Indrajit Ghosh’s Post

View profile for Indrajit Ghosh, graphic

Senior Client Partner - Driving Revenue Growth Through Digital Transformation & State-of-the-Art Tech Enablement

#MVP ?? 🤔 It is a product with just enough features to be usable by early customers who can then provide feedback for future product development. A focus on releasing an MVP means that developers potentially avoid lengthy and unnecessary work. The three elements of an MVP are: A narrow target audience: The MVP should be targeted at a specific group of users who are most likely to be interested in the product. This will help the developers to focus on the features that are most important to these users. Useful functionality: The MVP should have enough functionality to be useful to the target audience. This doesn't mean that it has to have all of the features of the final product, but it should have the core features that will make it valuable to users. Testing and refining prior to launch: The MVP should be tested with real users to get feedback on how it can be improved. This feedback can then be used to refine the product before it is launched to the wider market. But...but....but .... If we are thinking of making a revenue based model that will generate profit for us then we shouldn't be saying that - we want to do an MVP. Let's get this facts and understanding correct. MVP is to validate a concept. Maximum it can achieve Break Even. Nothing after that.

Indrajit Ghosh Thanks for sharing the insights.

Like
Reply

To view or add a comment, sign in

Explore topics