{"id":1615,"date":"2019-07-10T10:10:23","date_gmt":"2019-07-10T14:10:23","guid":{"rendered":"http:\/\/blog3.canny.io\/wordpress\/?p=1615"},"modified":"2026-03-10T21:05:07","modified_gmt":"2026-03-11T01:05:07","slug":"product-management-success","status":"publish","type":"post","link":"https:\/\/canny.io\/blog\/product-management-success\/","title":{"rendered":"5 reasons why customer feedback is vital for product management&nbsp;success"},"content":{"rendered":"<p>62% of product managers say that their <a href=\"https:\/\/www.mindtheproduct.com\/sunday-rewind-the-biggest-challenge-for-product-managers\/\" target=\"_blank\" rel=\"noopener noreferrer\">biggest challenge is to validate whether the market needs what they\u2019re building<\/a>. External feedback is crucial for product management&nbsp;success.<\/p>\n<p>That\u2019s why it\u2019s so important to continuously seek feedback from customers to know what they\u2019re thinking and feeling about your&nbsp;offering.<\/p>\n<p>More importantly, feedback is not just about listening to customers, it\u2019s about taking action on&nbsp;it.<\/p>\n<p>The purpose of this article is to start a discussion with product managers on <a href=\"https:\/\/canny.io\/blog\/feedback-programs\/\">why customer feedback is vital for their&nbsp;success.<\/a><\/p>\n<p>You\u2019ll learn the tricks of the trade, and remind yourself about the purpose behind your&nbsp;job.<\/p>\n<h2>Reason 1: you\u2019re building a product for customers<\/h2>\n<p>The number one reason why you should seek customer feedback is because you\u2019re building a product for&nbsp;them.<\/p>\n<p>Customers are your end users, and they\u2019re the ones who pay for your product. Your job depends on how much they love&nbsp;it.<\/p>\n<a href=\"https:\/\/pixabay.com\/photos\/business-man-laptop-work-outdoor-2452808\/\"><img decoding=\"async\" class=\"aligncenter size-large wp-image-1616 lazyload\" data-src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/07\/image3-1024x682.jpg\" alt=\"\" width=\"1024\" height=\"682\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/682;\" \/><\/a>\n<p>Quite simply, your job as a product manager is to build something people love. Feedback is the road that leads to&nbsp;that.<\/p>\n<p>As a product manager, your job is to put yourself in the customer\u2019s shoes, empathize as profoundly as possible, and then get to&nbsp;work.<\/p>\n<p>Customer feedback is the fuel that will help you connect the dots between design, technology and business to create amazing&nbsp;products.<\/p>\n<p>Once you understand your customers, you\u2019ll be far more effective in communicating their needs to your engineering, design and business&nbsp;teams.<\/p>\n<h2>Reason 2: make continuous improvements to your product<\/h2>\n<p>You can only make improvements to your product if you know what could be improved. In the competitive environment we\u2019re living in, you want to make sure you don\u2019t lag&nbsp;behind.<\/p>\n<p>It\u2019s important for product folks to always remember that they\u2019re building a product for real customers, not themselves. So making informed product decisions on feedback is the&nbsp;way.<\/p>\n<p>As Elon Musk&nbsp;says:<\/p>\n<p><em>\u201cConstantly seek criticism. A well thought out critique of whatever you\u2019re doing is as valuable as&nbsp;gold.\u201d<\/em><\/p>\n<p>That\u2019s why <a href=\"https:\/\/www.elevationb2b.com\/blog\/guide-to-improve-customer-experience\">customer feedback is so critically important<\/a> for both incremental improvements to your product, as well as product&nbsp;pivots.<\/p>\n<p>The former is when you\u2019re only making \u2018tweaks\u2019 to your product or modifying features, while the latter is making drastic changes to the overall strategy or direction of your&nbsp;product.<\/p>\n<p>As a product manager, it\u2019s important you stay \u2018agile\u2019, by always staying updated on what you\u2019re customers are thinking and feeling about your&nbsp;product.<\/p>\n<p>That\u2019s why customer feedback is the silver bullet for your agility as a product&nbsp;manager.<\/p>\n<h2>Reason 3: for prioritizing product features<\/h2>\n<p>Once you\u2019ve collected all the feedback you can get, you\u2019ll have a ton of product feature ideas that will emerge from it. You may not be able to implement all of them due to resource constraints, or time&nbsp;limitations.<\/p>\n<p>This makes prioritization another key aspect of your&nbsp;job.<\/p>\n<p>You can use a decision making framework to <a href=\"https:\/\/canny.io\/blog\/roadmap-prioritization-guide\/\">prioritize product features<\/a>, based on the feedback you&nbsp;receive.<\/p>\n<p>You&nbsp;could:<\/p>\n<ul>\n<li>Give customer feedback a ranking to know which product feature is most in&nbsp;demand<\/li>\n<li>Make a business case out of the customer feedback to know which one is the easiest to&nbsp;monetize<\/li>\n<li>Analyze your competitors to know which product features they\u2019ve already implemented that are working&nbsp;well<\/li>\n<li>Make an intuitive decision on which product feature would work&nbsp;best.