Episode 741 | What Actually is Product Led Growth? (with Wes Bush)

65 snips

Nov 26, 2024

Wes Bush, CEO and Founder of ProductLed and a well-known author on product-led growth, shares his insights on this strategic approach. He clarifies misconceptions around product-led growth, emphasizing the importance of delivering value to users from the start. Wes contrasts product-led and traditional sales-led methods, illustrating his points with case studies. He also discusses effective marketing strategies and the nuances of pricing models, all while debunking the myth that a good product sells itself.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

PLG Definition

Product-led growth (PLG) uses your product for customer acquisition, engagement, and monetization.
It's a multi-dimensional approach impacting the entire business, not just a free trial.

ANECDOTE

Real-World PLG

Cologne and perfume are real-world examples of PLG.
Customers can try the product (e.g., with scent samples) before purchasing.

INSIGHT

Free Trial and PLG

A free trial is considered PLG if users achieve real value within the trial period.
True PLG prioritizes value delivery before monetization.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

In episode 741, Rob Walling talks to Wes Bush, CEO and Founder of ProductLed, about the nuances and misconceptions of product-led growth. Wes debunks common myths and explains how companies can leverage their product to drive user acquisition, engagement, and growth. They dive into a real-world example and explore how founders can avoid the trap of thinking the product will “sell itself” while contrasting PLG and sales-led strategies.

Episode Sponsor:

Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.

For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too.

Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”

Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.

To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.

Topics we cover:

(2:01) – Defining product-led growth
(6:07) – Are users able to get value for free?
(11:38) – Hybrid: both product-led and sales-led
(14:52) – Determining the main outcome of your free model
(19:23) – Misuse of the PLG terminology
(22:00) – The benefits of PLG over sales-led growth
(24:08) – Workshopping SavvyCal’s product-led strategy

Links from the Show:

If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you!

Subscribe & Review: iTunes | Spotify