As a Sales Specialist with four years of experience, I ensure that every prospective client feels comfortable in the software development world - regardless of their background (technical or not). I focus on communication, clarity, honesty and long-term collaboration. Apart from taking care of due compliance, legal and negotiating contracts, I ensure that engaging in a software outsourcing process is a positive experience for both parties.

Alina Turek

As a UX/UI designer, I research, investigate and evaluate user requirements in order to deliver outstanding quality products for our clients.

Katarzyna Legień

As a Ruby on Rails expert I collaborate with development teams to craft state-of-the-art functional software solutions. With a deep business focus and strive to constantly expand my skills I work in mixed technology environments. I specialize in code refactoring while implementing best pracctices of web development and compliance processes in project management.

Krzysztof Greń

I am a graphic designer responsible for a website's design, layout and coding. For over four years, I've been helping clients from US and EU to craft beautiful and user-friendly applications. As a Ux/UI Tech Leader @Selleo, I focus on leveraging knowledge throughout the designers' team.

Michał Greń

\[TOC\]

Building an app in 2022 is… pretty costly. It can cost as much as $137,000 for a sophisticated app or even $50,000-$70,000 for a standard app. This remains the same for both mobile and web applications.

Don’t get us wrong. This price range can be hugely broad,  and there are multiple steps you can take to bring the cost down throughout the process. They are going to be pretty crucial to the point where they can make or break your entire business.

One thing some startup founders have begun to do is to outsource their development work, especially in the early stages including the MVP. Read on to find out how that could benefit you, and how you can get started with Selleo.

## Why do Startups Fail?

![Img](https://a.storyblok.com/f/86602/720x319/3340727542/why-do-startups-fail.jpg)

If you want to bring in a new business or impress your previous customers, building a top-quality mobile or web app is one surefire way to do this.

An app can give a better representation of your business idea, it can help your current customers make the most out of your company and it can attract potential new customers in ways that a simple website can not.

It appears to be the case that some startup founders have not recognised this over the years, and this has led to the failure of their entire startup businesses. Here are a few reasons why some app development projects have failed:

* **Poor design and development:** strangely, some startup founders fail to recognise the importance of ensuring a high quality UX/UI design, logo and functionality for their app. As a result, they don’t deliver an excellent product if they even deliver one at all, and this makes them look unprofessional when compared to the competition. Furthermore, if you’re looking to sell the app on the market, the top quality product is a must
* **Missing out on the target audience:** you could have the best app in the world but if it fails to align with the target audience of your startup as a whole, you’re going to miss out on the level of engagement you’ll need to drive your business forwards.
* **App development spendings:** on the other end of the spectrum, some startup founders will spend way too much on developing their app and this will be the final nail in the coffin for their business. Failure to budget correctly, and putting too much money into the wrong places can be deadly for any startup.
* **Number of features:** your app might look beautiful, but if it fails to provide the level of functionality needed to drive engagement, nobody will buy it. Since selling the app is your ultimate goal, this part of the development process needs to be planned with special care.
* **Development time:** Getting your completed app over the line within a certain amount of time is also important to its success. If you spend too much time creating an app, your competitors’ apps may get better quicker, and this can leave you in the dark. On top of this, time is money and that’s the fact you need to remember.
* **Failure to build an MVP:** an often overlooked part of the development process of an app is something called a Minimum Viable Product, or MVP for short. This is actually a much more important stage than a lot of people give it credit for, so let’s take a closer look into what it means and how to create one.

<Baner name={frontend-developers} />

## What is a Minimum Viable Product and Why Should You Build One?

Having an idea for an app is part one, of course. A lot of people think that part two is building it, but there is one key stage that should come before this, and it is building a Minimum Viable Product.

This is the part where you find out whether your idea is feasible or not. A lot of app developments have been closed down at this stage, and it’s super important for this to happen early if it is going to happen at all to avoid wasting cash.

An MVP is a product with the minimum number of features to function. You can build on it and add more later on. All you need your MVP to be is a basic tool that users can give feedback on early.

That feedback is the number one reason you should build an MVP. Having it early rather than when you have finished a full draft of your final app product has the following benefits:

* **Saves time and money:** any problems that arise at an early stage can be much more easily removed than if they are spotted later down the line. This could be something small, such as a visual issue, or something more deep-routed into the functionality of the app.
* **Flags up potential terminal issues:** in a more serious circumstance, it could be decided that the ‘Minimum Viable Product’ isn’t viable at all, so you may even have to cut the whole project. This is going to be much less expensive at stage one than if the app has been fully developed.
* **Helps to improve the final product:** even if things do go really well with the MVP, there is a high chance that somebody will have a great idea for the final product that you did not consider yourself. This is especially true if you decide to outsource MVP development.

![Img](https://a.storyblok.com/f/86602/720x293/dca4f52b2c/benefits-of-mvp.jpeg)

## How Much Does it Cost to Create an App Worldwide?

We’ve detailed how important it is to actually have an app right now, and mentioned that it can be one of the most costly parts of the entire development of your business, but how much exactly does an app cost worldwide in the year of 2022?

<ReadMore> Read also: [MVP App Development | The Art Of Building A Product That Will Sell](https://selleo.com/blog/mvp-app-development) </ReadMore>

Let’s not understate things right now: budgeting to create an app can be quite an arduous experience that requires a lot of patience. However, the success of your business depends on your ability to do this effectively.

A ‘typical’ app can be made within a budget of $50k to $70k and could take 4.5 weeks. However, a more ‘sophisticated’ app could cost up to $137k and would take as many as 26 weeks.

Unfortunately, this information is not hugely helpful. While it does give a very rough idea as to what an app development cost is, there are so many variables at play. Consequently, your app price could very well end up nowhere near either of these figures.

So, what do we need to consider when we try to deliver our first app development budget? There are quite a few things, as you may have expected. We recommend looking into each of the following before you get started:

* Features and functionality
* Mobile, web or both?
* Complexity
* UX & UI
* Maintenance
* Security
* Number of pages
* The location of your team and your customers

A great way to begin to figure out your budget in real terms is by starting at the beginning, with an MVP. Developing your MVP will help you to get a much clearer idea of what your answers to the criteria we just detailed are.

So, now we can break things down a little bit. Let’s build an MVP, and figure out how much that part is going to cost.

### How Much Should Your MVP Cost?

![Img](https://a.storyblok.com/f/86602/720x319/f6b1204aea/how-much-should-your-mvp-cost.jpg)

The bottom line is: building an MVP is a lot less expensive than the overall cost of product development. In fact, the MVP development cost should only be a drop in the ocean when compared to the rest of the process.

