I've heard varying opinions on this and have my own thoughts but I'd love to hear multiple sides of the argument from the community!
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Sometime for new ideas having an MVP first would be beneficial to showcase what you have in mind.
@anastasia_chow thanks for the feedback, Anastasia! Good luck on your upcoming launch :)
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I'd build the MVP - my audience needs to see what I am building for them to see the value. Also, I want to attract a niche audience who will have the higher probability of converting as early paying customers.
Build the MPV. People are growing weary of the startup that makes big promises, expects us to give our emails for "early access" - but with little reason to believe that they can pull off any of what they promise.
Prove what you can deliver first.
For me MVP, if your product can potentially solve an existing problem then the audience would naturally come. It's not like you don't have to build an audience, you still have to but if I can only pick one then MVP
I think it is important to do both simultaneously. However, I'd spent the majority of my effort on building the MVP so that the functionalities and features are ready for the users when going live. The audience can grow through personal networks at first. Only when the product is live, I'd get involved with heavy marketing efforts (e.g. SEO)
Both are required actually! If you have an MVP then you need a target audience in order to test the MVP. We can't test the MVP with the internal team, right?
Both building an audience and building an MVP (Minimum Viable Product) are important. However, the priority given to one or the other can vary depending on the specific circumstances of the startup.
If you have a unique and innovative product idea that solves a real problem, then it is important to have a working MVP to validate your concept and attract potential customers. Building an MVP in this case would be the priority.
On the other hand, if you are entering a crowded market and need to differentiate yourself, building an audience first through marketing and branding efforts can help establish your brand and create early demand for your product. In this case, building an audience would take priority over building an MVP.
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