I would definitely suggest being straightforward and honest with the potential customers you're talking to. And ideally, it would be better to have a MVP you can demo than nothing, but the main point here is that talking to potential customers before building anything is a better strategy than building a product and then talking to customers.
If you talk to a bunch of potential customers about a product idea and discover that there is demand for the product, then building a MVP that you can demo would be a logical next step. And if the MVP is something you can build quickly, then it probably makes sense to do this sooner than later.
The trap to avoid here is building products in a vacuum, based on assumptions about what people want and will pay for. Doing the customer development (pre-sales) work to prove, or disprove, customer demand for a product before building the product is wise.
Good questions!
I would definitely suggest being straightforward and honest with the potential customers you're talking to. And ideally, it would be better to have a MVP you can demo than nothing, but the main point here is that talking to potential customers before building anything is a better strategy than building a product and then talking to customers.
If you talk to a bunch of potential customers about a product idea and discover that there is demand for the product, then building a MVP that you can demo would be a logical next step. And if the MVP is something you can build quickly, then it probably makes sense to do this sooner than later.
The trap to avoid here is building products in a vacuum, based on assumptions about what people want and will pay for. Doing the customer development (pre-sales) work to prove, or disprove, customer demand for a product before building the product is wise.