How you define your first MVP?

Question

MVP always state as our first viable product. Release fast and iterate it soon. What's your limitation of MVP product? as long as problem is solved by idea of product. Or do you have next aim until the consumer want to purchase it organically?

Sophia Clark · Accepted Answer

Your first Minimum Viable Product (MVP) is essentially the simplest version of your product that solves the problem you're targeting. It has just enough features to satisfy early customers and provide feedback for future product development.

AGUNG NULHAKIM · Answer

1. Let's start by identifying early adopters as our primary focus. When our product effectively addresses consumer problems, we can anticipate organic user growth.

2. Remember, value and price are not interchangeable. Even a low price won't attract organic users if they fail to see the product's value and problem-solving potential.

3. This is where pricing strategies come into play. Should we opt for a premium all-in-one app or offer bundled pricing with an annual subscription? My suggestion is to kick off with a compelling value proposition and excellent service, targeting individual users with a competitive price. As we grow, we can expand our reach to target enterprise users, catering to their business needs.

amanah alfian · Answer

@maelus hahaa quite similar with, " If you are not embarrassed by the first version of your product, you've launched too late"

I simplify the key point ship our first mvp, just brave enough to accept any comment feedback from user :)

Nice quote Mael :)

Maël Harnois · Answer

MVP means `ship ASAP` haha. 
The V is the fine line between useable and user-friendly.
Love the quote (from YC I think) - `if you like it the you ship it, you shipped too late`

Nuno Reis · Answer

The V is the key. It needs to be both viable and valuable.
Some MVPs take years to build if they are in deep tech for example. So the M takes longer.

Make the V work. And launch and iterate as fast as your space allows you. You will never know before getting the product in front of customers.

amanah alfian · Answer

@nuno_ms_reis I do agree, the V is the key.
Abut the concept launch and iterate fast, do you have max time limitation to next iteration? 
I mean, you want to do next iteration after 2 month dev, or do you prefer based on number of voice?

amanah alfian · Answer

@agungnulhakim how do you deliver to potential customer about your value of product. While they still on the first time to know your product in the minimum level?

amanah alfian · Answer

@sophia_c22 Hai Sophia, do you have any experience about that? would you mind to share?

How you define your first MVP?

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