IS MVP DEVELOPMENT?
MVP development is the process of researching the market to ascertain how effectively your idea or product may connect with potential customers. You must consider your customers’ specific uses for your product or service, their primary needs, and the ways in which your new product might meet those needs.
Figure 3. Stages of MVP development
5. STEP BY STEP TO PLAN A MINIMUM VIABLE PRODUCT
There are many ways to determine an MVP. Nevertheless, the following technique is trusted to use by many MVP development services in Ho Chi Minh city. These steps will assist you in identifying and prioritizing features, as well as confidently laying out what you’ll need to get your MVP to market.
5.1 IDENTIFY AND COMPREHEND YOUR COMPANY’S AND MARKET’S REQUIREMENTS
The first step is to determine whether there is a market need for your product. This could be a business need or a customer need that fills a current void. It’s also crucial to look at what your competitors are doing and figure out how to set your product apart. This will help you figure out what kind of mobile app you’ll need to succeed.
5.2 CREATE A USER JOURNEY MAP
With experienced MVP development services in Ho Chi Minh city, it’s critical to think about your users when creating a mobile app. By mapping out user journeys, you can ensure that your users have a positive experience with the first iteration of your app. This will allow you to see your product through the eyes of the user, from the moment they open the app to the moment they complete a task, such as making a purchase.
This gives you ideas for how you can make the app more user-friendly. Furthermore, defining user flow and addressing the actions users must take to complete an end goal ensures you don’t overlook anything while maintaining user satisfaction.
Figure 4. Determine a user journey map to help create a more accurate MVP
5.3 DETERMINE WHAT FEATURE TO BUILD, WHAT TO ELIMINATE
You’ll be able to tell at this point what features to include in your MVP and what features to put on your product roadmap that isn’t as important. Identifying and prioritizing features can be as simple as asking yourself. What does my user want vs what does my user need? Keep in mind that implementing too many user-requested features too soon can detract from the product’s overall purpose and degrade the user experience. The only features you should include should be related to the overall goal of your product.
6. THE BENEFITS OF HIRING A PROVIDER OF MVP DEVELOPMENT SERVICES IN HO CHI MINH CITY
- Expert Advice: Having access to professionals with years of experience working for software development companies is undoubtedly an advantage. With a variety of technologies and in different domains, they would are able to create numerous MVPs. You would not need to be concerned about hiring new employees and wondering if they are qualified for the job. Instead, you’ll have a group of professionals at your disposal who can assist you in achieving your goals.
- Technical Support: Based on their experience, they can completely comprehend your vision, thereby detecting and fixing any issues that crop up along the way. The team can also give a new perspective on your project and provide ongoing support to help you realize your goals.
- Faster Completion Time: Because outsourced teams don’t go through the hiring process, they could provide products more quickly than any internal team. Each team member lightens their load and guarantees that no time is wasted by splitting the task. Additionally, your app can be ready sooner than anticipated.
- Simpler Project Management: because the outsourced team has worked on so many projects together and has a wealth of expertise. As a result, you can start the process of creating your MVP with a flawlessly structured process, evaluation of delivery, cost, and all other relevant factors.
- Long-Term Collaboration: If your project is completed to your satisfaction, it is possible to continue working with the development team on any subsequent ideas or projects you may have. You can go on working with the same team even after your project is finished if you want to create more applications. Additionally, they may always work with your internal team to teach them the fundamentals or even assist you in better your project.
SUMMARY
Yes, you can determine your MVP methodology by yourself. But to increase the accuracy and have insight from professionals, seeking help from MVP development services in Ho Chi Minh city is still a great solution.
Sources: Internet
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