Joseph Lee的动态

1 Hack that helped me build a product roadmap efficiently. {Hint: It’s not building another feature} Hey, startup Founders, Tired of pouring resources into features that fail to deliver results? Let's cut through the noise and prioritize your product roadmap effectively. Your product roadmap may be overflowing with ideas, but not all features move the needle. It's time to distinguish between what's essential and what's merely noise. Enter the RICE model- a game-changer in product prioritization. Here's how it works: 1. Reach: Determine the potential user reach for each feature. How many users will benefit from this feature? 1000 users per month. 2. Impact: Evaluate the potential impact of each feature on users. On a scale of 1-5, with 5 being a significant impact, how much value does this feature add? 3. Confidence: Assess the level of confidence in the success of each feature. High (100%), Medium (80%), Low (50%). 4. Effort: Estimate the resources required to implement each feature. How many person-weeks or person-months will it take to develop this feature? 3 person-months. Calculating the RICE Score: RICE Score = (Reach x Impact x Confidence) / Effort Example: For a feature with 1000 users, an impact rating of 4, 80% confidence, and requiring 3 person-months, the RICE score would be (1000 x 4 x 80%) / 3 = 1067. A higher RICE score indicates greater potential value relative to effort. By applying the RICE model, you can prioritize features that offer the most significant impact with the least effort. This approach ensures that your product roadmap aligns with your business objectives and user needs, driving maximum value for your investment. P.S. Ready to streamline your product prioritization process and deliver results that matter? Share the challenges you are facing and let's solve them together. #saas #Saasgrowth #scale

How to Build Products People Love? Using?Product Market Fit (PMF)! Think of it like this as you're making chai. You have the best ingredients (your product), but if no one in your neighborhood likes chai (no market need), who will drink it? Product Market Fit is like finding the perfect chai recipe that everyone loves! It's the secret ingredient to a successful product. Here's how to make your Product a Hit ?? 1. Understand Your Customer: Deeply research their needs, pain points, and desires. Talk to them! Interviews are invaluable. 2. Build a Minimum Viable Product (MVP): Focus on core features that address the most pressing customer needs. Don't overcomplicate it. Get feedback early and often. 3. Iterate Based on Feedback: PMF is an ongoing process. Use data and customer insights to continuously improve your product. 4. Measure Your Progress: Track key metrics like customer retention, engagement, and satisfaction. The '40% Rule' (Sean Ellis test) is a great starting point. Ask users how they'd feel if they could no longer use your product. 40% or more saying 'very disappointed' is a good sign! 5. Scale Smartly: Once you've achieved PMF, focus on sustainable growth. Acquire customers efficiently and maintain a healthy LTV:CAC ratio (the value a customer brings over their lifetime compared to what it costs to get them). PMF isn't a one time event, it's an ongoing journey. Stay agile, keep experimenting, keep listening to your customers, and soon you'll have the most popular product in market! #ProductManagement #PMF #ProductMarketFit #ProductStrategy #MVP #CustomerFeedback #SaaS #Startup #ProductGrowth #TechCareers

Why do some products catch on while others fade away? It comes down to the "aha moment." What is an aha moment? It's when users first realize your product's core value. That instant when everything clicks and they think "Now I get it." For Dropbox, it's when someone first shares a file seamlessly. For Slack, it's when a team sends 2,000 messages. Who needs to understand aha moments? – Product teams searching for growth and retention. – Founders validating ideas. – Designers crafting better onboarding. The key is getting users to this moment quickly. The faster they experience value, the more likely they'll stay. How do you find your product's aha moment? Look at your power users. – What actions did they take early on? – What features do they use most? Their patterns reveal the path. Then design everything to drive new users toward that experience. – Add guidance. – Remove friction. – Make value obvious. Why does this matter? – Products without clear aha moments struggle. – Users drift away before seeing benefits. – Growth stalls. – Potential dies. Your job isn't just building features. It's creating those lightbulb moments. Want better retention? Map your user's journey to that moment of clarity. Then optimize ruthlessly until they can't help but say "aha." #saas #growth #startup #productdesign #productstrategy

Unlocking MVP Success - Prioritize essential features and gather real user feedback early on—spending time and resources on embellishments can be costly and delay your time to market. Nail the basics, and let your beta users on up become your additional muse, guiding the continuous enhancement of your product throughout its journey. Thanks for the post Anuj Adhiya ?? .

