Finest-5 Product reads #15

Happy Sunday,

Hope you are doing well!!
I am pushing this week’s newsletter on Sunday as an experiment and to see if Sunday makes sense to better fit my schedule. If not well received, I will revert to Saturday. If you have an opinion, please let me know.

This newsletter is a collection of the best reads from 100+ articles I go through every week with the sole purpose of helping you become better at product with minimal effort. Subscribe to get the next release in your inbox (https://acuriouspm.substack.com/p/finest-5-product-reads-15)

Important frameworks to keep in mind as a Product Manager

We all know finding structure in ambiguous problems is the most important part of the job. It’s always a good exercise to revise some of the core frameworks of Product Management. Continue reading..

Key Takeaways:

  • Hook Model Canvas is a staple during the early product planning stages.
  • Value Proposition Canvas to understand customer values and the pain points.
  • OKR is a key framework to define the measure of success for each feature update within the product.

How excellent user research can improve retention + 2 Case Studies.

Key Takeaways:

  • Three major retention stages: Early-stage retention, Growth-stage retention, Mature-stage retention
  • Recently, many over-hyped products quickly lost their novelty, showing customer loyalty is fickle.
  • 3 practical tip: Know your customers best, Tighten your products’ reward system, Motivate action

Types of growth strategies (+ 9 innovative examples)

Key Takeaways:

  • Contrary to popular belief, a growth strategy is not necessarily focused on short-term earnings; growth strategies can be long-term, too.
  • Growth strategy should include: Goal, people, product, tactics
  • If you’re clear about your growth strategy and the path to achieve it, teams will feel they can contribute to the company’s success

Boost your subscription business with these 7 techniques.

Key Takeaways:

  • 75% of customers were happy to pay a premium price for customizable experiences
  • 60% of them would rather pause their subscriptions than cancel them
  • It is important to A/B test your payment methods. Customers are constantly changing and so are their preferences.

Important B2B SaaS Metrics PMs Should Understand (part 1)

Key Takeaways:

  • We can translate the core concepts into: CAC, APRA, COS, Retention
  • 3 models of SaaS: Freemium, Paid with trial, Paid without trial.
  • “Product Led Growth” is a lower cost option to attract and get paid customers, it’s obviously a win-win when it works.

Product of the week: Integrately