Let’s take a look at a few of the costs that are likely to arise when you create your MVP, and what you can do to minimise them. Even though the MVP is partially about saving you money in the first place, we should still be looking to save money further as we create it.

The design costs are always going to be in line with the structure of your app. So, try to cross-reference these structural principles with the criteria we listed in the section above to build an idea of cost for the MVP:

* **Analysis:** research time. Who is your target audience and how are you going to make the best possible product for them?
* **Wireframing:** this refers to the overall layout of a mobile or web app and elements that will appear on the key pages. It’s basically a first look at the overall skeletal framework of the app.
* **Preparing UX design:** how is your app going to look in terms of its user interfaces? How much time and money would you need to put into the visual aesthetics? What functions does the app have that requires a bit more than basic UX design work?
* **Mockup:** page by page, an MVP includes a first look at what the final pages of the app will look like.
* **Interaction between pages:** next to those mockups, you’ll need to consider how the pages work alongside one another. This part is often overlooked and can prove costly if not adequately budgeted for initially.
* **Testing:** now that we’ve been through the four key stages of development, it’s time to do some testing and see how everything holds up under the scrutinous eye of the user.

<ReadMore> Read also: [How Much Does It Cost To Build Custom Software? The Best Ways To Optimize Your Budget](https://selleo.com/blog/how-much-does-it-cost-to-build-custom-software) </ReadMore>

### Factors to Consider when Building an MVP

Here are the three overriding factors that influence the final cost of building your MVP

* **Business: analysis, sales and marketing.**
* **Technical: backend development, testing and more.**
* **Design: user experience, interface and other aesthetics, motion work.**

## What Influences the MVP Development Cost?

Now that we’ve had a good look at all of the parts of the process to build our MVP, let’s check out the influencing factors of that process. The better you control this part, the lower your overall cost will be.

![Img](https://a.storyblok.com/f/86602/720x278/175fe1bbf3/what-influences-the-mvp-development-cost.jpg)

1. **Number of features:** must have, should have, could have, won’t have. These are the four categories for any potential features you are considering so that you can decide whether they are worth implementing in the final product or not. This is a categorisation methodology called the Moscow method.
2. **Development type:** how are you going to build the MVP? Are you going to hire a project manager and full time, in-house developers? Or are you going to outsource the work to save on time and money?
3. **Technology stack:** consider which pre-existing apps and technologies you would like to use in your own tech stack. These can include open source code which really helps to bring the overall price down.
4. **Time frame:** while you want to make sure that you get your MVP out as soon as possible, you should make sure not to underestimate the time frame of it as this can cause all sorts of problems later down the line.

## MVP Building Explained - The Important Decisions to Make

![Img](https://a.storyblok.com/f/86602/720x278/49d239c979/mvp-building-explained_good.jpg)

Now let’s look at some more specifics of MVP development costs - based on the decisions you make.

### 1: The Development Strategy

How you develop your MVP is very important. You’ve basically got three options to pick from:

* **In-house development:** if you have a solid team of in-house developers already then great. But consider the question: is there enough manpower, quality and varied skill sets among them to be able to execute the project to the time frame and quality you are looking for? If not, you may need to hire more people.
* **Freelance development:** instead of hiring someone new altogether, you could always look at a freelancer or two. However, this can prove quite costly indeed.
* **Outsourced development:** perhaps the easier and most affordable method for most startup owners is simply to outsource the work to a pre-existing software development team who can get the job done quickly and efficiently for the best price.

You can always mix and match parts of this, it’s not set in stone.

<Baner name={software-development} />

### 2: Pricing Model

**Fixed Price:** the cost here is not influenced by the amount of time spent or resources used.

* Pros and cons: easier to plan an initial budget but almost certainly harder to finance. It can also have a negative impact on the overall quality of the final product. May be easier to use but more expensive in the long term.
* When to use: if you have a high budget and a clear idea of the project.

**Time and material:** the costs are based on time and resources.

* Pros and cons: more flexible to new ideas but more difficult to budget for. Faster, and more dynamic, but may be uncertain in terms of the final finishing time.
* When to use: more versatile projects where you can afford to be a little bit more flexible with your time and budget.

### 3: Post Launch Costs

Finishing the work with your MVP shouldn’t be where you stop. Some businesses choose to continue the collaboration with software houses to ensure proper functioning of the app. There are also actually quite a few factors that go into the post-build part that we need to think about before declaring our final budget. They look a bit like this:

* **Marketing and advertising**: how are you going to get your first batch of customers to bring about that all important feedback round? You should promote your product as soon as possible and consider the likes of Facebook and Google ads, email newsletters and social media posts to make that happen.
* **Sales:** after testing, where are you going to sell your products? Getting the MVP into the right channels can make or break its success, so pay close attention to this strategy.
* **Maintenance:** after the MVP is done and dusted, you’re still going to need to pay money into it regularly to ensure that it is well looked after. This includes fixing any bugs within the app or updating it to incorporate new features as the app goes through the development process.

## Summary

If you reach out to a software development team with a few ideas about your app, they will come back with a quote for the work. This is easier to budget on, and is likely to be a lot less expensive than a tonne of software developers hired in-house.

This outsourcing can take a huge weight off of the shoulders of any startup founder and the overall product could not only be the difference between a good one or a great one, but it could even be the difference between a successful and failed business.

Check out a [software development outsourcing](https://selleo.com/custom-software-development-company) team with a bunch of great case studies to their name that will prove to you how helpful they can be to your own project. At Selleo, we have plenty of satisfied clients.

**[Reach out](https://selleo.com/contact) for a consultation today to find out more about the costs, time frame and more so that you can compare them against any other potential options you have on your radar.**

Building an app in 2022 is… pretty costly. It can cost as much as $137,000 for a sophisticated app or even $50,000-$70,000 for a standard app. Read the post to find out more!

How Much Does it Cost to Build an App in 2022?

\[TOC\]

Picture this:

You experienced a eureka moment where a software idea came to mind. This idea, according to you, will transform lives and disrupt your industry. You end up in seventh heaven, so high that you forgot to validate your idea before your launch date. **Unfortunately**, reality turned out differently.

Your anticipated launch day came bearing crickets. The following months weren’t any better. Your software is embattled with bugs. Complaints dominated your review section. The only people who occasionally use your product are your family and friends.

Your product flopped and the only option moving forward is either you rebuild or quit.

This imagined scenario is not different from the [66% of IT projects that end in partial or total failure](https://www.atlascode.com/blog/why-software-projects-fail/#:\~:text=According%20to%20Standish%20Group's%20Annual,in%20partial%20or%20total%20failure.&text=Despite%20larger%20projects%20being%20more,fail%20one%20in%20ten%20times.) (According to Standish Group’s Annual CHAOS report). Many of these projects most likely wouldn’t have flopped if their concepts got validated before their launch.

