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Ascend | DigitalMarketer

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Ascend | DigitalMarketer

At this stage, your goal is to generate repeat buys and real profits. While your entry-point offer was designed for conversions, your ascension offers should be geared for profits—because if you’re serving your customers well, they’ll want to buy again and again.

Ascension offers may be simple upsells made after that initial purchase… bigger, better solutions… or “done for you” add-ons.

So now we must ask ourselves, what is our core flagship offer and how do we continue to deliver value after the first sale is made? What is the thing that we are selling? 

How we continue to deliver value after the first sale is really important, because having upsells and cross sales gives you the ability to sell to customers you already have. It will give you higher Average Customer values, which is going to give you higher margins. Which means you can spend more to acquire new customers. 

Why does this matter? It matters because of this universal law of marketing and customer acquisition, he or she who is able and willing to spend the most to acquire a customer wins.

Very often the business with the best product messaging very often is the business that can throw the most into customer acquisition. Now there are two ways to do that.

The first way is to just raise a lot of money. The problem is if you have a lot of money, that doesn’t last forever. At some point you need economics. 

The second way, and the most timeless and predictable approach, is to simply have the highest value customers of anyone in your market. If your customers are worth more to you than they are to your competitors, you can spend more to acquire them at the same margin. 

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If a customer is worth twice as much to you than it is to your competitor, you can spend twice as much trying to acquire them to make the same margin. You can invest in your customer acquisition, because your customers are investing in your business. You can invest in your customer experiences, and when we invest more into the customer we build brands that have greater value. Meaning, people are more likely to choose you over someone else, which can actually lower acquisition costs. 

Happy customers refer others to us, which is called zero dollar customer acquisition, and generally just ensures you’re making a bigger impact. You can invest more in the customer experience and customer acquisition process if you don’t have high margins. 

If you deliver a preview experience, you can utilize revenue maximizers like up sells, cross sales, and bundles. These are things that would follow up the initial sale or are combined with the initial sale to increase the Average Customer Value.

The best example of an immediate upsell is the classic McDonalds, “would you like fries with that?” You got just a burger, do you also want fries with that? 

What distinguishes an upsell from other types of follow up offers is the upsell promise, the same end result for a bigger and better end result. 

What’s your desired result when you go to McDonalds? It’s not to eat healthy food, and it’s not even to eat a small amount of food. When you go to McDonalds your job is to have a tasty, greasy, predictable inexpensive meal. No one is going there because it’s healthy, you’re going there because you want to eat good. 

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It’s predictable. It’s not going to break the bank for a hamburger, neither will adding fries or a Coke. It’s the same experience, but it’s BIGGER and BETTER. 

Amazon does this all of the time with their “Customers Who Bought This Also Bought …” But this one is algorithmic. The point of a cross sell is that it is relevant to the consumer, but it doesn’t necessarily have to be aligned with the original purchase. What you don’t want to do is start someone down one path and confuse them.

You can make this process easy with Bundles and Kits. With a bundle or a kit you’re essentially saying to someone, “you can buy just one piece, or you can get this bundle that does all of these other things for a little bit more. And it’s a higher value.”

The idea behind bundles and kits is that we are adding to the primary offer, not offering them something different. We’re simply promising to get them this desired result in higher definition. 

The Elements of High-Converting Revenue Maximizers (like our bundles and kits) are:

  1. Speed

If you’re an e-Commerce business, selling a physical product, this can look like: offering free shipping for orders $X or more. We’re looking to get your customers the same desired result, but with less work for them.

  1. Automation

If you’re a furniture business, and you want to add a Revenue Maximizer, this can look like: Right now for an extra $X our highly trained employees will come and put this together for you. 

  1. Access 
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People will pay for speed, they’ll pay for less work, but they will also pay for a look behind the curtain. Think about the people who pay for Backstage Passes. Your customers will pay for a VIP experience just so they can kind of see how everything works. 

Remember, the ascension stage doesn’t have to stop. Once you have a customer, you should do your best to make them a customer for life. You should continue serving them. Continue asking them, “what needs are we still not meeting” and seek to meet those needs. 

