What do all startups dream about? Gaining success is the first thing for any entrepreneur no matter if he sleeps or awake. The market becomes more and more saturated with time, and making the product perfect is the number one goal on the preparation stage.
If you’re about to build a new genius idea, take care of your airbag – it could be an MVP and a POC of your product. These two methods are used in app development all the time, and you might want to know what’s so special about them. Today, we’re here to tell you everything from the ground up.
At TecSynt, we’ve got some tips taken from our own experience about the importance of both MVP and POC, and we truly think this knowledge is worth sharing.
Read also: Agile Methodology: How to Build an App
Building and launching a new product take much of your time and creativity. It’s great to know that your idea is really worth sharing and further development, isn’t it? That’s when you should turn to the POC (Proof of Concept).
Proof of Concept is all about testing an idea and making conclusions about its viability on the market. POC will only give you the “yes” or “no” answer, but it’s really helpful for lots of entrepreneurs. Even when the answer is “no”, it’s possible to find a better way from the same starting point.
At first, you may think that not every project needs the POC stage. But it’s only partially true. These are two important points for your consideration:
In any case, we recommend you opt for POC beginning of your project. These are the main questions you should ask yourself with the help of professional technicians:
1. The existence of demand. The demand for your product can be latent or really existing on the market right now. People should be interested in your product for you to move forward.
2. Create the product people are waiting for. Do the features of your product are appealing for you or your future customers? The right strategy is to look at your app with the user’s eyes.
3. Measure the product growth. Can you tell now whether your application will be mass-produced or growing gradually with your business? If this question is too difficult, cancel the next steps.
4. Monetizing strategy. There are several ways to monetize your app, but if your product doesn’t fit any of them, it is a warning sign for your business.
5. The level of flexibility. On this stage, you have to think how adaptive your app will be when people’s needs change. The market environment is highly variable, and it gladly welcomes only flexible solutions.
Read also: 5 Best Ways to Prototype Your Mobile Project
No matter how big your idea is, it must find its embodiment sooner or later. On this stage, you should remember that even the greatest ways started with the first few steps. We recommend you gather your first steps in an MVP (Minimum Viable Product).
Minimum Viable Product is your basic idea wrapped up in the number of essential features. It is important for the startup strategy as it allows learning more about the product with less effort.
MVP helps to answer the most important questions about your project, so the focus here is on your vision vs. your target audience. You should know that the value of your product meets the user’s expectations. This is what you will find out:
Read also: 12 Tools to Market Your New Mobile App
All of this knowledge is precious for your further activities in the product creation. But how to build the MVP that would really work for your business and bring you all the necessary information? This is what we suggest you consider:
It’s already obvious that both POC and MVP are important parts of the startup marketing strategy. To quickly regain everything we’ve mentioned today, let’s take a look at this small cheat sheet.
POC vs. MVP
Proof of Concept
Is my idea workable?
This is the fastest way to know whether you’re right about your first hypothesis, future app, and its users.
Minimum Viable Product
Does the core product value have a warm welcome on the market?
MVP shows a business owner how well the product “feels” the market and user expectations.
You can’t replace one concept with another, and you can also get some priceless knowledge when using both of them.
Read also: Top 7 Mobile Application Performance Metrics
We’ve all been at the beginning of the complicated something. Fortunately, when it comes to software development projects, you already know what to do. Firstly, you’ve got the POC aspect, testing your first thoughts and ideas. Secondly, you will deal with an MVP, which is the core idea coming to life.
The TecSynt’s team is concentrated on the high quality as much as you do – a modern competitive market gives us no chance to make mistakes. Even the best mobile product starts little, so don’t wait much time to hit the road.