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The core focus of these activities is on thorough market research, continuous customer engagement, and strategic product development. We explored the 19 essential activities that define successful software product management today. Why study the 19 key activities of software product managers?
The customer development and lean startup methodologies evangelized by Steve Blank and Eric Ries brought us a better approach that favored experimentation over elaborate planning, customerfeedback over intuition, and iterative design over traditional “big design up front” development. Target Audience. Value Propositions.
You can spend months working on a great idea, pour tons of time and energy into crafting the perfect marketing, but without customers your business will cease to exist. All future growth hinges on one thing – customer acquisition. Mobilize your influencers to drive customer acquisition. Want more advice like this?
On the last Built for You episode, we talked about how customerfeedback informs the features we build at Intercom. For this virtual panel, we’ve gathered the team that made it happen: Thomas Creighton de Farias – Senior Product Education Producer. Alex Potrivaev – Senior Product Designer. Wal: And I’m Wal.
But since most online advice is either generic or meant for ecommerce businesses, where can you begin as a productmarketer working at a SaaS? While first-party data is usually collected automatically by your platform or initiated by your brand through surveys, zero-party data comes from the user’s initiative.
Productmarket fit, often just called product/market or “P/M” is one of the most important Lean Startup concepts. There is a lot of information out there about why it’s important for having a successful product and grow your business, but finding out how to achieve product-market fit can still feel elusive.
A good grasp of the customer value chain is essential to product-led growth. Having a clear idea of how your solution adds value to your customers’ lives is the only way you’ll be able to clearly communicate the core benefits and get your value proposition across. What is the customer value chain concept?
So how did they go from product-market fit to actually scaling a sales org around a repeatable sales process? If you’d like to hear more, you can listen to our full conversation above, or read Jeanne’s insights below. But here’s the rub: this handoff is totally unnatural to the customer. What’s not to like?
I’ve added a quick summary of the key insights from each book. The four steps are Customer Discovery, Customer Validation, Customer Creation, Customer Building. This provides a step by step approach to iteratively building product ventures. I love that it focuses on customer behaviour. by Justin?—?Takes
How do you design a marketing roadmap that structures your project and keeps your team organized through the marketing lifecycle? A high-level strategic plan is the life force of a successful productmarketing campaign. It connects business objectives to your marketing efforts and covers every important detail.
years and more to get any consistent flow of customers going. It means saying NO to those enterprise customers that you’re so used to getting with additional services and customizations. With outbound enterprise sales, you need to reach out to many people to get some calls. years or so. That made us the benchmark to beat.
Product, marketing, and sales are table stakes for growth. We see wildly successful companies and attribute their success to a combination of their product, the story they tell about it, and their ability to monetize it. In that process, the whole sales, marketing, products, go-to-market, commercial model is going to change.
Patrick Cuttica , the public-held company's director of productmarketing, discussed scaling and positioning a productmarket team , especially in a growing organization, during an AMA that originally appeared on Sharebird —the place to see how people at top companies do productmarketing.
Patrick Cuttica , the privately-held company's director of productmarketing, discussed scaling and positioning a productmarket team , especially in a growing organization, during an AMA that originally appeared on Sharebird —the place to see how people at top companies do productmarketing.
Because of the limited scale any business could operate in – a scale which was literally dictated by their location – it was relatively easy for them to build personal relationships with customers. And with that explosion in addressable market came an explosion in customer service requests.
You can tackle your marketing plan in three steps: Step 1. The first thing you need to know to craft a successful marketing plan is…what your users “hire” your product for. What job do they need to get done with your product? Does your product help employees save time while invoicing? Paid digital ads.
In the article, we’re looking at the responsibilities of strategic product managers and how they can use data effectively to shape product strategy and deliver delightful experiences to users! Product strategy defines who we are building for, what to build, and how to build it. What is strategic product management?
Looking to implement a product-led GTM for your brand? With the right approach, the product-led model can help you attract and retain customers almost effortlessly. Let’s dive into the practical steps to take and start reaping the benefits of product-led growth. Ready to implement product-led GTM for your SaaS?
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.
You will discover the latest content marketing trends by people who began their careers as content writers and have no shortage of MQLs. Creative email strategies and other outbound hacks, and of course, this playbook wouldn’t be complete without Product-led growth frameworks that have led to double-digit ARR growth rates.
An insight into ProductMarketing roles, responsibilities and KPIs after interviewing dozens of ProductMarketing Managers. The State of ProductMarketing today ProductMarketing is like Customer Success was 5 years ago; misunderstood but easily thrown around.
