What is MVP?

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• An MVP (Minimum Viable Product) is always the
  first version of a product with only the core
  and most useful features meant for early
  adaptors. MVP Development is low cost, low risk,
  quick and it works! The term MVP (Minimum Viable
  Product) was first coined by Frank Robinson
  (Founder of SyncDev) back in 2001, however it was
  popularized into the masses through the works of
  Eric Ries through his works especially the book
  Lean Steve Blank.

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What makes a product an MVP?
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It is important to understand that an MVP
(Minimum Viable Product) is a relative term and
not absolute

• 1. An MVP is a smaller and quickly developed
  version of a potentially bigger software product
  idea.
• 2. An MVP is the version of your software product
  that should be created and launched within 3 to 6
  months.

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MVP (Minimum Viable Product) Examples from the
Real World?
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Both theoretically and practically almost all big
software products and Apps you use today were
once MVPs (Except a few examples of good old
office tools from giant software publishers, lol)

• Airbnb was an MVP not on the software side but
  also on the operations side as the founders used
  their own apartment to test the concept. As per
  my understanding, Airbnb is the most excellent
  example of an MVP in recent times.
• Big apps like Instagram, Youtube, Dropbox were
  all very-very lean versions of their current
  selves when they were just an MVP.

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MVP Development Cost How much does it cost to
build an MVP?
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• An MVP should be build inside 3 months (using 1
  developer team) to 6 months (with 2 developer
  team). As per our costing standards, this means
  between 9000 to 18000. Time Engineer skills
  are the major MVP Development cost factors here.

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Difference between MVP and MLP?

• However, an MLP is little more than an MVP where
  the approach is The customer not only accepts
  the MVP but also falls in love with that. Pretty
  much the same thing, however, the additional love
  makes it what? Well, a more loveable product! ??

• An MLP stands for Minimum Loveable Product and
  there is no set definition for this.

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