Idea validation is to software development as architectural design is to house building. Before you commit your resources to grow a software, you need to validate its concept with users and stakeholders. This is where **software prototyping** comes in.

Keep reading to discover the meaning of software prototyping, why you need it, and its best practices.

## What is Software Prototyping?

![Img](https://a.storyblok.com/f/86602/1500x868/121890fed9/what-is-software-prototyping.jpg)

A **prototype** is a model version of a product. It is used as an early and less expensive sample of a product that allows to test its features, gather feedback and identify defects.

In **software development**, prototyping means nothing less than creating incomplete versions of a software product before it is finalized. It refers to the process of visualizing a software product before it has been created. When you run your prototypes, there is a lot that can be taken into consideration which also improves the workflow of the process.

Here is the typical prototyping process in software development:

1. The dev team develops or refine a prototype,
2. Selected customers use the prototype,
3. After using the prototype, customers will provide feedback which the dev team will then use to improve the prototype until it is acceptable enough to form the basis for creating the final product.

Before you begin prototyping, you need to choose the right prototype for your project. This is where fidelity becomes important. A prototype’s fidelity depicts the detail and realism of the intended product. It ranges between two extremes, namely:

* Low-fidelity
* High-fidelity

<Baner name={design} />

**Low-fidelity (lo-fi) prototyping:** Sometimes called wire frames, these quick and inexpensive prototypes are effortless to make, thereby leaving room for **flexibility and creativity**. They can be used to gather user feedback during the early stage. The only downside to lo-fi prototyping is the lack of aesthetical extravaganza. But on the brighter side, they can present the primary features of a solution effectively. Low-fidelity prototypes are optimal for:

* Working on ideas in progress
* Presenting the basic idea of a solution
* Displaying the early developments of work
* Creating basic design work
* Authenticating the primary functionalities of a product with the whole team

High-fidelity (hi-fi) prototyping: Hi-fi prototypes depict the intended solution as perfectly as possible. They present the final **product functionalities** along with its intended aesthetic display. If done right, they are easily accessible, aesthetically polished, and a ready base for future development. High-fidelity prototypes are best for:

* Presenting the nearly completed idea to stakeholders,
* Testing your idea before spending a huge budget,
* Completing the design process,
* Evaluating the developed usability of your intended solution,

## Types of Software Prototyping

![Img](https://a.storyblok.com/f/86602/720x327/b5fd00c063/types-of-software-prototyping.jpg)

Here are the types of prototyping in software development:

### Rapid Prototyping

Also known as throwaway/close-end prototyping, rapid prototyping requires little effort and requirement analysis. During its time of relevance, it undergoes cycles of feedback, modification, and evaluation. It becomes a great reference for designers and developers. The prototyping gets discarded once stakeholders understand the product’s actual requirements.

### Evolutionary Prototyping

An evolutionary prototype is a piece of functional software with minimal functionality on which future prototypes for the entire system can be designed. It cannot satisfy every customer’s needs, but it is a great start.

### Incremental Prototyping

Incremental prototyping entails creating functional prototypes for various subsystems and combining them to form a full system. If you are building enterprise software with many loosely related modules and components, incremental prototyping is the best option for you.

### Extreme Prototyping

This prototyping is mostly applied in the web application development domain. Usually, extreme prototyping runs through three phases:

* Present basic prototypes with existing pages in HTML format. These pages have limited interactivity but are adequate to demonstrate the different user journeys while using the application.
* You use a prototype service layer to stimulate data processing.
* You integrate and implement the services into the final prototype.

It gives strong prioritization to UI design and development before implementing any of the actual services. This is what makes this prototyping “extreme.” The user can see and interact with the prototype as if it is the actual product.

<ReadMore> Read also: [Why Discovery Phase Is Essential For Startups?](https://selleo.com/blog/why-discovery-phase-is-essential-for-startups) </ReadMore>

## Why Should I Care about Software Prototyping?

You may have everything about your software idea perfect in theory, making you confident and assured of success. Nonetheless, you need to validate your idea, and prototyping can help achieve that.

**How so?**

Prototypes give stakeholders an idea of how and what the final product will be. This makes it easy for clients to understand your software concept even if it is complex in theory. Additionally, software prototyping allows you to streamline your product and remove useless functions.

### What are the advantages of prototyping?

* **Improved and increased user involvement:** By including end-users in the testing process and using your prototype as a training model, your users become part of your building process and understand your product long before development begins. In the long run, expectations get managed better.
* **Reduction of time and risk:** Software prototyping leaves space for the easy detection of defects and missing functionalities before your product gets launched. You also receive feedback that can guide you to work on the right things.
* **Leads to greater creativity:** The intense and collaborative nature of software prototyping enables a free flow of ideas and smooth exchange between the dev team and clients, leading to different modifications in the prototype, which can then become a perfect product.

## What are the Prototyping Model Phases?

![Img](https://a.storyblok.com/f/86602/1500x1316/07131d3eaa/prototyping-model-phases-2.jpg)

The typical prototyping model comprises the following phases:

**Phase 1: Gathering of requirements and analysis.** A prototyping model starts with analyzing gathered requirements to understand their correctness and the feasibility of converting them into a product.

**Phase 2: Preliminary design.** Here, a basic design of the planned finished product gets ideated and created. This simple design conveys a brief idea of the system to the user.

**Phase 3: Create a prototype.** This stage involves using the previously created design to create a working model of the required software.

**Phase 4: Initial user evaluation.** At this point, the client receives the proposed system so they can operate an initial evaluation. This evaluation becomes useful in discovering the prototype’s strengths and weaknesses.

**Phase 5: Perfecting prototype.** If the client is not satisfied with the prototype, it has to be refined to reflect their feedback and suggestions. Ergo, this stage doesn’t end until the model satisfies the user’s requirements. Once the user likes the evolved prototype, a final model gets developed based on it.

**Phase 6: Produce and maintain.** After the final model is developed based on the approved prototype, it undergoes an all-out test and, subsequently, production. After that, regular review and maintenance are carried out to minimize defects and failures.

<Baner name={software-development} />

## Ways of Preparing a Prototype

**Sketches and diagrams:** Sketches are best for translating ideas at the early stages of the typical prototyping process into reality. On the other hand, diagrams come in handy in distilling complex situations.

**Storyboards:** As a prototyping method, storyboarding is useful for generating noteworthy ideas and cultivating an understanding of users.

**Role play:** The role play technique involves recording and displaying the emotional experience a user will have when using a product. Role plays are versatile, but they are best used for stimulating the user’s environment.

**Paper prototyping:** This method is relevant in the prototyping of digital products. It is affordable, simple, and effective in uncovering usability challenges.

