So, you have to build a Minimum Viable Product (MVP).The advantage of building an MVP is that it saves a lot of time and cost to validate the product idea.
The MVP:A set of minimalistic working features that the early adopters can useShould be developed so that it validates the main product ideaLet the customers give feedback based on their needs.Should have the prioritized product features that perform the core actions of your product.The company begins modifying the product based on the features and develop the product.The MVP benefits the startups to save costs.
The price is also proportionate to the complexities o the features.
The cost will also increase based on the support you would require once the MVP is developed.
The in-house teams will develop the applications robust because of the constant interactions.
The founding team also loses focus on the business as they have to manage the team.