Product Led Growth Strategy
Mickey Alon, CTO & Founder – Gainsight PX
About Me
2
• CTO and Founder of Gainsight PX (Aptrinsic) - A Product Growth
Platform
• CEO & Co-founder of InsightEra (Marketo RTP), GVP at Marketo
• Co-Author of “Mastering Product Experience”
GTM Evolution
Confidential. Copyright © 2016-2017. All rights reserved.
Sales-led
Customer acquisition led
primarily by sales teams
Product Assisted
Driven by customer expectations
to try the product earlier in
buying process
Product-led
Features & usage are primary
drivers for customer
acquisition, retention and
expansion
MARKETING LED GROWTH
4
Sales driven buying
experience
Not realizing value
• Companies force prospects to
jump through hoops, such as
filling out lead forms or
requesting a free trial, a quote or
a demo to learn about the
product
• Companies focused on
marketing/sales funnels and the
size of those fiunnels as their
primary framework
(MQLs/SQLs)
• Product teams played limited
role in customer acquisition
process
PRODUCT LED GROWTH
5
The product is the
experience
Time to initial value Value Path / Realized Value
• Companies provide access to
products earlier in the buying cycle
via trials or freemium and
personalize each user’s journey
• Companies focus on customers
while they use product, throughout
the lifecycle, for increased sales
efficiency (Awareness -> PQLs)
• Product teams increasingly more
responsible for customer acquisition
metrics
Key Drivers
For PLG
6
Consumerization of customer
expectations, experience counts
Economics behind fast growth – it’s
a competitive advantage
Shorter cycles to launch new
features, experiment & learn =
faster innovation
B2B ENTERPRISE SAAS UNICORN
7
Creating A Product-Led Strategy
Define the North
Star Metric
9
Measure the success of your product by the
value it provides to your users
Freemium/trial, no
upfront commitment,
differentiated by
premium features or
usage
10
Transparent pricing
Expose users to
premium features, let
them try and apply
different levels of
paywalls
11
Apply Paywall
*Determine which features
to provide for free or full
access during a trial and
which one to lock-up
12
Strive to be used as part
of the daily routine.
Make it easy to onboard
new users.
Viral
13
Ungated signup and focus
on quick time to value,
enable growth loop
Frictionless Onboarding
14
User Onboarding Experience
• Master The First Interaction: set user expectations as they
onboard to your product, engage & guide users consistently
to the first moment of value
• Capture the desired outcome: understand the customer’s
desired outcome as part of onboarding.
• Build A Nurture track: map the user journey and nurture
with best practices / webinars / community
Accelerate time to value
• Understand & Optimize the first mile
of product towards the moment of
value {Complete the first core task}
• Identify challenges and improve the
usability and discoverability for core
features.
• Prioritize product roadmap to
support exceptional product
experience – demo/trial/onboarding
Feature Activation
• Raise feature awareness through
outbound/inbound efforts
• Promote in-context based on who they are
and what they do
• Increase discoverability using shortcuts or
in-app engagement
Avoid The Product Death Cycle
17
https://brianbalfour.com/landing/p-100m-frameworks
Focus On Product Adoption
• Adoption is the best cure for retention, helps drive sustainable
growth and advocacy
• Understand product market fit (PMF) & go-to-market fit (GMF)
• Tie usage to retention analysis of the different cohorts
Easy to expand by adding
new users, adds value
over time and hard to
replace.
19
Sticky
Closed Loop Feedback
• Capture user feedback to connect directly with end users rather
than extracting feedback from multiple layers.
• Stay close to users and close the loop instantly using tools like
Slack/Calendly.
• Capture the desired outcome (survey) as part of the on-boarding
experience
• Targeted NPS driven by usage
• Feature/release rating
Enabling seamless integrations,
data sharing through standard
interfaces & workflows
21
Enterprise Grade Ecosystem
22
The Cross Functional
Team Effort &
Alignment
Marketing Focus
• Product Launch & positioning
• Driving trials/demos
• SEO & Paid media channels
• Social/Podcast/G2Crowed
• Promote webinars through the app
MQL to PQL
• Product-qualified lead represents a lead that signed up and
demonstrated buying intent based on product interest, usage,
and behavioral data.
