How to Become a Product Manager: Advanced Concepts and Networking for Career Growth

The Final Mile: Advanced Concepts and Networking for Product Managers

Welcome back to the final chapter of our series, “Mastering the Path to Becoming a Product Manager.” In this series, we’ve journeyed together through the essential steps to start your career, honed technical skills, and learned how to ace PM interviews. Now, in this last part, we dive deeper into advanced product management strategies, the importance of networking, and the mindset of continuous learning.

Advanced Concepts in Product Management

To rise above the competition, mastering advanced concepts is essential. Here’s how you can elevate your product management expertise:

1. AARRR Metrics (Pirate Metrics):

• Acquisition: How users find your product. Example: Number of app downloads.
• Activation: Users’ first successful interaction. Example: Users completing profile setup.
• Retention: How often users return. Example: Daily active users (DAUs).
• Revenue: Monetization of the product. Example: Monthly recurring revenue (MRR).
• Referral: How users spread the word. Example: Number of referrals made by users.