All the highly successful apps, mature enough today share something in common. They started as a very basic application having a few features. And, with the technical evolution in mobile app development domain, they were added with functional features. Such a development approach needs a lot of time and investment in order to take your product from a very basic app to a viral one.
While you will have to do a lot to take your app in the viral app category, MVP can help you validate your app in the market even with fewer features. MVP or minimal viable product is more of a technique that validates an application as soon as it is released into the market. The concept lets the mobile app development companies release their product/apps with the very basic functionalities. The goal is to provide immediate product value with the minimum investment in the product.Taking You Deeper into MVP Concept
What an MVP entails can be very subjective for an app depending on the kind of app, type of industry it belongs to, and the business needs. In some cases, for example, the minimum prerequisites of the product can be very complex owing to the preferred industry standards. Apps which are ruling the industry today like Snapchat, Instagram, Dropbox, etc. started with concept.
Total MVP Pricing
The total MVP pricing will depend majorly on the hourly rate and project timeline. Say, for example- if you need an Android app MVP and let’s assume it takes 200 hours at $50 developer rate, the total MVP pricing would be $10,000. This is the basic MVP concept. Below is a table that gives you more insights on MVP stages, timelines, and the cost.
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