Closed

s building a USP for your product by ideating new features for user acquisition/engagement as well as growth in revenue

You are the Product Manager for MyMelody a leading music streaming company that is similar to

spotify/[login to view URL] in terms of set of features and offerings.

MyMelody offers a free and paid offering. Current set of features being:

• Discover new music

• Personalization and recommendation of songs

• Selectively store offline music

• Stream music on web and mobile platforms

YOUR SUBMISSION: You must work towards building a USP for your product by ideating new features

for user acquisition/engagement as well as growth in revenue.

PART 1: New Features

List out improvements in existing features or suggest new features that can be added. Provide a name

and a 2-sentence description for each feature.

Select the highest value feature that you can identify that would help achieve any one of the following

goals:

• User Acquisition

• User Engagement/Retention

Describe your chosen feature and its value proposition both to the user and to the site. Please ensure

that you:

• Provide UI mocks/flow charts and explain the feature in detail

• Identify the goal that you are trying to achieve.

• Describe how this feature facilitates this goal

• Identify the metrics that would help you measure whether the feature is achieving its goal or

not

• Identify the metrics that may be negatively impacted and explain how you would monitor them.

Expected Response

A maximum of 2 pages of text or 10 slides in addition to mockups

• Originality of ideas: Refrain from simply copying ideas from competitors. You will be rewarded

for originality.

Structure and clarity of thought in communicating feature Description, their need & metrics for

evaluation.

• Feature Mockups: Create wireframes/high fidelity mocks to explain user flows – you may use a

prototyping tool such as Balsamiq and export to static images. (Free trials at

[login to view URL]).

PART 2: New Revenue Stream

You have been tasked with creating an additional new revenue stream for MyMelody

1. Propose one additional monetization mechanism. Describe your proposed scheme. Make sure

to include details of the new product features that would have to be built, effort/cost required,

and the partnerships you would look at if any of these are relevant to your proposal.

2. Build and present a 3-year revenue estimation model for the feature. Make sure you provide all

calculations in as much detail as possible. (state underlying assumptions clearly with sources)

Expected Response:

A maximum of 1 page of text or 5 slides in addition to a single calculation sheet for the revenueestimation model

• Monetization Mechanism Description

• Revenue & Profit Projections over 3 years

Skills: Product Management, Wireframes, Prototyping

See more: benefits of unique selling point, unique selling proposition examples ppt, "what is your usp", unique selling proposition definition, unique selling point examples, personal unique selling proposition examples, usp analysis, how to write a unique selling proposition, link building health product, new features for existing web site, rebuilding existing website(on php) and adding new features & design, rebuilding existing websiteon php and adding new features design, the southwark green building is a proposed new building not far from the shard in london, update everything and create new features, we are looking for experienced developer to develop android application with below features user login by email fb twitter gtalk, we are looking for experienced developer to develop android application with below features: user login (by email fb twitter gta, videarn is now pornxs we ve relaunched the site with a new design and many new features, building prototype product, felt product of new design 2016, java 1.5 new features

About the Employer:
( 1 review ) Hyderabad, India

Project ID: #21710169