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MVP

What counts as genuine traction short of paying customers?

How do you know when to lay down the money for an MVP? Do surveys and potential user interviews count? Does first hand knowledge of the problem count?

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Danila Nikolaev

Product management and monetization strategy

Hi! First of all I recommend to make a pitch deck for yourself that completely describes your product, user needs, market and theirs validation and lay down money after you will be confident with that document on proof of concept (it will cost you much less then creating MVP).

I'd be happy to talk further with you about the difference between MVP and proof of concept stages and help you to set correct KPI to each of them regarding your product

Answered almost 7 years ago

David Favor

Fractional CTO

My rule of thumb is only sales count.

If I can't turn an idea into a sale by end of day (via completely manual means), I move on to another idea.

For example. Have an idea + mention it places you cultivate (where you post or interact with people) + if you get a sale by end of day (use a PayPal manual transaction), then you might have a good idea.

Meetup groups + CoWork space talks are good too.

If you can give a talk to a group + generate a few manual PayPal transactions, you may have a winner.

No sales == Get a new idea.

That's my rule for myself.

Answered almost 7 years ago