Conversation

The Product Folks 🚀
@TheProductfolks
On Growth Mindset: 👉 Having growth mindset is essential to grow your company or for your long term growth 👉 A "good PM" has the "right/gowth" mindset. 👉 As a PM you need to focus on passionate, curious, ability to identify the right problem & be an efficient communicator
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The Product Folks 🚀
@TheProductfolks
On User Personas: 💡While defining user personas keep in mind the ACB ( Accepted Customer Belief) and the DCB (Desired Customer Belief) in terms of customer behaviour 💡Assume that users are always irrational
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The Product Folks 🚀
@TheProductfolks
💡 Leveraging some form of gamification in your product can be very helpful. Be it scarcity or accomplishment or status symbol 💡Growth models have growth loops which help in scaling the desired metrics/fundamental levers to give the right output !
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The Product Folks 🚀
@TheProductfolks
On experimentation: How do you run growth experiments ❓ 🎯 Find observation from user data 🎯 Drill deep to find insights from these obs 🎯 Draw hypothesis from these insights 🎯 Run experiment with these insights Choose the most powerful experiment which will reap most RoI
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The Product Folks 🚀
@TheProductfolks
On building your GTM Strategy: How do you transform the current accepted belief of the user to the desired user belief and launch your product ? ⭐Find the right channels of comms ⭐Craft the right GTM with copy, launch ⭐ Experiment
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The Product Folks 🚀
@TheProductfolks
On Monetization and Growth ▶️ Growth is effective when the product is priced right ▶️ Always keep in mind the users willingness to pay ▶️ Understand the user psychology deeply
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The Product Folks 🚀
@TheProductfolks
On Monetization and Growth (contd) What are the diff kinds of pricing models ? ✨ Subscription Model (Netflix) ✨ Dynamic Pricing (Uber) ✨ Auction and Bidding Pricing ( eBay) ✨ Pay as you go (AWS) ✨Freemium ( Dropbox)
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