3 Types of MVP Models That You Need to Know

by 7k Startup Build your startup mvp faster

Many startups fail because they jump into something that they have no idea about. According to sources, 70% of the startups fail in the first 5 years because of bad strategy. If you are all set to run your business, then make sure that you build a strong strategy that might help you to grow bigger and better. MVP is the best strategy that you can adopt for your business. This will help you to gain a better understanding of your customers and you can investigate the problems. There are so many different solutions that will benefit you from this. But, there are 4 models for MVP for the startup that you might don’t know. If you are all set to develop MVP, then it is very important that you choose the right models. Here are 3 types of MVP models that might help you to get a better insight.

Here are the 3 types of models that you might know.

Piecemeal

If you want to make your products through multiple sources, then the Piecemeal model is right for you. If your idea is to take deals from the various stores and add them to your store, then this model works perfectly for you. This kind of idea will help you to earn a little commission when some of your customers purchase something from your website. You can also warn a little commission with this. While developing this kind of idea, just make sure that you go for this model.

Wizard the Oz

If you don’t have the expertise and you also don’t have time to make a perfect automated system, then Wizard the Oz is the answer. This fake system has a fully automated system but it is the human who will do all the tasks. This is one of the most recommended models for startups as it has feasible business model. If you have feasible models, then you can have automated models in the future.

Concierge MVP

Wizard the Oz and Concierge MVP works the same but one slight difference is the Wizard the Oz works behind the system where it hides behind the system. Instead of buying a prototype, you can just go to this model. With the help of this model, you can just test on the small group of people and get the required feedback. If you are still unaware of the technology or doubts on the existing technology, then this model is the best solution.

MVP is the best strategy that can help your business to grow. There are so many ways where you can make sure that your MVP works for your business. It will also help you to ensure that business gets the feedback that is important. 7K Startup is the best platform where you can build your very own MVP. We have solutions for your business problems and ensure that your business gets the heights that are required.