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How product managers can adapt core responsibilities across different organizations and contexts Watch on YouTube TLDR Through his research and practical experience at MasterCard, Nishant Parikh identified 19 key activities that define the role of software product managers.
You have to invest skillfully to test these assumptions. The smarter your investment in testing, the better your chances of product success. Here’s what we’ve learned based on our experience of adopting a testing mindset and seeing your way through innovative product development. Reduce the Costs of Failure.
I prided myself on knowing my customers. I served teachers, students, and administrators, each group with specific product needs and goals. When I built a new feature, I knew exactly who would benefit from it and knew who to call for feedback. In my new PM role at a large B2C, I felt lost.
Product Can you tell if your product is on the right track? It’s easy to answer whether you have a product/marketfit: can the revenue your customers pay for your product sustain (or even grow) your business?
If you are on the journey toward product-marketfit, you know it’s not easy. Every new product has its own fit to find. One of the hardest challenges of any product and any startup is of course reaching product-marketfit. product-marketfit under the hood.
“Customer experience” is a ubiquitous phrase. But in a world filled with jargon and buzzwords, let’s get down to what really matters: Understanding how customer experience impacts the bottom line. Customer acquisition. Customer acquisition. Customer experience is all about relationship building. Communication.
At some inflection point of growth, it becomes impossible to intuitively know your customers, let alone decide which ones to focus on. We could no longer assume all our customers had uniform needs and could be reached the same way. What is customer segmentation? This final assumption in particular was no longer true or useful.
Usability testing is an invaluable resource for UX researchers…but only if you’re able to recruit participants in the first place. This is a problem that our own UX researcher at Userpilot, Lisa, faced when she tried recruiting participants the traditional way. Recruiting usability test participants via email.
Table of Contents The problem with defining product-marketfit In search of quantitative indicators of product-marketfit 6 things about measuring product-marketfit 1. With that in mind, product-marketfit is a spectrum 4. Nothing matters more than retention 2.
By the time you see revenue (or a lack of it)—whether it’s in a dashboard, cash in the bank, or a cancellation notice from a churned customer—it’s too late to take corrective action. Your product team or company already made the choices that led to this moment. It’s something that already happened.
Customizing my recruiting process Before we get into my portfolio criteria, here’s some brief context on our company and what’s important to us so you can see how you might customize your own hiring criteria. Our product is also consumer-facing (donors and recipients). Beautiful and intuitive visual and UX design.
In this guide we’ll show you how your business can navigate the martech landscape to build a lean, productivemarketing stack, and how some of the fasted growing software companies are building theirs. What is a marketing technology stack? The anatomy of a marketing tech stack [with recommended tools]. Stage 2: Engage.
This will change the way that a lot of people think about productmarketfit, BS metrics, understanding the needs of the people that really matter. Video, Slides, Transcript and Rahul’s blog about this follow… Understanding Customers. “How would you feel if you could no longer use this product?”
What are the different types of B2B customer insights for SaaS businesses? When your product is catering to other businesses, it can be difficult for sales reps and other teams to understand the needs and experiences of the clients, especially if the client company sells multiple products. What are B2B customer insights?
Creating buzz with consumers or even having a product go viral is quite easy in a B2C (business-to-consumer) environment. However, getting the attention of your target customers with B2B marketing strategies is a lot harder. B2B marketing targets businesses and organizations rather than individual consumers.
One of the most powerful tools at your disposal in SaaS is in-app feedback surveys. If you can collect, interpret, and act on data that your users are sharing about their successes, problems, and how they feel about your product in general, you have a recipe for exponential customer growth and long-term user retention.
And before Instacart, Bangaly was at another “Insta” (Instagram), where he helped double the photo sharing platform’s monthly users to more than 1 billion. Productresearchers and managers call these realizations of value “aha” moments. They’re key to compelling people to give your product a try.
I’m often asked by B2Cproduct managers how B2B companies are different, or about switching between the two. Here are some thoughts on company-wide structural differences and how we product managers get our work done. It’s a more precise, if less emotional, version of a May talk for Lean Product/UX SV meetup.
The journey to product-marketfit might seem random, but it actually has a well defined high-level structure. Here is part two of the guide that will help you find your way to product-marketfit. This is an important principle in the product-marketfit journey.
Learn how to cut through the noise and make human connections presenting new products. A lot of new products are announced at trade shows and other events, such as CES for consumer electronics, International Builders Show for construction materials, and the National Association of Music Merchants for all things musical.
Creating a new product category also creates a plethora of challenges – from spotting the right market niche to convincing customers that yours is a service they need. If people aren’t looking for your solution, you have to educate them about the problem your product solves. Short on time?
Content marketing vs productmarketing? The goal of any marketing strategy is to attract and convert members of your target market into paying customers. But what is the difference between content and productmarketing ? The advantages of both marketing strategies. Definitely not!
How do you even know if you have no clue what your ideal customer looks like? That’s why you need a customer profile template. Read on to find out the different types that make a customer profile, how you can create a customer profile template in 5 steps, and some customer profile examples.
