Cryptocurrency Q&A How to decide MVP?

How to decide MVP?

KatanaSharpened KatanaSharpened Mon Nov 18 2024 | 5 answers 1220
We're developing a new product and need to determine the Minimum Viable Product (MVP). What criteria or steps should we consider to effectively identify the CORE features that will constitute our MVP? How to decide MVP?

5 answers

CryptoGuru CryptoGuru Tue Nov 19 2024
Prioritizing MVP features is the next step. This involves selecting the most critical features that will deliver the core value and addressing the primary user needs. It's important to avoid adding unnecessary features that may delay the launch and increase costs. Instead, focus on creating a simple, functional MVP that can be tested and validated in the market.

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Eleonora Eleonora Tue Nov 19 2024
Launching the MVP is the exciting part. However, it's crucial to test it with a small group of users before a full-scale launch. This will help in identifying any bugs, usability issues, and areas for improvement. Once the MVP is ready, it's time to launch it to the target audience and gather feedback.

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CryptoTitanGuard CryptoTitanGuard Tue Nov 19 2024
Building a Minimum Viable Product (MVP) begins with conducting thorough market research. This is crucial as sometimes, brilliant ideas may not align with the current market demands. Market research helps in understanding the target audience, their needs, and the gaps in the existing products or services.

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CryptoEnthusiast CryptoEnthusiast Tue Nov 19 2024
The next step is to ideate on how to add value to the product. This involves brainstorming on features that can solve the identified problems and provide a unique selling proposition. It's essential to focus on the core value that the MVP will offer to its users, ensuring that it addresses their pain points effectively.

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SakuraBlooming SakuraBlooming Tue Nov 19 2024
Once the value proposition is clear, it's time to map out the user flow. This involves creating a user journey map, which outlines how users will interact with the MVP from the moment they discover it to achieving their goals. By mapping out the user flow, you can identify potential obstacles and optimize the user experience.

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