With the increasing use of mobiles, the demand for mobile app MVP has increased drastically. Every business – established or a start-up, wish to build MVP for Mobile App. And why not, it is a reasonable solution for businesses, as it provides distinctive benefits. But the thought comes to a full-stop after thinking about the cost. Many entrepreneurs often get a shock after discussing the idea with a few app development companies.
If you are a low-budget entrepreneur having no idea about the process and wishing to build Mobile App MVP, then this blog is for you.
Today we will understand the real cost of a mobile app MVP by taking an example of a simple grocery delivery app MVP. But before that, let’s discuss what the MVP mobile app is.
What is the mobile app MVP?
The term MVP expands as – Minimum Viable Product. Eric Ries defines it as “a version of a new product which allows a team to collect the maximum amount of validated learnings about customers with the least effort.”
In simple words, in mobile app development, an MVP is a method of developing the necessary features to solve a user’s core issue and flourish in the market. MVP development follows a strategy of build, measure, and learn that aims to provide an immediate benefit while reducing the development cost and utilizing data to add value to the user’s experience over time.
Spotify’s version to define this is “Think it. Build it. Ship it. Tweak it.” The motto is to learn quickly and iterate.
The below image is perfect for picturizing their version.