“Doing product configuration right means you design a product with the right features for a segment—that is, just the features customers are willing to pay for.” – Madhavan Ramanujam and Georg Tacke, Authors of Monetizing Innovation Product improvements don’t all hold the same value in the eyes of customers. Some ..Continue Reading
“When our research indicated that 50% of people had heard of Showmax, then we knew we had “saturated” the market in terms of awareness, and could effectively move into performance marketing from there.” – Barron Ernst, Zenly Senior Product Manager How much growth is left in your market? Are the ..Continue Reading
“We’ve been trained to look at patterns, look at a line that fits the data points, but when it comes to qualitative research, those anomalies make a lot of difference because that may be a node to understanding a completely different market, a completely different customer. Anomalies need to be ..Continue Reading
“Find out who you are and do it on purpose.” – Dolly Parton, Singer-Songwriter Dan Martell and Mike Wu created Clarity, a marketplace to help experts monetize their expertise, in 2012. When they started, there was no marketplace. Users could search a list of experts, sort by expertise, and schedule ..Continue Reading
“If you have one customer in an industry, you can get 10. The outliers aren’t anomalies, they are the future.” – Jason M. Lemkin & Aaron Ross, Co-Authors of From Impossible to Inevitable Chances are that at the growth stage you have already felt a certain pull from other market ..Continue Reading
“Nothing is more certain to cause a project to fail than a misunderstanding of the problem you are solving.” – Lenny Rachitsky, Product Management Expert As Statflo kept growing, the co-founders decided to split up the product by feature sets, and hire several more product managers. Although the split helped ..Continue Reading