Your guide to an MVP - Liquid Technologies

Your guide to an MVP

Growing a business is like climbing a mountain. You have a vision of where you want to go, but the path isn’t always clear. You take one step at a time, learning as you go. Sometimes you need to backtrack when you find a better path.

What is an MVP?

When it comes to starting a business, the first step is often the hardest: deciding what to build. The minimum viable product, or MVP, is the smallest set of functions a product can have and still be useful.

Creating an MVP is a great way to test assumptions and get feedback from customers.

In this article, we’ll explore the benefits of creating an MVP, and the different ways to build one.

An MVP is a concept that has been used by many entrepreneurs and business leaders. It is a low-risk way to answer the following questions:

1. Is there a need for this product?

2. Is it possible for this product to return a following and an audience?

3. Is the solution to the problem this product solves something the audience really needs? And would they be willing to pay for it?

The idea is that you build a product that is just good enough to get the job done.

A product that delivers the core functionality without letting you put your time and money at risk.

The goal of a Minimum Viable Product (MVP) is to test a product’s core ideas as quickly as possible. An MVP often consists of a basic prototype that is enough to get the core ideas of a product in front of potential customers.

Why do you need an MVP?

Here are multiple reasons why starting with building an MVP is beneficial to you and your business:

1. You’re able to access UX-based insights which will, in turn, help you build a better, more reliable product.

2. It lets you set up a data-driven approach to devising monetization strategies.

3. Creating an MVP will enable you to engage with your clients, allowing for a better understanding of their needs and the ways they use your product.

4. Building an MVP will help you recognize the strengths and isolate the weaknesses of your business concept and improve its value.

By getting the product in front of customers as quickly as possible, you can get the most relevant feedback possible. This will save you from building out features that don’t provide value to your customers.

An MVP allows you to test your product in the early stages of its development and gauge whether your idea is viable.

The insights you gain through the feedback from rolling out an MVP can help you choose the right app, the right features for the target market.

MVP allows you to focus on what is truly important, ensuring minimum risk and higher customer satisfaction. Having a restricted range of features allows you to invest your time and money in a planned way.

Discover how Liquid Technologies makes sure YOU get the best out of YOUR products.

How can YOU build an MVP?

It is imperative for you to focus on not only creating a product that has minimum features but is viable too.

Entrepreneurs usually end up compromising one of these two salient attributes and it is, thus, important to streamline the process of creation of the MVP in order to avoid losing out on any of these attributes.

Here’s how can you go about building an MVP that has minimum features and is viable:

First, you must figure out whether the product you want to develop will ultimately be the solution to a problem your customers are facing.

In addition to knowing the problem you want to solve, you also need to know who you’re solving the problem for.

Who’re you making this for?

This means you need to set a target audience for your product and build something that caters to their needs.

Next, you must be aware of who you are up against. This involves extensive research on existing products circulating in the market, and building something that offers more, or better, than what your competitors provide.

Keeping all of this in mind, here’s how the timeline for an MVP rollout looks like:.


The first 1–3 weeks involve workshopping to generate a prototype for your product with the utmost focus being placed on clients. This results in a digital prototype tested on appropriate personas and an extensive report with the insights of the workshop. You then weigh these findings against competition benchmarks and, after further user analysis, refine the experience to prepare for the production of a top-of-the-line UI design in the next phase.

Proof of Concept

In the second phase, we focus on building an MVP in line with the Lean Development Methodology. The purpose of this particular phase is to create a product that is as simple as possible, incorporating the customers’ needs into its development. To ensure that the work starts smoothly in this phase, we begin by organizing a kick-off meeting, mobilizing all the team’s goals beforehand, resulting in a clear roadmap for development.

Commercial Product

The third phase is where further development takes place on the product. You can now start to integrate the product with existing systems while following a roadmap for development and listening to the customers. And then, finally, at the end of this phase, you have a product that you can deliver to the market that caters to the needs of its target audience and is tailored to the organization’s profile.

Like what you read? Contact Liquid Technologies NOW to schedule a call with our Growth Advisors, and kickstart your own MVP!


The Importance of Data Engineering in Business Success

One of the advantages of living in a decentralized, globalized economy is that you have instant access to almost all kinds of information. The disadvantage, however, arises in the way you handle this information.

Read More

The Manifest Names Liquid Technologies as one of the Most Reviewed Software Developers in Dubai

The Manifest recently announced its list of the most-reviewed B2B companies in Dubai and we are proud to be part of this list!

Read More

Soundraw Review: AI-Powered Music Creation Tool

For aspiring musicians and artists, Soundraw is the ultimate music production tool to create and enhance music.

Read More


Lumen-5 is an AI-powered Video Creation platform that allows businesses to present product ideas and propositions through a compelling and engaging narrative. It does this by converting your blogs, whitepapers, and other written content into videos in a matter of minutes, and with the simple click of a button.Lumen-5 achieves this feat by harnessing the […]

Read More

5 Common Mistakes in UI/UX

It is indeed true that one’s role as a UX designer is not limited to just designing a few compelling buttons and creating a visually pleasing layout, but a lot more than that. UX designers have to take a holistic view of the user journey, and use those insights to make their work user-centric in […]

Read More

Element Data Brings Datasets and Visualizations to Snowflake’s Government & Education Data Cloud

Element Data today announced the launch of its World Bank Global Education Statistics datasets and visualizations as a prebuilt solution for the Government & Education Data Cloud, launched by Snowflake, the Data Cloud company.

