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Build A Customer Journey with dbt Part 2

  • The goal of this model is to compile key user events and behaviors into a single, clean dataset.
  • This model combines data from several sources and applies transformations to ensure it’s clean and reliable.
  • The model tells a story about each user, from signup to their first payment, building a timeline of their journey.
  • The customer_journey model ties together all stages of the user journey into a single, actionable view.

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iPod Journey.

  • The iPod was introduced in October 2001 as a revolutionary portable music player.
  • Wider adoption and market expansion from 2004 to 2007 due to product improvements and price reductions.
  • The iPod reached peak popularity and became mainstream from 2008 to 2010, but faced competition from smartphones and streaming services.
  • From 2011 onwards, declining sales due to the shift towards smartphones and streaming services, leading to product discontinuations.

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Why Product Managers Are the Quarterbacks of the Business World

  • Without a clear vision, teams can experience confusion, misaligned priorities, and stagnation. An inspiring vision creates alignment and drives collective action.
  • Your ability to remain composed can make the difference between turning a challenge into an opportunity or letting it derail your efforts.
  • The speed and decisiveness of your choices are critical for momentum and morale.
  • Explore actionable strategies for product managers in the book 'Be the Quarterback of Product Management' to lead your team to victory.

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The Journey of a Product: Understanding the Product Lifecycle

  • The product lifecycle consists of four stages: Introduction, Growth, Maturity, and Decline.
  • During the Introduction Stage, companies focus on marketing and distribution to introduce the product to potential customers.
  • In the Growth Stage, sales skyrocket, and companies expand their product lines and marketing campaigns to meet growing demand.
  • The Maturity Stage is a time of stabilization, where sales growth slows and companies focus on cost optimization and diversification.
  • In the Decline Stage, sales and market share shrink, and companies need to manage inventory and make strategic decisions for the future.

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The Product Roadmap: A Strategic Guide or a Cage?

  • Product teams often face a tension between prioritizing bold, innovative leaps or steady, incremental progress.
  • The roadmap can be viewed as a commitment or a hypothesis, balancing reliability with adaptability.
  • Externally, roadmaps manage customer, partner, and investor expectations, but transparency can have drawbacks.
  • Cultivating an organizational culture that embraces uncertainty and values adaptability is crucial for navigating product development.

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Ask the Community: What Do You Do When You Inherit a Giant Product Backlog?

  • Inheriting a product backlog can mean you're faced with hundreds of entries, and deciding what to do with them can be overwhelming.
  • Opinions range from throwing them in the trash to treating them as a source of customer feedback, leading to a lively discussion in the Continuous Discovery Habits community.
  • Many members of the community recommend anchoring your review of the backlog to your current context and asking predecessors or team members for their opinion.
  • Amanda Wernicke, a product manager at Convo, recommends starting with a product outcome to identify which backlog items will help you achieve that outcome.
  • Lucy Spence, Senior Technical Product Manager at Octopus Deploy, suggests using AI solutions like Dovetail or Google to summarize key themes and save time.
  • Teresa Torres recommends differentiating between using the backlog as a historical record and identifying what to work on next.
  • She suggests referencing the backlog when setting outcomes and searching for related items when choosing a target opportunity.
  • Generative AI solutions like ChatGPT or Claude can also be helpful in understanding what's in the backlog, but iterations on the prompt may be necessary.
  • Questions like what to do with an inherited product backlog are frequently tackled in the Continuous Discovery Habits Community.
  • Joining the community provides a safe space to share challenges and get feedback from like-minded peers.

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Building a Powerful and Attractive Employer Brand with Strategic PR

  • Your employer brand is the reputation your company holds as a place to work.
  • To build an attractive employer brand, position your leadership team as industry thought leaders.
  • Utilize social media to showcase your company's work environment and community involvement.
  • Partner with a PR firm like 9-FigureMedia to enhance your employer branding efforts.

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Real-world examples of value-based pricing strategies

  • Value-based pricing is all about using the perceived value, often also referred to as willingness-to-pay of your customers.
  • There are three main ways to define a price point: Cost-based, Competitor-based, and Value-based.
  • Value-based pricing is often confused with Outcome-based pricing.
  • Examples of companies utilizing the value-based pricing strategy for software product are Notion, Slack, Airtable and Zapier.
  • Revenue maximization, maximizing user growth and customer-centricity are the three essential benefits of implementing value-based pricing.
  • To implement value-based pricing, product development organizations should gain an understanding of which features/customers value the most and the willingness to pay.
  • Then, they should conduct a price sensitivity analysis for each feature of their product.
  • After that, they need to create a packaging matrix to analyze which feature is most important.
  • For complex products, organizations need to conduct a price sensitivity analysis again for the features that land on the top-right corner.
  • Regardless of how your price scales, value-based pricing is the most efficient way to set a price point that’s right for both you and your customers.

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How to Leverage Pricing and Packaging to Drive Growth, Revenue, and Profit with Miro, Loom, OpenAI, and Splunk 

  • Using thoughtful pricing and packaging can be a strategic tool for your SaaS product that enhances growth, revenue, and customer satisfaction.
  • Value metric, terms and conditions, flexible licensing programs, and product bundling are some of the factors that should be considered while updating your SaaS product pricing.
  • It is advised to evolve your pricing strategy over time and align it with the outcome you intend to achieve.
  • Janie Lee, Head of Product at Loom, shared that experimentation is important for meeting business objectives, but de-risking your own mindset for risk tolerance is necessary as experiments can fail often.
  • Packaging segmentation is crucial as different customer segments have different willingness for price points and value realization which can play a key role in selling bundled up suites.
  • It is important to demonstrate the value associated with price increases through appropriate messaging to ensure customers experience the product improvement that justifies pricing.
  • Pricing and packaging should be thought about throughout the year, but changes should be made depending on the market and the pace at which it is changing.
  • Finally, key principles of pricing experiments include keeping it simple, being customer-friendly, and ensuring cross-functional alignment.
  • The overall success of a SaaS product depends on aligning pricing and packaging with the intended outcome, and value exchange.
  • Pricing becomes a product feature, which changes customer behavior, and it should be evolved over time as any other product feature to achieve desired business objectives.

