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77: Release Free Updates or Launch a New Version

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Manage episode 431390673 series 2930898
Content provided by Jeff Shulman, Red Russak & Soumeya Benghanem, Jeff Shulman, Red Russak, and Soumeya Benghanem. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Shulman, Red Russak & Soumeya Benghanem, Jeff Shulman, Red Russak, and Soumeya Benghanem or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Join us in Seattle on May 12th and 13th for the Inclusive Product Management Summit. Early bird pricing on registration available at https://summit.info.foster.uw.edu/

In this episode of the How to Succeed in Product Management Podcast, marketing professor Jeff Shulman and The Product Management Center advisory board members Red Russak and Soumeya Benghanem welcome Kristina Brecko (University of Rochester) and Spencer Hardwick (Ticketmaster) as they discuss about Kristina’s research and whether you should release free updates or charge for a new version of your product. We’ll also find out why some people choose not to upgrade and how to know if there is value added before you click that update button!

Disclaimer: All opinions of the speakers are their own.

What to Listen For:

  • 00:00 Intro
  • 05:01 Kristina’s research
  • 08:38 Updates and new versions in a PMs point of view
  • 12:29 The main drivers for updates
  • 15:25 Making people aware of the updates and let them be willing to update
  • 17:47 When should you price upgrades?
  • 25:33 Maturity of the market
  • 28:25 Friction and resistance of users
  • 39:39 Why do some users choose to upgrade vs. not to upgrade?
  • 45:24 Upgrading only when there is value added
  • 48:30 Final thoughts
  continue reading

131 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on July 12, 2024 21:56 (18d ago). Last successful fetch was on July 30, 2024 04:40 (17h ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 431390673 series 2930898
Content provided by Jeff Shulman, Red Russak & Soumeya Benghanem, Jeff Shulman, Red Russak, and Soumeya Benghanem. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Shulman, Red Russak & Soumeya Benghanem, Jeff Shulman, Red Russak, and Soumeya Benghanem or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Join us in Seattle on May 12th and 13th for the Inclusive Product Management Summit. Early bird pricing on registration available at https://summit.info.foster.uw.edu/

In this episode of the How to Succeed in Product Management Podcast, marketing professor Jeff Shulman and The Product Management Center advisory board members Red Russak and Soumeya Benghanem welcome Kristina Brecko (University of Rochester) and Spencer Hardwick (Ticketmaster) as they discuss about Kristina’s research and whether you should release free updates or charge for a new version of your product. We’ll also find out why some people choose not to upgrade and how to know if there is value added before you click that update button!

Disclaimer: All opinions of the speakers are their own.

What to Listen For:

  • 00:00 Intro
  • 05:01 Kristina’s research
  • 08:38 Updates and new versions in a PMs point of view
  • 12:29 The main drivers for updates
  • 15:25 Making people aware of the updates and let them be willing to update
  • 17:47 When should you price upgrades?
  • 25:33 Maturity of the market
  • 28:25 Friction and resistance of users
  • 39:39 Why do some users choose to upgrade vs. not to upgrade?
  • 45:24 Upgrading only when there is value added
  • 48:30 Final thoughts
  continue reading

131 episodes

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