What is an MVP?

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Today's QuestionToday's question comes from Pete. If I were to use a Facebook or WordPress page to test the validity of my idea, would this be enough to act as an MVP?Jake's AnswerThe best way to define a MVP is that it is a solution that allows you to acquire users. Generally speaking, it's the minimum product you can build to get users.Emphasis on minimumMost problems can be solved with simple solutions that are mostly manual in the beginning. Is it an ideal solution? No. But does it get users in the door and allow you to validate your idea? If the answer is yes, then it's a suitable MVP. If you can take your results from the product and show traction and usage to investors, then it works as MVP.Questions to ask when building your MVPCan it be built for less than a few hundred dollars? This would be something like creating a WordPress site and then syncing to an email service.Is anything on your features list something that can be done manually? Can you or a VA take on the tasks and do the same thing manually that you want to automate?Founders often worry that what they're building isn't valuable enough if they don't add all of the features or automate processes? If you build something that only costs a few hundred dollars and you don't get any users, you can always move forward and build more features anyway. But if you build a product with a bunch of features you can't step back and then build a simple, inexpensive MVP."A MVP is the minimum amount you can do to acquire users. Most founders forget this and feel they need to do more before they can validate their idea."Ask your own questionGot questions about startups and/or startup culture? We’ve got answers. Head over to LaunchChat.io and record your own question to have it featured on the show.Join our mastermind for Startup FoundersJoin our free Facebook Group for founders working to build, launch, & scale together with the help of our startup experts at Launchpeer! Get more details and join the club at Launchpeer.club.Launch Recipes BookOur team is writing a book and it's nearly ready to ship. We profiled 40 of the biggest startups of the 21st Century and documenting how they scaled their businesses. If you want to claim your free book, visit LaunchRecipes.com.Stay in touchAsk your own questionFollow Jake TwitterCheck out Jake's articles MediumJake's personal siteCheck out LaunchpeerFollow Launchpeer on Twitter