So I can only speak for myself. But then I was pretty good at video games. A huge standalone game unit that can only be found in slot machines. Since then I also try to keep up with home game consoles. But I must admit that I lost my skills.
Today I have to limit myself to random executions for half my life to make sure I still have him. What is Interesting? Wouldn’t it be great to be a product manager for Roblox mod manu company?
Video game industry
If you’re the type of person who is easily impressed by large numbers, check out the video game Grand Theft Auto IV, which surpassed $ 300 million in revenue on launch day. That’s double the last Batman movie on the day it was released.
Industry and product managers are facing challenges. Things get harder and harder, and the cost and complexity of developing a game increases with each release. Oh, you can imagine how capricious buyers of video games are – one of the products at the time. This is not good, but what is your product line for?
How is a video game product supposed to be successful?
Success in the video game industry depends on a combination of strong risk management and sound research and development. This part of the business has never changed, but the way video games are sold and distributed has changed fundamentally. This applies to all product managers.
One of the newest forms of video game makers is online subscription services. This product allows users to download game codes for free and pay a monthly fee to connect to servers that create a gaming environment in which all participants can play at the same time.
Activision Blizzard, one of the largest video game manufacturers. With over $ 1 billion in revenue and over $ 500 million in subscription revenue for World of Warcraft, this is definitely the wave of the future.
Another emerging trend is what computer game professionals call the “casual” marketplace. This is how video game product managers try to expand their potential customer base. I’m trying to create a product that will appeal to gamers who have little time to learn complex rules. The best example of a popular casual game is Guitar Hero.
Another important decision a video game product manager must make is to choose a video game console to develop his game. For example, Nintendo DS games can be developed at a lower cost than console games. And manufacturers can try for much cheaper than the PlayStation and Wii.
The future of video game products
In the video game business, it’s tough to be a product manager. Publishers need to sell about 1 million copies of their games on PS3 or Xbox 360 to break even. Constant pressure on this success is the creation of new creative ideas. for product managers
One of the new ideas just starting to emerge in video games is the concept of in-game advertising. Advertisements can be displayed as billboards. a character’s clothing or showcase surrounded by an online multiplayer game Therefore, advertising may change over time. nothing fixed
Another way to make money that is just getting started is by letting players play games for free. But you will have to pay for additional items such as new equipment for players. In some market segments, for example, for teenage girls It can bring huge profits.
Final thoughts
All product managers are concerned about the opportunity to take care of popular products. And video games definitely fit that description. But the video game industry is a battlefield. penalties for product backlog and keep innovating continuously
Even if you don’t work in the video game industry. You can learn from what they do. Moving product support and updating processes online to reduce costs and facilitate customer interactions is one innovation we can all consider.
If product managers can figure out how to innovate, how to manage their products from video games. A good product manager will also be able to find other ways to make their product a huge success.
