Market penetration demands attention to detail regarding the selective audience and the product's usability. The new market exploration strategy must be clear, well-tested, and low-risk.
Product Market Penetration is an art and a bit of a science. One can follow many strategies based on their type of service/product, but a few basic methods will remain universal.
We know MVP supports lean product development, with minimum features possible in the first version. But the million-dollar question is how unpolished MVP can be that can be accepted for the first release. Let us find out.
An idea to MVP, and then MVP to Beta - a lot is going on in-between the phases. Read certain do's and don'ts while moving from an MVP phase to its Beta version.