If you’re a startup, your first version of the product should be a minimum viable product (MVP). This one is for all my fellow newbie entrepreneurs: if you’re trying to build an MVP for your startup and don’t know how to do it, this guide will help.
It’s better to build the MVP first, then the rest of the product.This is because you want to use your startup’s resources wisely, and building an MVP allows you to test whether people will actually pay for something like what you’re offering. MVP is a strategy to reduce the risk of building products. It helps in validating your product idea, and it also helps in getting early feedback.
MVP helps in reducing development cost and time to market by focusing on just the core features of your product. If they don’t, then it’s time to go back to square one and rethink your business model entirely–which is a good thin.
Types of MVP for Startups
MVP is a product that has the minimum features to satisfy the customer.
There are two types of MVPs: Low-fidelity and High-fidelity.
- Low-fidelity MVPs are sketches, wireframes, mockups and prototypes that help you validate your idea with potential customers before building out a more robust solution. They’re typically faster to build than high fidelity ones because they don’t require much effort or time spent on them (in terms of hours). However, they may not give you an accurate representation of what users will experience once they use your product in their daily lives–so it’s important to ensure that these low fidelity versions reflect what users need before moving forward with any further development work on them
- High-fidelity MVPs are versions of your product that are fully functional. They look and feel like the final product, but they’re usually missing some features that would make them complete. Low-fidelity MVPs can be used to get feedback on your idea or concept before spending time and money building out a more detailed solution.
How to make building an MVP for startups faster and cheaper
You should also remember that building an MVP for startups can be quite expensive if done wrong or by inexperienced developers. So always make sure that your budget is enough for what you want in terms of functionality and design quality before hiring remote developers from Ukraine or anywhere else.
Hiring an in-house team can be a costly and time-consuming process. It requires a lot of resources and time, which is why many startups choose to outsource their development needs. This approach allows them to save on costs, increase productivity and reduce risks associated with hiring foreign developers.
According to a recent study by Clutch, the average annual wage of a web developer in the US is $75K, while the average annual wage of a software engineer in Ukraine is $25K. Of course, this difference in prices doesn’t mean that Ukrainian developers are less qualified than Americans. Actually, today there are about 800 universities that offer computer science courses in Ukraine, which is more than anywhere else in Europe.
The number of Ukrainian programmers who have received their degree from American universities is growing every year. This means that there are many highly skilled professionals who can work remotely with your startup and help you develop your product faster and cheaper than if you hired someone locally.
Voypost Talent Pool is an IT outstaffing platform that can help startups find and hire skilled Ukrainian developers in a fast and cost-effective manner. Ukrainian developers are known for their expertise in software development, web development, mobile app development, and more. By leveraging Voypost Talent Pool’s talent pool of Ukrainian developers, startups can access high-quality development talent at a fraction of the cost of hiring developers in Western Europe or the USA.
Voypost Talent Pool has a rigorous screening and testing process, ensuring that only the most qualified developers are added to the talent pool. The platform provides ongoing support and management throughout the project, including project monitoring, reporting, and communication, ensuring that the project is completed on time and within budget.
Outstaffing with Voypost Talent Pool can help startups save on costs associated with hiring full-time developers in-house. This includes overhead costs, office space requirements, and administrative tasks. Additionally, Voypost Talent Pool’s outstaffing model allows startups to hire developers without being restricted by location, making it easier to access global talent pools.
Overall, Voypost Talent Pool is an excellent choice for startups looking to find and hire skilled Ukrainian developers in a fast and cost-effective manner. With a focus on quality, speed, and ongoing support, Voypost Talent Pool provides startups with the resources they need to drive their growth and succeed in today’s fast-paced digital world.
In conclusion, we can say that the MVP is an important part of any startup. It helps you to test your idea and make sure that people really want it before investing too much time and money into something that might not work out in the end.