Day 53: Building an MVP—Focus on What Matters Most ?? Minimum Viable Product (MVP)—the term is familiar, but do we always get it right? Building an MVP isn’t about cramming in features; it’s about prioritizing what delivers the most value with the least effort. If you’re just tuning into this series, welcome! This post will get you started on creating an MVP that aligns with your goals. What Is an MVP? An MVP is the simplest version of your product that solves a key problem for your users while allowing you to test assumptions and gather feedback. How to Build an MVP: 5 Steps 1?? Define the Problem Statement Ask yourself: What’s the core problem I want to solve? For example: ? Spotify’s MVP solved the problem of easy access to legal music streaming. 2?? Identify Core Features Prioritize features that address the problem. Use frameworks like: ? MoSCoW (Must-haves, Should-haves, Could-haves). ? RICE (Reach, Impact, Confidence, Effort). 3?? Validate With Research Conduct user interviews or surveys to confirm demand. 4?? Build, But Keep It Simple Focus on speed and simplicity. Your MVP isn’t your final product—it’s a stepping stone. 5?? Launch, Learn, Iterate Release to a small audience, gather feedback, and improve incrementally. What an MVP Is Not ?? A prototype: Prototypes show concepts; MVPs solve problems. ?? A finished product: MVPs are meant to evolve. ?? Everything for everyone: It’s okay to say “no” to certain features. Example MVPs in Action ?? Dropbox: Started with a simple demo video explaining the product concept. ?? Instagram: Launched as a photo-sharing app before adding filters and other features. ?? Zappos: Began by testing online shoe sales with a small inventory. These companies focused on validating demand before scaling—and that’s the key to a successful MVP. Key Takeaways ? Solve the right problem, not every problem. ? Use feedback to guide your next steps. ? Embrace simplicity—it saves time and resources. ?? What’s your top challenge when building an MVP? Let’s discuss in the comments! If you’ve missed earlier posts, no worries. Every post is packed with actionable insights, so feel free to jump in now! Follow Jatin Singh Bhati SAFe POPM, CSPO, MBA for daily dose of insights! #Product #ProductManagement #MVP #LeanStartup #ProductDevelopment #CustomerFeedback #BuildMeasureLearn #ProductManagement #StartupStrategy #Agile #ProductOwner #JatinSinghBhati #JSB

Are you struggling to prioritize features for your product? According to Ant Murphy, you might not have a prioritization problem but a strategy problem. Learn how a clear product strategy can revolutionize decision-making and set a strong foundation for success. #SaaS #productstrategy #productvision #productroadmap

?? Building a SaaS MVP? Avoid These Common Pitfalls! Developing a SaaS MVP (Minimum Viable Product) is an exciting journey, but it’s also riddled with potential missteps that can delay your success. Here are some common pitfalls to watch out for—and how to navigate around them: 1?? Overloading Features: The temptation to build a “perfect product” is strong. But remember, MVPs are about solving one core problem effectively. Stick to the essentials; you can always scale later based on real user feedback. 2?? Skipping Market Validation: Building without understanding your audience’s needs is a recipe for failure. Invest time in surveys, interviews, and research to validate your idea before writing a single line of code. 3?? Ignoring Scalability: While MVPs should be lean, don’t neglect scalability. Use technologies and architectures that can grow with your product to avoid expensive rework later. 4?? Lack of Focus on UX/UI: An MVP doesn’t have to look perfect, but usability is key. A clunky or confusing interface can deter users, no matter how good your core solution is. 5?? Neglecting Feedback Loops: Your MVP is a learning tool. Build mechanisms to collect and analyze user feedback to iterate effectively. Without it, you’re flying blind. 6?? Underestimating Time to Market: Every delay is an opportunity for competitors to get ahead. Balance speed with quality to launch quickly but effectively. Building a SaaS MVP is all about striking the right balance between simplicity, usability, and scalability. Avoiding these pitfalls can save you time, money, and frustration—setting you on the path to success. ?? What challenges have you faced while developing a SaaS MVP? Let’s discuss! #SaaS #Startup #MVP #ProductDevelopment #TechLeadership

A failed product launch, is not a failed Product!. Often times founders find themselves in a quagmire, after their product has been launched, in the market for few months and find it hard attaining product market fit. That your launch plan failed does not mean your product is bad, it just means you have to go back to your drawing board and retrace your steps from top to bottom. Follow these steps; WHO? You need to find out WHO??? Who are you serving? Who are your customers? Where can they be found ? Narrow down to how to talk to this people and where to find them. WHAT? What is this problem that you are solving for the WHO? How do you get your WHAT in front of your WHO to capture their attention and keep it? Once you understand the WHAT & the urgency of the problem you’re solving, you’d be a step ahead in your launch. HOW? How do I solve this problem for the WHO & WHAT steps am I taking to solve this problem for them. If you’re a B2B or Saas product you need to take a closer look into this HOW. Build a Go-to-Market strategy that aligns with your values and customers. TEST. Test your product, test your strategy, test that you’re doing the right thing and solving for the right solution for the right people. Measure your metrics rightly and know when to iterate and iterate fast. Test the market and move along fast. And remember, that your launch fail doesn’t mean you are a failure, it actually another opportunity to do it better ????. #productmanagement #productlaunch #productmarketfit #failedproduct #productmanager