An MVP isn’t a mature product, but it’s considered the final step toward its development. You can consider implementing this approach in the following scenarios:
- You want to explore the market’s perception and find out if your product will be received well and stay in demand so that it can be improvised timely.
- You want to save cost and time developing the product with only the essential features.
- You need immediate user feedback on a working app, and it can prepare the base for further improvements.
- You need to map a development way to mitigate the risk of product failure.
- When you expect higher retention at a low cost.