The PLG Alert
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November 7, 2024 7:53 AM
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How to build your GTM strategy from scratch - by Maja Voje | Growth Unhinged

How to build your GTM strategy from scratch - by Maja Voje | Growth Unhinged | The PLG Alert | Scoop.it

A go-to-market (GTM) strategy is much more than a launch plan; it’s a structured approach for scaling products. The GTM journey typically follows three stages: problem-solution fit, where initial evidence shows the product solves a customer problem; product-market fit, where a sustainable business model with customer retention emerges; and GTM fit, where a repeatable and scalable GTM motion drives growth. Identifying an Early Customer Profile (ECP) is essential in the initial GTM phase, as it includes customers with an immediate need, a willingness to pay, and potential to serve as strong references. Differentiated positioning through a Unique Value Proposition (UVP) and Unique Selling Proposition (USP) is critical to attract these early customers by addressing their unique needs compared to alternative solutions.

 

Implementing GTM requires a masterplan that includes effective, low-cost tactics to secure traction and scale. Choosing two to three GTM motions tailored to the product and target audience can yield optimal results. For example, outbound outreach and content creation can be pivotal for startups with limited resources. Each stage of product-market fit is iterative, involving cycles of hypothesis testing and optimization, reflecting the ongoing nature of PMF as companies align all elements for scalable growth. Ultimately, this scientific approach minimizes risks while propelling the product towards its full market potential.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Develop an Early Customer Profile (ECP) focusing on urgent pain points and willingness to pay.
  2. Define a compelling UVP and USP to highlight your product’s differentiation in the market.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 7, 2024 7:49 AM
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Varun Parmar on how CPOs are shaping the future of sales | McKinsey

Product-led growth (PLG) is fundamentally about creating a product so intuitive and valuable that it serves as the primary driver of business growth, reducing the need for traditional sales-led approaches. According to Varun Parmar, General Manager of Adobe, products that deliver immediate, tangible value and incorporate mechanisms to encourage viral engagement can transform user acquisition and retention. Successful PLG firms like Miro and Slack have leveraged preproduct experiences, allowing users to experience core functionality without signing up, thus accelerating value realization. Parmar highlights that PLG requires seamless cross-functional alignment, with product, marketing, and sales teams collaborating closely to align on metrics and messaging that emphasize the product's value proposition. This alignment not only enhances user acquisition and retention but also improves the user journey, encouraging product adoption and expansion organically through the product's capabilities.

 

Parmar also discusses how companies are evolving from PLG to product-led sales (PLS), where sales, marketing, and product functions collaboratively enhance the product experience and effectively drive upsell and cross-sell opportunities. Implementing PLG successfully demands strong data infrastructure and clear metrics, particularly a North Star Metric (NSM) that best correlates with revenue-driving outcomes. Economic pressures and tighter budgets are challenging PLG models, pushing companies to refine their value propositions and leverage customer success to demonstrate ROI. Gen AI is further shaping PLG by enhancing the ability to automate and personalize user experiences across the funnel, offering targeted insights for sales and marketing teams, and accelerating customer engagement through intelligent recommendations and optimized workflows.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Strengthen the product's value proposition to drive user acquisition and retention by emphasizing immediate, tangible benefits.
  2. Foster cross-functional alignment, ensuring product, marketing, and sales teams collaborate closely on shared goals and metrics.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here. #PLG #ProductLedGrowth #GTM #GoToMarket

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November 7, 2024 7:46 AM
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Planning Your 2025 ABX Go-To-Market Approach - Heinz Marketing

Planning Your 2025 ABX Go-To-Market Approach - Heinz Marketing | The PLG Alert | Scoop.it
As 2025 approaches, refining your Account-Based Marketing (ABM) and Account-Based Experience (ABX) strategies is crucial for meaningful engagement and growth. Begin by reassessing your Ideal Customer Profile (ICP) to align with evolving market conditions, focusing on precision over scale. Identify emerging verticals or regions with untapped potential and understand the non-negotiable factors in current buyer decisions. Building a data-driven account list that aligns with your refined ICP will position your organization for high returns.
 

