🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Shubham P

Building Something i... • 1y

Don’t invest any money in a business. Here’s why: Never invest money into a business idea until you’ve validated it with a “mini MVP.” So, what exactly is a mini MVP? Think of it as a middle step between your initial idea and a fully developed MVP. It’s designed to test key aspects of your idea, without spending any money. Here’s how to approach it: 1. Identify Your Target Customer – Start by defining your ideal customer profile. Who exactly is your product meant for? 2. Engage 100 Targeted Customers – Reach out to a sample of 100 potential customers, either virtually or verbally. Describe your product or solution clearly and ask them one key question: “Would you pay for this?” Important: Never offer it for free, even at this stage. If you give it away now, they’ll likely expect it for free later too. 3. 👇

4 Replies

Replies (4)

Anonymous 1

Hey I am on Medial • 1y

This is great advice and a mini MVP could be anything even something as simple as a figma prototype

1 Reply

Anonymous 3

Hey I am on Medial • 1y

True, by creating a "mini MVP," you avoid wasting resources on something that hasn't been validated because if it works you gotta go all in for a decade or so and that's a long time but if it won't work, you'll know sooner instead of wasting time and money. Solid stuff.

Anonymous 2

Hey I am on Medial • 1y

I like the theory of this but the challenge with this approach is that not everyone will give honest feedback, and the small sample size (100 customers) might not reflect broader market trends.

Recommendations from Medial

Akash Jain

Real Estate Solopren... • 9m

4/100: Validating Your Business Idea Having an idea is exciting, but before you invest time and money, you need to validate it. Validation means testing whether your idea solves a real problem and if people are willing to pay for it. Start by talki

10 Replies

MUSHEER AN

man_00e • 3m

another mini mini project built within a day build your own public profile page 👍🏻

1 Reply

Ishan Singh

Entrepreneur • 9m

hey I have a question if I have a good idea how do I raise money from VC do I have to make mvp before raising money?

6 Replies

Rajesh R

Founder & CEO | Star... • 1y

Why is an MVP so crucial for startups? It helps validate your idea without burning through resources. Here's why every startup should focus on building an MVP first. #StartupTips#MVP

Vaishnavi Gupta

Learn from other peo... • 1y

MVP(minimum viable product) A basic of imagined product is made to check whether buyers are willing to pay or not. Benefits of mvp: 1 No risk 2 Chance to change the idea 3 Saves time 4 Saves money 5 Check your thoughts

VIJAY PANJWANI

Learning is a key to... • 12d

Where Are Foreign Investors Putting Their Money? From banks to oil & gas — here’s where the BIG money is flowing in October! 🇮🇳 India is attracting massive FPI inflows in key sectors.

Rajesh R

Founder & CEO | Star... • 1y

What exactly is an MVP, and why is it so important? Learn how we can help you build an effective MVP at Startup-forge.in. #TechStartups #Innovation

3 Replies

Vikas Acharya

Building WelBe| Entr... • 10m

Startup Basics Day 3: Building Your Startup MVP (Minimum Viable Product) So, you’ve got a solid idea, and you’ve even validated it. That’s awesome! Now, it’s time to bring it to life, but not by building the entire thing (yet). Today, we’ll talk a

Shanu Chhetri

CS student | Tech En... • 5m

*How to Start a Small Business* Here’s a quick guide! Start by choosing your business idea and location, then brainstorm a name and create a business plan. Register your business, get the required licenses and permits, open a bank account, arrange f

Daksh

High • 3m

Day 1 of building in public 0 money. 0 coding skills. Just me + ChatGPT. Goal: $100 MRR Today’s progress: – Researched + mapped MVP – Auth flow is ready Idea hit after 24+ hours of convos with ChatGPT Let’s see how far delusion can go.