This presentation centers around challenges that David LeBonne, PM at Google, has either experienced or seen during his career when B2C tactics, strategies, or hot trends have been applied to B2B product management unsuccessfully. David finds learning from failures to be particularly interesting.
15. Quick survey:
“We’re data driven here, we A/B test everything”
“We don’t plan beyond 6 months - we’re really agile”
“It’s the most requested user feature, we have to work on it”
16. Agenda
B2B v. B2C
The story is the star:
● Don’t A/B test everything
● Have a multi-year plan
● Cater to buyers
Wrap up
Q&A
17. B2b and b2c differences
Cost
Length of sale
# users
high
high
low
18. The story is the star
Developing a point of view that resonates and that you and the team believe in is
the most important thing you can do as a B2B PM
In B2B products:
● Feedback loops are long
● User data is scarce
● The buyer will often never use your product
19. Scenario 1 - don’t A/B test everything
The story should be the star
Focusing too narrowly on data results can make you lose sight of the
story
20. Scenario 1 - don’t A/B test everything
Your company makes data science models to plug into operational processes at
large companies
● Uncover efficiencies in bug reports, customer feedback, and other artifacts
● Up to 250GB of data hosted analyzing millions of data points
● Proprietary NLP algorithms - best of class (97% accurate)
You
● Build a relationship with the team built on being data driven
● Encounter a challenge when you want to launch a feature that may not help
the accuracy of the NLP algorithms
21. Scenario 1 - don’t A/B test everything
Solution
● Focus on business value, not just statistics
● Don’t A/B test unless you intend to make a real decision based on results
● Get team buy-in around product vision
● Be able to explain how advancing the vision outweighs advancing the stats
22. Scenario 2 - have a multi-year plan
The story should be the star
If you don’t develop it, someone else will
23. Scenario 2 - have a multi-year plan
Your company sells HR solutions to medium sized, fast growing companies
● Administer several benefit options
● Auto-generate org charts and reporting structures
● Administer time off and vacations policies
You
● Focus on being “agile”, things change too fast to commit to anything beyond 6
months
● Encounter a challenge when your head of sales commits to two of your biggest
customers to support payroll automation by end of year
24. Scenario 2 - have a multi-year plan
Solution
● Take an interest in sales and business development to shape customer
conversations - give them the firepower they need with realistic constraints
● Communicate openly and honestly about where the product is headed
● Set expectations that roadmaps aren’t project plans
● Have a multi-year vision for the product
25. Scenario 3 - cater to buyers
The story should be the star
User feedback is great, but don’t let it get in the way of a story for the buyer
26. Scenario 3 - cater to buyers
Your product enables recruiting and hiring
● AI-enhanced screening of resumes
● Auto-post to every top job board
● Seamless onboarding of new hires
You
● Create an elaborate feedback loop with users, usually HR managers, to
prioritize new feature requests
● Encounter a challenge when your competitor starts gaining market share
because they provide a clear compliance and bias reporting plan for the C-suite
27. Scenario 3 - cater to buyers
Solution
● Understand why your customers are buying the product and who in the
organization you are selling to
● Talk to buyers, develop buyer personas, understand buyer needs
● Don’t let user feedback get in the way of the product vision
28. Wrap up
The story is the star:
● Develop a point of view that resonates with the team
● Make your product vision a multi-year plan
● Empathize with buyers, not just users
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