How to build your MVP in 45 days?
Minimum Viable Product in 45 Days
Every business (new or old) needs ways to test their ideas in terms of releasing a product with essential features., a minimum viable product – an MVP, and collecting early user feedback before pouring a ton of money into that idea.
And that's wise!
Because every business establishes itself with a great deal of hope and excitement, but also a lot of questions:
Is there a market for your idea?
Will people pay for your product?
Even if market research has proved your idea has potential, are you building the right solution?
And is your product meeting user expectations?
Now, if you’re wondering, what does an MVP do? Go through the above questions once more!
Yea!, that is what an MVP does!
In today’s post, we will guide you to build an MVP in 45 days, and you will also get to know the benefits of developing one.
Building an MVP in 45 days!
Building a successful MVP relies, in part, on strategy & analysis. And it’s imperative to keep your users at the top and deliver value at every possible moment.
But getting the timing right on your MVP is crucial!
So, to build an MVP in the minimum time possible (i.e., 45 days in our case), you can follow Quokka Labs’s strategy for MVP development, as discussed briefly below.
Understand the market
Knowing what the market wants is the first step in establishing any business. Performing thorough market research and competitor analysis before investing in your app development idea is essential. And QL can help you focus on specific features that will attract potential users for your app's success, i.e., we give them reasons to try out your app, which gives your mobile app its initial traction.
Brainstorming the Inspiration/Idea
Mobile games are good if users seek to kill boredom. Similarly, your app must solve a real-world problem, and its feature should be user-centric. The more specific it is, the better. QL develops apps that solve people's problems and with high USPs (Unique Selling Points), giving creators solid points to pitch investors and helping app marketers craft campaigns - why the app is a must to try!
Stressing on User Flow and Design Process
Today, the user flow defines the success of your mobile app. And that’s why QL follows a mobile-first approach to develop the basic version of your app (an MVP - app), starting with the smallest screen to deliver the right experience to the suitable device. And we strive to enhance the user experience (both UI and UX) - people love it!
Choosing the best features based on user flow does magic. Developers at QL make sure to identify and add essential ones because we draw a fine line between - what the users want and what they need! When it's all done, we prioritize crucial features based on their usability and desirability so that they can complement the end goal of your app - satisfying the users and making them long for more.
Begin the Development Process
Once the features are defined, we begin developing an MVP for your mobile app using the latest tools and technologies such as Flutter, ReactJS, Kotlin, Java, etc., ensuring that they complement your app's end goals.
And remember, the time and cost must be minimal since that defines an MVP.
Getting the Feedback and Tweaking the Product
We rigorously test a product to ensure its quality during and after developing an MVP. Because that's what gains users and retains them, and once the app is launched, our team of developers and QA testers monitor its performance and the issues it faces. We also put your MVP through user acceptance tests (or Beta tests) to gather the end-users feedback to find what your MVP app is missing. It increases the desirability of your app and reduces the risk of being failed.
Now you are ready to start your first MVP development journey.
If you follow the criteria mentioned above, you can create a one-of-a-kind MVP for your startup at reduced costs within 45 days, as we do!
And, when we say you can do it, it’s because our team can create an MVP within 45 days. It’s not just for the sake of saying; instead, we have proved it. Quokka Labs (QL) has demonstrated its capabilities every time, from creating MVPs for real estate, education, and e-commerce to energy management, retail, healthcare, lifestyle, and media and entertainment.
An MVP lets an organization put your app or product’s least expensive working model in the people's hands. Not only does an MVP let you see whether users are accepting your product, but it also helps you understand:
The areas you need to pay more attention to,
What features do you need to fine-tune, and
How to make your product most appealing to your audience.
Some primary benefits of MVP development include:
Understand pitfalls fast and ensure that product development is in line with user expectations
Prevent expensive mistakes and late-stage reviews that cost too much
Attract investors by offering them robust ‘proof of concept’ and positive user feedback
Hence, developing a minimum viable product is an important business step.
How much does it cost to build an MVP?
There is no straight answer to this question since it depends on many factors:
The complexity of product development,
The number of specialists or developers involved,
The number of working hours,
Hourly rates, and
The need to add more features.
Based on our experience, we’ve prepared a few examples-How much does standard MVP projects cost in different business niches:
For video calling mobile apps (for both iOS and Android), creating an MVP for a video calling app might cost between $10,000 and $35,000.
Another MVP that we’ve recently built is for an ed-tech startup. The cost to develop such an MVP might begin at about $15,000.
And an MVP for a food delivery app may cost between $11,000 and $31,000 for an iOS and between $12,000 and $30,000 for Android.
So, if you’re out to own one for you, keep in mind what Richard Branson (Virgin Airlines’ owner) once said:
“Listen. Take the best. Leave the rest.”
The Bottom line
You may find this strategy huge, but building an MVP is the first in your startup journey. Because its purpose is to validate your idea at cheap costs and a breakneck pace to get feedback from real users, proving that your idea works for investors and all stakeholders.
We guided you through the process of how to build an MVP and highlighted the importance of building one.
With over ten years of experience building products for startups, businesses, enterprises, and government bodies, we have realized the importance of starting with small and developing an idea into a great product that solves problems. We know how to lead your vision to an MVP stage and from an MVP to the complete realization of the product that people love!
And, if you're looking for a product partner to help you with MVP development or any consultation for web or mobile app development, contact us! It may be a start of a new journey together.