It is your job as a marketer to seek out to discover these needs, to bring these back to the product team, because that’s what’s going to enable you to fully maximize the average customer value. Which is going to enable you to have a whole lot more to spend to acquire those customers and make your job a whole lot easier. 

Now that you understand the importance of the ascend stage, let’s apply it to our examples.

Hazel & Hem could have free priority shipping over $150, a “Boutique Points” reward program with exclusive “double point” days to encourage spending, and an exclusive “Stylist Package” that includes a full outfit custom selected for the customer. 

Cyrus & Clark can retain current clients by offering an annual strategic plan, “Done for You” Marketing services that execute on the strategic plan, and the top tier would allow customers to be the exclusive company that Cyrus & Clark services in specific geographical territories.


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MARKETING

The Art of Getting Booked: Mastering the Podcast Guesting Game

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The Art of Getting Booked: Mastering the Podcast Guesting Game

I didn’t think it was a big deal. We assumed these were typical results for those who focused and did the work.

The gaping mouths and the bulging eyes were our first clues. My next clue should have been when one podcaster told me he gets 50 to 100 pitches a week and he chose ours. Finally, reality set in like a bolt of lightning striking fifty feet in front of me. The words still rumble in my head like fading thunder echoing through the sky:

“I’ve never known anyone who booked 53 podcasts in two months.”Ryan Deiss

When Ryan said that from the stage at the M3 Mastermind, I finally realized my wife had done something extraordinary. This was no surprise.

She is an amazing woman. Anyone who read her CaringBridge journal in 2021 already knows that. TLDR: The doctors gave up on me and told her to “pull the plug.” She didn’t. She prevailed. I’m alive.

1685733288 232 The Art of Getting Booked Mastering the Podcast Guesting Game
Craig & Karen Andrews, December 2021

So, in March of 2023 I asked her to come to my rescue again. This time it was much lower stakes. I asked her to get me booked on podcasts.

Why Pursue Being a Podcast Guest?

Guesting on podcasts is a way to expand your own audience. According to ListenNotes, there are more than three million podcasts. The podcast hosts did the time consuming work of building their audience. And as a podcast guest, you get nearly effortless access to that audience.

Guest interviews are a great way to build your authority. Almost every host launches the podcast episode talking about how awesome you are. Their audience trusts them… and now their audience – the podcast listeners – trust you.

Your guest podcast interview will drive business and opportunities. Our 90-day rolling pipeline report tells that story best. “FTO Deals”, our discovery call metric, is up 700% compared to the prior 90-days when we weren’t guesting on podcasts.

“FTOs Sold” means we closed a new client. That’s up 400% compared to the prior 90-days. And we expect that to rise further because most of the discovery calls haven’t happened yet.

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Fill your pipeline by being a podcast guest

Our podcast focus started within this 90-day view. Most of the podcast episodes are scheduled to go live in the next couple of months. And yet we’re seeing triple-digit 90-on-90 growth on our most important metrics.

Look closer and you’ll see another hidden nugget. Double-digit lead growth drove triple-digit opportunity and sales growth. That’s what authority does for you.

If you’re running out of ways to unleash an instant triple-digit firehose on your business, then read on. I’ll show you how we did it.

How to Get on a Podcast: How it Started

Be careful when you curse adversity in your life. If you let adversity be your mentor, it will rip the scales off your eyes and a world of new opportunities becomes crystal clear. And that’s what happened here.

It began in November 2022 when NCR laid off my wife, Karen. We’re not upset with NCR. They’ve been wonderful to Karen. For the three months I was in the hospital, they let her work half-time while paying her full-time. But the layoff was a shock.

While Karen was trying to figure out her “next thing,” I asked her if she could get me booked on podcasts. She clearly knocked the cover off the ball and accidentally found her “next thing.”

Her first step was research. Why would a podcast host want me on their podcast? Podcast hosts receive tens or hundreds of pitches each week. They’re looking for their ideal podcast guests. So, the outreach email is key.

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Create a Personalized Outreach Email for Each of the Podcast Hosts

Sorry, there are no shortcuts here. Automated mass outreach won’t get you guest appearances on any of the relevant podcasts.

I’ll break down one of Karen’s emails step-by-step so you can see the key elements.