For one, in an ideal scenario, any new feature release requires a healthy amount of testing and, unlike B2C companies which build for general consumers and might have millions of users, most B2Bs are lucky to have a few thousand people regularly using their products. Take Mixpanel, for example.
Which product analytics tools should you be using? And what type of analytics really matters for a productmarketing manager? Some analytic tools are confusing, some are difficult to use, and some are downright irritating, making it hard to access the product growth insights you need. What are product analytics tools?
Testingproducts before you build them? I was now going to build things that mattered to my customers. I was tired of building products that no one used. He wanted to implement a Twitter-like feed so that the celebrities, who sold products on our site, could also post about their lives. Customers were pissed.
Who would be the best fit for this job? Someone who has a mix of product, project, and people management experience. PM with a technical background and a strong product sense. Who would be a BAD fit for this job? Who would be the best fit for this job? Product managers with ads or performance marketing experience.
What is a product persona? How is different from user or buyer personas? How can they help product managers build a successful product? We also look at the process of building a product persona, the data you need to collect, and some user persona examples that you can use for your SaaS. Book the demo!
Small but regular improvements are a more reliable way to achieve product-marketfit. Incremental innovation gives you time to listen to userfeedback. This is harder when you dramatically overhaul big parts of your product at once. This makes the product loved by our users ( check G2 reviews ).
During your first wave of growth, your initial customers are very important. You have to build a product that solves a problem and works well for them. You have to figure out how your product can solve that same problem, but for a broader set of customers. How to expand your market. Be ruthless.
Why KPIs from consumer companies don’t fit well with B2B/enterprise. Let’s acquire Company X and upsell their product to all of our current customers.” BigCorp has $2M set aside for Blockchain research. 2] The Most Visible KPIs are from Consumer-Focused Companies. 1] Generic KPIs? Diminishing returns.
How Product Teams Understand Customer Needs for Innovation. My colleague Rachel Young and I have been conducting research for the past year on how b-to-b organizations understand customer needs and apply them to product innovation. Upcoming Product Management and ProductMarketing Events.
They don’t value experience running product management teams , instead overweighting narrow technical or market segment familiarity. First, I observe that product titles and roles vary wildly across companies: there’s no consistency even within a segment. Each department wants to hire in its own image. Let’s unpack.
3 years ago I decided it’s time for me to leave my product role in a large B2B software company and start my own B2C startup called Missbeez. I would like to share with you some of the insights of my journey so far and the key differences between leading a B2B product and a B2C one. User = Buyer Sounds obvious right?
I want to grow my product Growth strategy The Racecar Growth Framework Choosing your north-star metric 🎖️ Winning at SEO (plus podcast ) 🎖️ Winning at content-driven growth Picking a wedge Come up with growth ideas Growth ideas Generating buzz Optimize funnels Improving retention Improving conversion Increasing virality (..)
It’s a good concern and a great question, one that underscores that the product management function has matured and become more essential, and as he pointed out, the internet has made both B2B and B2Cmarketing more quantitative and complex. of product managers report to the CMO (the most), while 6.7% Any objections?
Of the 1000 companies we signed up for to study their onboarding, 73% of B2C companies offered a free or freemium product, and 86% of B2B brands offered a free trial instead of freemium. In the Product-Led Era, your product is often the best driver of customer acquisition. What Is Freemium?
Getting confused between what to do as a B2B Product vs B2CProduct manager role? Let us start with understanding the difference in those two types of products. It is important to understand what B2B and B2Cproducts are. And B2Cproducts are products or services that are sold directly to consumers.
A good product strategy helps you to acquire happy customers and retain them over time. Here is how product strategy helps you overcome them. Photo by Braden Collum on Unsplash Working on product strategy is an iterative process. If the baton falls somewhere in the process, they will not become a customer.
And if they don’t find product-marketfit, nothing else really matters. It’s all about talking to customers and learning that you’re building something that’s actually useful. Continued usage: If you’ve got a prototype running, people continue to use your product even if it’s bad.
TL;DR Growth marketing focuses on enhancing customer lifetime value and retention through continuous experimentation and optimization. While a growth marketer emphasizes experimentation to drive growth and bolster retention, a productmarketer centers on activation and adoption.
For example, I have seen product teams that create OKRs around meeting with customers, and engineering teams that created OKRs around closing the tech debt. The problem with this approach is that it leaves a huge gap in the company’s ability to deliver on its top OKRs: the product itself. Is that realistic?
Interested in productmarketing manager roles? In this guide, we’ll explore the ins and outs of productmarketing manager roles through detailed job descriptions and handy templates. TL;DR A productmarketing manager is a professional responsible for promoting and selling their company’s products.
User persona templates are a shortcut to creating a user persona from scratch for your SaaS business. Contrary to conventional wisdom, for B2B SaaS, you don’t need to fill in every little detail about your user like their favorite food or where they went to school to create a user persona – it’s not a dating profile.
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