![Img](https://a.storyblok.com/f/86602/720x422/06e778b98f/paper-prototyping.jpg)

**Mockups:** A mockup is a simple visual representation made for presentation purposes. They are a replica of a finished product at first glance. The only difference is, they lack prominent functionalities.

**Wire frames:** Wire frames deal with the structural parts of a product’s user interface (UI) and define a feature’s functional processes. They are the core of a UI, holding it together even when graphics, colors, and other design elements are absent. To get started with wire frames, you can either use a paper and pen or take it further by using bespoke software programs such as **Proto.io, Balsamiq, and Sketch**.

**Prototyping with explanatory videos:** With the help of explanatory videos acting as an MVP, a team can communicate the simple definition of a product’s purpose and features. Users can understand how a product works without using its final form yet.

## Best Practices of Software Prototyping

Notwithstanding its numerous advantages, software prototyping is not without its cons. Some of these disadvantages include:

* Confusing prototypes might lead to additional cost and time
* Functional difficulty might occur if the prototype differs from the original product
* Rushed prototypes can cause substandard deliverables

To prevent getting your project sabotaged by any of these cons, here are best practices you can adopt:

1. **Choose** the right type of prototype for your project.
2. **Invest time** into planning your prototype and document your processes to keep your team members in the loop.
3. **Try to understand** both user and designer’s approaches, along with the potential clashes, before aligning them.
4. **Be open** to trying new concepts and quantum leaps during the prototyping or deploying process.
5. **Meet with your team** regularly to prevent project delay
6. **Make features a high priority** when implementing your prototype

## What are the Most Popular Prototyping Tools

The most basic tool used for prototyping is a plain sheet of paper. It is understandably the fastest and cheapest way to create a product prototype. But what if you crave something more computer-based? Here’s the list of the most common prototyping tools:

* [Miro](https://miro.com/) \- This is a collaborative whiteboard platform where teams of any size can get work done.
* [InVision](https://www.invisionapp.com/) \- This design platform can assist you with prototyping, collaboration, and application design.
* [Figma](https://www.figma.com/) \- You can use this cloud-based platform to design and share prototypes among your team members.
* [Adobe XD](https://www.adobe.com/products/xd.html) \- This is a versatile, on-premise tool that you can use to create designs for mobile and web through prototyping and collaboration.
* [Balsamiq](https://balsamiq.com/) \- If you have a lean team, this wireframing software is the best option for you. You can use it to share your prototypes, control versions, and conduct user tests.
* [Axure](https://www.axure.com/) \- This is a comprehensive software design tool you can use to facilitate your prototypes, diagrams, and specifications.

<ReadMore> Read also: [Outsourcing Software Development: MVP, Proof of Concept, Prototyping](https://selleo.com/blog/mvp-proof-of-concept-prototyping) </ReadMore>

## Other methods of validating your idea

These two techniques can be used as a quick and less expensive way to validate a product or idea, but keep in mind, they are not equal.

### Proof of concept (PoC)

The PoC is a method done to test a concept’s viability. A PoC well done can help you determine if an idea is worth pursuing. While prototyping shows how a product can be developed, PoC shows if it can be done in the first place.

### Minimum Viable Product (MVP)

An [MVP](https://selleo.com/blog/mvp-app-development) is the first example of a product. Not only does it possess product readiness, but it also has enough features to satisfy early customers and motivate them to drop feedback for future development. Think of [MVP](https://selleo.com/blog/why-mvp-development-should-be-outsourced) as the advanced version of a prototype.

## Conclusion

No one wants a product that won’t be useful for the end-users who need it. And so, software prototyping should be a go-to strategy for your organization. That way, you reduce risks, save money, and improve the user experience. If you prefer to test your ideas without **prototyping, MVP and PoC** are viable alternatives you can equally consider. Prototyping is not without its flaws, though. Be sure to implement at least five of the highlighted best practices in this article if you want to prevent a flop.

At Selleo, we have a team of the best and **most skillful developers** who can fulfill all your software development needs. If you need any guidance, [contact us now](https://selleo.com/contact)!

In this article, you will discover the meaning of software prototyping and learn why you need it for your business.

What Is Software Prototyping And Why Do You Need It?

Bringing a new idea into existence is a considerable risk. You may have a great idea, and it seems like it would work well, but do you know if you can successfully implement it or not? Here comes Minimum-Viable-Product (MVP) to the rescue.

At Selleo, we regarded MVP as the best way for risk reduction, the highest investment returns, and in general, faster time-to-market. Inspired by the success stories of giants like Airbnb, Uber, Twitter, and Netflix, MVP has become the talk of the town. Today we will discuss MVP, from definition to best practices - everything that you need to know.

\[TOC\]

## What is MVP (Minimum Viable Product) App Development?

Minimum Viable Product is a version of a product with limited features. It allows us to get a general understanding of the final product and learn how to use it as well as to test the product and make amendments later based on customers' feedback.

## Why Should You Create MVP in the First Place?

![Img](https://a.storyblok.com/f/86602/720x384/a9d94584b7/why-should-you-create-mvp-app-development-in-the-first-place.jpg)  
There are quite a few benefits coming from building an MVP including a decreased delivery time and a more flexible approach to development. Here are some of the other advantages of using MVP:

### Focus on the Core Value Proposition

An MVP app concentrates on a single concept and does not include any other features. Having some of the most important but least expensive features might help you save money on development. Building an MVP enables the application to be tested with the least amount of risk.

### Lower Costs

When creating an MVP, you concentrate on a small number of features, a minimal app design, and addressing problems for your target audience. This strategy allows businesses to launch with less money, time, and effort and swiftly discover their first clients. You can also save money and outsource to the best [MVP App development company](https://selleo.com/blog/why-mvp-development-should-be-outsourced) instead of building an in-house team.

### Identifying Drawbacks

An MVP allows you to learn what your potential consumers think about your ultimate product and how they want to view it. You can rapidly pinpoint the major issues and resolve them in the upcoming release due to the feedback from users.

### Building a Relationship with Customers

Because you rely on their early comments to integrate more features into the service, an MVP helps you develop a closer connection with customers. This demonstrates that you appreciate their feedback. It can also assist you in figuring out if your app is suitable for your target market.

### Reduce Remakes

Because the product's core is evaluated with an MVP, it is less likely that the complete product will need to be redesigned and rebuilt.

### Attract Investors

For enticing investors, starting a firm with a well-performing minimum valued product might be vital. If your MVP is well-received, it will demonstrate that your business concept is viable. As a result, finding funding for future development will be considerably easier for you.

<Baner name={frontend-developers} />

## Can I skip MVP?

Businesses that don’t assess the viability of business ideas fail to withstand the fierce market competition. An MVP is the most convenient and effective way to collect the initial feedback from users and improve the product accordingly.

