Hey there, all of you awesome product managers and early-stage start-up lovers!
During my time as a product manager, I've learned that data collection from the beginning is one of the most critical factors to your product's success. The long-term impact of this will be massive, even if it's not a straightforward revenue stream as you see it. These tips will help you collect valuable information from the very beginning:
1. Tap into your network: Utilize your LinkedIn and other social network connections to conduct polls and gather data. Don't be afraid to interview friends, friends of friends, and even employees. In the end, ask them to pass on the form to others who can help. Trust me, it will spread faster than you think!
2. Organize everything: Document all interviews into tables and structured databases. This will become valuable data as you progress.
3. Track usage: Use API tracking in your product to keep an inexpensive track of usage, even during demos. You can track customer questions and focus areas, which will provide valuable insights.
4. Structure feedback: Collect all field and R&D feedback into a structured format to quickly identify gaps and improve processes, not just product gaps.
5. It's worth your time and money: you may not think it's necessary right now, but you'll be glad you did it sooner than you think, and you'll be saving valuable time and money along the way. It is also less expensive to start at the beginning than to change it in the middle without planning, and losing data will be catastrophic!
6. Make a business model out of the data: Though you save the data for product improvement, customers may find it extremely valuable to see their time trends! Create models within your product that take advantage of this data and provide extra functionalities to your users!
So there you have it! By following these simple tips, you'll be well on your way to collecting valuable data, developing good practices, and making informed decisions for your product. Happy data collecting!
https://www.linkedin.com/posts/shahar-bahat-84770b196_productmanagement-startup-datacollection-activ
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