I recently concluded my PSM 1 training from Agilemania with Piyush being the instructor. I have had multiple trainings before but this one was very different - Good different. For many reasons : 1. Piyush’s content delivery was by far the best I have seen. This tells he has done this many times or to be short, is an expert at this. 2. Unique way to present. I won’t break the surprise but there were no slides or ppt's during the training. And yet, it was so engaging, I felt as active throughout as at the start. This also gave me inspiration to do something different when it comes to your presentation. 3. Different types of activities in breakout rooms. This gave me the opportunity to interact with fellow trainees like myself who were there to learn. You got to try out those. P.S. - there will be always a catch. 4. Full of real life examples. Piyush gave real life examples from his experience that helped me to understand the concepts better. 5. Lastly, there were optimum breaks in 2 days that helped me to remain focused throughout. When I was choosing the trainer for PSM 1 from Scrum.org, I read a lot of reviews for many trainers. I chose Agilemania after careful evaluation. I was right. Hope this honest review helps others in line.
You probably already know that the Minimum Viable Product (MVP) is the software industry’s gold standard for validating product ideas and gathering user feedback from early adopters. Did you know, however, that there are various types of MVPs you can choose from when designing your strategy? In this blog post, we’ll explore eleven of the most popular types of MVPs used by enterprises and lean startups alike. By the end of this article, you’ll be able to identify the MVP approach that works best for validating your business idea and gathering feedback on your product features.
Main Types of Minimum Viable Products to Consider
MVPs serve different purposes and can be roughly grouped into two categories: low-fidelity MVPs and high-fidelity MVPs. Additionally, there is a wildcard category that could fit into either category depending on your strategy. Let’s dive into these categories to understand which type might be most effective for your product.
A. High-Fidelity MVPs
1. Single-Feature MVP
The single-feature MVP is often what people envision when they think of an MVP. It focuses on delivering one key feature that differentiates the product from existing solutions. For instance, Spotify initially launched with just its music streaming capability, testing the market's readiness for this novel approach.
Use Cases:
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Validating a unique feature or novel idea.
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Gaining clarity on the performance of a single feature.
Pros:
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Quick development and reduced time-to-market.
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Lower costs compared to building a more complex product.
Cons:
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May not fully address other potential user needs.
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Narrow focus could lead to fewer early adopters.
2. Piecemeal MVP
A piecemeal MVP integrates existing third-party tools and technologies to deliver a functional product. Instead of building every component from scratch, it leverages available solutions to provide core functionality. This approach is cost-effective and expedites the time-to-market.
Use Cases:
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Products requiring multiple established technologies.
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Industries with mature technology ecosystems.
Pros:
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More cost-effective and quicker to market.
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Seamless user experience if well-integrated.
Cons:
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Potential integration issues between different technologies.
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Customization limitations.
3. Wizard of Oz MVP
The Wizard of Oz MVP creates the illusion of a fully automated solution, but human intervention powers the functionality behind the scenes. This approach is excellent for testing ideas that would otherwise be expensive to develop.
Use Cases:
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New features or products with uncertain market reception.
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Cost-effective way to test viability.
Pros:
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Validates the concept without full-scale development.
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Offers valuable insights into market demand.
Cons:
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Requires continuous manual effort.
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May not provide a consistent user experience.
4. Concierge MVP
The Concierge MVP involves a platform where human operators manually perform tasks that the final automated solution will handle. This method is transparent about its manual nature and is useful for assessing the viability of a product idea.
Use Cases:
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Assessing the feasibility of a solution that will be automated later.
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Projects requiring manual intervention to understand user needs.
Pros:
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Cost-effective validation method.
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Provides rapid feedback.
Cons:
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Manual processes may not perfectly emulate the automated user experience.
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Potential complexity in managing manual operations.
5. Crowdfunding MVP
Crowdfunding MVPs can fall into either low-fidelity or high-fidelity categories, depending on whether a working prototype or just a concept is presented. Crowdfunding platforms like Kickstarter can validate demand and help secure initial funding.
Use Cases:
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Novel product ideas seeking market validation and funding.
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Startups needing initial capital for development.
Pros:
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Validates demand and raises funds.
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Builds an initial user base.
Cons:
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Competitive space requiring creativity to stand out.
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Limited data on user behavior and needs.