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The Intro: Praise the Podcast Host for Their Mission

Praise the host for their mission. Connect with their “Why.” Go to their podcast page. They’ll almost certainly make their mission clear there. They’ll also help you identify their target audience. Make sure their target audience aligns with your target audience. Otherwise, you’re just wasting their time.

Here’s an example of Karen’s intro:

Hi Roy,

My name is Karen and I work on behalf of Craig Andrews.  We have been listening to your podcast and love what you are doing!  

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Recognize and applaud the podcast host’s superpower

Make sure you get their name right!! Ryan Deiss said he gets outreach emails every week praising him for his interviews on the DigitalMarketer podcast. The problem is Ryan doesn’t do the podcast. Getting the host’s name wrong is the first clue that you’re doing spammy outreach.

Next, praise their mission. We could improve this outreach by being specific in praising the mission we see them fulfilling. That would probably boost our results further. But even this generic simplicity has been working. But that’s because of the next paragraph.

The Intro: Reference a Specific Podcast Episode and What Your Learned

This is the most time-consuming part of the process. And no, you can’t automate this.

A leading podcast host achieved their vaulted position by being selective in their podcast guests. So, your window of opportunity is through a few scarce words that communicate you’ll be a great podcast guest. And great podcast guests speak to their audience by knowing their audience.

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Reference a specific episode in your podcast outreach email

So, you need to listen to an episode. Make your outreach email reference:

  • A specific episode.
  • A specific guest.
  • A specific insight you got from that episode.

Here’s what that looks like in Karen’s outreach:

We recently listened to your podcast with Tom Sharp about Strategy Patterns for Business Growth.  We really appreciated his idea that you need to know yourself, your boundaries and your goals and doing the work to understand those goals.

BOOM! Do that and you just distinguished yourself as a podcast guest that cared enough to actually listen to their podcast. You don’t have to listen to all the podcast interviews. One is enough.

Now you have their attention. Next you must prove you’ll bring the goods to serve their audience.

The Meat: Bring the Heat and Add Value to the Podcast Listeners

Bring something new to the table. You’re not going to get booked by pitching “How to Grow Your Business Using Facebook Ads.” That was fresh and relevant about a decade ago. But you may get booked with something more current like:

How you can overcome Facebook’s recent trend of reduced targeting with four carefully selected headline elements.

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Bring something that’s both unknown and valuable

In our case, we specialize in accelerating high-ticket sales. So, we wanted to find podcasts that had a podcast audience with people that fit that description.

In 2023, high-ticket businesses are struggling closing deals. So, our guest podcasting is focused on building irresistible First-Time Offers to overcome the tough economic conditions. This is a great message for podcast audiences that are struggling with sales. Here’s what that looks like in Karen’s email:

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Craig has some fresh thoughts for our currently tough economy that he thought would benefit your audience.

He specializes in First-Time Offers that serve as a “coffee date” to begin an engagement with a potential customer.  Help before you sell!

Again, our goal isn’t to be on all the podcasts – just the ones with our ideal customers. So, we want the message to enchant our perfect podcast hosts while repelling other podcasts that aren’t ideal.

Once you have them enchanted, next deal with their fear.

The Promise: Convince the Podcast Hosts You’re Not a Greedy Bastard

The podcast world is about giving – not taking. So, don’t be a greedy bastard.

Unfortunately, the world is oversupplied with shysters and takers. Your outreach email needs to quickly communicate that your guest appearance will focus on giving. Promise a free gift for the podcast host’s audience.

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Focus on serving and giving

Here’s what that looks like in Karen’s outreach:

He would love to offer a free gift to your audience as an additional way of adding value.  

When you do that, you quickly communicate that you understand the unwritten agreement. It demonstrates your giving nature in action. It also communicates you’ve done this for other podcasts – so you’re an expert guest and a giver. Win-win-win…

But that’s not enough. You’ve got to bring more to the table.

The Sizzle: Promise to be an Interesting Podcast Guest

Beuller… Beuller… Beuller…

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Ben Stein brought humor to Ferris Bueller’s Day Off by being the most boring economics teacher on the planet. But let’s be honest… you’re no Ben Stein.