<\/li>\n<\/ul>\n<p>You could always test your assumptions by building a minimum viable product from the feedback you&nbsp;get.<\/p>\n<p>You have to find a win-win scenario, so that the product features you decide to build are of value to both your organization as well as your&nbsp;customers.<\/p>\n<h2>Reason 4: measure customer satisfaction<\/h2>\n<p>Customer feedback can be qualitative and&nbsp;quantitative.<\/p>\n<p>Qualitative feedback is when you\u2019re seeking verbal or written feedback based on the conversations you have with your&nbsp;customers.<\/p>\n<p>Quantitative feedback is when you allocate a value or metric to customer&nbsp;feedback.<\/p>\n<a href=\"https:\/\/pixabay.com\/illustrations\/feedback-satisfaction-employee-3240007\/\"><img decoding=\"async\" class=\"aligncenter size-large wp-image-1617 lazyload\" data-src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/07\/image1-1024x449.jpg\" alt=\"\" width=\"1024\" height=\"449\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/449;\" \/><\/a>\n<p>Quantitative feedback could be to measure the level of satisfaction your customers are experiencing. One such score is the \u2018<a href=\"https:\/\/canny.io\/blog\/what-is-nps\/\">net promoter score<\/a>\u2019 which reveals how likely your customers are to recommend your product to another&nbsp;person.<\/p>\n<p>Another way is to ask for a customer satisfaction rating after your customers transact with&nbsp;you.<\/p>\n<p>Having a numerical value makes it easy for you to analyze feedback. You can put all the values in an excel doc, or produce graphs to extract key insights from customer&nbsp;feedback.<\/p>\n<p>For instance, you could do a graph based on customer demographics, the dollar value they\u2019ve spent on your products, or the score they\u2019ve given to your standard of customer&nbsp;service.<\/p>\n<p>Having a graph will help you understand feedback over a period of time, so you start to see&nbsp;patterns.<\/p>\n<h2>Reason 5: enable both your customers &amp; yourself to make informed decisions<\/h2>\n<p>You can collect customer feedback publicly, or with&nbsp;confidentiality.<\/p>\n<p>If you\u2019re transparent about the feedback you collect, you\u2019re not only keeping yourself accountable for the standard of products and services you\u2019re providing, you\u2019re also helping customers make an informed&nbsp;decision.<\/p>\n<p>That\u2019s why many businesses allow their customers to give written feedback publicly on their social media profiles, so it builds trust with future&nbsp;customers.<\/p>\n<p>Public customer feedback acts as social proof for all future prospects, so it\u2019s important that it\u2019s genuine and&nbsp;honest.<\/p>\n<p>On the other hand, you\u2019re also empowered to make good business decisions with customer&nbsp;feedback.<\/p>\n<p>Seeking <a href=\"https:\/\/canny.io\/blog\/ask-for-feedback-saas\/\">quality feedback from customers<\/a> and then acting on it can probably be the most constructive use of a product managers time, since they\u2019re acting on real user&nbsp;needs.<\/p>\n<h2>How to be a successful product manager<\/h2>\n<p>Never underestimate the importance of customer feedback. Using a <a href=\"https:\/\/canny.io\/use-cases\/product-management\">product management tool<\/a> that offers feedback management (like Canny!) can really&nbsp;help.<\/p>\n<p>As a product manager, treat it as your guiding light, and you\u2019ll always be on&nbsp;track.<\/p>\n<p>It\u2019s also important that you set some timelines around when you\u2019re collecting feedback, so it happens at regular&nbsp;intervals.<\/p>\n<p><!--HubSpot Call-to-Action Code --><span id=\"hs-cta-wrapper-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-node hs-cta-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\"><!-- [if lte IE 8]>\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n<![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5705808\/e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" id=\"hs-cta-img-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-img aligncenter lazyload\" style=\"--smush-placeholder-width: 1300px; --smush-placeholder-aspect-ratio: 1300\/642;border-width: 0px;\" data-src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5705808\/e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa.png\" alt=\"Canny free trial\" width=\"1300\" height=\"642\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(5705808, 'e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa', {\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>62% of product managers say that their biggest challenge is to validate whether the market needs what they\u2019re building.<\/p>\n","protected":false},"author":9,"featured_media":1618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-1615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-management"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to be a successful product manager with customer feedback - Canny Blog<\/title>\n<meta name=\"description\" content=\"62% of product managers say that their biggest challenge is to validate market need. 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