Minimum Viable Product

In product development, the minimum viable product (MVP) is a strategy used for fast and quantitative market testing of a product or product feature. The term was coined by Frank Robinson and popularized by Eric Ries for web applications.It may also involve carrying out market analysis beforehand.
Posts about Minimum Viable Product
  • Physical Product Experiment [PPE #3]—Prototypes

    … of useful ones. The MVP Stage Right now, we’re nearly at the Minimum Viable Product (MVP) stage. We’ll soon have the basic components of the product—a prototype—to ship to our volunteers so they can start testing it. Once the MVP is complete, we’ll share that with our volunteers so they can go through the process of engaging with and actually…

    Pat Flynn/ The Smart Passive Income Blog- 18 readers -
  • How to Escape Hustle Mode

    … In the last post, I introduced the concept of Hustle Mode - a state of extreme focus that is necessary to get a new business off the ground quickly. As was correctly pointed out by several commenters, while Hustle Mode is a great way to make a business successful, it's not a great way to live. If you're in Hustle Mode, your health, social life…

    IM Impactin How To's- 17 readers -
  • What to Do When You Launch a Product & No One Buys… IMP#36

    … In previous posts & podcast episodes, we've talked a lot about minimum viable products, getting businesses off the ground on a shoestring budget and the value of releasing rapidly. If you follow the advice you find here, you'll soon find yourself with a product or service ready to present to the world and perhaps you even orchestrate…

    IM Impact- 11 readers -
  • What to Do When You Launch a Product & No One Buys… IMP#36

    … In previous posts & podcast episodes, we've talked a lot about minimum viable products, getting businesses off the ground on a shoestring budget and the value of releasing rapidly. If you follow the advice you find here, you'll soon find yourself with a product or service ready to present to the world and perhaps you even orchestrate a small…

    IM Impact- 21 readers -
  • How to Escape Hustle Mode

    … tied to a service. Demand for the product keeps going up and revenue keeps increasing, but things start to slowly go wrong. Maybe you can't keep up with customer support, maybe technical issues prop up and take way too long to fix, maybe the quality of your content starts to suffer (e.g. for memberships or information products). The more demand…

    IM Impactin How To's- 21 readers -
  • Deception, Disappointment & Minimum Viable Products – IMP#35

    … In previous posts, we’ve covered the importance of launching your business by creating a minimum viable product – the smallest possible version of your product idea that you can release and get a real-world response to. Personally, I swear by this approach and related concepts like the lean startup method and rapid implementation. But what…

    IM Impact- 6 readers -
  • 3 “Lean Startup” Hacks to Build a Billion-Dollar Company

    … designed to eliminate waste and increase value during the product development phase. In the startup community, and at Hootsuite, these have become virtual commandments: Lean startup hack #1 The spaghetti principle: Understanding minimum viable product Central to lean startup philosophy is the premise that it’s OK to release a work in progress…

    Hootsuitein Social- 30 readers -
  • Time Inc. taps into its inner Silicon Valley

    … of launching new products, with long lead times and at great expense, doesn’t cut it anymore. That’s why Time Inc. is borrowing the tools (and buzzwords) of Silicon Valley with a fast, lean approach to product development. Heading it up is Kevin Heery, an svp who oversees digital for Time Inc.’s lifestyle brands including Real Simple, Cooking Light…

    Lucia Moses/ Digiday- 19 readers -
  • Looking Back at 2014: Power Curves, Teamwork & Mindset Changes

    … of the year – and how it cost us a product launch and possibly 6 figures in revenue. The 2-person combo that we’ve applied to software development and that has been the driver of a lot of our success. Why I’ve become obsessed with the idea of rapid implementation – and how you can apply it to every aspect of your business (and life) to get better results. I hope you enjoyed this episode! If you have any questions or feedback, please leave a comment below. …

    IM Impact- 32 readers -
  • How to Create a Minimum Viable Information Product

    … to deliver a result and if I release an incomplete product, it won’t deliver that result, hence my MVP will be worthless. What’s 100% correct in this statement is this: an information product’s value is determined by the result it delivers. This applies to any kind of product and the misconception that is implied in the question above is that an MVP…

    IM Impactin Content How To's- 15 readers -
  • Ask Me (Almost) Anything

    … all usefulness and value?” This question also came with some further description of exactly why creating an MVP of an information product seems so impossible to do. I absolutely love this question and am working on an entire post to answer it. The second question was from Debra, who teaches gardening. In summary, she’s wondering if she should…

    IM Impactin EMail- 13 readers -
  • Is Your MVP a Minimum Viable Channel?

    … You have a minimum viable product, something that the market is excited about. What now? Perry Evans, CEO of Closely, encourages company founders to celebrate for a hot minute, then dig in because you are not done. “You don’t have a business until you’ve owned, lived, and tested your market model,” the former head of MapQuest, Jabber…

    Noah Davis/ Street Fight- 13 readers -
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