A Digital Product Manager will develop online products from concept and testing all the way to launch. These individuals will perform in-depth research on digital media trends while keeping in mind their end user’s needs. Digital Product managers will oversee the product development process to ensure new features and enhancements are meeting branding, usability, and ultimately business objective standards.
What does a Digital Product Manager typically do?
All phases of the product development lifecycle
A Digital Product Manager will develop a successful roadmap that outlines what actions needed to be taken by teams in order for the product to be successful. They’ll oversee all aspects of the product development process including analysis, design, testing, and integration between digital products.
Implement best practices of the Digital World
They are driven by changes in technologies and the ways in which consumers decide to make purchases online or decisions. They have a rock-solid understanding of web development, UI, and user experience optimization as well as emerging opportunities in social media, email, search, and mobile.
Effective Project Management
These individuals will lead the innovation process and assure a pipeline of new ideas are being generated continuously. Using effective project management, they target budgets through successful planning, logistics, and implementation.
Digital Product Manager vs Product Manager
A Digital Product Manager is similar in title to a traditional Product Manager because both positions oversee a product lifecycle and use project management skills. But there are big differences between the knowledge launching a digital product vs. a physical product. For example, a Digital Product Manager will be developing a product such as a website, mobile app, or software application with mainly the IT and marketing team. A Product Manager will be partnering with market research, engineering, and supply chain teams to develop a physical product such as a book or clothing.
Important metrics for a Digital Product Manager:
- Customer Lifetime Value (LTV)
- Customer Acquisition Cost (CAC)
- Monthly Recurring Revenue (MRR)
- Average Revenue Per User (ARPU)
- Net Promoter Score (NPS)
- Customer Conversion Rate
- Churn Rate
- Bounce Rate
- Session Duration