Unlike Ben Stein, you have not mastered the craft of being entertaining by being boring. The only way you’ll land on someone else’s podcast is by being interesting. Promise to tell a story. Look through your life and find interesting stories that tie into your core message.

Here’s what that looks like in Karen’s outreach:

A few interesting things about Craig:
He spent 6 years in the Marines.
He lived and studied in Japan.
He received a graduate degree in Electrical Engineering and later figured out he loved marketing.
In 2021, he spent 3 months in the hospital and woke up from a coma only able to wiggle a finger and a toe.  His recovery has been a miracle.

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Life gifted me with a white-knuckled story of narrowly escaping death. So, yes, I pimp the heck out of that story. But I’ve discovered that some podcast hosts really don’t care about my near early departure from this world.

Karen offers a variety of interesting life events so the podcast host can pick one that interests them most. Look through your life and find interesting stories that you can use to illustrate core elements of your message.

The Close: Bring the Social Proof

Top hosts want to know that you’ve been on other podcasts. Nobody wants to train you on being a great podcast guest. It may feel like podcast access is limited to those who’ve already been on a bunch of podcasts.

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But every podcast guest started with their first podcast. Then they went on more podcasts and built social proof. That’s been the case with me. Here’s how Karen handles that:

Craig has presented at Conversion Conference, various Vistage groups and other podcasts.

Karen used what we had in our arsenal. Yes, I have been on two or three podcasts. In one case I was episode #3 on a podcast that shut down after the 4th episode. But that’s still social proof.

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Find someone who thinks you’re awesome and quote them

If you’re just starting out, get a testimonial from your mom. Hopefully she thinks you’re awesome. Figure out what group she’s involved in… like her neighborhood gardening group. Speak to them about something that interests them. Here’s what that review looks like:

Craig brought an amazing message to the East Peoria Gardening Club. Everyone was captivated by his stories of how rosemary represents the essential spice that should be a part of everyone’s garden of life.” – Mary Andrews, President of the East Peoria Gardening Club.

Get on one podcast and use that as social proof to get on bigger podcasts. Remember, you’re not alone. If you’re trying to break into the guest podcasting space, there are also many new podcast hosts trying to break into the space as well. You’re perfect for each other.

The Close: Give a Call-to-Action to be Their Next Podcast Guest

It’s easy to forget the Call-to-Action (CTA). Don’t let it be implicit. Actively call the host to action. We steal some wisdom from Chris Voss and structure our CTA to be a natural “No.”

Would it be a ridiculous idea to set up a call to see how he can meet the unique needs of your listeners?

Notice how the CTA brings the focus back on their audience instead of you. That reinforces the idea that you’ll bring value to their audience.

Other Things Podcast Guests Need to Consider

Of course there are other things you need to consider in addition to the outreach email. Maximize use of the podcast directories. I recommend you create a speaker page that includes speaking examples, your bio, head shots and other assets.

Those are each a subject of their own. So, we’ll talk about those in other articles. But that doesn’t mean you should wait. Today is the time to begin your journey as a podcast guest.

Stop reading. Set your timer. Use the next 15-minutes to write your first draft of your podcast outreach email. You can perfect it later.

Put it to Work – Get Booked as a Guest

This journey began because I heard Lauren Petrullo proclaim her goal. She set out to get on 100 podcasts before the end of the year. I didn’t know what I didn’t know. Neither did Karen. So, we set the same goal.

One of my favorite quotes is by General George S. Patton:

“A good plan violently executed now is better than a perfect plan executed next week.”

General Patton was the only allied commander that Field Marshal Rommel feared. Patton’s philosophy allowed him to make the impossible possible.

If there’s any genius in what we’ve done it’s that we set a crazy goal and aggressively pursued it. We were so ignorant of podcasting that we didn’t realize how exceptional our results were until several folks told us. Now it’s your turn. Go and do the same.


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Wild Planet Foods + Instacart

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Wild Planet Foods + Instacart

Tinuiti Live 2023 was jam packed with thoughtful keynotes, engaging networking opportunities, and practical fireside chats. This year’s sessions challenged us to question our way to clarity and there’s no better way to do just that than with an insightful Q&A.