Cross-departmental alignment is essential for a cohesive ABM/ABX strategy. Facilitate regular planning sessions between sales, marketing, and customer success teams to synchronize on target accounts, messaging, and success metrics. Establish shared KPIs that reflect each department's contribution to account success, such as engagement metrics, pipeline acceleration, and customer retention. Implement feedback loops to share customer insights across departments, enabling real-time refinement of your strategy and fostering a seamless account experience.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Reevaluate and update your Ideal Customer Profile (ICP) to reflect current market dynamics and buyer expectations.
  2. Establish regular cross-departmental planning sessions to ensure alignment on target accounts, messaging, and success metrics.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 6, 2024 11:01 AM
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The Ultimate Guide To Growth Marketing And Sales | Shubham Khoker, Head of Growth @ TopMate - Product Growth

Defining the Growth Role and Strategy
The role of a Head of Growth encompasses marketing, sales, content, and social media—balancing these functions to drive measurable outcomes. The growth role is increasingly seen in larger organizations, not just startups, due to its flexibility and adaptability. In this position, experimentation and adaptability are emphasized over rigid success playbooks. Growth professionals prioritize "winning or learning," focusing on understanding which approaches fail and adapting quickly. By narrowing efforts to specific channels, such as social media or email, and placing some on autopilot once optimized, growth teams avoid spreading themselves too thin. The approach aligns with business needs and may shift based on company maturity or product life cycle stage.

 

Experimentation and Real-Time User Feedback
Experimentation is central to growth marketing, with frequent A/B testing on everything from content types to ad formats and distribution channels. Real-time insights gathered from targeted user cohorts are invaluable for refining strategies and gauging content effectiveness. User feedback is captured continuously, often through direct outreach or automated messages, providing actionable data that complements performance metrics like conversion rates or engagement. Structured feedback loops allow teams to pivot quickly, ensuring content and campaigns remain relevant to users’ evolving preferences. Growth leaders promote a “fail fast” mindset, encouraging teams to prioritize high-learning experiments and adapt strategies accordingly.

 

Metrics-Driven Decision Making in a Marketplace Context
For marketplace models, a Head of Growth must balance supply (providers) and demand (users) based on business goals and user flow dynamics. In cases where supply (e.g., available experts) limits user engagement, growth teams focus on attracting high-quality contributors before scaling demand-side efforts. Campaigns such as voting or awards are used to increase visibility and engagement for these key suppliers. Key performance indicators (KPIs) are tailored to align with departmental goals while supporting broader metrics like revenue or customer acquisition costs. Social media distribution is treated as a key channel for scaling marketplace visibility, while more personalized, high-conversion channels are used to deepen user engagement.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Utilize structured user cohorts for continuous feedback on product features and messaging, focusing on rapid iteration based on results.
  2. Align KPIs across teams to support marketplace balance, ensuring that high-priority metrics drive both supply and demand side growth.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 6, 2024 8:45 AM
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A Guide to User Behavior Analytics (UBA): How to Track & Analyze - Amplitude

A Guide to User Behavior Analytics (UBA): How to Track & Analyze - Amplitude | The PLG Alert | Scoop.it

Understanding user behavior is crucial for product development and marketing strategies. By analyzing how users interact with a product, companies can identify areas for improvement, enhance user experience, and drive growth. Key metrics such as feature usage, retention rates, and conversion paths provide insights into user preferences and pain points. Tools like Amplitude enable businesses to track these behaviors, facilitating data-driven decisions that align with user needs and business objectives.

 

Implementing user behavior analytics involves several steps: defining key performance indicators (KPIs), setting up analytics tools, and continuously monitoring user interactions. This process helps in identifying trends, segmenting users based on behavior, and optimizing product features to boost engagement and retention. By focusing on user behavior, companies can create personalized experiences that foster loyalty and increase customer lifetime value.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement a user behavior analytics tool to monitor and analyze user interactions with your product.
  2. Regularly review and adjust product features based on user behavior data to enhance engagement and retention.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 6, 2024 8:43 AM
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Drive and Convert (Ep. 119): Amazon Growth – What Brands Need To Do To Succeed - The Good

Drive and Convert (Ep. 119): Amazon Growth – What Brands Need To Do To Succeed - The Good | The PLG Alert | Scoop.it

Amazon dominates ecommerce with over 40% of online transactions, making it a platform brands cannot ignore. However, while listing products on Amazon can drive sales, it presents specific challenges, such as Amazon claiming customers as their own and taking a cut of the profit margin. Brands without unique products or trademarks may struggle to establish themselves. Leveraging Amazon’s Brand Registry is crucial, as it grants added benefits like trademark protection and enhanced listing control. Foundational elements for success on Amazon include creating a distinct Amazon storefront, optimizing listings with ASINs, quality images, and videos, which help build brand visibility and trust with consumers.

