An initial version of software known as a minimum viable product (MVP) is developed to be shipped at the earliest stage. Generally, an MVP encompasses only the fundamental features required and possesses sufficient allure to resonate with the intended user base. The primary objective of MVP development is to gather valuable feedback from users and begin reaping benefits at an early stage. As soon as an MVP is released, it can be progressively enhanced with additional features until it evolves into a comprehensive application.
The duration of development can range from as short as 2 weeks to as long as 8 months, depending on the approach taken. Development stages can vary from 2-5 days for no-code/low-code development to up to 6 months for code-based development.
The cost of MVP development typically falls within the range of $40,000 to $300,000 or more, accounting for approximately 10% to 50% of the total software cost. For more detailed information regarding average MVP development costs, please refer to the dedicated section below
goLance is a reputable company specializing in the design and development of high-quality MVPs across many industries. We offer comprehensive consulting services to support your MVP development project at any stage. Whether you are just starting out or already in the midst of development, our team is ready to provide the expertise and guidance you need to ensure the success of your MVP.
A small-scale project, such as a simple software demo, a hard-coded piece of complex functionality, or even a detailed document, serves the purpose of demonstrating the feasibility of your idea in practical terms. In this context, the primary emphasis is placed on the technical aspects rather than UX/UI design. The goal of this endeavor is to showcase that your concept can be successfully implemented in real-life scenarios.
An interactive representation of the future product design serves as a visual demonstration of the major user flows and software layout. This representation provides an interactive and engaging experience, allowing stakeholders to navigate through the design and gain a comprehensive understanding of how the product will function. By showcasing the user flows and software layout, it enables stakeholders to provide feedback, make informed decisions, and ensure the design aligns with their requirements and expectations.
A fully functional product in this context refers to a release-ready version that encompasses the necessary features to be launched in the market. It is designed to meet the minimum requirements and expectations of users, providing them with a valuable and usable experience. This version includes just enough functionality to fulfill its intended purpose, allowing it to be deployed and made available to the target audience.
The number of MVP development steps and their duration may vary based on the complexity, novelty of the software, and the type of minimum viable product being built. At goLance, we follow a typical set of steps to construct an MVP, which are described below
This initial phase involves brainstorming ideas, refining concepts, and determining the core value proposition of the product. It is crucial to define the problem the MVP aims to solve and identify the target audience.
In this step, we gather detailed requirements for the MVP by conducting user research, market analysis, and stakeholder consultations. This helps us understand user expectations, define essential features, and prioritize development efforts.
Based on the gathered requirements, we define the essential features and functionalities that will be included in the MVP. These features are chosen to deliver the core value proposition while keeping the scope manageable.
UX/UI designers create wireframes, mockups, and interactive prototypes to visualize the user interface and user experience. This step helps validate the design and gather feedback from stakeholders and potential users.
The development team starts building the MVP, focusing on implementing the essential features and functionalities. The duration of this phase can vary depending on the complexity and scale of the MVP, ranging from weeks to months.
The developed MVP undergoes rigorous testing to identify and fix any bugs or usability issues. Feedback from users and stakeholders is collected to guide further iterations and improvements.
Once the MVP is stable and meets the necessary quality criteria, it is launched to the market or a specific user group. Feedback and analytics data are collected to evaluate user response, identify areas for enhancement, and guide future development efforts.
You avoid excessive investments at the start and stay flexible in the future.
You get an opportunity to enter the real market and check the viability of your concept.
Early user feedback will help you zoom in on necessary product improvements.
The income from MVP can become a solid base for product evolution. Besides, it’s a chance to be noticed by investors.
We can enrich your MVP with AI, VR, data science, blockchain, IoT, and more.
Code-based MVP will be ready for users in ~ 2-6 months, which allows you to roll out your product fast and stay ahead of the competition.
Oversees an MVP project, including delivery on time and on budget, preventing feature creep, etc
Elicits functional and non-functional MVP requirements, technical limitations, defines MVP modules and integrations with other systems
Builds the MVP server side and APIs.
Creates the MVP client side
Performs UX research, designs minimum necessary user interactions with an MVP, and information architecture, conducts usability testing
Working closely with UX designers, creates aesthetically pleasing, custom visual style of the user-facing MVP interface
Designs and implements the test strategy, plans and cases, validates the developed MVP and produces test summary reports.
At goLance, we have established processes and pre-selected teams with all the tech knowledge and skills to deliver your MVP – from initial design to development and launch – in a speedy and lean mode.
You can get started with as low as $3k - $15k for your MVP scope with us TODAY
For an MVP scope
goLance is ready to estimate MVP costs for your specific project to help you set a reasonable budget.
*The estimates provided are not goLance's official pricing for minimum viable product development services. We estimate the cost of each project individually, based on our customers' specific situations and needs.