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6. Landing Page MVP
A landing page MVP is the simplest form of MVP, consisting of a basic web page that describes your product idea. It helps gauge interest and collect email sign-ups from potential users.
Use Cases:
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Early validation of product ideas.
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Building an initial user base.
Pros:
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Easy and inexpensive to create.
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Provides insights into potential user interest.
Cons:
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Offers no feedback on product functionality.
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Limited data on user behavior.
7. Fake Door MVP
The Fake Door MVP involves advertising a product or feature that doesn’t yet exist. When users show interest or attempt to purchase, they discover that the product is still under development. This method tests willingness to pay for the product.
Use Cases:
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Testing interest in a new product or feature.
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Validating pricing models.
Pros:
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Provides proof of potential demand and willingness to pay.
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Saves on initial development costs.
Cons:
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May frustrate potential customers.
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Limited feedback on product features.
8. Marketing Campaign MVP
This approach uses various marketing channels—such as PPC, social media, and product platforms—to gauge interest in your product idea. It helps build a user base and validate key selling points.
Use Cases:
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Validating product ideas through broad marketing efforts.
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Identifying appealing product features.
Pros:
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Quickly validates interest and builds a user base.
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Helps in identifying effective selling points.
Cons:
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Requires significant knowledge of marketing and analytics.
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Greater financial investment needed.
9. Email Campaign MVP
An email campaign MVP focuses exclusively on promoting your product idea through email. It’s effective if you have a strong email list or partnerships with other email lists.
Use Cases:
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Testing product ideas with an existing email list.
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Cost-effective marketing for MVP validation.
Pros:
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Lower cost compared to other marketing methods.
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Effective for building buzz with an established audience.
Cons:
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Limited reach if the email list isn’t large.
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Only measures interest, not user behavior.
10. Pre-order MVP
The pre-order MVP allows customers to pay upfront for a product that will be delivered in the future. It’s a strong validation method and can provide early funding for development.
Use Cases:
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Companies with a track record of successful products.
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Startups seeking early validation and funds.
Pros:
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Strong validation through advance payments.
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Provides initial funding and ensures a user base.
Cons:
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Requires a solid reputation to gain customer trust.
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Risk of customer dissatisfaction if deadlines are missed.
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Explainer Video MVP
An explainer video MVP uses a short video to describe a product concept. It’s a cost-effective way to communicate the product’s value and generate interest.
Use Cases:
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Explaining complex or novel products.
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Validating interest in ideas that require visual explanation.
Pros:
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Quick and cost-effective.
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Helps potential users understand the product concept.
Cons:
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Interest doesn’t guarantee future purchases.
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No data on user behavior or specific feature preferences.
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Register Today!How to Choose the Right Type of MVP for Your Product
Selecting the right MVP depends on various factors including your budget, target audience, and the nature of your product idea. Low-fidelity MVPs are ideal for those with limited resources, while high-fidelity MVPs are suited for those with more substantial budgets and a need for detailed user feedback. Consider your available resources, expertise, and the effectiveness of each MVP type in reaching your target audience when making your choice.
Choosing the right type of Minimum Viable Product (MVP) is crucial for effectively validating your product idea and gathering valuable user feedback. Whether you opt for a high-fidelity MVP like a single-feature or piecemeal approach, or a low-fidelity option such as a landing page or explainer video, each type offers unique advantages and serves specific purposes. By carefully assessing your product goals, budget, and target audience, you can select the MVP strategy that aligns best with your needs.
Remember, the ultimate goal of an MVP is to test assumptions, validate demand, and gain insights with minimal investment and effort. Each MVP type provides a different pathway to achieving these objectives, so choose the one that will best support your product development journey. As you move forward, leveraging the right MVP approach will help you make informed decisions, refine your product, and increase your chances of success in the market.
Wrapping Up
Choosing the right type of Minimum Viable Product (MVP) can make a significant impact on the success of your product. Whether you opt for a high-fidelity MVP like a single-feature prototype or a low-fidelity MVP like a landing page or explainer video, each approach offers its own set of advantages. The key is to align your MVP selection with your product goals, budget, and target audience to effectively test your assumptions and validate demand.
By carefully considering the specific benefits of each type, you can gather invaluable user feedback with minimal investment. Ultimately, leveraging the right MVP approach will set your product development on the path to success, enabling you to iterate and refine as you bring your product to market.