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PRATHAM

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BeatStars • 1y

WTF is MVP ⁉️🤔 Everyone say MVP is Important and build that first and consider that firstly but WTF is MVP ⁉️ MVP stands for Minimum Viable Product. It’s the most basic version of a new product that can go to the market. The main objective is to release a product with just enough features to satisfy early customers and solves the problem Features: • It has the least amount of features needed. • It works well enough to solve a core problem. • It’s something customers can actually use. Example: Initially , Amazon started by selling books online before expanding into the massive online store it is today. Other Objectives to release in the market • Test their product ideas with real users quickly and know the TAM and PMT. • Tests the demand and requirement of product in society • Taking Feedback and improving time to time.

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