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Industrial Manufacturers: Want 30% sales growth in 12-24 months? Obtain the kind of high marketing ROI I've been getting for some of the world's largest companies for 20 years. | Digital Transformation | Speaker
How do you define a go-to-market strategy? Here is one take on it: A comprehensive plan designed to introduce a product or service to the market and reach potential customers. It's about positioning the product in a way that attracts the right audience and meets their needs effectively. This strategy typically involves researching the market, understanding customer preferences, and selecting the best channels to reach the target audience. At its core, a go-to-market strategy focuses on timing, messaging, and delivery. Timing involves deciding the best moment to launch the product. This can be influenced by market trends, competitor activities, and internal readiness. I like to tie pushes of existing products or new releases to the target industry's rhythm of business in other words major milestones customers focus on through the year. Messaging revolves around the value proposition – what makes the product unique and why customers should choose it over alternatives. Delivery pertains to the methods and channels used to bring the product to the end users, such as online platforms, technical services, or direct sales. A well-crafted go-to-market strategy also considers potential challenges and prepares mitigation plans. This means identifying potential obstacles, such as market saturation or regulatory barriers, and developing strategies to overcome them. Good to have an eye for this during customer and internal interviews, perhaps with a disruptor radar workshop. Overall, defining a go-to-market strategy is about planning each aspect meticulously to ensure a smooth and successful product launch. hashtag #marketingstrategy