Elizabeth Marsten, VP of Commerce Media Strategic Services at Tinuiti sat down with David DeRobbio, Partnerships from Instacart and Max Rudy, Director of E-commerce from Wild Planet Foods to chat about all things Instacart during their Tinuiti Live breakout session. Wild Planet Foods is a sustainability-driven canned seafood brand – whose vision is to transform fishing into a force for good. Tin fish is experiencing a renaissance these days and Wild Planet was on a mission to take on its competitors, the whales of tinned fish, with the help of both Tinuiti and Instacart. 

To kick off the session, Marsten asked Rudy why he was interested in joining the team at Wild Planet, and at first, many of us were surprised to find out that he wasn’t…

“I was not originally interested in working for a tin fish company due to environmental concerns, etc. but when Wild Planet shared their story and mission, I had a change of heart. Not only is this a better tasting product, but it is doing everything right in the sustainability area to try to be a net positive solution.” 

—  Max Rudy, Director of E-commerce from Wild Planet Foods

 

Wild Planet is the first large-scale sustainably focused seafood company. This is a cause that is integral to the brand and they are successfully showcasing their mission throughout their content and are inspiring consumers to make thoughtful purchases. Wild Planet is currently stealing market share from bigger brands and their strategy on Instacart has played a huge role in that, but Rudy shared with attendees how that wasn’t always the case… 

“When I first started with Wild Planet, my Instacart representative said that we were the only brand eligible for a coupon for free ad space because we were the only ones not spending on Instacart.” 

 

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And while they certainly weren’t the first on Instacart, the brand has come a long way since… 

 

“We started our relationship with Tinuiti and within our first quarter, Instacart has become by far our best practice and our driving force of retail media.”

—  Max Rudy, Director of E-commerce from Wild Planet Foods

 

Wild planet didn’t have any funds allocated to Instacart advertising last year, but noted that, “you’re doing business on Instacart whether you take care of it or not, that’s why it’s important to treat Instacart like a customer. Your ability to utilize the tool set gives brands the ability to really democratize the shelf and be able to compete with really big players.”

During the discussion, it was acknowledged that retailers are inherently brick and mortar establishments and that transitioning into a digital company overnight is not a feasible option for many stores. But with the help of Instacart, grocery stores can make a seamless transition into the digital landscape.

“Instacart is a great opportunity for challenger brands to get that virtual shelf space that they might not necessarily get in a traditional brick and mortar experience.”

—  David DeRobbio, Partnerships from Instacart

 

DeRobbio explained how Instacart provides brands with a level playing field with the tools they offer. He described that no matter what the budget is, if you’re passionate about receiving market share, and dialing up your presence digitally, you can do just that with the help of Instacart.

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DeRobbio went on to share a few examples of how Tinuiti is working with Wild Planet to achieve success on Instacart through retargeting opportunities and the success they’ve already seen. For example, Wild Planet retargeting display has driven an increase of +54% new to brand sales

 

 

“If you think about what it takes to be able to get on the shelf at the store, and then you times that by over 1,100 retailers – Instacart is truly a productivity enabler.” 

—  Max Rudy, Director of E-commerce from Wild Planet Foods

 

 

Rudy acknowledged how Wild Planet is asking potential customers to take the plunge on their product considering it’s $3-4 more than a regular can of tuna. They highlighted how it’s so important to show real product imagery, content, and solid brand messaging through Instacart’s suite of tools so consumers can be confident in the purchase they are making.

To wrap up the session, Marsten, moved the conversation into the future and asked DeRobbio what should brands do and how should they think about Instacart in 2023 and 2024? He went on to share a few tools brands should consider using moving forward including:

 

  • Brand pages are completely free dedicated landing pages that advertisers can create on Instacart. They empower CPG industry partners to effectively guide consumers, both within and beyond the Instacart platform, towards a thoughtfully curated and easily navigable destination. Brand pages serve as a convenient shopping hub, allowing consumers to delve into an extensive product portfolio and explore a wide range of offerings.
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  • Shoppable display ads blend personalized messaging, powerful imagery, and “add-to-cart” functionality to drive consideration and bigger baskets. With Shoppable Display, available via Self Service in Ads Manager, brands can easily deliver a more engaging shopping experience.