According to the [US Bureau of Labor Statistics](https://www.bls.gov/bdm/us_age_naics_00_table7.txt):

* 20% of new startups fail in the first year.
* 34% of startups close within the first 2 years.
* More than 50% of startups remaining after the second year close by the fifth year.
* Only 30% of startups reached a milestone of 10 years.

According to [CBInsights](https://www.cbinsights.com/research/startup-failure-reasons-top/), back in 2019, 42% of startups didn’t offer any worthy solution for market needs and failed to sustain their existence.

**Did you know?**

* Buffer, a platform whose foundation is based on MVP, had attracted [one million users worldwide](https://buffer.com/resources/from-0-to-1000000-users-the-journey-and-statistics-of-buffer/) within 3 years of its launch.
* Shopify, another MVP-based platform, had about [286 million monthly active users](https://www.businessofapps.com/data/spotify-statistics/) by the end of Q1 of 2020.
* Uber, a ride-hailing service has[ expanded into 83 countries](https://techstory.in/the-uber-story/#:\~:text=Uber's%20story%20originated%20in%20Paris,had%20co%2Dfounded%20for%20millions.&text=March%202009%2C%20Uber%20was%20founded%20as%20UberCab%2C%20a%20taxi%20service.) in 2018, resulting in $2.5 billion in revenue.

Now, the choice is yours. Would you like to be among businesses that make millions, or would you like to skip MVP and fail in the first year of your business?

## 6 Steps of MVP App Development

Now that we have established the understanding of a Minimum Viable Product and its advantages, let's figure out how to build an MVP in 6 steps.

![Img](https://a.storyblok.com/f/86602/720x422/41b279c6de/6-steps-of-mvp.jpg)

### Step # 1: Define Your Business & Customers

To characterize your company, you'll have to go deep into who your customers are, what behaviors they have, what issues they face in their lives, and how you can assist them in overcoming those issues. Many websites, such as [Swagbucks](https://www.swagbucks.com/), [OnePoll](https://www.onepoll.com/), and [Toluna](https://tolunacorporate.com/), may assist you in constructing a complete picture of your target customer.

The first recommendation is to double-check the answers to these questions.

* How will my product address user issues?
* What is the size of the market I'd want to enter?
* Will my application be just another tool on the market, or will it launch a new category?

You may express your business concept using a [business model canvas](https://themindstudios.com/blog/business-model-canvas-for-mobile-app/) to accomplish the task. A business model canvas will show you exactly what difficulties your target customer is experiencing and how your solution will address them. You should only go to the next step after validating the viability of your business idea.

<ReadMore> Read also: [Outsourcing Software Development: MVP, Proof of Concept, Prototyping](https://selleo.com/blog/mvp-proof-of-concept-prototyping) </ReadMore>

### Step # 2: Validate your Idea

After you've figured out your market and identified the gap between existing companies and users, the following stage is to look for ways to close it.

Keeping tabs on your competition will provide you with a wealth of knowledge about your potential customers. Begin by looking at your competitors' websites to see what features they have and how they connect with their customers. Then, by visiting product review sites like G2, Capterra, or even social media accounts, compare the companies' statements with what customers say about the application. Validate your concept to see whether it's worth your time and money.

### Step # 3: Define the Process

We must first identify process phases before we can create the primary user flow. This is fairly simple since all you have to do is outline the actions necessary to achieve the key aim of your product. At this stage, you should focus less on specific features and more on fundamental activities like "find shirts," "buy joggers," "manage customer orders," and "receive orders." These are the kinds of objectives that your customers will pursue when they utilize your product. We may then specify features for each stage once all of these process phases have been specified.

### Step # 4: Prioritize your Features

![Img](https://a.storyblok.com/f/86602/720x422/8d5ac92c72/prioritize-your-features.jpg)

Distinguish between must-have and nice-to-have features. Creating a prioritization matrix is one way to arrange your thoughts. Remember to emphasize the qualities that will help you stand out from your underperforming competition. It is an important milestone in the development of your MVP app. All of your teams must be on board.

Follow these steps to prioritize features:

**Ask as a business:** What is the most important action that you want your users to accomplish? What will be the main feature?

**Ask as a business:** What other features do you need to include in the app? How many of these features are not a priority and can be excluded in the beta version.

Now sort the remaining characteristics into three groups: "must-have," "nice-to-have," and "don't care." This approach might be aided by using the Story Mapping methodology. You may create a matrix with a horizontal row representing important process stages (our user flow) and several features allocated to each step under each phase.

### Step # 5: Development

You will need roughly three months to complete the MVP design and development stage once you've validated the core concept of your app and established the basic usability and user flow. Start by wireframing the primary screens and navigation techniques for the web, iOS, and Android platforms. You may attempt one platform for your MVP to save time and money and add more platforms afterward. Cross-platform development is another option for making your MVP less expensive and faster.

Users should not be overburdened by complicated, time-consuming, and costly UI components and animations when viewing your MVP displays. You may also engage with an outsourcing firm with a team of experts that can assist you in developing the best design and development process.

<ReadMore> Read also: [Outsourcing ReactJS Development Services | Learn How To Do It Right](https://selleo.com/blog/outsourcing-reactjs-development-services) </ReadMore>

### Step # 6: Build, Launch and Learn

When a product's development is nearly complete, it must be tested. In most instances, friends and family, alpha testing is also known as a Friends & Family release. When we talk about beta testing, we're referring to the process of releasing a product into the wild to be tested by actual people. The duration of beta testing varies, but it usually takes 1–2 weeks to receive enough input. You may decide to make adjustments in subsequent versions of your product based on feedback from beta testing. Keep in mind that only the most critical adjustments should be implemented right away.

## Must Remember Tips for Creating MVP App

As you can see, creating a well-balanced MVP is a skillful art. In this section of our article, we have compiled a list of some of the greatest strategies to assist the MVP development team in turning their amazing company ideas into long-term, successful apps.

![Img](https://a.storyblok.com/f/86602/720x553/ed4056ac5a/how-not-to-build-2.jpg)

### Keep the Big Picture of your Business

When creating an MVP, a company should retain an open mind and consider the broad picture. Prioritize the steps and procedures, and keep the final objective in mind at all times.

### Target Audience

You are making an app for your target audience. Thus it needs to be appealing to them. Otherwise, it's pointless. Before beginning the development process, a company might conduct surveys to learn about the demands of their target market.

### Right People and Futuristic Deadlines

To be successful, you must have the proper team, the necessary talents, and tight collaboration. To enhance your products, seek out specialists that can provide you with feedback in both development and business sectors.

