Launching a new brand within a large company is a challenge - when that new brand disrupts the flagship brand, it’s a massive challenge. Michael took the participants on his journey of conception, to building, to the launch of RealEstate.com – a brand that competes with its parent company, Zillow.com.
He talked about starting from zero and convincing executives and other product teams that creating a disruptive new brand was (and is) a good idea. The audience learned a little bit about how Zillow Group’s product organizations work and more specifically how a team can still function as a small startup within a 2500+ person organization.
14. Opportunity to Product
- We started with a team - Diverse Solutions IDX Sold
- 4 Developers and PM
- Experience with React, Node.js, ES and
microservices
- “What do you want to do next?”
15. Opportunity to Product
- We started with a team
- Problems to solve
- Hackweeks 3-4 times a year
- User research teams
- Consumer or B2B?
- Personas (Beth, Susan, Harriott)
- Large TAM
- Investors
- Relocators / Hyper-local
- First-time Homebuyer
- 42% of the market
17. Opportunity to Product
- We started with a team
- Problems to solve
- Design sprint
- First time homebuyers do not understand
all of the costs of purchasing a home
- Interaction with calculators
- No brand loyalty
- Many shoppers find real estate sites
through search instead of direct to site
18. Opportunity to Product
- We started with a team
- Problems to solve
- Design sprint
- Get buy in
- Be honest about cannibalization
- Make realistic projections
- Identify resource opportunities
- Become an evangelist
- Share your work early and often
- Public thanks and appreciation
- More money than time (startup inverse)
19. Opportunity to Product
- We started with a team
- Problems to solve
- Design sprint
- Get buy in
- Build it
- Leverage your resources
- 6 TB of data in different schemas
- Listings, parcel, schools, local, GIS
- Always ask: What would you have done
differently
- It is not a product until somebody buys it
- Test your assumptions
- Don’t just A/B test
- Surveys, User research, instrumentation
- Empathize with your users
20. Opportunity to Product
- We started with a team
- Problems to solve
- Design sprint
- Get buy in
- Build it
- Other things
- MVP
- Just because you’re in a large org doesn’t
mean you can’t do an MVP
- Bootstrapping
- Use your resources, do things cheaply and
stay small. Your influence and success
should not be tied to the size of your team.
- Make friends with legal
- Empathize with your users
22. Part-time Product Management Courses in
Silicon Valley, New York, Los Angeles, and
Orange County
www.productschool.com
Editor's Notes
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In our PM Course, we teach how to build products and how to get a job as a software product manager
All our classes are 2 months, part time, and compatible with full time jobs. We have two options, Tues/Thurs in the evening and Saturdays in the morning
Instructors- are senior level product managers from companies like Google, FB, Uber, etc
In addition to our PM class, we offer our Coding for Managers class
Also two months and part time tailored for professionals who don’t come from a traditional engineering background
The goal of this course is not to make you a software engineer, but to give you enough technical background to build a fully functional website and pass the technical interview
Similar to our coding course, we also offer our Data Analytics for Managers
Tailored for people who don’t have a technical background but to give them enough knowledge of analytics to become product managers
Also two months, compatible with full time jobs
The goal of the course is not to make you a data scientist, but to make you technical enough to understand web analytics, learn SQL, and machine learning concepts
We are also live streaming our event to our online audience
If you want to share, please tweet @productschool and #prodmgmt for a free ticket to our next event