| |
A go-to-market strategy is a plan to bring a product or service to market to achieve initial objectives such as a target level of revenue and market penetration. This can include a large number of considerations including market research, product positioning, operations, customer service, distribution, promotion, sales and pricing. The following are basic examples of what's involved in a go-to-market strategy.
Product objectives – market targets such as a level of market penetration | Market research | Competitive analysis | Identification of target markets | Value proposition | Product positioning | Branding strategy | Packaging design | Operational planning | Operations training | Customer service planning | Public relations such as press releases | Sales planning | Sales training | Lead generation | Marketing plan | Promotional strategy | Developing creative content such as advertisements | Promotional event planning | Marketing collaterals | Distribution strategy | Pricing strategy | Customer experience strategy | Launch strategy | Launch | Marketing measurement and key performance indicators | Marketing optimization | Continuous improvement of products, services and customer experience | Customer feedback | Customer advocacy – using customer feedback to drive improvement |
The line between product development and go-to-market isn't always clear. For example, product development must consider product positioning but this may be reconsidered when thinking about how to actually promote and sell the product.Go-to-market strategy remains in play after launch until go-to-market goals are met such as initial revenue and market penetration. At some point there is a hand-off to product marketing and product management processes.OverviewA go-to-market strategy is a plan to launch a product and achieve some initial level of sales. This may be a coordinated effort across teams that can include sales, promotion, distribution and operational efforts.
Go-To-Market Strategy
This is the complete list of articles we have written about go-to-market strategy.
If you enjoyed this page, please consider bookmarking Simplicable.
© 2010-2024 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|