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Product Management Improvement Question: Enhancing Zerodha's mobile app for beginner-friendly trading experience

How can we enhance Zerodha's mobile app to make trading more intuitive for beginners?

Product Improvement Medium Member-only
User Segmentation Feature Prioritization UX Design Finance Technology Mobile Apps
User Experience Fintech Mobile App Onboarding Trading

Introduction

Enhancing Zerodha's mobile app to make trading more intuitive for beginners is a critical challenge that could significantly impact user acquisition, retention, and overall market share. I'll approach this problem by first clarifying our objectives, then analyzing our user segments and their pain points. From there, I'll propose and evaluate solutions, considering both immediate improvements and long-term strategic value.

Step 1

Clarifying Questions (5 mins)

  • Looking at the product context, I'm thinking about Zerodha's current market position. Could you share some insights on our current user base size and growth rate compared to competitors?

Why it matters: Helps determine if we should focus on acquisition or retention strategies. Expected answer: Zerodha has a strong user base but growth is slowing compared to newer fintech entrants. Impact on approach: Would prioritize features that improve activation and engagement for new users.

  • Considering user behavior, I'm curious about the most common actions beginners take when they first open the app. What are the top 3-5 features new users interact with in their first week?

Why it matters: Identifies key areas for improvement in the onboarding experience. Expected answer: Account setup, watchlist creation, and paper trading are common first actions. Impact on approach: Would focus on simplifying these core experiences for beginners.

  • Thinking about product lifecycle, where does Zerodha's app stand in terms of feature completeness versus user experience refinement?

Why it matters: Helps balance adding new capabilities versus optimizing existing ones. Expected answer: The app has a comprehensive feature set but lags in user experience compared to newer apps. Impact on approach: Would prioritize UX improvements and simplification over adding new features.

  • Regarding company alignment, what are the primary business metrics we're trying to improve with this initiative? Are we more focused on user acquisition, engagement, or monetization?

Why it matters: Ensures our product improvements align with overall business goals. Expected answer: The primary focus is on improving 30-day retention rates for new users. Impact on approach: Would emphasize features and improvements that help users see value quickly and build habits around the app.

Tip

At this point, I'd like to take a 1-minute break to organize my thoughts before diving into the next step.

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