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In the Search for the Next Big Thing

  • The search for the next big thing is always a challenge, but keeping an eye on what is just now possible through new technologies can help lead the way.
  • Startup teams should be curious about new tech advancements and be able to balance the novelty of what is just now possible against the need for familiarity that customers crave.
  • New business models can also be created, not just new technologies, helping companies gain a competitive edge and attract new customers.
  • The concept of MAYA, coined by Raymond Loewy, could provide balance - it means creating something that is the most advanced yet acceptable.
  • The dilemma between what is possible and familiarity shouldn't be overlooked.
  • Product discovery techniques and design tools are essential to help understand customer needs and expectations, as consumer behavior is key to unlocking the next big thing.
  • Finding new solutions involves creating a blank canvas of opportunity, then connecting them to the cutting-edge of enabling tech - this takes a strong product team and relentless founders.
  • The search for the next big thing is ongoing, and the most successful businesses often rely on teamwork between tech and product teams.
  • Being aware of the relevant problems faced by customers is an essential part of unlocking what lies ahead - entrepreneurs should be curious, insightful and focused on the future.
  • Creating familiar surprises that help balance existing needs with customers' thirst for the new can help startups and established businesses alike stay ahead of the curve.

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The secret life of AI operators

  • An AI model processes input and produces an output in discrete steps, making it closer to a toaster than a living organism.
  • AI models only produce probabilistic outputs that require software engineers to select the most desirable result.
  • Agentic workflows allow for the integration of generative AI into program logic diagrams, but it still requires human feedback and guidance.
  • AI will remain dependent on humans to understand what a 'good' output is for the foreseeable future.
  • The interface of an AI product is important for human operators to efficiently operate the model.
  • Successful AI implementations focus on designing a human-AI partnership rather than seeking to fully eliminate human operators.
  • AI products require an explicit operator strategy, including whether operators will be remote employees, on-site staff, end users, or a combination of all three.
  • A more nuanced understanding of the human-AI collaboration is necessary, and the myth of fully autonomous AI systems needs to be dispelled.
  • Quantifying quality for machines is the next great frontier and is critical to creating AGI.
  • Judging from how humans don’t agree on 'good' or 'bad', AI products will still require human operators in the foreseeable future.

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Amara’s Prophecy: The Product Management Evolution with AI

  • AI is expected to have long-term impacts on Product Management, transforming the role entirely.
  • AI automates tasks that once took hours or days, leading to the evolution of Product Management.
  • Similar to the shift in the architectural design industry with the rise of CAD software, Product Managers must adapt to the changing landscape.
  • AI can assist with various tasks, but it cannot replace the unique qualities of human Product Managers.

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Lego releases toy figures with sunflower lanyards to represent hidden disabilities

  • Lego has released its first minifigures with Hidden Disabilities Sunflower lanyards.
  • The lanyards indicate non-visible conditions like autism or dementia.
  • Lego collaborated with the UK-based Hidden Disabilities Sunflower initiative.
  • The aim is to raise awareness and create conversation around hidden disabilities.

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the ultimate guide on how to make easy money online!

  • Understanding easy money online involves finding convenient and flexible ways to earn income through various online platforms.
  • Identify your skills, target a niche market, and consider affiliate marketing as popular methods to make easy money online.
  • Different ways to make money online include freelancing, participating in online surveys, and working as a virtual assistant.
  • Blogging and affiliate marketing offer accessible ways to monetize your interests and promote relevant products to your audience.
  • Tips for successfully making easy money online include leveraging your skills and interests, researching profitable niches, starting small and scaling gradually, using reputable platforms, and being consistent and patient.

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20 Ways to Boost Your Income in 2025

  • In 2025, individuals will have various routes to bring in cash, keeping in mind that 95% of workers’ salaries must keep up with the rise in living expenses by then.
  • Freelancing on Upwork, Fiverr, and Toptal are excellent starting points for those who are talented in writing, graphic design, coding, or digital marketing.
  • Creating and selling online courses through Workable or Udemy and sharing your knowledge is another excellent revenue stream.
  • Although blogging may seem outdated, with a niche focus and robust SEO strategy, it can be lucrative through affiliate marketing, ad placements, or sponsored content.
  • Dropshipping on platforms like Shopify and Oberlo can be an excellent way to sell products without holding inventory, as suppliers handle storage and shipping.
  • On platforms like Fundrise, you can pool funds with others to invest in properties passively.
  • Explore remote work opportunities that allow you to work from anywhere on sites like We Work From a Distance or Remote.co.
  • Start a YouTube channel and monetize it through ads, sponsorships, and affiliate marketing. Consistency and engagement are key to success.
  • Create and sell digital products like ebooks, templates, and printables on marketplaces like Etsy or Gumroad to reach potential buyers.
  • The demand for virtual assistants is on the rise, and tasks like scheduling, email management, and research are typically outsourced, making it an ideal job for organized people.

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