Afraid to raise prices? Not only does business sometimes call for it, your customers also may not mind as much as you think.
If a company’s cost of revenue is creeping up it may be time to consider charging more for its product or service, writes Erik Sherman in an article for Inc.
In this second post of a three-part series (see Part I and Part III), four user experience and product design experts share solutions for UX challenges facing expansion-stage companies.
This week, in conjunction with a workshop OpenView is hosting on user experience process and product design, we’ve gathered a panel of four industry experts who each know a thing or two about designing successful products.
When developing and marketing technology, it’s easy for many companies to become overly focused on their product rather than their potential users and their needs. According to Brian Solis, award-winning author of The End of Business As Usual, that’s a mistake that frustrated him throughout the beginning of his career in marketing and public relations. “It was always about features and speeds and fees, and not necessarily about how that technology would benefit an organization, a customer, or what have you.” Solis sat down with Bryan Elliott, host of the web series Behind the Brand to discuss how it’s much…
Contrary to some beliefs, not all press is good press. Publicly introducing a product that is unprepared for its day in the sun can be a costly mistake, writes Tara Hunt, CEO and co-founder of Buyosphere. Many founders have been enticed into going public with a product too early. They’ve worked on the product from start to finish and are eager to show it off to the world. But waiting has its own distinct benefits, explains Hunt. What are the incentives…
Traditional entrepreneurs are more inclined to focus on profitability versus usability. That’s not to say that traditional entrepreneurship is devoid of personal interest and an attention to usability — because it’s not. Although data shows that approximately 10 percent of startups are founded by user entrepreneurs, their impact on the industry is disproportional, writes Entrepreneur writer Carol Tice. The most easily recognizable case is Sara Blakely, founder of Spanx. Blakely is now the first self-made female billionaire, but before that,…
In a post for 1 to 1 Media, Cynthia Clark explains how to use QR codes to tell a product’s story. Clark uses the example of Britain-based charity Oxfam, which is using technology to tell the story of the second-hand items sold in some of its stores. “Using QR codes, Oxfam is creating a link between a product’s previous owner and its retail shoppers in an attempt to make the shopping experience more interesting and to sell more donated products,” she writes. Clark says Oxfam has also developed an iPhone app, called…
Saeed Khan defines product management and new product development strategy, how it should be staffed, and what growing companies should do to get the most out of their product management teams.
A lot of startup and expansion-stage technology companies say they believe and invest in product management. So, they hire a couple of product managers to handle the tasks they believe fall into the product management bucket and have those new team members report to either the head of marketing or engineering.