• PQLs provide a more accurate method of tracking customer
journeys from signup to x-sell/upsell.
• PQL is a key metric for companies that’s transitioning to a tech
touch / product-led GTM strategy.
Sales
• Show me vs Tell me – using the product to demonstrate value
• Product oriented sales team – where the buyer tends to be in
control of the process
• Using usage and features as levers
• Land & expand strategy, incremental spend
• Strong understanding of the competitive landscape
Success
• Scaling Onboarding through the product
• Focused on outcome and expansion
• Drive Adoption Plays
Product
• Product road-mapping is shifting from feature-
centric to outcome and growth driven
• Drive cross functional alignment around growth
• Prioritizing usability enhancements to drive
adoption
Thank You!
Mickey Alon, CTO & Founder – Gainsight PX

Product Growth Strategy for SaaS

  • 1.
    Product Led GrowthStrategy Mickey Alon, CTO & Founder – Gainsight PX
  • 2.
    About Me 2 • CTOand Founder of Gainsight PX (Aptrinsic) - A Product Growth Platform • CEO & Co-founder of InsightEra (Marketo RTP), GVP at Marketo • Co-Author of “Mastering Product Experience”
  • 3.
    GTM Evolution Confidential. Copyright© 2016-2017. All rights reserved. Sales-led Customer acquisition led primarily by sales teams Product Assisted Driven by customer expectations to try the product earlier in buying process Product-led Features & usage are primary drivers for customer acquisition, retention and expansion
  • 4.
    MARKETING LED GROWTH 4 Salesdriven buying experience Not realizing value • Companies force prospects to jump through hoops, such as filling out lead forms or requesting a free trial, a quote or a demo to learn about the product • Companies focused on marketing/sales funnels and the size of those fiunnels as their primary framework (MQLs/SQLs) • Product teams played limited role in customer acquisition process
  • 5.
    PRODUCT LED GROWTH 5 Theproduct is the experience Time to initial value Value Path / Realized Value • Companies provide access to products earlier in the buying cycle via trials or freemium and personalize each user’s journey • Companies focus on customers while they use product, throughout the lifecycle, for increased sales efficiency (Awareness -> PQLs) • Product teams increasingly more responsible for customer acquisition metrics
  • 6.
    Key Drivers For PLG 6 Consumerizationof customer expectations, experience counts Economics behind fast growth – it’s a competitive advantage Shorter cycles to launch new features, experiment & learn = faster innovation
  • 7.
  • 8.
  • 9.
    Define the North StarMetric 9 Measure the success of your product by the value it provides to your users
  • 10.
    Freemium/trial, no upfront commitment, differentiatedby premium features or usage 10 Transparent pricing
  • 11.
    Expose users to premiumfeatures, let them try and apply different levels of paywalls 11 Apply Paywall *Determine which features to provide for free or full access during a trial and which one to lock-up
  • 12.
    12 Strive to beused as part of the daily routine. Make it easy to onboard new users. Viral
  • 13.
    13 Ungated signup andfocus on quick time to value, enable growth loop Frictionless Onboarding
  • 14.
    14 User Onboarding Experience •Master The First Interaction: set user expectations as they onboard to your product, engage & guide users consistently to the first moment of value • Capture the desired outcome: understand the customer’s desired outcome as part of onboarding. • Build A Nurture track: map the user journey and nurture with best practices / webinars / community
  • 15.
    Accelerate time tovalue • Understand & Optimize the first mile of product towards the moment of value {Complete the first core task} • Identify challenges and improve the usability and discoverability for core features. • Prioritize product roadmap to support exceptional product experience – demo/trial/onboarding
  • 16.
    Feature Activation • Raisefeature awareness through outbound/inbound efforts • Promote in-context based on who they are and what they do • Increase discoverability using shortcuts or in-app engagement
  • 17.
    Avoid The ProductDeath Cycle 17 https://brianbalfour.com/landing/p-100m-frameworks
  • 18.
    Focus On ProductAdoption • Adoption is the best cure for retention, helps drive sustainable growth and advocacy • Understand product market fit (PMF) & go-to-market fit (GMF) • Tie usage to retention analysis of the different cohorts
  • 19.
