It’s no secret that the increasing market rivalry, technological improvements, and rising customer needs have pushed many startups to build their products in an efficient and cost-effective manner, without wasting much time, because as we all know… Time is money.
Fortunately, there are some things you could do as a startup founder to reduce the development costs of your MVP and reduce the time to market. In this article, we are going to share some tips that will surely help you.
Prioritize key features
Before building an MVP, you need to have a clear value proposition and plan to validate your idea with your potential customers: Who’s your target? What are you trying to achieve? What sets your product apart from the competition?
Once you have a clear understanding of your business idea, you can get down to work and start separating the key features from the unnecessary ones. There are many prioritization techniques that may be useful for you including the MosCoW Matrix, the Kano model, or User Story mapping. Remember that no matter what technique you utilize, the end user should always be your priority.
Don’t get distracted by developing features that don’t contribute to your end product, that is a common mistake startups make that can lead you to lose time and money.
Choose a reliable team
To build your product, you must find a team of software professionals with experience in design and development. If you don’t want to have an in-house team, you can always hire a consultant, freelancer, or a software company, like Apiumhub, to help. Make sure they have the appropriate experience to carry out your product without complications.
It’s crucial to make tests early in the software development process to avoid releasing a product with bugs that may require extra hours of rework to fix. It’s a good idea to bring a quality assurance specialist at the early stages of your project development to keep an eye on these aspects before moving on to other parts of the product.
Integrate user management and access management solution
Last but not least, if you would like to save money and time developing your MVP, you can opt to integrate user management and access management solution like VYou.
VYou allows you to turn weeks of development into a single day of integration by providing secure access and a scalable digital user and access management system with features such as login and registration, password recovery, and payments that can be easily implemented and customized.