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I talk about it a lot when I speak about product strategy and in the CPO Bootcamp. But recently, I find myself clarifying this even further with the very confusing term product-led growth (PLG). It’s a great model but the name is quite misleading. That’s why I named my strategic product-led growth course ‘Unboxing PLG’.
If you are on the journey toward product-market fit, you know it’s not easy. Every new product has its own fit to find. When I studied coaching, one of the coaches who taught us was a guy named Ronnie. When I studied coaching, one of the coaches who taught us was a guy named Ronnie. So here it is?—?product-market
I bet with this last name he must have thought about creating such a game long before he actually did it. especially startups on their way to product-market fit, the ARR itself might not be important. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an It sounds scary, but for some companies?—?especially
Photo by Ono Kosuki from Pexels OKRs (Objectives and Key Results) are a useful tool for goal setting and team alignment, and in recent years they have gone from being used primarily in quantitative parts of the organization (namely sales and marketing) to being very popular in product and technology as well.
To see these trade-offs clearly, you can name each phase and chart in each series. The name should reflect the outcome or result that you are expecting to have at this point (e.g. enterprise-ready product, happy and retained design partners, new platform launch, etc.). the strategic level that matters.
The Dual Role of the Product Leader When you look at the product leader’s role (code name: CPO) compared to their peers (namely CMO, CTO, CRO, CFO), the product leader’s role stands out. It is to lead the company through its products , and that’s a huge difference. But Do You?
Even if you are advertising in order to build your brand (think Coca-Cola or Nike), you are educating the market on the kind of company you are (or the kind you want to be, but that’s for a different post). If people don’t want to get far, far away, even if your product can teleport them, it won’t succeed. What about Facebook?
Product-led growth is one of the hottest topics in our industry. Some people swear by the name of it, while others disregard it completely. Photo by R Khalil from Pexels Product-led growth (PLG) seems to be everywhere these days. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an
Someone (engineering, BI, product analysts, or product managers) would need to know how to calculate the number that tells you the current metric value. Usually, when I ask people for their metrics they give me the metric name (e.g. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an
Even if you are advertising in order to build your brand (think Coca-Cola or Nike), you are educating the market on the kind of company you are (or the kind you want to be, but that’s for a different post). Let’s get right to it: what are those things you can educate the market on, and where are you setting yourself to failure?
Name the specific skills that they are lacking or are not good enough at, and think about specific examples that demonstrate each gap. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an This part actually requires some preparation. Before you talk to them, make sure you understand exactly what is missing.
A product strategy is often the missing link that would convert your efforts into actual revenue. An economic downturn, a war — you name it. While I understand this distinction, I believe that a company cannot reach real product-market fit without nailing down its GTM, and vice versa. Here is how it works.
It can be heavy to handle, so I see many product leaders investing a lot of time in creating a unified repository of information: everything is in Trello/Monday/Jira/Name-your-favorite-tool. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an It’s in the documentation. Happy new year!
implemented them and took them to the market. I named at least 3 such attempts, and the CEO then saw and agreed that each such attempt was a step in the right direction. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an
The new pitch typically works much better than the older one (which in many cases was not built with a product strategy in mind, but rather a more generic company strategy). While the execution side is important, and the CPOs should definitely come up with a delivery plan, my recommendation is to not let go of the product strategy just yet.
Unfortunately, many entrepreneurs are ignoring this difference, and in the name of being lean, are adopting a spray and pray approach: try as many directions as possible, and see what holds. Learning to live and thrive with uncertainty is a key part of truly becoming a product executive. Help yourself succeed?—?in
Going through these iterations is what I do when I work with founders personally or through the new product-market fit masterclass. Product strategy is a special kind of strategy. Unlike what most people think, the product strategy isn’t the strategy of the product department. That’s about strategy in general.
Product Leadership Is a Business Role I make a distinction between product management and product leadership. Product management is the name of the profession and also a description of what some levels do.
In gathering as many viewpoints as you can, you will broaden your own perspective which is important to be able to lead the product in the right direction. It will also help you develop intuition , which has a bad name in a data-driven world but is actually a super important tool for you to use. Good luck in your new position!
At the next session, one of the product managers said that he watched the lecture and started implementing the advice I gave there, but when he started managing his calendar he saw that about 70% of his time is already booked with regular, recurring meetings every week. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an
Unlike what might be implied from the name, the lecture Itai gave discussed writing requirements for functionality that included estimates (in Hebrew), which were features that gained popularity back then. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an It was a great talk and I gave him my vote as well.
So we are going to create a simple table (preferably in your favorite spreadsheet tool) with the following columns: Customer profile name Customer profile description Value definition Value delivery Value perception Now you can start filling the table, where each row represents a different customer profile.
I could start comparing features and value statements, but there was a problem: I never met any of these names as part of our sales cycle. Six Types of Competition That You Must Be Aware Of was originally published in Product Coalition on Medium, where people are continuing the conversation by highlighting and responding to this story.
