In an organization, teams work on different tasks, implement new ideas and strategies, and find advanced solutions to problems. They work with more agility and learn new ways to design their products and services. These teams may have the ability to understand different theories and concepts. Nevertheless, they need to put their theories into implementation.
In this article, you will find out how a development team implements their ideas and presents them. In other words, you will learn the definition of Minimal Viable Product (MVP) and Prototype and their differences.
Key Difference: Prototype and MVP
What’s a Prototype?
A prototype is a sample that teams make before the official launch. It works as a simulation of the final product that indicates and tests potential problems with the design. The main purpose of creating a prototype before the final product is to save time and effort. You cannot implement your ideas on a large-scale production before checking the compatibility and features.
With prototypes, you can improve the quality of the product. Furthermore, these models help you resolve usability problems. You can launch the product after addressing issues.
Imagine launching a product without user testing and prototyping. It can be a disaster, with customers feeling unsatisfied because they expected something better. If you already test and resolve the common problems of the product, you eliminate the risk of product failure.
Another benefit of using a prototype is that it helps you to share the draft with potential users and obtain their feedback about the product. You can understand what kind of product your users need. Therefore, you can make changes and improve the product according to the user’s requirements. Below, you will find four qualities of a prototype:
Using these qualities, you can bring the most out of your initial model. Firstly, your model should represent the product you want to see as a final one. Keep in mind that the model should be of high-quality. As your final product will reflect the quality of the prototype, you need to give a lot of thoughts to it. Map out an idea about how your product can evolve over time and how it will interact with the target audience. You should mention the future iterations of the product and the ideas you can introduce for improvement and growth.
What Is an MVP?
A team produces a Minimum Viable Product to gather the feedback of the initial users. This research tool helps you to understand if your product is effective for the customers or not. This product should only offer the core values and features to the customers.
When you create an MVP from an MVP development agency and share it with the customers, you can generate insight from your initial customers and understand their needs and preferences. As a result, you can gather the data and adjust the product according to your customers’ needs.
Your goal is to provide a solution that effectively solves your customer’s problems. You don’t need to release the MVP at once, but you can launch the testing model after every update.
Regardless of understanding the preferences of your customers, MVP allows you to reduce the development cost. You can maximize your profits and include new features to attract more customers.
MVP is not about creating a small product that accomplishes short-term goals. Instead, it is a first and simplified version of the final product and aims to gather feedback from the customers. You can use this feedback to make improvements.
An MVP created by an MVP development agency also helps you test the monetization approaches and business model. Its main goal is to identify the features and experience; you should provide high-quality products to the users.
Prototype vs. MVP
You can simplify the difference between prototype and MVP by comparing these three factors:
There is a huge difference between the opportunities that MVP and prototype offers. Using a prototype, you can minimize the time and efforts you contribute to achieve valuable feedback. It enables you to improvise your ideas and make them relevant to the target audience. Until you come up with a final product, you can repeatedly change and test the prototype based on feedback.
On the other hand, MVP allows you to select an idea and make an effort to convert it into a success. You will require some additional resources and people to run a successful MVP campaign and hire an MVP development agency.
Since the opportunities we can avail from an MVP and prototype are different, they vary between your dedications. After investing your time and resources in MVP, you cannot eliminate the entire project. The concept of implementing MVP is to produce a cost-effective product. Changing the complete product and making it from scratch can be intimidating.
Having a prototype means that you have to completely remove the previous product and start it over. However, when it comes to creating a complex prototype, you need more resources and time to eliminate it. But the best part about using a prototype is that it does not bind you to the project, unlike an MVP. You can simply start it over.
3. Target Audience
The choice of developing the MVPs and prototypes also depends on the audience. The prototype is an internal tool to generate feedback. Teams within the company use prototypes for evaluation, marketing, and production. Prototypes do not entertain the audience.
An MVP helps to understand the needs of the target market. It allows you to evaluate the audience in the market. It also provides data and insights to create an eligible product for the market. You can create an initial model with your team or hire a professional https://www.purrweb.com/ – MVP development agency.
Famous MVP and Prototype Examples
1. Minimum Viable Products
A minimum viable product enables the user to successfully launch the product after assessing the market. Facebook, Amazon, and Airbnb are famous platforms on the internet that used to be MVPs at a time. After the positive response from the customers, these manufacturing companies launched their products. For instance,
- Facebook was a tool to communicate with friends.
- Amazon was an online bookstore.
- Airbnb was a tool used by the founder to rent their apartment.
The developer uses a prototype as a dummy for the investors and press conference. Below, you will find some popular devices constructed as a prototype:
- In 1983, Hartmut designed the prototype of the iPhone.
- Four engineers from Microsoft created a Windows-based gaming console that later turned into X-Box.
- The developer designed the prototype of the Nintendo Wii in 2012.
You will use a prototype at the start for assuming the results of your idea. You can use it to assure the investors about the capability of your product to engage the audience. It helps you to attract investors and prove that your ideas can be a success. However, the prototype is just a sketch or a dummy. It does not include any features.
Conversely, an MVP method helps you to test the efficiency of the product and how the users are utilizing it. Furthermore, it starts with an idea and, considering the feedback from the audience, turns into a professional tool. It allows you to develop an effective product according to market standards without wasting much time and money. Now, after the complete analysis of both the product testing techniques, you can easily choose one method for your business. Experts recommend utilizing both techniques as prototypes do not satisfy the customers but the investors. If you want to create an initial model for your product, you can contact an MVP development agency. They will help you plan your product with the help of their professional team.