The Savio Method: How to Prioritize Feature Requests and Build a Product Your Customers Actually Want
Have a massive list of feature requests from your customers? Prioritize the most important features using this system. Photo by RonaldCandonga from Pixabay
The cornerstone of successful product development lies in feature prioritization—the strategic process of determining which features to focus on first. Effective feature prioritization ensures that your product aligns with customer needs and business goals, optimizing resource allocation and maximizing impact.
Imagine you're juggling multiple feature requests from various stakeholders, each vying for immediate attention. Without a structured approach to prioritize these requests, you risk spreading your resources too thin and losing sight of your strategic objectives.
You’ve already built a solid system for tracking customer feedback and feature requests. And it’s working.
It’s working so well that you now have a list of 400 features that your customers want you to build.
Which ones do you pick?
Your decision matters. Do it right and you’ll delight your customers, improve retention, and boost conversions. Do it wrong and you’ll waste money and your development team’s time building a product that doesn’t have a market.
In fact, the number one reason that startups fail is that they build a product that no one wants. And product/market fit is just as essential for established companies as it is for startups.
This guide provides a comprehensive roadmap to navigate the complexities of feature prioritization, equipping you with the tools and methodologies to make informed decisions.
Note: Savio helps you centralize, organize, and prioritize product feedback from your GTM team, by integrating with Slack, HubSpot, Intercom, Zendesk, SFDC, Help Scout, and more. Learn more about Savio here.
Prioritizing the right features is critical, but it’s also difficult to do.
In hundreds of conversations with product leaders, we consistently hear that this is where much of the art and the science of building a great product lies: in figuring out what to build—and what to build next.
Adding to the confusion are the many, many “methods” for prioritization out there, including the RICE method, the Kano method, and many others. But somehow very few—if any—of these methods actually tie your prioritization directly to what your customers have told you they want.
So we’re here to fill that gap.
In this article, you’re going to learn how we prioritize feature requests at Savio using the qualitative customer feedback and feature requests you collect.
(My business partner Ryan and I developed this method using our 20+ years, each, experience leading product at companies like ESPN and Microsoft)
First, we’ll go through the prerequisites—what you need to have in place if you’re going to create a robust prioritization system. Then, we’ll outline a five-step process that represents our own tried-and-true method for prioritizing feature requests, including the most useful prioritization factors to use.
The prerequisites—get yourself set up with a solid customer feedback tracking system
Before you can prioritize your customer feature requests, you need to actually collect them. A robust and useful feedback management system should do the following.
Collect all relevant feedback
Making the right product decisions means collecting all the relevant data.
That means collecting not just the feedback that goes directly to your product manager from a survey, but collecting it from each of your customer-facing teams.
A solid system will pipe in data and feature requests from sales, support, customer success, and any other teams that talk directly to your customers.
Synthesize customer feedback into a single, centralized database
Your feedback and feature requests are your data. To analyze those data, you need to put them together in a single place.
That means taking them from the multiple sources you receive them in—Intercom, Slack, Help Scout, your churn reasons, NPS results, email, and so on—and bring them together.
Segment the requests by relevant customer attributes
To draw useful insights, your system needs to be able to segment your feature requests based on relevant customer attributes. This lets you know who wants what.
That means you need to be able to collect or add key meta-data that matters to your business.
Relevant attributes could include stages in the customer life cycle (prospect, free trial, full customer, churned), customer plan (free, small business, enterprise), the value of the client’s monthly recurring revenue (MRR), and so on.
Build in feedback from your internal stakeholders
It takes a village to raise a product.
Meeting regularly with internal stakeholders to check your data and get on the same page with product decisions is essential.
Building a robust system to collect feature requests doesn’t have to be difficult. Learn more about how to track customer feedback effectively.
How to prioritize feature requests using customer feedback
Prioritize feature requests so you know what to build first. Photo by meneya from Pixabay.
So you’ve met the prerequisites and you’ve got all your data… now comes the hard part: using it to determine what to build.
There are lots of ways to do this, but here’s the process that we like best:
- Step 1: Get clear on your business goals
- Step 2: Filter the feature requests based on what your most important customers want
- Step 3: Prioritize further by other attributes that matter
- Step 4: Determine your development budget
- Step 5: Choose the features and confirm with other stakeholders
Step 1: Get clear on your business goals
You build software to accomplish your business goals. It's hard to know what to build if you don't know what you're trying to accomplish. Defining and focusing your goal is the first step.