 

  • Shoppable video encapsulates all the features of Shoppable Display with an added video component. Shoppable Video gives brands the opportunity to capture a user’s attention with auto-play videos that engage shoppers on a new level. These in-line ads, targetable by behavior or keywords, allow brands to tell their story, share their products, and captivate consumers through the added use of motion and sound.

 

DeRobbio also mentioned that Instacart will continue to innovate in more upper-funnel opportunities including releasing a video display API. He also teased new AI features that will help shoppers easily add items from a recipe to their Instacart shopping cart. We’ll keep you posted as Instacart releases more information on these exciting AI features.

“It’s so exciting as the different tool sets come out, there’s always a different opportunity. As a brand you just have to have your story straight and know what you want to accomplish at that point in the funnel.”

—  Max Rudy, Director of E-commerce from Wild Planet Foods

 

Ready to think bigger about your brand’s strategy on Instacart? Contact us today to get started on the platform and make sure to check out this session (and additional Tinuiti Live sessions) on-demand

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Die Rolle und Best Practices für Anfänger

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Produktmanager: Die Rolle und Best Practices für Anfänger

SaaS companies need product managers to ensure that their products meet customer needs, stay competitive in the market, and continue generating revenue. Such personnel create and maintain a product roadmap that aligns with the company’s overall strategy.

Besides, these SaaS product managers develop a product roadmap for the entire team. They are responsible for the entire product lifecycle. Simply put, they define the product management process from conception, design, to launch, promotion, and post-launch support.

Let’s explore the key role and best practices that product managers need to follow.

Role of Product Managers

Product managers are responsible for the overall success of a product. They play a key role in the following areas of product development.

1. Product Strategy

Product managers develop a product strategy that meets market needs and business objectives. This includes market research, identifying customer needs, setting product objectives, and defining product features.

2. Product Roadmap

Product managers create a detailed product roadmap that outlines the development and launch of a product. This requires following all the steps promptly to ensure product launch on time and within the budget.

3. Integrating Other Departments

Product managers work closely with other departments, such as engineering, marketing, and sales, to ensure that products are designed, developed, marketed, and sold effectively. They also oversee product-related activities, such as quality assurance testing, developing user documentation, and ensuring customer support.

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4. Make Informed Decisions

Product managers remain up-to-date on industry trends to make informed product decisions. They keep track of customer feedback to improve existing products, introduce new features, identify growth opportunities, and develop strategies to capitalize on them.

5. Communication

Product managers play the role of communicators throughout the product development cycle. For instance, they communicate effectively with all stakeholders involved in the development process, including internal teams (such as engineering, marketing, and sales) and external partners (such as suppliers).

They should be able to develop creative and innovative solutions to solve problems while ensuring that their communication reflects their problem-solving and analytical skills.

Product Management Best Practices

Product management is essential in any business where the manager promptly creates and launches the product.

With the increased complexity of products and their impact on businesses, here are some best practices that product managers need to adopt.

1. Customer Understanding

Product managers must prioritize understanding customer needs and why they buy your product. This helps create better products that meet customer needs while remaining at par with the industry trends.

2. Prioritizing Product Quality

A successful product manager will constantly strive to provide top-quality products. They will work on the successful product after testing it for quality assurance.

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3. Leverage Data Analysis & Research

Data analysis and research are two essential tools for any successful product manager. Using it is one of the best practices for product managers who create better products tailored to customer needs while also staying ahead of the competition.

4. Leverage Agile Methodologies

Agile methodologies, such as Scrum oder Kanban, can be extremely helpful for product managers in managing complex projects. Product managers focus on delivering working features on time and using customer feedback.

Abschluss

Overall, product managers play vital in the success of any organization. Their roles, responsibilities, and expertise are necessary for product growth. They work with different teams, respond to customer feedback, provide the right guidance to developers, and are even involved in research and development.

A successful product manager will possess a wide range of skills and knowledge, enabling them to be an effective leader of product teams while leading successful product initiatives. They will listen to customers and translate their needs into product features while constantly conducting market research, developing product strategies and following product roadmaps.

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