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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.
Is your B2BProductMarketing strategy working for you? Brand positioning, demonstrating your value proposition to other businesses, and making channel decisions; B2Bproductmarketing can become a complex process. Finally, set SMART goals and KPIs or OKRs for tracking your marketing performance.
The difference between aspirin and other pain relievers is analogous to what many B2B solution providers do. Each brand of pain reliever uses a common ingredient (a platform) plus a sprinkling of additional ingredients for specific ailments (features for specific market segments in B2B). Related Articles.
If you’re in productmarketing or product management, you’re likely familiar with the concept of user personas and buyer personas. These terms might even be used interchangeably in your organization to describe a product’s customers. Understanding B2B Personas and the Link Between Them. It’s the department persona.
However, getting the attention of your target customers with B2Bmarketing strategies is a lot harder. This article will teach you the difference between B2C and B2Bmarketing, go over a few B2B examples, and walk through 15 proven strategies that can take your productmarketing to the next level!
Trying to figure out what your B2Bmarketing team structure should be? Whether you want to bring in more demand from marketing campaigns or retain customers through better in-app communication – the right marketing team is a must. A content marketing team for driving traffic and engagement through valuable content.
Businesses invest heavily in productmarketing through webinars, blog posts, and video content for a reason – it gets them notable results. If you’re looking to start or improve your SaaS productmarketing strategy, this is the article to read. Product management focuses on building the right SaaS products.
I recently led a workshop for an organic tech farm startup that wanted to set its foot online for selling organic food to B2B customers. Refer image 2. This brings sustainability when strategies or decisions need to be pivoted to respond to the market changes.
B2Bmarketing automation helps businesses grow faster, while not breaking the bank. How do you effectively implement B2Bmarketing automation into your existing productmarketing activities? In this article, we’ll cover: What B2Bmarketing automation is and how it benefits marketing and sales teams.
In my view, the disciplines that drive product success – strategy, planning, marketing, development and operations – are also critical for company success. Establishing and cultivating product-market fit across product category stages – early market, growth, scale and maturity – are important parts of a product manager’s job.
Table of Contents The problem with defining product-market fit In search of quantitative indicators of product-market fit 6 things about measuring product-market fit 1. With that in mind, product-market fit is a spectrum 4. Once you find product-market fit, it’s not static 6.
I presented at auto shows and other B2C events and discovered that there was a whole B2B trade show world. It’s usually marketing or an events manager. There’s always a productmarketing person or a director of marketing involved. It’s usually marketing or an events manager.
It might be in the form of a story board, or a narrative like a white paper, or a prototype (referred to as a “ visiontype ”). Normally I encourage teams to construct a product strategy around a series of product-market fits. Why are Product Vision and Product Strategy so important?
The “shiny penny” approach (focus all your attention on the hottest tools in the market) or “head in the sand” approach (fall victim to analysis paralysis and avoid choosing any tools) are no longer viable. What is a marketing technology stack? This works as well for a B2B company like Intercom as it does for any B2C company.
And should you, as a product manager care about it? What difference does it make if your product is B2B or B2C? moment”: By using your analytics tools to study the in-app behavior of your most successful customers (eg longest-serving, highest spending, those who have referred most new customers, etc). Identify your “Aha!
The journey to product-market fit 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-market fit. This is an important principle in the product-market fit journey. How many is a few?
In March last year, my colleague and Mind the Product’s Director of Training, Rosemary King, wrote about how the company departments working alongside a product team could better work together to meet their common goals and to improve working practices. The concept is so simple, but so effective.
Compatible segmentations for Sales, Marketing, Product, and Engineering, for shared reference points. Product behavior: This refers to classifying customers by how they use your product or service in terms of frequency, inputs (e.g. Permission to have subsets and overlays, for complete context.
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 B2Bproduct and a B2C one. For early stage B2Bproducts?—?working
Looking to know the average B2Bproduct manager’s salary? According to Glassdoor, the average B2Bproduct manager salary in the US is $161,935 , with the average product manager salary range being between $100,000 and $267,000. In this article, we dive deeper into the average product salaries of B2B PMs.
If you think about it, those skills, to a greater or lesser degree, are required in just about any market or customer-facing role in a high-tech company. In B2B software and technology companies, that’s usually the case whereas in other industries these titles vary in their responsibilities. Sales quotas? Blaming losses on a bad demo?
Is your B2Bproduct easy to sell and easy to renew? I realize not every product person has to navigate sales stakeholders. But if you’re working on a B2Bproduct with a sales force, odds are you know what I mean. I’ve learned first-hand many of the product mistakes I highlight below. Doing it all yourself?
If you ever worked in a B2B startup, you know that you are chasing opportunities. On a B2B startup, it can look something like this: people are willing to talk to you, and you get a few POCs. None of them pay yet, but maybe your focus is to get traction (luckily revenue and reference both start in R, so the model still works).
