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Side Hustle School

#1164 - CLASSROOM: The MVP of Minimum Viable Products

Side Hustle School

Chris Guillebeau

Entrepreneurship,, Side Hustle, Careers, Entrepreneurship, Business, Small Business

4.73.3K Ratings

🗓️ 9 March 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Let’s break it down: what do you REALLY need to launch your product or service in the next 30-90 days?


Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


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Transcript

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0:00.0

What's up, hello and welcome to Side Usals School. This is your host, Chris Gillitho,

0:09.2

taking off a new week. Here with the classroom episode, we're going to call it the MVP of

0:13.6

minimum viable products. Whoa, am I using some startup language? I'm afraid I am. But don't

0:19.2

hold it against me. I'll explain as we go along. In recent classroom episodes, we have looked

0:23.5

at all kinds of topics, how to decide between competing ideas, the three elements of every

0:28.3

compelling offer, which might come up again today. And then last week, we examined the difference

0:32.8

between what people say they want and what they really want. Now, over here in my world, it is

0:38.3

28 days until the money tree comes out. This is my new book, The Money Tree, Finding the Fortune

0:43.4

in Your Own Backyard. Very excited about it. I'm going to go on the road to 40 cities. I look

0:48.2

forward to meeting many listeners and readers. And as a quick reminder, you can pre-order the book now.

0:52.9

It actually helps authors when you do that. Pre-order the book from your local bookstore. Just go in and

0:57.6

tell them you want to order it in advance. Or any online retailer, including, of course, Amazon.com.

1:03.3

All right. So essentially what's happening here in this classroom series, we are going from

1:07.2

thinking about ideas to designing real offers, concrete offers, actual products and services.

1:13.2

And I do want to borrow this terminology, this concept from the startup world, which I almost

1:18.1

never do. I try not to use buzzwords or trendy words or startup e-words. But I like this concept

1:24.4

of minimum viable product, MVP, which is essentially, if you've never heard the phrase before,

1:29.6

an MVP is basically a version of a product with just enough features to satisfy early customers

1:36.8

and give you feedback for future product development. Okay. So we're thinking about something that's

1:41.6

really basic. The idea is to get to market quickly. You might have an idea, let's say, to launch a

1:47.8

series of e-books. I did that long ago. I had a business called Unconventional Guides. And when I

1:52.7

first started thinking about unconventional guides, I was like, wow, what is my series of e-books?

...

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