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This concept can also be used in an existing business.
For example, launching an online store https://dinarys.com/mvp-development-services is a confident step from offline business to online. With the help of MVP you can reach a new audience, test the demand, check the viability of the idea.
If we take into consideration the statistics, only every 10th startup turns into a successful product. The reasons are different: there is no demand on the market, the solution has no value, an ineffective team works, the product is not simple, but "raw". And this is just a small part of all the different scenarios. Before developing a full-fledged product, it is necessary to test its relevance and ask for feedback from the potential audience. There are various tools and concepts for this.
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