The MVP is the Minimum Viable Product. However, when we talk about this tool we are not referring to a final product, but to one that has all the basic characteristics of a product, which is functional and meets the requirements minimum established by the entrepreneur.
What this tool does is allow companies to launch their products with minimal effort and development, with the aim of testing your hypothesis in the market, evaluating its reception and viability, to be able to launch it to a wide audience higher.
Achieve user acquisition, even being in its initial phase
It has enough value to be used immediately by the people
Allow the producer to follow customer feedback
First, we will define the value proposition, which is related to the product and the ability to attract the attention of consumers. In this phase we create an MVP that is eye-catching, useful and workable so that it can be used by the public.
Then, we will create a calendar determining the actions to be taken, from product planning to its own launch.
Finally, when we have the responses from consumers, we will analyze the results obtained and make the necessary changes to the product before its real and effective final launch.
The answer is YES since, even if it is not the final product, the MVP is created under minimal costs and does not contain all the characteristics of the final product, which is why it serves to verify the purchase hypotheses of the producer regarding his consumers.
So by creating your MVP you save money on possible errors both in the product itself due to its functions, as well as in the possible responses and impressions of consumers.
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