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    2. Is MVP enough?

    Is MVP enough?

    Ash
    9 replies
    The Minimum Viable Product (MVP) is a great way to test market assumptions and gather feedback early on. But in today's fast-paced and competitive landscape, is launching an MVP alone still the best strategy? Many startups have succeeded with MVPs, but others have found that an MVP can sometimes be too "minimal" to make a real impact or resonate with users. As customer expectations rise, so does the need for products that not only function but also delight. What do you think?

    Replies

    Sue Buist
    I agree on some level. The bar has definitely been raised. I wouldn't say that MVP too little. People need to raise the minimum to match the market. So I don't think you need more than MVP you just need to understand your market and ensure your minimum is enough. And if it isn't then you don't have an MVP, you just have a minimum product.
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    Ash
    @sue_buist indeed, hence a lot of pitches I receive on a daily basis, without MVP goes directly into the bin folder. I want to see traction now
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    Sue Buist
    @oddcircles what kind of traction is appealing to you? Starting from the ground and bootstrapping your design can look low in traction metrics, but that doesn't mean the product is lacking. It could mean the business struggles with marketing, has now found a good place to help them launch. Lots of things aside from a lousy product can impact traction.
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    Declan Xavier Holbrook
    MVP is a starting point, but these days it needs to be a solid minimum to get traction. Don't skimp on the 'V' in MVP - make sure your minimum is viable and delivers real value to users. Know your market and competition well to determine how far to take your initial product. If you have doubts, it may just be a minimum product, not an MVP. But you're right, the bar for MVPs has definitely gotten higher as user expectations keep rising.
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    Dgme Insider
    While an MVP is a valuable strategy for testing market assumptions and gathering early feedback, it may not always be sufficient in today’s competitive landscape. An MVP’s minimal features might sometimes fall short of user expectations, potentially affecting its impact and market resonance. As customer expectations evolve, a product that goes beyond basic functionality to deliver DGME a compelling and delightful user experience can be more effective. Balancing essential features with user satisfaction and ensuring your MVP can make a meaningful impression might be necessary for long-term success.
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    Daniel Kuh
    I think everyone's definition of MVP might be different. I do believe it's enough with this definition: It solves the user's pain. It might look clunky but if it works, it should show traction. If you have traction someone will always be willing to come onboard.
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    Viktor Surkov
    Launching soon!
    very abstract question enough for what? what is our goal with MVP? It barely can help you slightly feel PMF, some companies are getting acquired without PMF for multi millions. So I would say MVP is just one of the stages of product development, which means nothing. Retention is a King - the only thing that you should pursue
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    Samuel Johnson
    Well said, Thank you so much for information.
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