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Regardless of how incredible you think your product is, you always need research and an effective go-to-market strategy. This includes establishing an effective content marketing team in place along with the sales force. Content needs to be engaging, backed with the right SEO tactics, based on extensive research, supported by good design elements, and promoted across social media channels targeting specific audiences.
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HOW TO BUILD A GO-TO-MARKET PLAN FOR SAAS MARKETING The Smareters
Introduction The Smareters • Rapidly rising technology, ever-changing customer demand, SaaS market penetration, technology adoption, increasing competition, etc., are some of the significant challenges SaaS companies are dealing with today. • As these factors intensify across industries, SaaS companies need help attracting new customers. As a result, SaaS marketers are looking for ways to increase their market visibility and reach the right audience at the right time. • This is where SaaS companies need to double down their efforts to create an effective Go-To-Market (GTM) plan for SaaS Marketing.
What is a GTM plan for SaaS Marketing? The Smareters • Product-led growth: In this strategy, the product is the primary driver of customer acquisition, activation, satisfaction, retention, and scalable expansion. • Community-led growth: In this strategy, companies build communities of enthusiastic users who are the main force behind customer acquisition, satisfaction retention, and growth. • Sales-led growth: This strategy uses the sales representative or sales team to generate interest in the product. • Marketing-led growth: This strategy includes using marketing tools and resources to generate interest and acquire customers.
Key Components: The Smareters • Product-Market Fit: Proves that your product solves a specific user’s pain, and people see value in your product and are ready to pay for it. • Market Definition: All information about the target market. Which market, what size, what has worked/not worked previously in that market, how much customers are willing to pay in this market, competitors and decision-makers of this market, etc. • Target Audience: Instead of selling your product/service to everyone, you need to focus on specific buyer personas which require information about your target audience.
Steps To Build A Go-To-Market Plan: The Smareters Here are a few crucial steps to organizing a GTM strategy for SaaS marketing: • Identify the growth strategy:Start by writing down a strategic plan that considers the business objectives, tactics, strategies, and immediate competitors. The write-up should consider your vision, purpose, value statements, budget, operating, and action plans. It is the ideal time to include a detailed description of your business and its services/products. If the objective is growth led by sales, define the objectives and goals to be achieved by the resources.
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