You’ve collected and analyzed product usage data. You’ve developed your product roadmap based on how customers are actually using your software. Now it’s time to present and justify your decisions to senior management, are you ready?
Presentations to higher-ups are key to moving your product development strategy, and your career, forward. As the product expert, you have the customer usage data to back up your decisions, but higher-ups have strong opinions based on years of experience, conversations with some customers, and what the loudest voice in sales just reported. What’s the best way to present the data that drove your decisions? How can ‘dry’ data be used to animate a story that drives management buy-in for your roadmap?
Join our webcast to ensure your presentations move your product strategy forward and let you shine.
In this webinar, you’ll learn:
~ How to think from your audience’s perspective
~ How to present data so that it tells the customer story
~ How software usage analytics can help drive your decisions
~ What metrics matter for roadmap development
Anthropologist, Director of Research and Knowledge Development, at AIPMM, Paula Gray and Revulytics VP of Software Usage Analytics, Keith Fenech will provide best practices for selling management on your strategy and using software usage analytics to ensure your decisions truly reflect customer needs.
5. Language
Persuasive communication relies on your
language; your choice of words and data
points areVERY important
Speaking the language data requires
understanding the motivation type of the
audience
6. Understanding
Persuasion
Research by Stanford University and
Northwestern University found
individuals fall into one of 2 Motivation
Types
Specific language cues resonate with
each MotivationType
9. Promotion Focused
Gain or Achieve
Advance and grab
opportunities
Eager, comfortable
with risk
Work quickly
Prone to error, may
not think things
through
Can be unprepared
Prevention Focused
Prevent a Loss
Goals are
responsibilities
Worry what might go
wrong
Work slowly, attention
to detail
Have good analytical
and problem-solving
skills
Can be uncreative and
can miss opportunity
11. Promotion Focused
Use more abstract words
Sounds like:
These are the benefits of…
We will gain ….
We will achieve, make our
mark, gain fame, become
the best…
This will open doors for new
opportunity…
These answer “why”
Prevention Focused
Use more concrete words
Sounds like:
Our obligation is to…
Why you shouldn’t do…
We will get rejected/lose
funding if we don’t…
These techniques are
needed in order to prevent
a loss of time, money,
resources…
These answer “how”
12. ForGroups
include BOTH
types of
messaging in
order to appeal
to each type in
the group
A major win will prevent a loss
Benefit of achievement and critical
penalty if we don’t do X
Include “why” and “how”
15. About
Revulytics
Compliance Analytics
• Identify and quantify
software use and misuse
• Create actionable
intelligence
• Turn intelligence into direct
revenue
Usage Analytics
• Track and analyze product
usage
• Increase customer acquisition
and retention
• Generate revenue with better
products
Recognized as 2017 Gartner CoolVendor
More than 100 customers including Fortune 500 companies
Technology deployed to over 50M machines in more than 200 countries
Our data has supported more than $1.8 billion in new license revenue since 2010
www.revulytics.com
16. Case #1:
Should we
deprecate an
outdated
Legacy
Feature?
Product: Desktop reporting tool
Situation: Legacy Feature inV3 allowed users to build
their own dashboard to customize the UI; inV5 we
introduced new functionality for role-based UI
templates
Problem: Cannot port Legacy UI settings directly to new
role-based templates due to missing elements and
complications
PM Recommends: Drop legacy feature inV6
Management: Believes loyal users still rely on this
feature and would get aggravated if we deprecate this
functionality
17. Case #1
DISCOVERY:
Who is still
using this
legacy
functionality?
11% use it
at least once
in 6 months
84% of these
used it under
10 times
1683 users
Affected
population
1.8%
18. Presenting
Case #1
Promotion
Competitive
advantage
New templates are
already popular
Grow sales
Innovation
Prevention
Lose ground with
backward
compatibility
Labor cost/expense
to support
Developers can’t
focus on innovation
Responsibility is to
majority of users
19. Case #2:
When is the
best time to
start
development
for supporting
a newOS
feature?
Product: Desktop-to-Cloud Encryption and Archiving software
Situation: Microsoft just announced that next OS will have
built-in cloud archiving support
Plan: Switch to using this native OS functionality and extend it to offer
an enhanced experience for all users that adopt it
Pro: Be one of the first solutions offering such support
Con: Switching too early could have negative impact since most customers
will not be able to upgrade due to incompatibilities
PM recommends: get an engineering team in place now to convert the
product to start using native OS support by end of the year
Management: feels uncomfortable taking this decision to dump in-house
functionality and rely on Microsoft’s technology at such an early stage, in
case this technology turns out to be a flop and people won’t use it
20. Case #2
DISCOVERY
How long does
it take users to
adopt a new
OS or product
version?
80% of our
14,000 customers
83% switch to latest
version within 8
months of release
21. Presenting
Case #2
Promotion
New OS allows us to
offer cutting edge
functionality
Viewed as innovative
by customers
Viewed as leader in
the industry
Additional dev time
allows us to be pro-
active with any issues
Prevention
Lost momentum if we
wait and play catch-up
6 months late
Not statistically likely
this OS would be flop
Vast majority of
customers will already
be on new OS
Do not want to be
viewed by customers
as laggard or behind
the times
22. Case #3:
Decreasing
Churn Rate on
Ultimate
Edition
Product: Accounting Package
Sold in 3 Editions: Basic, Premium, Ultimate
Pricing Strategy: Ultimate license costs 2.5x of Basic and includes Audit
functions; annual renewal cost is 40% of license
Problem: Ultimate Edition has healthy conversion rate but abnormally
high churn rate: should we reduce renewal price or package editions
differently?
12% renewal rate for Ultimate
54% renewal rate for Basic/Premium
PM Recommends: Combine Ultimate & Premium in a single package
Management: fear of cannibalizing short term revenue from the
Ultimate Edition; wants to know why people are buying the more
expensive edition, but do not renew
23. Case #3:
DISCOVERY:
What is
causing churn? 98% of users who
buy Ultimate want
to use the Audit
functions
83% of Churned
users only use Audit
functions 1-5 times
in their lifetime
24. Presenting
Case #3
Promotion
Added value in
Premium will
increase new sales
conversions
Added value in
Premium will boost
renewal higher than
existing 54%
Frees up dev to focus
on innovations
Prevention
Increased revenue of
Premium will exceed
loss from Ultimate
Less labor expense
spent focusing on
additional Ultimate
version
Less dev time
focused on Ultimate
26. Q & A Session
Ask questions. Our team is standing by to help.
The webinar slides will be posted to our
website and our
http://www.Slideshare.net/aipmm
The webinar recording will be posted at
http://www.AIPMM.net
for members kfenech@revulytics.com
27. Upcoming Webcast
September 22, 2017
How Mobile Product Managers can Dramatically
Reduce the Time to Market of New Functionality
WWW.AIPMM.COM/AIPMM_WEBINARS
AIPMM Webinar Series:
http://aipmm.com/aipmm_webinars
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Announcements: http://www.aipmm.com
LinkedIn: http://www.linkedin.com/company/aipmm
Membership: http://www.aipmm.com/memberships
Certification: http://aipmm.com/html/certification/
kfenech@revulytics.com