    Easy to expandby adding new users, adds value over time and hard to replace. 19 Sticky
  • 20.
    Closed Loop Feedback •Capture user feedback to connect directly with end users rather than extracting feedback from multiple layers. • Stay close to users and close the loop instantly using tools like Slack/Calendly. • Capture the desired outcome (survey) as part of the on-boarding experience • Targeted NPS driven by usage • Feature/release rating
  • 21.
    Enabling seamless integrations, datasharing through standard interfaces & workflows 21 Enterprise Grade Ecosystem
  • 22.
    22 The Cross Functional TeamEffort & Alignment
  • 23.
    Marketing Focus • ProductLaunch & positioning • Driving trials/demos • SEO & Paid media channels • Social/Podcast/G2Crowed • Promote webinars through the app
  • 24.
    MQL to PQL •Product-qualified lead represents a lead that signed up and demonstrated buying intent based on product interest, usage, and behavioral data. • PQLs provide a more accurate method of tracking customer journeys from signup to x-sell/upsell. • PQL is a key metric for companies that’s transitioning to a tech touch / product-led GTM strategy.
  • 25.
    Sales • Show mevs Tell me – using the product to demonstrate value • Product oriented sales team – where the buyer tends to be in control of the process • Using usage and features as levers • Land & expand strategy, incremental spend • Strong understanding of the competitive landscape
  • 26.
    Success • Scaling Onboardingthrough the product • Focused on outcome and expansion • Drive Adoption Plays
  • 27.
    Product • Product road-mappingis shifting from feature- centric to outcome and growth driven • Drive cross functional alignment around growth • Prioritizing usability enhancements to drive adoption
  • 29.
    Thank You! Mickey Alon,CTO & Founder – Gainsight PX

Editor's Notes

  • #15 Master The First Interaction: set user expectations as they onboard to your product, engage & guide users consistently to the first moment of value Capture the desired outcome: understand the customer’s desired outcome as part of onboarding. Nurture track: map the user journey and nurture with best practices / webinars / community
  • #16 Understand & Optimize the first mile of product towards the moment of value experienced by the user [Initial Value] Identify challenges and improve the usability and discoverability for core features. Prioritize product roadmap to support exceptional product experience – demo/trial/onboarding
  • #17 Raise feature awareness through outbound/inbound efforts Promote in-context based on who they are and what they do Increase discoverability using shortcuts or in-app engagement
  • #18 Add New Features: Team adds new exciting product features. Launch: Features are launched with some press. Spike: A short term spike in growth occurs.  Growth Flattens: Within weeks the growth flattens off. (repeat) Add New Features: Team ends up back where they started, adding new features to get another spike. 
  • #19 Adoption is the best cure for retention, helps drive sustainable growth and advocacy Understand product market fit (PMF) & go-to-market fit (GMF) Tie usage to retention analysis of different cohorts
  • #24 Product Launch & positioning Driving trials/demos SEO & Paid media channels Social/Podcast/G2Crowed Product oriented PR and thought leadership
  • #25 Product-qualified lead represents a lead that signed up and demonstrated buying intent based on product interest, usage, and behavioral data. PQLs provide a more accurate method of tracking customer journeys from signup to x-sell/upsell. PQL is a key metric for companies that’s transitioning to a tech touch / product-led GTM strategy.
  • #26 Show me vs Tell me – using the product to demonstrate value Product oriented sales team – where the buyer tends to be in control of the process Using usage and features as levers Land & expand strategy, incremental spend Strong understanding of the competitive landscape
  • #27 Scaling Onboarding through the product Focused on outcome and expansion Drive Adoption Plays
  • #28 Leading product teams are moving from feature-centric to a more outcome-driven approach. Instead of tracking vanity metrics, like how many features a product team has shipped to focusing on driving customer value, measured by outcomes and longer term  metric like customer lifetime value (CLTV). Product road-mapping is shifting from feature-centric to outcome and growth driven Drive cross functional alignment around growth Prioritizing usability enhancements to drive adoption Data driven decisions tying bookings & revenue to product investments