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A Founder also does the same. Then, whats the difference between a
Founder’s role and a Product Manager’s role ?
When there is no longer enough time from the founder, as he gets busy
with funding and other issues and things have stopped feeling cohesive.
Teams ask:
The PM the builds the system and tools that help the entire team build
the product.
Product Manager role is often confused with two other roles: the
Project Manager and the Program Manager (also PMs !!)
Product Manager
Product Managers own the success of a product throughout its
whole lifecycle.
Project Manager
Project Managers are responsible for execution. They live in the
world of budgets and schedules. This role is most valuable in large
companies, or with projects that include a lot of dependencies.
Program Manager
Program Manager role is nearly always technical and relates to
programming. You can often think of them as technical Product
Managers.
Current Education for Product Management
User eXperience (UX), on the other hand, is the internal experience that
a person has as they interact with every aspect of a product or service.
What is UX?
This ‘usability honeycomb’ has become the foundation for best practices
for UX professionals to help guide their efforts across multiple
touchpoints with the user, including:
The server side isn’t visible to users, but it powers the client side.
It is represented by information, servers, and databases that are
located somewhere else.
Your web application needs a place to store its data, and that’s what
a database is used for.
- MySQL : you can use SQL queries to find information in the MySQL
database
- PostgreSQL
- MongoDB : user's behavioral data
Others :
Cloud Based Infrastruture - Amazon web services like EC2, RDS, S3, ELB,
Autoscaling, CodeDeploy, SES
In order to build a great product, you first have to conceptualize it. One
of the crucial skills for conceptualizing your idea is Wireframing
1. Wireframes are visual guides for websites or apps that lay out the
rough structure for where the content is going to go.
2. Wireframing is the first step to take in order to materialize your idea
3. Wireframes have a low fidelity/accuracy. As you gather feedback, you
add more details and more fidelity
4. Wireframes make it easier to communicate feature ideas
These skills are also helpful if you want to sketch out an idea you want to
propose
Tools:
Balsamiq, Axure, Omnigraffle, Hotgloo, POP
Fail fast: run as many experiments as you can in order to collect more
data and find the best version for your product
METRICS
#1 Growth & Activation metrics
Track and measure how your product is growing : Total New Users,
New users by source, Activated users (performed an In App
action)
MAU (Monthly Active Users), WAU, DAU, DAU / MAU
Downloads, App Opens
Mobile %, Android vs iOS
#2 Retention metrics
App User Retention % : 7 days, 30 days
Uninstall %
Track how many people are coming back to use your App
repeatedly : Retained users, Resurrected users
Retained users are users who are using your app all the time
Resurrected users are users who haven't been using your app
for a while, but they're coming back after you notified them
about, let's say, some attractive new feature
# 3 Engagement Metrics :
Track how many times users are engaging with the App : Page
Views, PVs per session, PVs per MAU, Visits
Bounce Rate
#5 Revenue metrics
Lifetime value
Cost Per Acquisition
Revenue per user
Paid user : Organic User ratio
Examples of metrics of popular companies
Companies have a lot of similar metrics, but when it comes to
enagagement, they have some metrics that are specific to their product
Growth metrics: total new users per month, DAU/MAU, activated users
Engagement metrics: multiple logins per day, time spent on the website,
number of tweets sent per user, average number of likes, re-tweets and
follows, number of private messages sent
Youtube
Facebook :