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Big Bets, Small Steps by Ravi Mehta, (Co-founder, Outpace) in his session with The Product Folks explained through a case study on TripAdvisor and Product Roadmaps for success. key takeaways: -Incremental Progress: It's critical to make tiny progress toward successful product development. "One small step at a time" -User-Centric Approach: Citing Spotify as an example, promoted user-centric trials over major launches. -Strategic Decision-Making: TripAdvisor analyzed user pain points and behavior of using google to travel various ternaries and decided to become a one stop travel hub rather than an accommodation marketplace. -Adaptable Product Strategy: Drew attention to TripAdvisor's travel hub's adaptable strategies for various user trip patterns. -Product Sequencing Matrix: To determine features impact and urgency for feature planning. -Long-Term Vision: North Star Metrics and other key metrics. Thank you The Product Folks #insurjowithtpf

Product development: MVP or prototype? Discover key differences and best practices on our blog. Learn about success stories like Airbnb and Uber that started with MVP. 🚀💡 Share your experiences in the comments! https://lnkd.in/dFsysT2d

In the world of business, there are a lot of metrics to keep track of. But there's one that stands out: the "North Star Metric" ! It's the single most important metric for your business, the one that truly reflects the value you deliver to customers. Why is it so important? 1. Clear direction: It helps everyone in the company focus on what really matters. 2. Easy decisions: You can make choices that move you closer to your goal, no questions asked. 3. Growth that lasts: Your North Star Metric is connected to happy customers and a successful product, which means long-term growth. Examples of North Star Metrics: Spotify: Time people spend listening Airbnb: Nights booked Facebook: Active users each day What's YOUR North Star? There's no magic formula. Your North Star Metric should be unique to your business and the value you offer. Ask yourself: "What's the one metric that best shows we're succeeding?" #NorthStarMetric #BusinessMetrics #ProductSuccess #CustomerSatisfaction #GrowthStrategy #BusinessGoals #StartupLife #ProductDevelopment #BusinessTips #GrowthHacking #ProductManagement

Maximize Your Airbnb Profits with Automated Pricing Strategies Discover how to optimize your Airbnb earnings by utilizing Price Labs and automated pricing strategies. Learn how market data aggregation and dynamic rate adjustments can help you maximize your profits and stay ahead of the competition. Like Follow and Share on Spotify for the FULL EPISODE https://lnkd.in/eqpTrhsR #AirbnbTips #MaximizeProfits #AutomatedPricing #PriceLabs #MarketData #DynamicRates #OptimizeEarnings #StayAhead #Competition #HostAdvice

Ideas spark #innovation, but #execution transforms #vision into reality. Take the #Amazon Fire Phone, a promising idea that failed due to poor execution and market strategy. On the other hand, #Airbnb started as a simple concept of renting out air mattresses but became a global success through meticulous execution and #strategic #growth. Without effective execution, even the best ideas, like the Fire Phone, can fail, while well-executed ideas, like Airbnb, can change the world. We could have the best ideas, but execution is crucial to make them flourish.

🚀 Scaling a product from 100 to 10,000 users! Researching hundreds of products, reading books on scaling and listening to the industry experts, I found scaling is more than just driving user growth—it's about building the systems that can support that growth without sacrificing quality. The key is to focus on flexibility and performance from the start. Products that scale effectively, like Spotify and Netflix, don’t just add users—they create resilient architectures and automate processes to handle the increased load smoothly. At the same time, staying laser-focused on retention and user engagement is critical. It’s not just about getting more signups but ensuring those users find value and stick around. Growth isn’t about speed alone—it’s about scaling sustainably. #growthstrategy #gotomarket

⭐ Understanding North Star Metrics: Guiding Your Product’s Success North Star Metrics—a crucial element in guiding product success. As an aspiring Product Manager, understanding and leveraging North Star Metrics can significantly impact your product's trajectory. What is a North Star Metric? A North Star Metric is a key measurement that reflects the core value your product delivers to customers. It’s the single most important metric that aligns your team and drives long-term growth. Why is it Important? Focus: It keeps your team focused on delivering real value. Alignment: Ensures all teams are working towards the same goal. Growth: Directly correlates with the success and growth of your product. 🎯Choosing the Right North Star Metric: Customer Value: It should represent the value your customers derive from the product. Simplicity: Keep it simple and easy to understand. Measurable: It must be quantifiable and trackable over time. Examples: Spotify: Time spent listening to music Airbnb: Nights booked Slack: Number of messages sent In my learning journey, I’ve realized the importance of identifying a North Star Metric early on. It provides a clear direction and helps in making informed decisions that align with long-term objectives. What’s your product’s North Star Metric? How has it helped in steering your product towards success? Share your thoughts and experiences! #productmanagement

Maximize revenue with dynamic pricing! Learn how Uber increased revenue by 22% with surge pricing. Ready to implement dynamic pricing for your business? Contact Syed Anns Ali for expert guidance! #DynamicPricing #DigitalMarketing #Uber #MarketingStrategy #SyedAnns #DynamicPricing #DigitalMarketing #Uber #MarketingStrategy #SyedAnnsAli

What are platform businesses and why are they significant in today’s economy? Platform businesses are a type of business model that creates value by facilitating exchanges between two or more interdependent groups, usually consumers and producers. Examples include companies like Uber, Airbnb, and Amazon. They are significant because they leverage technology to connect users, reduce transaction costs, and create network effects, which can lead to rapid scalability and growth.

At #ProductCon, there were many insightful speakers, but one that stood out for me was Ajay Arora, SVP of Product & Engineering at Disney, who gave a talk on "Subscription Mastery for Product Managers." He shared a question he often asks his team: "If you had to knock on your customer's door for a renewal, what would they say?" This really gets to the core of subscriptions—they’re about more than auto-renewals. It’s about delivering value that keeps people engaged and excited. 💡 Here’s what Ajay emphasized: 1. Emotion Meets Utility: The best subscriptions blend practical use with an emotional connection. Take Spotify—it doesn’t just stream music; it feels like it knows you, making the service feel personal. 2. The Subscription Trinity: Acquisition, retention, and monetization go hand in hand. AJ highlighted how important retention is, backed by research showing that keeping customers is far more cost-effective than constantly acquiring new ones. 3. Exiting Gracefully: Making it easy for customers to leave builds trust. When people feel trapped, you risk payment chargebacks, customer service overload, poor word of mouth, and reluctance to return. Smooth exits make it more likely they’ll come back. 📌 Key takeaway: Subscription success is about creating long-term value and genuine relationships. Consistently respecting and delighting your customers pays off. Great event organized by Product School! 👏 #ProductManagement #SubscriptionServices #CustomerRetention