Pavlo’s approach
I would clarify what are the short and long terms goals for the product. Assuming, we need to increase LTV.
The RICE scoring can be applied to support the analysis: Shared Listening Sessions with Friends:
- Reach: medium
- Impact: medium (can lift up engagement and support social factor)
- Confidence: 60% (not sure how many users will adopt the feature) Enhanced Audio Quality:
- Reach: high
- Impact: low (most of the users listen to music in a noisy environment or through medium quality sound devices)
- Confidence: 90% Personalized Workout Mixes:
- Reach: medium
- Impact: high (users who listen to music during workouts are looking for workout mixes often based on the search quires, personalized feature should lead to their satisfaction)
- Confidence: 70%
Rationale:
- Personalized mixes feature aligns good with the individual plan, emphasizing the personal tuning for users needs.
- Social listening would be better as a free feature to attract new users and increase their engagement.
- Improved audio quality is good as a competitive advantage or a supplementary feature for paid users.
Recommendation: Personalized mixes should increase engagement and support individual paid plan for many users which align with the overall goal to increase LTV.