Time to market is pertinent in every industry. In the technology world, the concept of MVP (Minimally Viable Product) is a development technique in which a new product or service is developed with sufficient features to satisfy early adopters, the final product or pilot is only designed and deployed after receiving feedback from an initial set of users.The problem with "MVP thinking" is that one can make the mistake of launching a barely functioning product without enough thought and consideration.
In contrast, the right way to iterate and launch new products is to go-to-market with a Minimally Awesome Product to focus on what will move the needle. It’s a disciplined approach to quality over quantity and an emphasis on what will make your product stand out. And consumer brands are finding creative ways to do just that.
Many companies in the tech world are well known for successfully using iterative development to effectuate speedy product launches. Companies like Google, Airbnb, and Instagram are the trailblazers of this approach - they are quick to market with products and then follow up with subsequent product iterations after receiving valuable consumer feedback.
Today, brands and retailers should not feel compelled to deliver the perfect ultimate solution at launch. Rather, they should borrow from the wisdom of Silicon Valley and rely on an iterative development process to quickly bring technology to market.
If getting shoppers into a fitting room can significantly increase sales, why aren’t more retailers trying to enhance the fitting room experience to create a connected consumer journey?
PredictSpring is excited to announce that The Lovesac Company, (Nasdaq: LOVE) the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch™, has chosen The Modern POS to provide an enhanced shopping experience for its customers and fuel future growth.
HD Buttercup, the iconic Los Angeles-based home furnishings retailer, today announced that they have selected PredictSpring to provide a mobile-first POS platform that includes a fast, highly customizable omnichannel solution for its stores.
When it comes to apparel and accessories, customers are no longer content with a standard shopping experience. But, with new technology, brands can completely transform their entire retail experience.
The evolution of mobile technology means modern beauty brands can now harness the power of innovation and adopt retail solutions that meet and surpass consumer expectations.
Brick and mortar is here to stay. Although consumers are using multiple channels to carry out product research, the physical store remains the first choice for finalizing home furnishing purchases.
The PredictSpring modern POS offers Telcos retailers an opportunity to set a new standard in the fast moving, digital-first world.
While wineries used to be built entirely around in-store tastings, it’s time for brands to step up the entire customer experience, both instore and online, with a forward-thinking retail solution.