If you are looking to launch a new product to the market, for that a minimum viable product (MVP) is an excellent way to test your idea. A minimum viable product (MVP) is a design of a product that needed a very smaller number of features for testing purposes. The principles of the MVP process are to test your ideas on your ideal customers and these are people you can observe while collecting information. When you release various loops of your product, that time at some point you find basic features that provide your customers with a workable solution. The main idea behind the MVP is to get user feedback before developing your final product and this feedback helps you avoid the product’s failure. Nowadays IT and software industry needs MVP. And all IT and software industries developing an MVP is a very common practice and it is useful in the planning of a project if you’re planning to launch your product. What is the MVP? A minimum viable product (MVP) is a development technique in which you can develop the software product with minimum features for a new product or website. You have to test its features. In other words, a complete set of features is only designed and developed after considering feedback from the users. The main idea behind this is that first you can know the customer’s idea and make changes to your product when you launch your product. Benefits of MVP: Time and Money Saving There are so many reasons to reject your product on the market. You will spend lots of money and time on development but the MVP suggests that first, you create a prototype that has the most basic features. It saves your money for design and manufacturing. And also save your time. Faster The benefit of an MVP is that you can implement an idea, study its use by customers review, make additions, do corrections, and repeat as necessary -you can do all this very fast. You’re not trying to create the perfect product but you only need to find some minimum sets of features that solve the problem for your customers. That means you don’t need to have a perfect prototype. More Effective With MVP you can solve your all problems before launching your app or website and in the end, you can discover those features that meet the needs of customers. So, it gives you a very effective result for your business.