As a Product Manager, you've toiled and sweated countless hours to identify the optimal product-market fit, drove a dozen teams to execute on your vision, and refined your product for a delightful experience. You and your marketing team have spared no effort in an extravagant launch that has caught everyone's attention and imagination. However, that's only half the story.
In another year, you will also be required to demonstrate solid product adoption and meet revenue forecasts. What can you do as a Product Manager to ensure that you get the sales backing to achieve your product adoption and revenue targets? Where can Product Management uniquely play a role in ensuring rapid product adoption? What are some key things to keep in mind as you go about driving product adoption as a Product Manager?
Phenomenal product managers excel not only at building awesome products, but also can execute on product adoption and growing revenue. These slides hope to uncover some aspects of outbound product management and get you to be that phenomenal product manager.
10. Channel Offers and Incentives
KEY QUESTIONS TO ASK?
Sensitivity
Will Offers and Incentives drive incremental demand?
Profitability
Is the incremental demand large enough to drive incremental profitability?
11. Sample Break Even Calculations
Original GTM With Offers & Incentives
End Customer
Price
Cost of
Goods/
Cost of
Revenue
Contribution
Margin
Contribution Margin = $100
New End
Customer Price
Cost of
Goods/
Cost of
Revenue
New
Contribution
Margin
Discount
Channel
Incentive
New Contribution Margin = $50
Break Even Rate =
Contribution Margin
New Contribution Margin
X Original # Units
12. Execution - Few Tips on Pre-Sales Enablement
➔ Messaging - Product Value Prop
◆ Keep it Stupid Simple
◆ Use Persona based Storytelling, Analogies, Events & Examples
● Frame from audience reference point
◆ SCIPAB Framework
(Situation → Complication → Implication → Position → Action → Benefits)
➔ Technical Resources
◆ Is it pre-sales or post-sales?
◆ Pre-sales: Solution Briefs / Demos / Sandboxes / Trials / Case Studies /
ROI Calculators / Industry & Analyst Reports
15. Execution - Key Metrics
New Leads
Qualified
Pipeline
Volume
Bookings
● Direct
● Influence
Existing
Customers
Estimated
Lifetime Value
Cost
= ROI
Absolute
Relative
● Y/Y or Q/Q Growth or Ramp (# Customers / Bookings)
● Utilization / Engagement
● Avg Deal Size
● Cross-Sell & Upsell
● Competitive Wins & Case Studies
16. 1. Obtain stakeholder buy-in early on
2. Plan ahead with the end in mind
3. Messaging - KISS
4. Know the channel - value chain & incentives
5. Validate & Refine Product-Market-Channel fit early on
Secrets of success
18. CREDITS
Special thanks to all the people who made and
released these awesome resources for free:
╺ Presentation template by SlidesCarnival
╺ Photographs by Unsplash
18
Notes de l'éditeur
→ Example of a channel
Positioning & Messaging→ Helpful Frameworks -- SCIPAB
→ Connect to well known events
→ Customer orientation
→ Solutions
→ Personas
Case Studies / Solution Briefs / Verticals
Value Chain & Pricing
Offers & Incentives
→ Example of a channel
Positioning & Messaging→ Helpful Frameworks -- SCIPAB
→ Connect to well known events
→ Customer orientation
→ Solutions
→ Personas
Case Studies / Solution Briefs / Verticals
Value Chain & Pricing
Offers & Incentives
Bundles - Commonly used to Drive attach
Discounts & Promotions - Commonly used for Timebound and NPI
Rebates & Credits - Commonly used for Adoption, and purchase preference for certain selective channels