One thing that is common about successful businesses like Spotify, Uber, Instagram etc. is that they have all used a Minimum Viable Product at one point in their development.
A minimum viable product is a basic version of a product that only has few sets of features usually for specific users in order to have a speedy launch in the market. The main aim of the MVP is to deliver a quick product in less time while at the same time reducing the costs involved in development. This is mainly done to acquire data and feedback that can be used to make modifications to the product in future. aTeamIndia has completed many MVP projects which have ultimately ended up to be successful products.
Often businesses and startups depend on investments and external funding. For this, you have to pitch in an idea first. The investors must be able to repose their confidence in the product. aTeamIndia can deliver you an MVP that will ensure the investors that the product will earn good revenue, reduce the check out times etc. It will prove the market validity of the product to the investors. Since MVP is fully functional in spite of being a minimum version of the product itself, the investors get to see a physical product. Stakeholders are only interested in products they can use and understand and one that can be easily launched into the market and get steady and rapid returns without having to wait much.
aTeamIndia also gives you a great opportunity to test your business idea. Not all ideas will do well in the market. With an MVP, you can see If your product idea is market validated. They can understand how their target audience will respond. It will be a product with only core features and not the final product. With the market reaction, you will get more direction as to where to take your product next. Once the product is launched into the market, you get insight into what demographic of people are more attracted to your product and how they behave with the product. You can then customise the product to suit these potential customers. If you launch a full-blown product, it is going to be difficult to change or make modifications as it would require an entire process of rebuilding. A great example of an MVP turned into a success is Instagram. It is a photo-sharing application as we know it now. When it was launched, it was mainly themed around a GPS feature. This was later changed based on market response.
With aTeamIndia’s MVP services, it is all about checking whether your idea will click or not. It is a way to understand what the market wants. Initially, when you have an idea, it might seem practical and look like it fulfils the needs of your potential customers. But this is often not the case. There might be a situation where your product is not needed in the market or there are other products that can do the same service as yours. With an MVP, you learn to make your product unique and wanted by the customers.
aTeamIndia incorporates many new techniques and tools to make your business flourish. One of this is their 90 days MVP program. Often most companies are not even aware of the whole concept of MVP or minimum viable product and how it can immensely benefit the business. This is a business tactic that can get the attention of early users with a product having only basic features. Many companies started off as MVPs or Minimum Viable Products and they then built on that and become large. This has many perks and this is why aTeamIndia has incorporated this into their service. With their MVP program, aTeamIndia helps you to bring your business idea to the market early to know the strength and weakness of it and how customers will react to this. This is sort of like testing which will strengthen the foundation of your business. You can add basic features instead of a core and heavy set product. You can also put the costs down so that the product is widely accepted. It is more like a hypothesis on which you can work on after the response it receives in the market. MVPs can be seen as an initial instalment. Gradually, after more research and development, it can be made to be more complex and with more facilities. With each new feature, you can also increase the cost. It allows you to understand the market validity of the particular product and allows creating a niche for your better product which is yet to be released. Thus, you can be more certain about your profits before investing more into this product. Uber is one of the many companies that benefited from this method. This basic viable product of yours can be showcased to your prospective stakeholders. If you can show that your product has great potential, raising the funding can be easy. While trying to make the base of your product, you also get insights regarding what works and what will not work. This allows you to make a product compatible with the current market situation. They can use this to decide what more features to add to the product and allocate the budget accordingly.
These products are built over a long period of time. They start off as basic products with basic features and they are built better over time with the addition of more features and investments. The price is also different in each stage of development. Hence, there will not be a bulk amount but the price will be spread across various stages, thus, making it cost effective. It often gives you the opportunity to reinvest with the profit earned during the earlier versions of the product. aTeamIndia lets you bring your product as a small basic version and then polish it and make it better. MVP is used for Android as well as iOS. Thus, it has multiple uses and helps to make your business better. aTeamIndia strives to develop a polished product out of scratch.
Everybody starts out with big business ideas. But you often may not have the capital to bring your idea to life. But with a Minimum Viable Product (MVP), you can give a kick start to your business with minimum investments. This is especially beneficial for startups as they start with minimum capital. Although there are many companies offering MVP services, aTeamIndia is the most startup-friendly company. They also have a 90-day MVP program to help startups.
MVP or minimum viable product is like a version of your product but with minimum features. It helps you choose your initial customers and proves that your product is unique enough to be bought by people. With aTeamIndia’s MVP program, they wish to get feedback from the target audience. This feedback can then be used to create the final product that meets all the requirements and user satisfaction. These feedback’s are very valuable for the development of a startup. Another important task that aTeamIndia carries out is to increase the visibility of the product. MVP service helps in creating a brand name among the targeted audience and makes the product recognizable. MVP is also adaptable across various platforms as they have different patterns for iOS and Android. aTeamIndia also makes sure that with your MVP, you gain a good customer base of loyal users who will buy the final product. Thus, it makes a market for your product even before it is completely launched. Launching an MVP saves time as well as prevents your idea from being stolen. It takes months and even years to bring the actual product to the market. But it only takes a short amount of time to make the MVP. This will not give the other companies an opportunity to steal your idea and release that product earlier than you do. A lot of saving can be done on the development cost. aTeamIndia makes sure that startups do not spend a lot on their MVP’s and they can use the development money to invest in the final product. It will also be easy to find shareholders and investors as there is low risk involved in the MVP. MVP can be presented as a prototype launched in the market to analyse its viability among users and this MVP is made with minimum resources. If your MVP goes on to do well among the target audience, you can prove the viability of your product to the investors and amass huge capital for further development. It often helps the startups to realize what feature of the product or application will connect with the audience. Your MVP might be based on a different idea. But after the feedback and user response, you can find a better idea for your final product. This is what happened with Instagram whose initial idea was not sharing photos. They also help you find your loyal users. The initial target group might not become satisfied with your product. You can then test your product among different sets of people. Thus with MVP, aTeamIndia comes with innovative ideas to market your business and product. They also provide a strong base to develop on and make your business flourish.