Product Monetization Specialist

6 hours ago

india New Age Full time

About New Age : We're a remote global team, comprising developers, designers, testers, marketers, managers, and administrators from 10+ countries, fostering freedom and professional growth for our members. We really appreciate the growth mindset individual. Our multicultural and international team brings a wealth of unique perspectives, experiences and skills to the table.


What makes us different?

  • At New Age, we are not just a company; we are a diverse and dynamic group of individuals hailing from India, the Philippines, Egypt, Armenia, South Africa, Portugal, Vietnam and North Macedonia.
  • We offer competitive Pay & Benefits to our team members.
  • We believe in long term partnership with your team members. Tenure for our team members is on average of 2 years.
  • We have access to create impact on Millions of users every year.


About the role : As a Product Monetization Specialist, you will play a crucial role in shaping the revenue strategy for our products. The main focus of the role will be on strategies and tactics to maximize revenue from product. This role involves analyzing various revenue streams, optimizing pricing models, and implementing 

monetization strategies to enhance profitability.


If you're passionate about driving revenue growth through innovative strategies and enjoy creating impactful monetization models, we would love to hear from you


Desirable Skills :

  • Minimum of 2 years of experience in product monetization, pricing strategies, or revenue optimization, ideally within the tech or digital products industry.
  • Strong knowledge of various monetization models, such as subscription services, in-app purchases, freemium models, and ad-based revenue streams.
  • Experience collaborating with cross-functional teams (product, marketing, finance) to ensure monetization strategies align with overall business goals.


Key Responsibilities :

1.Revenue Strategy Development:

  • Develop Strategies: Create and implement monetization strategies to maximize revenue from products or services.
  • Market Analysis: Conduct market research to understand pricing models, revenue opportunities, and competitive positioning.


2.Pricing Optimization:

  • Analyze Pricing Models:Evaluate current pricing strategies and suggest adjustments based on market trends, customer feedback, and competitive analysis.
  • Implement Pricing Changes:Test and adjust pricing structures, including tiered pricing, freemium models, or subscription-based models, to optimize revenue.


3.Revenue Forecasting and Analysis:

  • Forecast Revenue: Develop revenue forecasts based on market trends, sales data, and economic factors.
  • Monitor Performance:Track revenue performance, analyze key metrics, and identify areas for improvement.


4.Product Positioning and Packaging:

  • Create Packages:Design product bundles and packages to enhance perceived value and increase sales.
  • Position Products:Develop positioning strategies that highlight the product’s value proposition and differentiate it from competitors.

5.Customer Segmentation:

  • Segment Market:Identify and analyze customer segments to tailor monetization strategies and pricing models.
  • Targeting:Implement strategies to target high value customer segments effectively.


6.Collaboration:

  • Work with Teams:Collaborate with marketing, sales, and product development teams to align monetization strategies with overall business goals.
  • Communicate Insights:Share findings and recommendations with stakeholders to drive decision making.


7.Data Analysis:

  • Analyze Data:Use data analytics tools to assess revenue performance, customer behaviour and market trends.
  • Generate Reports:Create reports and presentations to communicate insights and track the effectiveness of monetization strategies.


8.A/B Testing:

  • Conduct Tests:Implement A/B tests for pricing models, promotions, and product features to determine what drives the highest revenue.
  • Evaluate Results: Analyze test results and adjust strategies based on data-driven insights.

9.Customer Feedback:

  • Gather Feedback:Collect and analyze customer feedback to understand their willingness to pay, pricing sensitivity, and overall satisfaction.
  • Incorporate Insights:Use feedback to refine pricing strategies and enhance the product’s value proposition.


10.Compliance and Best Practices:

  • Ensure Compliance:Make sure that monetization strategies comply with legal regulations and industry best practices.
  • Stay Updated:Keep abreast of industry trends and emerging monetization practices.


Soft Skills :

  • Business Acumen
  • Communication Skills
  • Analytical Skills
  • Strategic Thinking
  • Project Management
  • Team Collaboration
  • Customer Focus


Tools/ Technologies :

  • Agile Tools: Jira, Trello, Monday.com , Miro
  • Analytics: MS Excel
  • Collaboration Tools: Slack, Microsoft Teams


Growth map : Potential to advance to senior roles in product management, revenue strategy, or business development.


Qualifications :Bachelor’s degree in Business, Finance, Marketing, or a related field. An MBA or relevant advanced degree can be advantageous.


Perks & Benefits :


Vacation Leave : One-week paid vacation per annum for team members who complete one year with New Age.

Health Insurance : Medical cover provided for full-time members after two successful years of employment.

Performance-Based Rate Increase : Rate reviews and potential increase every 6 months based on individual performance.

**Please note, these benefits may vary depending on the type of employment contract.


Work Timing Requirement :

  • Available for communication 10AM-8PM IST (These times are flexible depending on delivery of the tasks)
  • Availability for meetings 11AM to 12PM IST
  • Availability for meetings in this time 3PM to 6PM IST
  • Available for minimum 8 hours in a day
  • Availability for at least 1 weekly session (@ 1 PM IST every FRIDAY) 

**This is not applicable for C3 contracts.


 

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