Skip to main content

Cataloging problems

How do you do your job as a product manager every day if you do not know what problems you have set your product to solve?

One of the most important tasks of a product manager it to catalog problems that prospects / target user base faces.

Just follow the steps and you can get really good at it.

Step 1: Listen to potential users

When you go out to meet people - either potential users or potential customers - you need to listen to what they speak. If you are really good, write it down as soon as possible as you keep listening.

That is just step 1.

Step 2: Look at what they do

As they keep talking, chip in once in a while and ask them what they do and why they do what they do.

While this might seem an innocuous question, it is the most powerful question and has enormous power.

Reason: You are going to get actions from the customer.

Step 3: Listen carefully to the one key thing that they say they are actually looking for.

When customers actually demonstrate to you what they are trying to find out, they will keep pointing to a select few set of things or information that they are actually looking for.

That is the gold mine.

Step 4: Validate what you just inferred.

At times, it makes sense to validate it as soon as you have inferred it. At times it is best to get back and put together what you have.

Present it back and arrive at the one thing that is going to make a difference to him.

While the 4 step process might seem simple, it needs a lot of practice and needs some training.

If you do not have a problem catalog, it is time to start having one now. It is extremely powerful.

Comments

Popular posts from this blog

Finding your target audience

The biggest task of the product manager is to find your target audience. Typically it is a very tight rope walk. You define it too narrowly and you would struggle to generalize the product later. You define it too broad and you would struggle to satisfy a lot of people and the product might not take off at all. There is this awesome post by Dave Mcclure on why Niche target segment works. Blog link here . What he says is mostly right and that is what we did as well. We did it mostly by accident. We had to define our niche because we could only talk to those kind of retailers and get data from them to start developing the data. It did have its upside. We were very clear on what we wanted to develop and we are slowly talking to retailers and adding more scenarios. As we are doing this, we are also talking to a slightly different set of retailers. This helps us incrementally build our product while also generalizing the existing features. In our case, we did not fin...

The right business model for your product

How would you decide what is the best business model for your product? Deciding on the right business model is very important for the product. It does not necessarily mean what is the price of your product. There could be no price for your product - though that is a myth. For example, we think google or Facebook is free. However, we are never the customers for Google or Facebook. It is the advertisers that are its customers. What we need to figure out when we decide on a business model are as follows: Who is my target audience? Who is my customer What is the price. How is the support model going to work Who are my partners While we do not absolutely need to price a product, we need to understand how we would make money. For example Open ERP does not price its product. However, its product is not the ERP software but really the hosting, service and training that it offers. While pricing is an important part, what is more important is in realising who is you...

Constructing the Product Roadmap

When I started out in the team, I was tasked out with coming out with a plan so that we can demonstrate the product with real data. The idea was to demonstrate it to our prospect with their own data and win them over. However, when I started working, I found out that what we lacked was not a plan but a vision. I quickly put together a one day workshop with our team and our product owner. When we started talking, we talked about several things and figured out that we needed a plan of various proportions. We needed a plan that could help us one the following: Provide a focus for the long term with near term focus on just one thing Help us talk to prospects on what we are going to do Help us decide on when we would need to focus shift on which function - Engineering , sales etc We also did a quick “Product in a box” exercise so that all of us in a team can practice and imbibe the elevator pitch. We needed this since we had to do this pitch at several levels - Inter...