Author: Olga Veretskaya

How Minimum Viable Product Can Help Internet Entrepreneurs

How Minimum Viable Product Can Help Internet Entrepreneurs

Business
Thinking about launching a product? Wondering how Minimum viable product can help you out? Let's imagine an entrepreneur who made a shipment of stuffed cockroaches all shapes and sizes at the factory, and now he is trying to sell it to you. How much time do you think a stuffed cockroach seller needs in order to understand that he will be stuck with these merchandises? And how much money did he spend to find out that people are not so keen to buy them? It looks a bit funny from the outside. However, things get extremely unfortunate if you were such a seller of an unnecessary product, to which you spent a lot of money, time and effort. Developing a complex final product, running sales and hoping that it will be bought is the path to failure. This refers to all businesses. Mini