Ultimate guide to SaaS Product Management

The ultimate guide to SaaS Product Management. A one-stop resource for marketers, designers, engineers, executives and entrepreneurs who are responsible for building SaaS products or thinking about doing so. It provides a thorough process of developing successful B2B software platforms that achieves the goal’s strategic objectives through the creation of differentiation in technology, experience and business model.

SaaS product managers come from a variety of backgrounds, the most common being the SaaS industry itself. SaaS companies may be more inclined to promote from within versus hiring outside of the company. This is because SaaS product managers often have intimate knowledge of how SaaS products work and can more easily bring new members of their team up to speed on SaaS best practices and policies. The other type of SaaS product manager comes from a technical or business background where they were involved in SaaS either on a customer-side or vendor-side.

SaaS product development strategy is broken down into the following categories:

• The Fundamentals of SaaS Product Management 
• How to Build a Successful Growth Strategy 
•  Building a Minimum Viable Platform 
•  Pricing and Packaging Your Way to Success 
•  Developing Value Propositions for Each Customer Segment 
•  Marketing your SaaS products – The 5 Basic Steps That Every Marketer Must Follow 
•  Tips on Hiring a Top Rated Team of Engineers, Designers and Writers etc. 

In a world that’s becoming increasingly open to new technology and delivery models, the SaaS model has been gaining traction for some time now.  In my experience working with different  clients in their journey from traditional software development, to web-based products, I’ve had the opportunity to lead many high level Product Management activities for global companies in my role as a product lead.   

This article presents a description of the main challenges faced by Product Managers when switching from traditional software development processes to an online model, along with common strategies that can be used when setting up a SaaS organization.

SaaS product features are :

– The Saas business model and  marketing strategy 

 SaaS product roadmap template 

– The Saas features comparison chart and eCommerce website design development steps  are examples of things you might want to include in an article on topics around this keyword. You can also add some links where appropriate or helpful. Linking back to your own site is encouraged, so go ahead. And plug it in there if you have something new you want people to see! If you are linking back to a competitor’s site, try not to be disparaging. It’s just tacky.

The most frequent question I get asked is “What is the difference between SaaS product management. And general  software product management?”

The key difference between SaaS and traditional software development is that in SaaS, you’re not developing software for a single customer, but rather, you need to manage an ongoing business relationship with customers. You could say SaaS managing is the art of keeping customers happy while maximizing revenues and minimizing churn rates. 

SaaS business analyst 

SaaS business analysts are industry professionals who help SaaS companies meet the challenges of today’s competitive marketplace by resolving problems & researching market trends. Some SaaS business analysts hold bachelor degrees in SaaS development or related fields; however, many develop their job skills through on-the-job training. Although it isn’t required, many employers prefer candidates that have earned professional certification (i.e., PMP).

SaaS Product conditions: 

– The product should be available 24/7        (either via web or mobile devices). This implies that SaaS product managers need to own much more processes than their counterparts working on traditional desktop software.The problem becomes that when there’s a disruption in these services. It tends to be more visible because SaaS products are much closer to customers.    Another problem is that SaaS products are usually priced monthly,in contrast with traditional software which may be licensed for years at a time.    This causes SaaS product managers to manage short term revenue goals rather than long term ones. 

–    SaaS product managers need to have more of an engineering mindset when it comes to the products they’re building in order to take advantage of all the additional functionality modern SaaS platforms offer.Aside from SaaS benefits mentioned above, SaaS’ provide frequent updates through automated deployments that keep products current and customers engaged .

SaaS Product Manager jobs description:

– Sell their own companies’ products    (most SaaS PM’s are technical).  Although this could be seen as a drawback, it often leads to a much better product.

– They don’t need to work with anyone else in the company when releasing new SaaS features.    This can also be seen as a negative because SaaS companies are usually highly collaborative environments. And SaaS PM’s will miss out on that side of the process.

SaaS Product Manager salary:

According to Glassdoor: The average salary for a SaaS product manager is $123,973 per year in the United States, or $60 per hour if salaried (which is about right).  The SaaS product managers reported here earned between $76,000 and $180,000 per year (median:111,000). Since SaaS product managers are often eligible for bonuses. Many SaaS PM’s can earn considerably more depending on their company performance.

SaaS Product Manager SaaS companies:

Some of the SaaS product manager jobs listed here include SaaS companies like Hubspot, Salesforce, New Relic etc.  Many SaaS product manager job listings also include sales roles in their requirements due to large overlap between these two roles because SaaS sales teams need a good understanding of the SaaS platform and how it benefits customers.  This is why SaaS sales and SaaS product management tend to be competitive roles among hiring managers.

SaaS Product Manager:

solution that provides software as a service (SaaS) business leaders with growth-hacking strategies, tactics. And tools for optimizing budgets, timelines and goals. The most common responsibilities included: – Work closely with customers to understand their needs.

SaaS product owner 

this SaaS pm role will also be non-technical but has the unique responsibility of making sure that engineering’s work is aligned with business strategy. It’s a SaaS product manager / SaaS product owner job to make sure that what SaaS engineering delivers makes sense for your customers, users and business overall.

We hope you found this article useful and we wish you the best of luck in your search.  Feel free to browse our catalog of SaaS resumes. And contact us if you have any inquiries about updating your resume or finding new opportunities.