It’s important to find KPIs that will provide insight into your business and help uncover underlying issues. Let’s acquire Company X and upsell their product to all of our current customers.” If churn is up, what does our real data about actual lost customers tell us — beyond our own recency bias and anecdotes?”)
TL;DR Product-led growth (PLG) is a go-to-market strategy where the product is the main driver of customer acquisition , adoption, and account expansion. Offer a free plan or trial to ensure a constant flow of customers and allow them to experience the product value. What is the product-led growth strategy?
It’s clearer than ever that customers (and businesses) prefer conversational support. It’s quick, efficient, and personal, meaning that customers can get the answers they need, where and when they need them. Conversational support is the modern way to resolve customer questions through a digital-first, messaging-based interaction.
There are five segments in the technology adoption lifecycle: Innovators; Early adopters; Early majority; Late majority; Laggards; Some strategies to crossing the chasm include: Create a buzz to help attract the right technology enthusiast to your product early. Use popular platforms like Product Hunt to launch your product to get new users.
In this article, we’ll dive into the core principles of Ben’s approach, giving you a preview of the actionable insights you’ll gain from his talk. PLG relies on the product itself as the primary driver for customer acquisition , conversion, and MRR expansion. Reducing the need for traditional sales efforts.
Customer Success is the sexy new topic in the SaaS & Software industry. We’re here to give you a detailed understanding of customer success best practices. Another important aspect of growth is your ability to retain and renew your existing customers. Continue reading, if you want to learn: What is Customer Success?
The simple answer is that it combines product management , customer acquisition, and customer success into a unified product-led growth collective that your sales teams and the entire company can get behind. What is a product-led growth (PLG) flywheel?
We’ll also go over how to improve essential SaaS sales metrics like customer acquisition cost, annual recurring revenue, average purchase value, and expansion MRR so you can make the most out of your SaaS product. Nurturing new customers is the best way to reduce churn and increase expansion revenue.
Prospective customers have to be educated. Anthony Kennada , the Chief Marketing Officer at Gainsight , has helped navigate these tricky waters and put the Customer Success category on the map. Over the past four years, the number of Customer Success Managers (CSMs) in the industry has increased 400%.
But if a product allows people to tap into a pre-existing motivation but in a new, fresh way, then I’m interested. Third, I like to see a strong insight around how the product will grow. This used to be the case decades ago, but these days, startups fail because they don’t get traction in the market.
We spoke to Sharon Schwarzkopf, Head of Product at ReadyTech , to get more insight into how a product team working within workforce functions. We must listen and adapt to what real ‘value’ is to our customers and try to anticipate and deliver it. How is your product team set up at ReadyTech?
Whether you’re still validating your SaaS product idea or launching a new feature to an existing product line, thinking about your Go-To-Market Strategy is always relevant. In fact, iterating your strategy and improving each feature Go-To-Market plan as you grow and receive customerfeedback is even more important.
Customer success, support, and sales teams can be great allies in providing good insights or helping make higher-quality decisions. I mean, I don’t know what Intercom does for this at the moment, but for example, a lot of companies have developer relations teams, and I feel that that is a brand of product evangelism.
Product-led growth is a go-to-market strategy that relies on using your product as the primary vehicle to acquire, activate, and retain customers. It’s a strategy that puts the product at the forefront of your growth efforts, leveraging its value to acquire, activate, and retain customers.
Product managers can learn a lot from growth marketers. Growth teams can be part of product teams and modify the product to increase growth. Although some growth tactics are specific to outboundmarketing, many are directly tied to the product. Currier asks “how great is your daily email?”
Product Managers translate between the need to support the effectiveness of outbound activities (Sales, Marketing, Customer support) and the need for efficiency in internal ones (Strategy, Engineering, UX). Why does the contribution of others play such a big part in the product process? What’s your story?
But if a product allows people to tap into a pre-existing motivation but in a new, fresh way, then I’m interested. Third, I like to see a strong insight around how the product will grow. This used to be the case decades ago, but these days, startups fail because they don’t get traction in the market.
In this post, we’re going to provide you with the best ProductMarketing tools for each ProductMarketing Job-To-Be-Done – which are critical for allowing your productmarketers to do their work independently from your dev team or graphic designers! Post-signup: User Analytics : Hotjar , Heap.
What is SaaS marketing? We’re all familiar with the basics of SaaS productmarketing such as attracting users to a SaaS product with a subscription business model. That said, there are key differences between a SaaS marketing strategy and standard digital marketing. What is SaaS marketing?
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