If product management is a contact sport, what’s your organization’s risk of injury? Delivering, marketing and selling products in B2B is a contact sport in many ways. Think of the product delivery process as the athlete. They’re also your ticket to strong customer references.
By ensuring the external messaging is in sync with the internal product planning your opportunity for success and customer satisfaction is greatly increased. Product people need to think end to end. Today, as always, I’m joined by our SVP of product, Mr. Paul Adams. What is productmarketing? Hello, Paul.
It is a small but prominent element that drives every other component of your marketing strategy. As a productmarketer , it is your job to identify the best target audience for your product, while also finding the best pricing options, distribution channels, and unique value propositions.
For organizations, this approach builds long-term competence for delivering, marketing and selling solutions that address unmet customer needs, regardless of the organizational chaos that’s constantly swirling around the products. The post Learning Product Management Skills vs. Training: Big Difference!
Perhaps you’re a productmarketer, product manager or data scientist. Perhaps you recently negotiated the purchase of new software, outsourced a research product or hired an agency to help with product or content design. In contrast, savvy vendors align their sales process to the way the market wants to buy.
Perhaps you’re a productmarketer, product manager or data scientist. Perhaps you recently negotiated the purchase of new software, outsourced a research product or hired an agency to help with product or content design. In contrast, savvy vendors align their sales process to the way the market wants to buy.
Julian Dunn Julian Dunn, Head of Product at Airtime Rewards Tremis: Julian, what does Airtime Rewards do, and what do you do in your role as Head of Product? As Head of Product, I cover both B2C and B2B technologies. I specialize in complex content marketing operations, optimizing workflows and driving business growth.
What are the B2B SaaS metrics you should be tracking right now? But to get the product growth insights and measure the success of your productmarketing efforts, it’s crucial to know and optimize the actionable B2B metrics. What is B2B SaaS? What are B2B SaaS metrics? Customer Acquisition Cost.
There are the obvious things product management does. I want to focus on the responsibilities of B2Bproduct management that don’t get much airtime. In fact, there are a handful of things that aren’t typically associated with product management that should be. For some, a market means a user or buyer persona.
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. Product personas are fictional characters that represent real users. Product personas help product managers keep alignment between the product and its vision.
For organizations, this approach builds long-term competence for delivering, marketing and selling solutions that address unmet customer needs, regardless of the organizational chaos that’s constantly swirling around the products. Here’s the thing. It’s one thing to understand what customer-driven means.
Establishing a UX Research Program forGrowth A successful implementation of UX Research in the growth funnel requires: a) Team Alignment: Building bridges between product, marketing, data, and design teams to ensure research insights are shared and applied holistically. References: AMPLITUDE. Available at: [link].
The classic example sees a company move from niche startup to mainstream scale-up, but it can also see companies hone their product-market fit by focusing on a more specialized, and yet more lucrative, user base. Alan Gleeson is a B2Bmarketing consultant based in London with a passion for helping SaaS businesses to grow.
Compared with more complex models like B2B SaaS or marketplaces, these businesses can launch faster with less capital for many reasons: no sales teams, rapid purchasing cycles, high gross margins with low marginal costs to serving additional subscribers, and turnkey global distribution, payments, and support tools through the app stores.
Finding reference customers is the fastest path to achieving product-market fit. Find 6 to 8 B2B customers, or 15 to 25 B2C customers, and make something they are willing to recommend to other people. Also, consider their interest in engaging with you as a demand signal.
The Adjacent Users are aware of a product and possibly tried using the it, but are not able to successfully become an engaged user. This is typically because the current product positioning or experience has too many barriers to adoption for them. Solving For The Adjacent User Captures The Potential Of Current ProductMarket Fit.
I’m often asked by B2C product 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.
If you have any kind of good product-market fit, you will get copied, and once you get copied, there’s no reason to pick you over other companies. But I think for the rest of us, building B2B or B2C SaaS tools, speed actually matters a whole bunch. It’s a huge competitive advantage. Slowness is viral.
Note: I worked on consumer products before but spent most of my career building complex enterprise (machine learning) solutions. Some of my sharing might be more tailored to B2B settings but the general lessons should still apply to most product manager jobs. Finally, make sure to focus on the highest value product initiatives.
Every successful productmarketer has at some point wondered how to create a persona. Good user personas are critical to any successful productmarketing campaign. Here, you want to identify their motivations for using your product or service. Put simply, user personas impact your entire business model.
B2C apps tend to have a higher DAU/MAU ratio than B2B apps. Time to value (TTV) refers to the time it takes your new customer to reach the Aha! moment, i.e., to realize your product’s expected value. Customers who buy your product expect to receive its value as quickly as possible. Time to Value. Feature Usage Rate.
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