How do I validate an MVP?

1. 7 Steps For Validating Product-Market Fit Before Building an MVP.
2. Step 1: Prioritize Your Hypothesis.
3. Step 2: Prioritize Target Customers.
4. Step 3: Define Success Criteria.
5. Step 4: Sketch Mockups For Each Hypothesis.
6. Step 5: Identify Additional Things You Want To Learn From The Audience.
7. Step 6: Prototype It Up.

What are the questions asked by customers?

5 Questions Every Customer Asks

• Do I want to do business with this person?
• Do I want to do business with the firm this person represents?
• Do I want and need what this person is selling?
• Does the price and value meet my expectations?
• Is this the right time to buy?
• Order Matters.

How do you validate product fitting?

Achieving product/market fit

1. Identify Your Target Customer.
2. Understand the Big Customer Needs.
3. Know what you offer as a Value Proposition.
4. Specify your Minimum Viable Product Feature Set.
5. Create Your Minimum Viable Product Prototype.
6. Test the MVP Prototype with Potential Customers.
7. The 40\% rule.
8. Bounce Rate.

What do I need to maintain MVP?

When you build an MVP, you build it off of features you feel are most important to your customers….Measure the results

• Word of mouth (i.e. traffic)
• Engagement.
• Sign-ups.
• Downloads, launch rates, etc.
• Percentage of active users.
• Client Acquisition Cost (CAC)
• Number of Paying Users.
• Client Lifetime Value (CLV)

What are the best sales Questions?

Sales Questions to Ask Customers

• “Do we need to include any other decision-makers in our conversation?”
• “If timeline or budget were not constraints, what would your ideal solution look like?”
• “Why is this a priority for you now?”
• “What challenges do you think will come up as you try to purchase the product?”