Mailing List Cleanup - ProductLed (Part 1)
(This is part of an open ended series of posts where I write down random things I feel are sharable from the years of mailing lists I’ve not caught up on…)
I was listening to Episode 741 | What Actually is Product Led Growth? (with Wes Bush) the other day and was all ‘wait a minute, that sounds familiar’ … and it is probably because I have 234 messages from February 2022 from the (ProductLed)[https://productled.com/] mailing list.
I really like the concept of PLG – even if the app I am building doesn’t lend itself to it… From their site, they define it as;
Unlike sales-led companies where the whole goal is to take a buyer from Point A to Point B in a sales cycle, product-led companies flip the traditional sales model on its head. Product-led companies make this possible by giving customers a way to experience the product for free, either through a freemium product or some kind of free trial. If the customer experiences a meaningful outcome while using the product, upgrading to a paid plan becomes a no-brainer.
I have no idea how I initially stumbled onto this list… but it aligns with a lot of my thoughts around product. So here is the first year of old messages.
- 5 Ways to Drive Pipeline with Product-Led Content – I’ve gotta really ramp the marketing engine up in January.
- SaaS Copywriting: 11 tips to improve product activation & conversion – see previous comment
- “In a PLG model, the sales force acts more like coaches. Coaches guide users to consistently receive value from the product.”
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Every team in your company needs to think differently in a product-led organization.
Sales → Goes from hunting to farming.
Marketing → Focuses on creating value, not demand.
Support → Creates experience over answering tickets.
Product→ Drives revenue over building features. - ‘… your product reveals what is working and what’s not.’
- There are 6 PLG business models;
- Opt-In Free Trial
- Opt-Out Free Trial
- Usage-Based Free Trial
- Freemium
- New Product
- Sandbox
- The BEDROCK Framework – to help you decide which of the business models likely works best for you
- ‘If you want to be product-led, you need to: … Refuse to change your product vision for a big customer’ – so much this. Note that it doesn’t say that you do do custom stuff for them, but it gets flagged. Getting customers to pay for your application buildout is great
- SaaS YouTube Video Marketing Strategy: Driving User Engagement and Conversion – January. I need something to record first.
- The five main components are critical to master if you’re going to build a successful product-led business;
- What’s the central promise of your product?
- What are the main problems your users are going to encounter in trying to achieve the above promise?
- What’s that first meaningful outcome you’re going to help people accomplish?
- Blaze a path that gets people to that outcome in your product fast.
- Create a painless buying experience.
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When unclear about a decision, ask yourself these three questions for clarity.
What do I think is best to do? (head)
What do I feel is best to do? (heart) What do I have the courage to do? (gut)You’ll use your head, heart, and gut-brain to make a well-rounded decision. Most bad decisions are a result of only relying on one brain to make a decision.
When things feel right, it’s because all three brains are in alignment.
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The best onboarding experience guides users through a series of “Aha” moments before, during, and after they sign up for a product.
- ‘… companies don’t successfully engage users before trying to monetize them.’