### Find your Actual Minimum

If you watched [Eric Ries' video](https://www.youtube.com/watch?v=1FoCbbbcYT8), you'll see that he presents a formula for establishing your MVP's basic requirements. This is how it goes:

> ## No. of minimum features you think you need / 8 = The True Minimum

Well, maybe what features we think are best for the audience, they might find them useless.

There can be three possibilities:

* Your target audience hates your app
* Your target audience is okay with it but doesn’t love it
* Your target audience loves the app as it is.

In short, the app should be salable and as per the need of your target audience.

<Baner name={software-development} />

### The App Monetization Strategies

Set your business app monetization strategy. Decide whether your app will be:

* Freemium app that earns revenue from advertisements
* Subscription-based app that earns by selling subscriptions
* An e-commerce Merchandising selling app which earns profit by selling products of different producers
* In-App Purchases that earns revenue by selling commodities from within the app
* Transaction based that charges Fee over each transaction

## Measuring & Setting KPI's for MVP

As an entrepreneur, you should use actionable analytics to make decisions. They're what you'll need to get your concept off the ground. You need techniques to quantify a product's success or failure to be viable, and the metrics must be integrated into the product definition from the beginning.

### What are the Key MVP Metrics for most Startups?

Standard MVP metrics for most startups include:

* **Churn Rate**: the percentage of customers who have discontinued their subscription in a given period
* **Customer Acquisition Cost (CAC)**: the average cost of acquiring a customer
* **Monthly Recurring Revenue (MRR)**: the monthly projected revenue a company can expect to earn
* **The Lifetime Value of a Customer (LTVC)**: the expected profit from a customer over the whole of their time using the product
* **The Average Revenue per User (ARPU)**: the average income received from each customer

## 5 Most Common Mistakes to Avoid when Developing MVP

![Img](https://a.storyblok.com/f/86602/720x422/4fd9062b85/5-most-common-mistakes.jpg)

### Mistake 1 — Wrong Product Strategy

The soul of your company is your product strategy. Here are some signs that your product strategy isn't working:

* The issue you're trying to solve is entirely unimportant. When an MVP is nearly finished, the owner may be surprised to discover that the product is unnecessary.
* Your marketing and sales strategies are in a state of flux. What are the demographics of the people you want to reach? What will it cost to get the first 100 people to sign up? What are the sources of users? You've got a lousy product strategy if you have no answers.
* You won't be able to pinpoint your primary distinction. How fierce is the competition? Are you entering a market that has yet to be mastered? Or are you jumping into a business shark-infested pool? Whatever it is, you must understand what will propel your web product to the top.

**What can Help?**

* Communicating with consumers who confront challenges regularly might spark a brilliant idea for your product that will give a dependable solution for your users.
* You can engage a remote specialist or outsource your marketing to a third-party firm if you don't have a skilled in-house marketer.
* Define your vision clearly.

### Mistake 2 — Ineffective Development Process

Having the right team, process and skills are as important for your app's success as water to live and air to breath.

How do you know that the MVP isn't overloaded or at the minimal side?

* If it takes you more than three months to create your MVP, then there is a problem.
* Many brilliant concept creators expect to see a fully functional app at the MVP stage. Adding more features, on the other hand, is a waste of time and money because new features are unlikely to be useful to target users but will cause the MVP release to be delayed.
* If you postponed bug fixes after building your MVP.

**What can Help?**

* Commit to an agile methodology. Complicated needs should be broken down into multiple basic features. Then establish timelines for each feature and stick to them.
* Begin with an MVP prototype. A prototype aids in the definition and visualization of critical aspects of a high-fidelity MVP so that the user experience may be built.
* Goldilocks quality is the best approach, introduced by Daniel Burka - a Google Ventures design partner.

### Mistake 3 — Underperforming Team

If your startup's product strategy is its engine, then your development staff is its fuel. Let's look at how the amount of expertise of your web developers affects the implementation of your business project:

* Members of your web development team with low skill levels work slowly, make mistakes, and neglect the backlog.
* If your development staff is overloaded, you may need to employ more web developers, UI/UX designers, QA testers, or project managers. However, you'll most likely go over your budget in the process.
* When you receive your first user feedback, they may bring out certain flaws in your MVP. Since an inexperienced development team is unlikely to deal with these flaws, improving your MVP will be impossible.

![Img](https://a.storyblok.com/f/86602/720x422/c4c8be0e35/underperforming-team.jpg)

**What you can do to avoid this:**

* If you're constantly experiencing delays with critical jobs, appoint someone to be in charge of ensuring that developers stay on track.
* Hold seminars for product discovery.
* You may hire trained professionals for your in-house team, hire individual freelancers, or outsource your development to a web development firm with expertise in developing apps in your sector.

### Mistake 4 — Feedback Errors

The purpose of creating an MVP is to get feedback. Despite the importance of feedback, it can occasionally lead you to the incorrect path in terms of progress.

Feedback may be misleading when:

* If your family and friends aren't in your target demographic, they aren't likely to utilize your web product and can't provide you with useful feedback.
* Many people believe that receiving a lot of feedback is a good thing. However, too much feedback might cause you to pivot when developing your MVP quickly.
* Quantitative feedback tells you how many and how much there are, but qualitative feedback tells you why. The image of how users feel about your web application will be inadequate if you exclude either of these perspectives.

**Possible Solutions:**

* Not everyone is a potential user - Accept it.
* Take a look at the most crucial feedback from which you wish to learn. You can categorize client feedback by its value, source, or bug kind, for example.
* When determining what's missing and what's unnecessary, consider both quantitative and qualitative feedback.

### Mistake 5 - Missing the Prototyping Phase

Even the MVP requires prototyping because it is a functioning product. Many companies have been known to jump right into MVP development, with simply a list of essential features and a hazy sense of how it should appear.

Collaborate with the design team to produce a project wireframe collaboratively. Outline the different user paths and visualize how the product should appear. You don't want to begin developing and then change your mind halfway through. This is why prototyping is so important before creating an MVP. It will assist you in avoiding significant future hassles.

## Final Thoughts

Whenever you are going for web or app development, there is always a goal behind it. Keep the mind focused on your goal and plan everything accordingly. If you don't have in-house skilled professionals for MVP development, consider outsourcing the project to a trusted development company.

Double-check the arrangement of communication and the correlation of their portfolio to your desired tech stack before picking a development agency to collaborate with.

**If you are currently looking for an experienced partner to help you develop an MVP, check out [Selleo teams](https://selleo.com/custom-software-development-company). Our skilled developers will be more than happy to discuss your product.**

Learn how MVP can help you lay the foundation for your business success. How to create an MVP product that will sell itself? Learn the art of MVP that brings your business a step closer to achieving your business goals.

