Thu.May 02, 2024

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A Guide to Customer Retention: Importance, Strategies & Metrics

Userpilot

Customer retention is vital for product success and business profitability. Why? That’s one question we discuss in the article. You will also learn how to build a retention strategy, what metrics to track, and 10 bulletproof retention tactics for SaaS companies. Let’s dive right in! TL;DR Customer retention is the ability to keep your customers actively using their products.

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A product management framework for building successful wearable products

Mind the Product

Learn to craft user experiences, navigate technical constraints, prioritize battery life, and ensure data privacy. With insights on market trends and user behaviors, discover strategies to drive product adoption and succeed in the rapidly growing wearable product landscape Read more » The post A product management framework for building successful wearable products appeared first on Mind the Product.

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How To Keep Your Product Enhancement List to 12-ish Items

Product Management University

When it comes to managing your product enhancement list, there’s one thing you know for sure. The list is going to grow a lot faster than you can deliver the enhancements. Managing the product enhancement list is one of the most frustrating parts of your product manager job. There are so many perspectives and so many ways to justify the priority of any one feature over others.

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24 Customer Retention Marketing Tactics to Grow Your Customer Base

Userpilot

Are you struggling to retain your newly acquired customers? If so, the consequences can be severe. Poor customer retention drains your resources, reduces revenue, brings operational instability, and harms your reputation. It puts your product’s future at risk. Fortunately, there are things you can do to reverse the trend. In the article, we share 24 customer retention marketing tactics that will help you reduce churn and increase your product performance.

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How To Manage Multiple Product Teams For Successful Development & Delivery

Speaker: Leslie Grandy, Product Executive & Drew Weaver, Senior Program Manager

Effective management of multiple product teams necessitates a skillful coordination and guidance with the objective of aligning efforts towards shared goals. This entails constant communication, efficient task management, and ensuring that each team aligns with the broader organizational objectives. We can think about this like conducting an orchestra, where diverse efforts are harmonized toward a unified outcome. 🎯 Proficiency in these skills empowers product managers to navigate comple

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This will make you a better decision maker | Annie Duke (author of “Thinking in Bets” and “Quit”, former pro poker player)

Lenny Rachitsky

Brought to you by: • Vanta —Automate compliance. Simplify security. • UserTesting —Human understanding. Human experiences. • LinkedIn Ads —Reach professionals and drive results for your business — Annie Duke is a former professional poker player, a decision-making expert, and a special partner at First Round Capital.

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Gocious Just Released: Precise Prioritization for Large Organizations

Gocious Blog

One of the most challenging tasks in product development is deciding which features will define each product, which ideas you'll save for later, and which to abandon altogether. Your product stakeholders will bring varying opinions to the table, which can lead to lengthy discussions on the product's priority. That's where prioritization formulas are helpful, keeping everyone working together to find the best solution.

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How To Prepare For And Ace Your First PM Interview: The Basics

The Product Manager

Don't stress about your next PM interview. With these pro tips, that offer letter is in the bag! The post How To Prepare For And Ace Your First PM Interview: The Basics appeared first on The Product Manager.

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Data Lake vs. Data Warehouse vs. Data Lakehouse: Understanding the Differences

Amplitude

Data lakes, data warehouses, and data lakehouses are three of the most common data storage options. Educate yourself to make the best choice for you and your business.

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How to Evaluate Ideas to Build Impactful Products

The Product Manager

Need some quick-fire ways to prioritize your ideas and drive the best outcomes? We’ve combined our favorite techniques in one handy guide to help you fast track your best ideas toward the finish line. The post How to Evaluate Ideas to Build Impactful Products appeared first on The Product Manager.

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Generative AI Deep Dive: Advancing from Proof of Concept to Production

Speaker: Maher Hanafi, VP of Engineering at Betterworks & Tony Karrer, CTO at Aggregage

Executive leaders and board members are pushing their teams to adopt Generative AI to gain a competitive edge, save money, and otherwise take advantage of the promise of this new era of artificial intelligence. There's no question that it is challenging to figure out where to focus and how to advance when it’s a new field that is evolving everyday. 💡 This new webinar featuring Maher Hanafi, CTO of Betterworks, will explore a practical framework to transform Generative AI prototypes into

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The Art of Impact Mapping: 4 Steps to Create Your Own Map

Amplitude

Gain a deeper understanding of how impact mapping can help you build product features that achieve your desired results.

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Trends in SaaS Sector Operating: 2024 Benchmark Insights and Analysis

DevelopmentCorporate

The 2024 SaaS sector trends emphasize operational efficiency and profitable growth amid tighter market scrutiny and budget constraints. Companies are reducing workforce while increasing revenue per employee and improving EBITDA margins by cutting sales and administrative costs. SaaS managers are urged to adapt by focusing on early expansion revenue, streamlining operations, and leveraging AI for better market positioning.

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Use These Strategies For Monitoring Your Market Rivals

DevelopmentCorporate

Gloria Martinez emphasizes the importance of competitive analysis across various business dimensions—from SEO and social media strategies to customer service and HR practices. By conducting thorough evaluations of competitors’ operations, including their technological tools and marketing tactics, businesses can identify opportunities for strategic improvement, ensuring market leadership and fostering innovation.