Read More

Liquid Technologies Is Getting Attention As a Game-Changer in The App Development Industry

The app development industry has etched itself in history as a major landmark, primarily because it completely changed the nature of business transactions.

Read More

The Future of Artificial Intelligence in Mobile App Development

The advent of Artificial Intelligence has caused a radical transformation in the tech world. And Chat-GPT is only a harbinger of the countless different ways in which this invention will take over human tasks, completing them in a far more effective manner.

Read More

Video Analytics for Optimizing Business Operations in Various Industries

Video Analytics has evolved greatly in the physical industry via its comprehensive security and surveillance features like facial recognition, object detection, and intrusion alert.

Read More

Top 5 Mobile App Development Trends of 2023

The world of mobile app development is volatile, marked by continuous innovations and changes looming in the distance. In such a turbulent environment, the onus is on speed and adaptability, i.e., reacting swiftly to sudden shifts and inventions. For mobile application developers and resellers, staying updated on emerging technologies and rising trends is a crucial […]

Read More

Top 5 Business Intelligence Tools for Small Businesses

In today’s time of digitalization and advanced analytics, the importance of Data Analytics and Business Intelligence cannot be overstated. No matter what size your company is, having access to accurate data is crucial for informed decision making especially in areas like enterprise resource planning, market analytics, and business operations. All of the decisions taken are […]

Read More

Open AI: Pushing the Boundaries of AI and Revolutionizing the Industry for a Better Future

What is Open AI? In the early 2000s, the global growth of Artificial Intelligence (AI) raised concerns about the potential for an uncontrolled and emotionless intelligence explosion which could pose an existential threat to humanity. Recognizing this challenge, Sam Altman and Elon Musk took the lead in promoting the safe and open development of AI. […]

Read More

How to pick the right tech partner

Creating your own, custom software is not an easy task, especially if you don’t really have any experience with tech. But should that be the case? Building a product, growing a community around it, and spearheading it into success is not the easiest of processes. You can’t possibly get the most benefit out of the […]

Read More

Intro to Data Warehousing and Analytics

A data warehouse is a data management system specifically designed to facilitate and support businesses with their business intelligence (BI) actions and analytics. Data warehouses handle queries and support analytics and typically contain large quantities of historical information. The data within the data warehouse services are usually drawn from various sources, including transaction applications, log […]

Read More

Your guide to an MVP

Growing a business is like climbing a mountain. You have a vision of where you want to go, but the path isn’t always clear. You take one step at a time, learning as you go.

Read More

Artificial Intelligence and it’s Efficacies

Before delving into how Artificial Intelligence is used in Pakistan, it is important to first understand what exactly Artificial Intelligence (AI) is.

Read More

A Step-by-Step Guide to Creating a Power BI Dashboard

Data visualization has grown to become an integral part of our work lives, be it personal or corporate.

Read More

Serverless Development

There was a time when developers and companies invested a lot in hardware and places to store them.

Read More

Hybrid vs Native App Development

Application Development is an ever-growing industry. The ease with which the Mobile Apps have created has led to an increase in the frameworks and technology spurring its growth with the need going up

Read More

Data Driven Dashboards

Liquid Technologies is a Data Consulting, Data Visualization and Insights Gathering Company with a focus on Predictive Intelligence and scalable software solutions on the cloud.

Read More

Predictive Intelligence Training

For starters, Predictive Intelligence goes by several names, most notably Predictive Analytics and Predictive Recommendations. Each has a similar meaning—for our purposes, we’ll use Predictive Intelligence.

Read More

Business Intelligence And Analytics In Retail Industry

In today’s world, Data plays an important role in how we do business, more and more data driven companies are coming up the block.

Read More

4 Main Ways to use Business Intelligence in your Business

In this article, we will discuss how we can use BI in our day to day businesses in order to achieve success

Read More

How Business Intelligence is Disrupting the Retail Industry!

Business Intelligence has transformed the way we do business over the years, by dishing out billions of data points from multiple data sources and impacting different industries.

Read More

Liqteq’s BI Restructuring Data-Driven Decision Making In The Pharma Industry

Today’s pharmaceutical companies are large and complex with a critical need for information and data.

Read More

Banks – How liqteq’s BI insights are taking Banks to the next level

Business Intelligence (BI) is responsible for enhancing the banking operations like identifying patterns, analyzing connections, addressing and resolving issues in real-time etc.

Read More

Why Your Company Needs To Care About Big Data

First of all, lets clear out the buzzwords, which are big data, artificial intelligence and digital automation.

Read More


Top Mobile App Development Company On Clutch


Top Mobile App Development Company On Good Firms


Top Mobile App Development Company On Futura


Top Mobile App Development Company On UpCity

Schedule a call with our Growth Advisors

Contact Us

Sign Up For Game Development Services

Let's Talk Contact Us

Trusted by

Copyright © 2023 Liquid Technologies | All Rights Reserved.