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Step-by-Step Guide to MVP Development Services

MVP development services are said to be a lifeline for companies looking for ways to launch their products affordably. This is because introducing a new product to the market can be time-consuming and expensive. So, an MVP (minimum viable product) is an instant solution to it. It’s a basic version of the product with limited features. They can test it with users, get their feedback, and decide to scale up as required. Remember, approximately 90% of startups fail in just 5 years, mainly due to a lack of demand for a product or service. An MVP will help you validate your business concept and test the scope of new products in the market. Let’s get more information on how our MVP development services benefit your business.

What Are The Benefits of an MVP?

You can help confirm or deny a stereotype hypothesis floated by the product development team with an MVP.
It allows you to attract investors to further develop the product or service.
You can study the target audience and its attitude toward your initial product. It will help save lots of money spent on research.
With an MVP, you can reduce the cost of developing a core product or service by prioritizing features and functions.
You can identify errors with your core product/service.
You can speed up the product development process and start making more tremendous benefits than your competitors.

What Are The Different Types of MVPs?

Companies create different types of minimum-viable products based on their requirements. Here are some of them:

Flintstone MVP (Oz MVP)
With this MVP, a company tests the hypothesis (for product/service development) and analyzes the usability of the chosen business model.

Concierge MVP
Companies use this MVP manually in the early stages of product implementation. Their ultimate goal is to automate the solution to problems for the target audience. Later on, they launch the digital version of the product to attract more customers.

Disjointed MVP
Firms use this MVP to test and implement a business idea without developing unique software. They collect ready-made tools, combine them into one ecosystem, and present it as a new product in the market.

A Single-Parameter Product
Business entities use an application or program with one or two functions to test the demand for a business idea.

The Best MVP Development Company

Are you ready to introduce new products and services, and need an MVP? If yes, One World Technologies is happy to help.

We are one of the most prestigious MVP development organizations with several years of experience in the IT domain. Our developers can create simple to the most complicated MVPs for all industries according to their specifications. We help them introduce their products and services to the market at low cost with superior MVP development services. Just discuss your business ideas with us and get beautifully designed and easy-to-use MVPs with our help.

How Do You Create MVPs?

The creation of MVPs consumes a good amount of time and demands 100% dedication from professionals. We work in the following sequence to create MVPs for different industries:

We Identify Users ’ Problems
If existing products or services are not able to solve users’ problems, they look for alternatives that can provide solutions. That is why we examine the issues faced by your target audience while using products or services. It helps us define the goals of MVP development.
Audience Research
We collect information about existing solutions offered by your competitors. Depending on specific cases, we may examine their products’ pros and cons in great detail. It allows us to formulate a compelling USP for new MVPs. If required, our team may use AI for audience research. It helps us gain valuable insights about your potential customers while saving time and resources.
Choosing Key Features for MVPs
As per your business needs, we prepare a list of possible features for your MVP. It may include core functionalities, user-friendliness, quick feedback loops, etc. Suggest all the features you want to see in your product. We will implement them as per your instructions.
MVP Development
After the accomplishment of all the above-mentioned steps, our team starts the MVP development process. Depending on the complexity of the project, it may take a considerable amount of time. We will communicate with you regarding this and act as required.
Product Testing
Once the MVP development work finishes, we test it multiple times on various parameters. This helps us eliminate all technical issues. If required, we may use the product within the team for 3-4 days. It helps remove all possible errors and allows you to get an easy-to-use MVP.
Product Launch
At least, we will launch your MVP on the web as per your instructions.
Free Technical Support
If you face any technical issues with the MVP, feel free to contact us. We will immediately look into the problem and offer instant solutions as soon as possible.

What is Your MVP Development Cost?

The overall cost of developing a minimum viable product (MVP) depends on various factors, such as the complexity of your project, the technologies needed for its creation, urgency, and the total number of features. We will give you price estimates after a detailed conversation.

Why Choose Our MVP Development Services Over Others?

OWT offers custom MVP development services to different industries. We stand out from the crowd due to the following reasons.

Extensive Expertise
We have several years of experience in creating MVPs for different industries. Depending on specific requirements, our MVP development team may use different designs, frameworks, programming languages, data, inputs, etc., to come up with high-quality MVPs that can give a good start to your product or service. It is important in today’s highly competitive business world to make a big bang initially. It will leave a long-lasting impression on users and help you get repeat business from them.

Swift And Transparent Communication
We immediately respond to your calls for our MVP development services and hold discussions regarding your needs. There is no long waiting line for our services. Even if you are not able to mention the technical aspects of your MVP product, don’t worry. Just explain the purpose of your product, and we will recommend the necessary features it should have. Our honesty and commitment to excellence let you have scalable MVPs for different industries.

Sufficient Number of IT professionals
We maintain a team of a sufficient number of highly knowledgeable and experienced IT professionals required for MVP development. They are extremely committed to working on your project with high priority and delivering it to you on a pre-agreed date. So you can get one or more MVPs at the same time from us, as per your business needs.

Regular Updates
We include you in the MVP development process and give you timely updates about the progress made. You should see the product creation process and recommend the necessary changes if applicable. It will help you get your dream MVP product.

Affordable Service Free
We develop high-quality MVPs at affordable prices. So, small companies, startups, sole entrepreneurs, and big business entities- all are our clients.

Better Scalability
OWT doesn’t leave you in the lurch. We provide real-time assistance in MVP scalability as per your needs, and that too at minimal cost. It will work as a catalyst for the speedy growth of your business. We take care of MVP development, management, testing, and scalability. This allows you to focus your attention on core business activities and make rapid progress despite heavy competition in the market.

Conclusion

The careful launch of a minimum viable product might give a good start to your business and script its success right from the beginning. With Custom MVP development services, One World Technologies is always ready to help you kickstart your product or service journey in the right direction.

With our help, you can conveniently launch the initial version of your product at a low price tag, take care of its technical ifs and buts, collect customer feedback, and implement the required changes for further improvement.

We are committed to helping you throughout your MVP journey, from the beginning to the end. Contact us today to discuss your needs, launch your products successfully in today’s highly competitive business world, and get a quick response (both positive and negative) from customers.