Key Qualities to Look for in a Web3 Product Manager

• cryptojobs.com
• April 3, 2024
• All Posts, Employer’s Guide
• Product Manager, Web3
• 0 Comments

A Web3 product manager focuses on the strategy, planning, creation, and execution of a Web3 project or service throughout its lifecycle. They are responsible for every feature and component, from its initial idea to its launch in the market. Ideally, through its working and maintenance phase as well.

This is an extremely important role, so you cannot go about making wrong hiring decisions here. To help you out, we have rounded up the key qualities to look for in a Web3 product manager. Whether you’re a startup, a tech giant, or a specialized Web3 firm, understanding these essential qualities can help you find the perfect candidate. Have a look!

What Does a Web3 Product Manager Do?

The product manager’s job revolves around creating products that fulfill consumer requirements. The professionals working these jobs serve as a link between all stakeholders, i.e., users, developers, marketers, sales representatives, and senior management. They research market trends, acquire customer insights, and use these to draft practical product plans. Then, they collaborate with diverse teams, such as engineering, design, marketing, and sales, for successful product development and launch.

In essence, product managers improve a Web3 company’s product development and market performance. They bring their experience and skill set to contribute to a business’s overall growth, competitiveness, and customer pleasure.

Check out: A Guide for Writing an Impressive Web3 Product Manager Job Description

Key Skills to Look for When Hiring a Web3 Product Manager

The performance of a company’s product development efforts hinges on the selection of a proper product manager. A great one can take you to the heights of success, while a jaded one can ruin the most promising ideas. So it is essential to do your homework and hire a candidate with the traits and competencies to succeed in the competitive market. Here are the most essential traits that you should prioritize when making your hiring decision:

Problem-Solving Ability

Product management is a tricky role, one that pulls the candidate in numerous different directions. The entire product development process is full of challenges and obstacles. A great Web3 project manager is not only able to identify these problems but also come up with creative solutions to solve them. While collaborating with different teams throughout the product cycle, they take the time to understand each team’s unique problems and come up with ideas to neutralize them. So, a candidate with a natural problem-solving aptitude should be your choice. You can figure this out during the interview by telling them about your product and asking how they can manage or improve it.

Great Communication Skills

Whatever else you desire in your product manager, communication skills should always be at the top of your checklist. Even if a candidate checks all other boxes, strong technical expertise, experience in your industry, and years of experience, they won’t make much of a difference if they cannot communicate clearly and effectively. In product manager jobs, they have to interact with functional teams in the company as well as professionals across a wide range of disciplines. With strong communication skills, they can build rapport with team members, foster collaboration, and ensure alignment amongst all collaborating teams. They become more important in the Web3 space because interaction and collaboration form its foundation.

Empathy

Empathy means understanding and empathizing with the needs, desires, and challenges of users and stakeholders. It is the ability to see things from the customer’s eyes and understand what their problems, fears, and desires are. An empathic product manager strives to develop products that match up with the customer’s needs. They don’t force solutions that the customer doesn’t want.

Empathy also extends to the production side of the process. It enables product managers to effectively collaborate with cross-functional teams and build strong relationships with stakeholders. However, this trait is a bit difficult to find because nowadays, everyone is so focused on their wants that they rarely spare a moment to understand others. If you can find a candidate who can truly empathize, don’t miss out on them.

Charisma

This is one of the less obvious traits. Charisma is the natural leadership ability. A charismatic product manager has the ability to inspire and motivate his team. They are also able to influence customers and stakeholders. That, too, is without any organizational power. For example, a VP of engineering is well above the product manager in terms of organizational hierarchy, but with natural leadership skills, they can drive complex initiatives. With a charismatic personality, they build strong relationships and generate enthusiasm among the team members. The task is not simple because they also have to say no to their requests or push them to work harder or more quickly. Only with charisma can they make it happen.

Curiosity

A curious product manager is always eager to learn and explore new ideas and technologies. They ask questions, seek out new information, and stay updated on the latest developments in the decentralized technology space. Curiosity drives innovation and allows product managers to identify opportunities for improvement and growth. When hiring for product manager jobs in the Web3 industry, look for candidates who demonstrate a natural curiosity and a passion for learning. This quality can help them adapt to the rapidly changing landscape of decentralized technology and drive success in their roles.

Passion

Passion is another trait on which to evaluate product manager candidates. Being passionate is very important because product development is a long process. It can take months, sometimes even years, for a product to really take off. The road to success is often riddled with challenges and setbacks. If the product manager is driving this long, challenge-ridden development and is not passionate about the product, they won’t be able to see it through to a successful launch. They understand that the whole effort can slide off the track at any time, yet they keep going until they have succeeded.

Final Thoughts

If you want your Web3 projects to succeed, you need to hire the right product manager. Finding the right one may seem difficult at first, but once you know what to look for, you’ll have the perfect candidate in no time. Use the skills mentioned above as your evaluating standards and ask questions to gain insight into their true personality. Only then can you determine whether they are the right pick or not!

Finding Web3 jobs in the competitive web3 space can be stress-free with cryptojobs.com, as top Web3 and crypto companies trust the platform for hiring the best talent. Start your job search today and find a position that matches your skillset.