[Free] Mvp Masterclass - Minimum Viable Product For Your Startup
MVP 101 – Create your Minimum Viable Product without spending a fortune – Free Course
What you’ll learn
- Step by step to creating a successful MVP
- Learn from billion dollar companies’ MVPs
- 9 steps process to build your Minimum Viable Product – MVP
- Learn from my iGrowex MVP experience
Requirements
- No prior experience or skill required for taking this online course.
Description
A minimum viable product is the activity that allows a team to collect the maximum amount of validated learning about customers with the least amount of effort. The MVP must allow the startup to complete one cycle of the Build-Measure-Learn loop by presenting something to the customers and receiving feedback.A minimum viable product template has four parts:
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Value Proposition The solution or the promise of a solution. What benefits will the customer receive?
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Customer Segment A specific target market that has a job to be done. These are the people who will give feedback on the value proposition.
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Channel The customer must receive the value proposition to give feedback, so there must be a method for reaching the specific target market.
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Customer Relationship The customer must give feedback on how the solution actually benefited them. To measure the effectiveness of the product, the customer must maintain contact with the startup somehow.
So a minimum viable product template should be about reducing waste. For a startup, waste isnt about creating a product with the least amount of scrap metal left lying around when the product is finished.
Author(s): Alessio Lorandi
