I am thinking of creating a product management productized service.
Founders who has limited time or hard time to get things done will subscribe and have some to manage the product end to end
Key role:
- Will audit your business, nail down a monthly goals and then create a custom step-by-step plan to hit it month after month.
- Will track what the you do every day
-Will train and coach you on every system and strategy in the plan that will help the you grow so they can execute their way to a record-breaking year of revenue.
@csallen @Vinrob @joeheadbuff What do you guys think?
If you are doing this , make sure you charge the customer more. Otherwise, it ends up being unprofitable for whoever is doing it. Just a rough calculation - If say, a PM makes 100K (for example) ... its only worth the time, if you could get 20K out of 5 customers, or if you have 100 customer, then you do 1K / year. So, ensure you price yourself well to be profitable, as u will doing considerable work.
If you are imagining this as a Uber for X or AirBnB for X "mind-model" - please double check your assumptions ... we learnt it the hard way :) .. but it was a funny / useful exercise in the hindsight !
We at workapp tried this (without realizing it) .... we ended up realizing that the model we used we were charging very less for the effort we were putting in, and customers always expected more ~ especially given that it was a core responsibility of managing project.
Another thing we found, this was a tricky situation to be in for both us and the founding team ~ as for them, they can't let go and trust us like autopilot, for us we found ourselves constantly being second guessed by the customer... a very hard place to be in.
Is this still going?
Depends how good they are and, crucially, how much work I'd have to upfront to get them started. You'd have to have a killer sales page describing the type of work they'd do. But $250/month is peanuts.
For any idea, the best way to see if it's viable is to talk to people who need it, get people to pay for it and see if it gains some traction.
That being said, personally, I think this idea isn't quite ready for prime time for a couple reasons.
I'd consider something like the Productize course and community from @briancasel. Def one of the best places to hone this :)
Or Robin's FB community for productized services!
Sounds like a monthly package for a VA...
I think you need to identify a niche to start with.
If you helped 10 other "design-as-a-service" companies achieve X and Y results, then I would be interested to talk to you but it might be too vague at the beginning to be interesting.
Let me know how it goes!
How do you go about knowing what direction the product should take? Sounds like a lot of background, domain knowledge, access to customers, access to prospects and groundwork is required?