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Lenny Rachitsky Profile picture
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13 Nov, 8 tweets, 3 min read
Every week, @KiyaniBba pulls together the best conversations from our subscriber Slack community into a weekly "Community Wisdom" email, synthesizing the best advice from the community. This week's email was SO good. Some highlights in the thread below 👇
lennyrachitsky.com/p/-community-w…
1/ Running monthly business reviews
2/ Does the startup grind ever end
3/ Best product management software
4/ Prioritizing engineering work
5/ Systems for getting feedback
6/ Top reads and listens
7/ Thank you to everyone in the community for making it such a special place ✨

P.S. We check with each contributor before this email goes out, so conversations stay private if the person prefers.

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More from @lennysan

Lenny Rachitsky Profile picture
13 Nov
Some things I've learned about the newsletter'ing life, so far 👇
1/ It's really easy to start a newsletter. It's very hard to keep it going.

The key to keeping it up, at least for me, is (1) being genuinly curious and energized about the topic, (2) having a broad enough topic to keep it novel, and (3) having consistent time to write.
2/ Optimize for a topic YOU'RE excited about, not what you think other people will be excited about.

This is so important. It's the reason I went against the classic advice of finding a single focused niche. I would have been so bored thinking all day about just one thing.
Read 15 tweets
Lenny Rachitsky Profile picture
12 Nov
Update: If you are *not* a product manager but work closely with PMs (e.g. eng, designer, PMM, etc.) could you also take this survey?

This will let us to see how PMs see their role vs. non-PMs, at the same company.

P.S. Please share the survey – the more data we get the better!
Over 400 responses already, how fun!
Thank you so much to everyone who's RT'd this and/or shared the survey with colleagues ❤️
Read 5 tweets
Lenny Rachitsky Profile picture
11 Nov
🙏 ASK: If you are a Product Manager at a big tech company, can you take this quick survey (<3 mins)?

I'm looking into how the PM role differs across companies. If you take the survey you'll get the results first.

Please RT so that we can get more data
lennysan.typeform.com/to/uXQI1tFD
We're already at over 100 responses 📈

Let's keep it going! Some suggestions:
1. If your team has a PM Slack channel, can you share the survey there?
2. If you're in Blind, consider posting a link
3. If you have PM friends at other companies, share the survey with them

Go team!
A peek at some early results Image
Read 5 tweets
Lenny Rachitsky Profile picture
3 Nov
10 nuggets of wisdom about pricing strategy pulled from @Patticus's epic guest post last week, including how much to discount, when to consider freemium, the impact of design on price, whether to end your price with a 9 vs. 0, value props, and much more

Read on 👇
1/ You should localize your pricing to the currency and willingness to pay of the prospect's region

✔️ Revenue per customer is 30% higher when you just use the proper currency symbol
✔️ Having different price points in different regions increases revenue per customer further
2/ Freemium is an acquisition model, not a part of pricing

✔️ Think of freemium as a premium ebook driving leads, not another pricing tier
✔️ Don't do freemium until you truly understand how to convert leads to customers
✔️ Paid users who convert from free tend to be better
Read 12 tweets
Lenny Rachitsky Profile picture
27 Oct
💥 New post 💥

How to Price Your SaaS Product, by @Patticus

Inside:
✔️ The 2 foundational elements of pricing strategy
✔️ Determining what axis to price on
✔️ Plug-and-play templates
✔️ Tons of examples
✔️ Bonus advice

Summary in thread below 👇
lennyrachitsky.com/p/saas-pricing…
1/ Last month I asked y'all who the smartest person on pricing is
2/ Many suggestions came though but one name came up again and again: @Patticus

With the slightest of prods, Patrick agreed to write a guest post answering a question I've received almost more than any other: How do I price my SaaS product?

What follows is Patrick's advice 🙌
Read 23 tweets
Lenny Rachitsky Profile picture
20 Oct
Early-stage bottom-up SaaS founders – this thread is for you

Below 👇
🔬 Most important metrics to track
🛠 Tools to track these metrics
🎨 How to best visualize and share these metrics
1/ 🔬 What metrics should early-stage bottom-up SaaS founders focus on?

✨ Pre-revenue ✨

1. Retention:
✔ User: % of new users who are still active 3-6 months later
✔ Logo: % of new companies who are still active 3-6 months later
✔ L7/L30: # of days that users are active
2/ Virality within an organization:
✔ Invite rate: % of new users who sent at least one invite in the first X days
✔ Invite conversion rate: % of users who receive an invite that sign-up in the next X days
✔ Virality factor: % of new users who have come from an invite
Read 15 tweets

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