The Important Product Manager Skill That You’re Missing

The Important Product Manager Skill That You’re Missing

In the world of product management, where technical acumen, strategic vision, and people skills intersect, there’s an often underutilized asset that many PMs overlook: the power of networking. While many senior product managers are familiar with the fundamentals of their role, it’s the ability to cultivate relationships that can set them apart. In this article, we’ll delve deep into the importance of networking for product managers, drawing upon years of experience and insights from industry leaders. Plus, don’t forget to download the free guide, 10 Tips for Being a Better Product Manager, at the end of this post!

Why Networking Matters

The product management landscape is saturated. Innovations arise daily, and staying ahead isn’t just about skill—it’s about insights. Networking offers an inside track to emerging trends and unseen opportunities. When you’re connected, you have a broader spectrum of information to draw from, allowing you to anticipate market shifts, user needs, and potential threats.

In an ever-evolving tech landscape, keeping your skills sharp is crucial. But knowledge alone isn’t enough. The connections you make — with peers, mentors, and even competitors — can provide insider perspectives, early access to industry shifts, and opportunities you might have missed.

Expanding Your Problem-Solving Toolkit

Every product manager hits roadblocks. Sometimes, these challenges are unique to your product, but often they’re universal. Having a network means you have a reservoir of collective experience to tap into. Every connection you make is a potential solution to a problem you haven’t encountered yet. By networking, you’ll get:

Crowdsourced Solutions: Instead of spending hours researching, a well-placed question within your network can offer immediate answers.

Diverse Expertise: A network is not just product managers. It includes tech enthusiasts, market researchers, and even end-users. Each provides a different lens to view a challenge.

Building Trust in the Industry

The world of product is built on trust. It’s trust in a product’s capability, trust in a team’s competence, and trust in a brand’s promise. People trust those they know. When your network knows your strengths, capabilities, and integrity, they’re more likely to recommend you, vouch for your products, or introduce you to opportunities.

The Referral Advantage: A strong network amplifies your reputation. When people within the industry vouch for you, it accelerates trust-building with stakeholders and potential partners. Trust leads to more open doors, smoother collaborations, and faster buy-ins. Being top-of-mind through active networking often leads to referrals, be it for job positions, partnerships, or client projects.

Access to Opportunities

The most coveted opportunities are often hidden. They are filled through recommendations, passed among trusted contacts, or saved for those known to be a perfect fit. Having a strong network means:

  • Learning about job openings before they’re advertised.
  • Getting a foot in the door through recommendations.
  • Discovering freelance or consultation gigs.

If you’re looking for a new role, I encourage you to consider my PM Job Search Accelerator. I’ll teach you, through 1:1 coaching settings and training videos, not just how to build and leverage your network but how to get hired.

Lifelong Learning

The tech landscape evolves at a dizzying pace. What’s relevant today might be obsolete tomorrow. But learning isn’t just about trends; it’s about understanding diverse user experiences, corporate cultures, and success stories.

In product management, the learning never stops. Networking ensures you’re always in the loop. A connection might introduce you to a groundbreaking book, an insightful workshop, or even a cautionary tale that you can learn from.

Personal Growth

Beyond the professional sphere, networking enriches you as an individual. It broadens your horizons, challenges your preconceived notions, and fosters personal development. Networking isn’t just about the job. It’s about personal growth. Meeting diverse individuals:

  • Offers fresh perspectives.
  • Challenges your beliefs.
  • Encourages adaptability and empathy.

Engaging with a diverse group helps you understand different viewpoints. This empathy not only makes you a better product manager but also a more well-rounded individual.

The Art of Advocacy

Your product is your passion. But passion needs a voice. Networking gives you a platform to advocate for your product, gather feedback, and iterate.

When more people in the industry know about what you’re building and its value proposition, it’s easier to:

  • Garner support.
  • Rally partnerships.
  • Drive brand awareness.

Each person you connect with becomes a potential ambassador for your product. They can spread the word, offer testimonials, or even become users. This organic reach is invaluable.

Making Networking a Habit: Tips to Get Started

Now that we’ve outlined the benefits, how can product managers effectively network?

  1. Attend Industry Events: Conferences, webinars, and meetups offer an ideal platform. Remember, it’s not about the quantity of connections but the quality.
  2. Engage on Social Platforms: Platforms like LinkedIn can be powerful tools. Engage in discussions, share insights, and connect with peers.
  3. Join Product Management Groups: There are numerous online and offline communities. Find one that aligns with your interests. Check out my blog post about my favorite PM groups.
  4. Seek Mentorship: Even senior PMs can benefit from mentorship. It’s a two-way street; you learn from them and offer fresh perspectives in return.
  5. Stay Genuine: Networking isn’t about taking. It’s about mutual growth. Be genuine in your interactions.

Ready to Boost Your Product Management Skills Further?

While networking is an invaluable tool, it’s just one part of the product management jigsaw puzzle. To help you master the myriad aspects of this dynamic role, grab my free guide, 10 Tips for Being a Better Product Manager.

Invest in yourself. Build relationships. Shape the future of product management. The world awaits your next innovation.

Did You Find This Insightful?

Share this post with your network and help others understand the power of connections in product management! Don’t forget to download the free guide to further elevate your PM game.

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