MVP App Development | The Art Of Building A Product That Will Sell

## What are the differences and when do you need them?

Proof of Concept, Prototype, and Minimum Viable Product (MVP) are the three most common words you will hear during any software development. Each of those words describes a version of a finished product but at different stages of completion so it is very easy to get confused.

This post will guide all CTOs and Product Owners to learn how to start their software development. Having know-how of these three words is very important as these terms help in planning and defining the project. It is the most important part of the software development process.

So, let’s get started.

\[TOC\]

## Proof of Concept (POC) -  Everything You Need to Know

Here we will explain POC in detail from its definition to uses and benefits.

### What is Proof of Concept in IT?

A proof of concept is a bare-bones feasibility test of your central premise that determines whether or not an idea can be achieved.

A proof of concept only covers a portion of our potential product. Many POCs that discuss each of the features and functionality can thoroughly evaluate a complex idea.

### What are the Main Points of POC?

The main points of POC are:

1. The concept addresses the basic question: Can a product be built or not?
2. It tests the assumption for the real-life final product
3. It helps to define the idea, functionality, feasibility of a product
4. It is a theoretical demo to see if the product is possible

### When to use Proof of Concept?

**#1: When you are Upgrading your Product with Latest Technology**

At this point, a proof-of-concept helps you to assess the new feature's viability without putting the company at risk.

**#2: When you are Boosting an Existing Technology**

POC can help to determine which option is the best. It is possible to test hypotheses without actually designing a product. This helps businesses save valuable time and money.

**#3: When you are using Third-Party Solution for your Project**

Using a third-party solution is often risky, so conducting a feasibility check before deciding on a solution will save you a lot of time. A perfect example would be integrating a payment system into your app. Before you begin integrating the solution, make sure the technology is feasible.

### Top 3 Advantages of Proof of Concept

![Img](https://a.storyblok.com/f/86602/720x307/45522c3add/top-3-advantages-of-proof-of-concept.jpg)

The top 3 advantages of POC are as follow:

**1. Project Managers can Identify Potential Risks and Hurdles**

Creating a proof of concept helps project managers in identifying potential threats and barriers in the development process. Managers should predict challenges and schedule their projects accordingly while still planning, rather than discovering them before or after the product release. It helps them to eliminate risks and obstacles.

While the POC cannot guarantee a smooth execution of project management fundamentals, it can improve the product's chances of success.

**2. Helps Develop Feasibility Report for Stakeholders**

Before project managers may ask for funds for their plan, they must first convince their stakeholders that the investment is worthwhile.

They will demonstrate the idea's usability and viability through POCs. They can clearly illustrate the benefits of the proposed product to the company's operations, brand image, and customer relations, among other things.

**3. Project Leaders can Forecast Future Chances for Scalability**

When project managers consider developing a product, they and their stakeholders almost always expect it to be scaled up. As a result, project managers may use POCs to check the viability of a concept and its scalability, whether it is done immediately or over time. When in the proposal stage, POCs will assist project managers in addressing scope creep.

<Baner name={software-development} />

### 6 Easy POC Templates for Software Developers

To aid in the planning and to execute upcoming IT projects, we've compiled a list of free proof-of-concept models, and examples found online.

**Template # 1 - Commonwealth of Pennsylvania, Department of Public Welfare**

This [detailed proof-of-concept document](https://www.dhs.pa.gov/providers/Providers/Documents/Business%20and%20Tech%20Standards/Applicaiton%20Domain/Proof%20of%20Concept%20-%20Pilot%20Guideline.doc) was created by two IT executives ten years ago and continues to be a helpful method to create a proof-of-concept for custom-built market offerings and new technology investments. The document gives comprehensive descriptions for the POC process's preparation, monitoring, and performance and a helpful template at the end.

**Template # 2 -  Intel**

[Intel's step-by-step guide](https://www.intel.com/content/www/us/en/analytics/artificial-intelligence/ai-proof-of-concept-for-enterprise-applications.html) explains how to create a good proof of concept for AI applications. Business leaders can use Intel's proof-of-concept template to scale various AI-based solutions and decide which is the best match, given the rapid proliferation of AI and many other automation technologies in the enterprise.

**Template # 3 -  Toolbox.com**

This sampling technology [proof-of-concept template](https://it.toolbox.com/blogs/craigborysowich/technology-proof-of-concept-sample-030510) explained how to outline a methodology for any size POC and determine the required technological environment and expected requirements for a new system in detail.

**Template # 4 - Designli LLC**

Prove necessity, map weak points to solutions and get feedback, test the idea, evaluate, and build a minimum viable product are five steps offered by software firm Designli for [effective software development](https://designli.co/blog/5-steps-proof-concept-successful-software-development/).

**Template # 5 - Accelerator Research and Innovation for European Science and Society (ARIES)**

The [proof-of-concept proposal](https://app.grammarly.com/ddocs/1146519889) map created by ARIES is a good example of a simple template that can be used in various industries. The prototype includes six parameters, each of which is annotated with questions and other information that explains what is expected of each.

**Template # 6 - Mervyn George**

Mervyn George, a tech advisor, and the author take to LinkedIn to give [six software proof-of-concept](https://www.linkedin.com/pulse/20140828131241-10893657-the-software-proof-of-concept-6-vital-components-for-success/) progress components: recognizing the team, defining success, aligning goals, expecting a win-win result, clarifying next steps from the start, collecting input, learning, and evolving.

Now, let’s move on to Prototype.

<ReadMore> Read also: [How To Develop A Mobile App - Best Practices](https://selleo.com/blog/how-to-develop-a-mobile-app-best-practices) </ReadMore>

## Prototype - How will my Application Look Alike?

Let’s get into more details for Prototype and its uses.

### What is Prototyping in Software Development?

It's a tool for quickly validating a concept with users and stakeholders before committing to growth. The prototype's primary aim is to aid in product creation decisions and reduce the number of errors.

#### Advantages of Software Prototyping:

1. Increased user involvement in the product before implementation.
2. The users get a better understanding of the system being developed.
3. Defects can be detected earlier.
4. Quicker user feedback.
5. Missing or difficult functions can be identified easier.

#### Disadvantages of Software Prototyping:

1. Costly and time-consuming process.
2. Difficult for developers because of changing customer requirements.
3. The system may expand beyond the original plans.
4. If the customer is not satisfied from the very beginning he/she might lose interest.

### What are the Types of Software Prototyping?

![Img](https://a.storyblok.com/f/86602/720x307/328b6be2c8/types-of-software-prototyping.jpg)

Software prototypes are primarily of the following styles for various projects in different categories:

**Rapid Prototyping**

Rapid prototyping, also known as throwaway prototyping, requires minimal effort and requirement analysis. It is discarded as soon as the actual device is established based on the prototype's understanding, as the name implies.