I’d get off the plane and there’d be 5,000 high school kids cheering my name with cars welcoming me to the country. Our free e-book “ Speed-Up the Journey to Product-Market Fit ” — an executive’s guide to strategic product management is waiting for you at www.infinify.com/ebook Originally published at [link] on August 9, 2023.
The target audience in this case was very specific (although very wide, and that’s also an important part of product-market fit). In the name of affordability and reliability, ease of use wasn’t the most important quality of the car. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an
Photo by Pixabay I recently led a product-market fit workshop at a known company in the Israeli tech industry. It is a well-established company, a leader in its domain, but it still needs to deliver new products to the market so product-market fit is a very relevant topic.
I am a grown woman who can handle a good compromise in the name of true love. My free e-book “ Speed-Up the Journey to Product-Market Fit ”?—?an an executive’s guide to strategic product management is waiting for you at www.ganotnoa.com/ebook Originally published at [link] on May 9, 2022. in good faith or not?—?that
. “When you’re running a support team, you’re dealing with waves of inflow, and we provide you with the tool to navigate those waves” Liam: I’m fascinated by your name as well. And so, we have things like a fish that loads the schedule within the product. There are advantages to that, I think.
This map should be part of your presentation, first in order to help people understand how you define each category, and second, because you want to list the names early on so that your audience doesn’t think that you are not going to address specific competitors. But it’s a teaser, not an in-depth analysis of each just yet.
Have you recently been invited to a productmarketing manager interview? One of the best and first things you should do is review the most common productmarketing interview questions and answers. Productmarketing managers play a critical role in bringing new products to market.
It was really like the early days, and from there I built with the team all of the go-to-market engine, from building the first sales team, then thinking about how to make the organization evolve as we were growing and finding product-market fit to where we are today. That’s what we call the start phase.
As you can understand from the name, most workshops are about novels and focus on how to build the plot and the characters that drive it. They named it after the feedback I constantly gave them on their presentations. If you follow the product-market fit example from above, it is clear that you need to focus on retention.
I’d get off the plane and there’d be 5,000 high school kids cheering my name with cars welcoming me to the country. My free e-book “Speed-Up the Journey to Product-Market Fit”? —?an an executive’s guide to strategic product management is waiting for you at www.ganotnoa.com/ebook Originally published at [link] on January 4, 2020.
While I personally find it too smug (because truth to be told there are alternatives, and I’m sure Spotify is well aware of them), there are a number of lessons we can learn from this ad as product leaders when it comes to competition. You will understand your product much better after that.
Inbound marketing means creating valuable content for your target audience to help them find you themselves. Ebooks, whitepapers, etc. SaaS Outbound Marketing. With outbound marketing, you’re more proactive. This includes using the local time zone and greeting their attendees by their names. Social Media.
The Slack Example When I was first introduced to Slack I was Head of Product at eBay, so I chose eBay as the company people work for in this example. I imagine it was something like that: Let’s say that we have an engineer named Sarah. How did people really start using Slack and got to become paying customers?
Here are our top recommendations for marketing agencies to partner with as a SaaS business: 1. Grow and Convert is a world-renowned agency that specializes in content marketing. It takes its name from combining the skill sets of Benji Hyam, a content marketer (”Grow”), and Devesh Khanal, a conversion rate expert (”Convert”).
Here’s an example of a Userpilot user persona: Role in the company ( ProductMarketing Manager ). For example: after the purchase, tell the user when your product will ship and include a button to the tracking page. For example, that’s when they download the ebook or start the free trial. Company details (e.g.
strategy, organization, process, people, you name it?—?and My free e-book “Speed-Up the Journey to Product-Market Fit”? —?an an executive’s guide to strategic product management is waiting for you at www.ganotnoa.com/ebook Originally published at [link] on March 4, 2020. It comes in multiple fronts?—?strategy,
Start with this: Product-Assisted Growth: The Best Kept Secret of Product Led Companies. Pragmatic Institute’s resource library spans everything from articles, reports, ebooks, and webinars to keep product professionals up to date on the latest trends. Episode 223: Leadership Lessons is Product Management.
The enterprise model: Succeeding with an enterprise sales model will require a sales team, outbound marketing, and enough capital runway to endure the long sales cycles. Much like the name suggests, you won’t be proactively selling SaaS to users in the self-service model. Video marketing (YouTube and TikTok). Newsletters.
We covered the best blogs on SaaS growth, productmarketing , UX analytics, venture capital, and sales. The Userpilot blog provides well-researched, in-depth articles on user onboarding, product growth, product growth, user experience, and so much more. How to Build a B2B SaaS Product Development Strategy Using Data.
Track behaviour: interacted with x campaign, visited pricing page x times in a week, downloaded ebook, opened chat support x times in the last 30 days etc. Every time the customer refers someone you can add 1 point to a score you name referral. Tip: events and tags can be confusing, I know. About the author.
In 1999, however, a cruise ship designer named John McNeece wanted to give an example of why it’s problematic to ask customers what they want. Let’s Talk About Faster Horses was originally published in Product Coalition on Medium, where people are continuing the conversation by highlighting and responding to this story.
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