Possible business goals could be:
- Increase traffic to your website and exposure to your digital presence
- Increase free trial sign-ups
- Increase conversions to paying plans
- Increase subscriptions to the enterprise plan
- Increase retention and reduce churn
Now, obviously most businesses will want to accomplish all of these—and more. But for the sake of focus, you’ll want to choose a single one. In many cases, your executive team should have already done this and specified clear objectives that will drive your decisions.
Figuring out what your most important goal is will help you decide which feedback you should be listening to the most and ultimately what features you should build.
Step 2: Filter the feature requests based on what your most important customers want
Now you want to figure out how to cut through your massive list of possible features and come up with a “short list”.
There are many different ways to rank a stack of features to determine priority. But a critical piece of that process is determining what features your most important customers want.
Who are your most important customers?
That depends on the business goals you’ve specified. If you’re trying to get reduce churn, you probably want to prioritize feedback from churned customers and your at-risk accounts. If you’re trying to boost sales, it makes sense to prioritize feedback from prospects.
There are a ton of different dimensions you could use to prioritize features based on which customer asked for it. Here are some of them.
Note: *Savio lets you identify important feature requests for specific customer segments. *See how here.
Segment by customer value
Here, you would rank requests from your most valuable customers the highest. You would do this by prioritizing and scoring your feedback based on some sort of value metric.
Examples could include:
- MRR
- Product plan level
- Some other kind of value. Perhaps they’re a key partner or fit your ideal customer profile (ICP).
Segmenting this way is a great option if you want to increase retention of your most valuable customers.
One way to filter your feature requests is by total customer revenue. Savio makes filtering by customer revenue simple.
Segment by life cycle stage
Here, you’re ranking or scoring your requests based on what stage of the lifecycle your customers are in.
You would do this by prioritizing feedback from customers at a particular life cycle stage: free trial users, paying customers, churned customers, and so on.
This is a great option if, for instance, you’re looking to improve the experience of existing customers to reduce churn.
_Segmenting feature requests by customer life cycle can also be valuable. Savio lets you find these easily. _
Segment by vertical
Here, you’re scoring requests based on the vertical of your customers.
For example, you might prioritize requests from customers in the hospitality industry more highly, or real estate agents, or you might prioritize SaaS companies.
This is a great option if you’re trying to expand into a new market or target customers that have a particular set of needs in common.
Prioritize by key accounts
Here you might identify and prioritize feedback from customers who are special to you in some way. They may be your biggest customers or they may be a customer who has been with you since your company started.
Prioritizing the requests of these key customers is particularly useful to build relationships and increase retention of these clients.
Prioritize by sheer number of requests
This is the simplest way to prioritize: simply look at the number of customers that want a feature. You could give the features that have been requested by the most customers the highest priority.
This is an easy way to prioritize, but it’s also limited. It won’t necessarily tell you what you want to know.
For example, 80% of your requests might come from your free subscribers. That’s great, but they may not want the same features that your enterprise customers want. It might be more important to you to keep your enterprise customers happy—after all, they’re paying your bills.
Segment your customers by attributes so you can know what your most important customers want.
You’ll be able to make better product decisions if you dig a bit deeper into your feature requests and look beyond simply how many customers want a particular feature.
Step 3: Prioritize further by other attributes that matter
Now you have a kind of short list of the features that your most important customers are asking for.
If you’re lucky, that first pass will give you a tidy list of features that you can give straight to your development team. But often that “short list” is still pretty long. You might need to continue to whittle it down.
Here are some further factors that you can use to prioritize your feature requests:
Recency
Things change over time—your target customers, your product, and even the market. Often recent feedback is more useful than older feedback.
Knowing that, you may choose to prioritize your most recent feedback. Or, you may choose to prioritize those requests made in the past 30 days.
_Savio makes it easy to filter feature requests by recency. _
Strategic Alignment
You’re not just building your product for today’s market, you’re building it for the future market.
Sometimes you may choose to build things that are strategic even if they’re not necessarily in alignment with your feedback.
Remember, though, that this kind of decision probably isn’t best taken lightly. If you’re choosing to build something in the absence of feedback—or that even goes against what your feedback data says—make sure that is a well-considered and intentional choice.
Bang for your buck
Finally, some features are easier to build than others. Some may be really low hanging fruit.
Your dev team can give you a high-level sense of how much time a feature will take. Use this to help you understand the “cost” of each feature. When two features are otherwise just as high priority, it probably makes sense to build the easiest ones first.
Look for—and prioritize—the quick wins: those high priority and low effort features.
_Your high priority, low effort features are good candidates for prioritization. You can find these easily in Savio. _
Step 4: Determine your development budget and choose features
If you followed the last few steps, you should have created a stack ranked list of possible features, based on what matters to your most important customers.