**Evolutionary Prototyping**

This starts with the bare minimum of the functionality on which potential prototypes for the entire system can be designed. It's a step-by-step evolutionary method for collecting requirements.

**Incremental Prototyping**

Similar to evolutionary prototyping, incremental prototyping entails creating several prototypes for various subsystems and then combining them to form a full system.

**Extreme Prototyping**

Extreme prototyping is divided into three stages and is recommended for web development projects. In the next step, the data processing is simulated using the initial prototype, which contains all existing pages. In the end, the prototype incorporates the services.

**Software Prototyping - Application**

Software prototyping is the way to go if you have a lot of user interface specifications.

This prototyping can get a close approximation of the actual program for your online systems to fill out the form and numerous other needs.

### When to use Prototyping?

Organizations must determine whether prototyping is beneficial to a specific project on a case-by-case basis. Here are a few things to think about and scenarios where prototyping makes sense:

* When the requirements of the product are not clear to the team.
* When the demands of the product are unstable and change quickly
* When there are software-intensive and complex systems that need experimentation and minimum risk
* Big projects with tight timelines and deliverables

### What are the Best Practices of Prototyping?

Always use the prototype for complicated and perplexing specifications.

* Plan the prototype well and record it for the team to follow
* Have meetings with the team to ensure the project is on schedule and not delayed
* There should be a sync between the users and the designer's methodology with an understanding of potential problems and pitfalls
* Do not be afraid of new concepts and improvements throughout the process or when deploying.
* Prioritize the features while integrating them into the prototype
* The first step in obtaining an accurate prototype is to choose the appropriate type of prototype.

![Img](https://a.storyblok.com/f/86602/720x408/955a548e46/the-best-practices-of-prototyping.jpg)

And, now it is time to learn details about the Minimum Viable Product (MVP).

<Baner name={agile-team} />

## MVP - What to do to Achieve your Business Goal?

In this section of the blog, you will get to know everything about MVP.

### What Is a Minimum Viable Product?

A minimum viable product, or MVP, is a publicly available version of a product that allows teams to benefit from customer input.

A minimum viable product (MVP) is the most basic but well-polished version of the final product. It is released to the market with only minor flaws.

### Top 3 Reasons to Create MVP

Let’s look at each reason one by one.

**Reason # 1: Focus on Building the Core**

An MVP app focuses on a single concept and does not have any other features. The MVP strategy is consistent with the lean startup philosophy of creating the best product with a small budget in a short period. Having some of the most important but least essential features will help to reduce the cost of the MVP. The MVP enables the app to be reviewed with little risk.

**Reason # 2: It’s Budget-Friendly**

This is also another significant benefit, as it prevents you from wasting all of your money right away on items that may or may not succeed. It is recommended to build an MVP because it is a simple way to improve the mobile development strategy.

**Reason # 3: It Allows Market Validation**

An MVP will assist you in determining if your app is appropriate for your target market. It should effectively introduce your brand to consumers and demonstrate how your project differs from those in its category.

### 4 Steps to Follow When Building MVP

Here’re the four steps for building an MVP.

![Img](https://a.storyblok.com/f/86602/720x408/5704798f29/4-steps-to-follow-when-building-mvp.jpg)

**Step 1: Identify and Understand your Market and Product Needs**

The first step is to determine if there is a commercial demand for your product. It's also important to look at what your rivals are doing and figure out how to make your product stand out. This will assist you in determining what type of mobile product you need to be effective.

You need to set your goals and success criteria:

* **Long-Term Goals -** Once you've decided that there is a market for your product, you should set a long-term business goal: what do you want to achieve? E.g., if you own a coffee shop chain, you may want to reduce checkout time by 30% in the long run.
* **Success Criteria -** Next, determine what factors will determine the product's performance.

**Step 2: Define and Design User Journey**

It is important to develop the mobile app with the end-user in mind. This will allow you to examine the product from the user's point of view, from opening the app to achieving an end objective, such as making a purchase. This gives you ideas for how to build the app so that it is user-friendly. Furthermore, identifying user flow and addressing users' actions to complete an end objective ensures that nothing is overlooked while keeping service quality in mind.

Things To Consider When Creating A User Journey:

* **Identify The User -** Who will be the target market for your product?
* **Identify The Actions (Jobs) -** The jobs are the steps that the user (or users) must take to meet the story's conclusion and accomplish the target.
* **Identify The Story Endings -** There will be a story ending for each user, the user's target (i.e., booking an appointment).

**Step 3: Design A Clear Plan & Gain Map**

The plan and gain chart helps you recognize all of a user's pain points and the benefits that come from addressing them. This strategy allows you to figure out where you have the most opportunity to add value. You can then concentrate your MVP on these areas while putting the less important ones on your product roadmap for later updates.

<ReadMore> Read also: [Why MVP Development Should Be Outsourced](https://selleo.com/blog/why-mvp-development-should-be-outsourced) </ReadMore>

**Step 4: Decide A List Of Features**\*

You'll tell at this point what features to include in your MVP and what features to put on your product roadmap that aren't as essential. 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 adding too many user-requested features too fast will detract from the product's overall intent and degrade the user experience. The only parts you can have should be related to the ultimate purpose of your product.

* **Opportunity Statements**

To finish what features you want to carry out, use opportunity statements. You'll want to build feature sentences at this point in the MVP creation process. For example, the opportunity statement "How could we expedite the application process?" for our Pet Adopters who are applying to adopt animals might become "Reduce application processing time by 10%."

* **Breakdown Features**

Provide a rundown of the functionality to include in the product roadmap and the customer and specific opportunity statements.

* **Prioritization Matrix**

This move assists you in determining where you will have the greatest effect concerning the feature's urgency. You can use a prioritization matrix to decide what aspects must be included in your MVP and what elements can be added later.

## So, What Will You Choose - POC, Prototype or MVP?

The answer to this question lies in another question that is “What you want to Build?”

Most innovative products need all three of them. These tactics help you analyze a product idea before investing a large number of funds in its development. Simpler ideas like Airbnb can be realized by building an MVP and further refining the product. But, you may face great losses by implementing this idea. To minimize the risk, an interactive Prototype of a product can be built. You can send it for demand estimation and customer evaluation to make an informed decision.

If you need a development team that understands the requirements of your product and develops it in a reasonable time and affordable budget, look no further. We have the best and most experienced software developer at Selleo. You can [contact us](https://selleo.com/contact) anytime for further discussions.

Proof of Concept, Prototype, and Minimum Viable Product (MVP) - each describes a version of a finished product but at different stages of completion so it is very easy to get confused.

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