Transcript
YHgLY4Btppo • How to Create a Minimum Viable Product for an App | Start Up Theory
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Kind: captions Language: en hey everybody welcome to another episode of startup Theory I am your host Tom Bilu you can follow me across all the socials atom billu and today I am answering your question about what the best options are for building a minimum viable product for an app um and the answer to that question is really getting one if you're not a coder to get a coder you're going to need somebody that's going to be able to help you get that out you want to make a list of what the features are that you think are absolutely the most critical to have and then you want to break them down in terms of ease of creating because your goal on a minimum viable product is to get something into the hands of the marketplace for as little money and time as humanly possible so there's going to be some stuff in the app that you're going to want to add desperately that you're going to think are really going to push the app over the edge but the important thing here is getting to Market as quickly as possible because inevitably whatever you think the market is going to um do with your product or how they're going to respond to it or what need it is that you're meeting it's going to be slightly different than the way that the market actually responds and you're going to want to be prepared to be nimble to change and adjust things in order to address whatever it is that the market is telling you so making sure that you break down that architecture that it starts with um you know very simple things are we going for Android are we going for iOS and there are B big differences you know as of the time of this recording there's very big differences so the Android market is much larger but people are much less willing to pay for their app um the iOS Market is smaller but people are much more willing to pay so depending on who you're trying to Target also iPhone users tend to be a little bit more upscale they tend to be living on the coasts um certainly that's true here in the US and um Android users the more that you go inward uh the more that you're going to find them so and then age groups and demographics like all of that is going to be very important to make sure that you break down make sure that you choose one or the other and I think choosing one or the other to begin with is is a very smart idea because you're going to have limited resources so trying to apply them to every feature you can think of across multiple devices is just not the way so pick um a very small subset of features that you believe really execute against your product offering the way that you're going to deliver value again rank them in order of easiest to um Implement as well as cross referencing highest impact so when you find something that has uh it's very easy to implement and has a high impact on the product those are going to be the things you want to do first and so prioritizing that in that order and only getting to the hard low impact stuff when you've already got something that's out in the market it's already delivering value you're already getting feedback I mean there are things that are you know products that have bid out on the market 5 10 years that still don't have some relatively obvious features because they know that it's either hard to implement or it's low impact so being really ruthless about that not getting um not falling in love with your ideas and and really um doing something because it's cool in fact that's important to say designing something because you think it's cool will be the kiss of death so don't design it because it's cool design it because you know that there is a market need for that so build that architecture out look at that be relentless steer everything by that judge by Dollar spent time to execute get it in people's hands even when it's ugly even when it's painful get feedback pivot adjust re-release and tell it's something that people will actually pay for because at the end of the day profitability is the only thing that matters so being cool is the fastest way to go out of business so you want to make sure that you're doing something that people that really meets a need and people are willing to pay for it so that's it that is your path to minimum viable product if you haven't already be sure to subscribe I'm doing this all the time and until next time my friends be Legend D take care