You’ve also thought about some other attributes that matter, like: how recent the feature requests were, whether they’re inline with your longer-term vision, and how difficult they are to build.
Now you’ve got to pair the priority of the features with the resources that you have available.
You've got a limited development budget—spend it wisely. Photo by Marvin Meyer from Unsplash
Determine your development “budget”
It can be really helpful to think about your development team resources in terms of a budget.
That’s not how we normally think about our dev resources, but that’s what it amounts to: you essentially have a limited number of development effort days. A team of 10 devs has 100 effort days in a two-week sprint. If you were to convert it to dollars, the team has a “budget” of about $1 million to $2 million per year.
Product leaders, executives, and founders all have a responsibility to “spend” that budget well.
Consider breaking up your budget into “buckets”
If you’re thinking about your resources like a budget it's easier to see how you can invest in different “buckets” or “envelopes”. Here are some we use:
- Customer requests. These are features your users are asking for.
- Strategic features. These are features you think your users will love but that they might not have asked for.
- Tech debt. These are fixes to make existing features or technical infrastructure better or more efficient.
For example, Superhuman takes an approach where they invest 50% of their resources in “vision” features (things they think their users will love but haven’t asked for) and 50% in requested features (things their users have explicitly requested).
You can choose your own strategy, just make sure it aligns with your business goals priorities.
“Spend” your budget on the best features
Here’s the part where you make a decision. And you should have everything you need:
- A sense of the features that are important to your most important customers, and, if you were to build them, would support your business strategy.
- A sense of the feature requests that are recent, in alignment with your vision, and how much each “costs” in terms of dev team time.
- And a sense of how much total time you have to “spend” on various types of features.
Now make some choices.
Fill your product roadmap with the features that score the highest in terms of the prioritization you’ve done. Try to make it roughly fit into the budget “buckets” you set.
Remember that while a good prioritization system should take into account feedback and requests from your customers, prioritization is a bit of an art. Data should inform your prioritization process, but perhaps not determine it.
Note:* Savio helps you centralize, organize, and prioritize product feedback from your GTM team, by integrating with Slack, HubSpot, Intercom, Zendesk, SFDC, Help Scout, and more. *Learn more about Savio.
Step 5: Do a sanity check with your internal stakeholders and teams
Finally, take your priority list to your stakeholders to do a last check that the features you’ve chosen to build make sense for them and that you’ve made the right calls.
This will help ensure you pick the right features, but it will also get stakeholder buy-in so people continue to be motivated to share feedback in the future. Two keys to getting stakeholders on board are:
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Using customer evidence to make your case for one feature—and refute ideas from people who have less grounding in the customer data.
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Socializing your development roadmap early and often.
Use your feedback data to justify choosing one feature request over another.
Read more: How to Use Customer Feedback to Manage Stakeholders and get Buy-in
Prioritize feature requests effectively to build a product people want
You need to be able to pivot your product effectively to get sufficient product/market fit and ultimately stay relevant. Knowing what you need to build so that you can continue to meet the needs of your customers is essential.
You do that by gleaning insights from your customer feedback, prioritizing their feature requests, and then acting on that feedback.
There is no shortage of product management prioritization strategies out there. But many of these are limited because they don’t connect your prioritization with what your customers want.
Don’t miss that important step. Make sure that customer feedback features heavily in your roadmap and product decisions.
Read next: Product management tools for prioritizing feature requests
FAQs
How do I prioritize features in a startup? Startups should focus on features that align with their core value proposition and provide the most immediate impact on user acquisition and retention.
What is the best tool for feature prioritization? Tools like Savio, Productboard, and JIRA are popular for their comprehensive features in centralizing feedback and managing prioritization.
How often should I revisit my feature prioritization? Regularly, ideally after each product iteration or sprint, to ensure priorities remain aligned with current goals and customer needs.
How can I balance short-term and long-term goals in feature prioritization? Allocate resources between immediate customer needs and strategic initiatives that support long-term growth.
What role do stakeholders play in feature prioritization? Stakeholders provide valuable insights and validation to ensure the prioritized features align with overall business strategy and objectives.
How do I handle feature requests from important but demanding customers? Evaluate these requests against your prioritization criteria, considering their strategic value and impact on other customers.
Note: Savio helps you centralize, organize, and prioritize product feedback from your GTM team, by integrating with Slack, HubSpot, Intercom, Zendesk, SFDC, Help Scout, and more. Learn more about Savio here.
Last Updated: 2023-03-08Kareem Mayan
Kareem is a co-founder at Savio. He's been prioritizing customer feedback professionally since 2001. He likes tea and tea snacks, and dislikes refraining from eating lots of tea snacks.
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