Product Management Strategy for scaling a digital gig assistant product and driving its growth in the gigeconomy
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Keywords

Product Management, Gig Economy, Sales Strategy, User Acquisition, Subscription Model, Freemium Service, Revenue Growth, Market Penetration, Digital Platform, a gig assistance product, Retention Strategy, Monetization, Product Development, Customer Retention, Agile Iteration, Data-Driven Decisions, User-Centric Design, Market Expansion, Profitability, Global Scaling

How to Cite

[1]
Ridhima Arora and Manu Handa, “Product Management Strategy for scaling a digital gig assistant product and driving its growth in the gigeconomy”, N. American. J. of Engg. Research, vol. 1, no. 3, Aug. 2020, Accessed: Nov. 27, 2024. [Online]. Available: http://najer.org/najer/article/view/92

Abstract

This paper presents the product management-driven sales strategy for a gig assistance product, a digital platform designed
to support gig workers in efficiently managing their engagements. With a target audience of over 57 million gig workers
in the U.S., a gig assistance product aims to become a centralized solution for job discovery, application management,
and work tracking, offering users a seamless end-to-end experience.
The product strategy encompasses a phased development approach: brand awareness, strategic market positioning, and
gradual expansion into new territories. The product roadmap outlines key milestones, focusing on scaling user acquisition
and transitioning the platform from a freemium model to a subscription-based revenue model once user retention targets
are met. This approach emphasizes the product management principles of iterative development, user-centric design, and
data-driven decision-making.
To optimize growth, the strategy leverages targeted marketing, a detailed three-year sales plan, and customer retention
programs, ensuring a cohesive alignment between product development and sales objectives. The product management
framework applied includes thorough market analysis, agile product iterations, and performance metrics that guide
product enhancements and marketing tactics.
By embedding scalability and profitability into the product lifecycle, the strategy aims for a gig assistance product to
achieve significant market penetration and profitability by 2026, setting the foundation for global expansion and long-
term revenue growth. This approach illustrates how effective product management can drive strategic alignment between
development, marketing, and sales functions to maximize user acquisition and retention

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Copyright (c) 2020 North American Journal of Engineering Research

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