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Aug 6th, 2022
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How to join image in the Go To Market Strategy

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we are wrapping up our workshop season uh tonight uh with uh michael scotts uh startup secrets series i cant say that um he has been a phenomenal contributor to the ilab so i do need to take a moment to thank michael for all for all his hard work and everything hes contributed to the ilab his workshops um as you know if youve been to any of them are incredibly amazing and uh theyre so content rich and its um hitting upon all of the important components of starting a company so incredible resource that we have so thank you michael um and so im just going to quickly turn it over to him so he can get through all of this amazing content if uh you are here for the first time michael scott serial entrepreneur very successful turned venture capitalist um has a tremendous uh amount of knowledge in this space and uh is uh incredibly wise when it comes to what it takes to start a company so i will turn it over to michael scock i always feel like after jodys introduced me its all going t

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A go-to-market (GTM) strategy is a step-by-step plan for launching a new product or expanding an existing product into a new market. It sets your initiative up for success by answering the following questions: What product are you selling, and what unique problem does it solve?
Reducing time to market Prioritizing tasks that are essential for a product to enter the market. Troubleshooting product positioning and messaging before going to market. Concretely defining the logistics of distribution and sales channels before launch to ensure maximum market impact.
The five pillars are product analysis, product messaging, the sales proposition, marketing strategy and the sales strategy.
Market development strategy examples include geographical expansion, attracting new users, upselling to existing users, branding, and expansion of the target market. An example of a company that has successfully implemented a market development strategy is Nike.
Apples GTM strategy framework focused on creating anticipation and generating buzz about the phone up to six months before its actual release by using heavy marketing phrases like Apple reinvents the phone and breakthrough Internet communicator. Coupled with strategically timed product announcements, the company
A Typical Go-to-Market Team Structure Go-to-Market Manager. Marketing Manager. Marketing Team. Sales Manager. Sales Team. Additional Roles. Support Flexibility Through Cohesion. Focus on Buyer Personas.
Go-to-market plan example: Microsoft executed a go-to-market strategy when launching its third-generation Surface tablet. Their strategy was specific to the tablets launch and addressed a particular market problemthat existing tablets didnt have the functionality of a full-fledged computer.
Follow this six-step go-to-market strategy framework for the best success: Define your ICP. Your ideal customer profile or ICP comprehensively describes your perfect customer. Research your competitors. Develop your messaging. Set targets. Choose your tactics. Provide feedback.

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