By Nerdbug LimitedMarch 13, 2024
The software product market is rapidly growing and it shows no signs of slowing down anytime soon.
According to AVCA (African Private Equity and Venture Capital Association), Studies suggest an average valuation of $12 million for Nigerian startups, higher than the continental average of $5.5 million
So, getting into software product development sounds like a great deal right?
And it is, but, you need to do it the right way.
That is why we will discuss the Top 6 tips for developing software products.
Let us dive in!
Imagine you’re building a cool new toy. Software product development is like that, but instead of physical pieces, you’re building a program with code that people can use on computers or phones.
It includes everything you usually do when building software, from requirements gathering to development, testing, and maintenance.
It is not just about building working software, it is building a product that can be successful and impactful.
Now let us discuss some of the top tips for developing software products.
If you must develop or have the thought of developing any software product, you must first research the target user, it is the most important stage of software development.
In other words, if you want to build, you need to know who you are building for.
Prior to embarking on product discovery, the initial step involves conducting market research This entails delving into the market landscape through thorough research, analyzing competitors, and gaining comprehensive insights into target users.
This now takes us to product discovery.
What is product discovery? Product discovery is the process of reaching your market and validating your ideas before developing. Product discovery in a practical way goes thus:
What are you trying to do? (KPI/core objective)
What are some ways you could do that? (opportunities, product, and customer exploration)
What do you think has the most impact? (Product market fit, meet business objectives)
You can use the following research methods:
Users interviews
Questionnaires
Surveys
Focus groups
Social listening
This way, you will not only validate your idea, but you will get a deep understanding of your target audience and their pain points.
What is MVP? Imagine you have an idea for a new game but you’re not sure if kids will actually like it. Building the entire game with all the bells and whistles would take a long time.
An MVP, which stands for “minimum viable product”, is like a first draft of your game. It’s a super simple version with just the core features that let you see if kids find the basic idea fun.
The best way to make sure your software product can succeed in the market is by building a minimum viable product (MVP)
Your users’ experience should be the main focus of your software product development.
Studies show that a good UX design can increase conversion rates by up to 400%
Ensuring your software product has a good user experience (UX) is like making sure your house is comfortable to live in. Here are some simple steps to help you do that:
g Agile methodologies in software product development stands out as a prime approach for crafting a top-notch product. By implementing these methods, you can maintain flexibility throughout the development process, swiftly adapting to evolving requirements. This adaptability is pivotal for achieving success in development endeavors.
So, what constitutes an effective Agile team? Such teams are inherently cross-functional. Therefore, your team should comprise software engineers, QA engineers, designers, and product managers.
When you are developing your software product, excellent quality should be non-negotiable
Rigorous testing will help you avoid being in the rank of poor software. That is why strict testing and QA must be absolute.
How do you make sure your software product is thoroughly tested? To start, you need a detailed testing strategy. A detailed strategy will help your QA team work more efficiently and plan tests more efficiently.
It is also a good idea to start testing early in your product cycle. Fixing bugs later in the cycle will cost more money.
Have a great idea for a software product but don’t know how to make it happen?
Don’t worry, we have got you covered.
We can help you build and grow your product from start to finish.
You will be talking with our technology experts
We specialize in developing top-quality websites, mobile applications and other custom digital solutions to meet our client's unique needs.
We design custom solutions that make the process of doing business easier for our clients. This solution can help you manage internal processes, improve reporting, while saving time and simplifying their processes.
Sometimes it's much easier to have dedicated IT staff to help you complete your projects in-house. and that's where we come in.