 

Successfully launching and growing on Amazon requires investment in ads to drive traffic, as organic sales alone may be limited initially. Testing is essential across titles, images, and keywords to optimize search results and conversion rates. Brands can even drive external traffic from platforms like Google and TikTok to Amazon listings, enhancing Amazon SEO through increased sales velocity. However, Amazon's unique system values sales volume over traditional SEO practices, emphasizing that consistent sales are what fuel better rankings. Although there is potential to reach significant audiences, the cost and challenges of managing reviews, inventory, and ads on Amazon can be a barrier.

 

Despite its advantages, relying solely on Amazon limits brand interaction with customers since the platform controls user data and communications. Reviews play a crucial role in building trust, though fake reviews are a problem that affects brand perception. Amazon’s structure can benefit emerging brands, allowing them to borrow credibility, but it’s essential to remember that Amazon ultimately retains customer loyalty. For many brands, Amazon may not replace direct-to-consumer channels but can serve as a valuable component within a broader ecommerce strategy.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Evaluate the potential to leverage Amazon’s Brand Registry for enhanced product control and customer visibility.
  2. Test ad campaigns and listing elements regularly to identify high-converting keywords and visuals.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 10:13 AM
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How to Improve Referral Rates with Growth Loops - The Good

How to Improve Referral Rates with Growth Loops - The Good | The PLG Alert | Scoop.it

Growth loops present a sustainable approach for SaaS products to grow through virality and network effects. Unlike traditional acquisition funnels, which require continuous investment at each stage, growth loops enable a self-sustaining system where each user interaction leads to more user engagement and acquisition, creating a compounding effect. These loops, which function similarly to a flywheel, harness existing users to attract new ones by integrating natural referral mechanisms within the product experience, as seen with platforms like Dropbox, Substack, and Canva. Each of these platforms utilizes user actions that align with the product's core value, making sharing an integral and rewarding part of the user journey.

 

Dropbox's successful growth loop, for instance, provides additional storage for users who refer friends, creating a cycle where new users are incentivized to bring more users into the system. Similarly, DocuSign introduces its platform through document-sharing processes, while Canva encourages new team members during the signup process, embedding product dependence and introducing potential subscribers. These examples highlight that growth loops work best when incentives are tightly aligned with the product’s primary value, motivating users to share in a way that feels beneficial and natural.

 

To implement effective growth loops, businesses should first clarify their product’s unique value proposition, ensuring it aligns with user actions that can lead to more engagement. Incentives are then built into this structure, encouraging users to share without needing extensive financial rewards—sometimes, the product’s value itself serves as motivation. It is also crucial to streamline sharing processes, such as incorporating one-click invitations or social links, to make the referral process feel seamless and embedded within the user journey.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on designing growth loops that naturally align user actions with the product’s value proposition, encouraging organic sharing.
  2. Regularly monitor and optimize key metrics such as referral rates and user activation to identify and address bottlenecks in the loop.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 10:09 AM
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Just evil enough: Subversive marketing strategies for startups | Alistair Croll - Lenny's Podcast

The podcast explores several innovative tactics for businesses to gain a competitive advantage by leveraging unique positioning, market awareness, and often unconventional approaches. Examples include Burger King's strategic use of social media norms to create intrigue, such as interacting with decade-old posts to generate buzz before announcing a product reintroduction, effectively demonstrating the power of understanding platform mechanics and audience behavior. This example illustrates how an in-depth knowledge of both the product and the medium it exists within can amplify visibility without traditional marketing costs​.

 

It also emphasizes the importance of rethinking product market fit by considering the "product-medium-market fit," where the platform and norms play as crucial a role as the product itself. Traditional marketing concepts, primarily rooted in one-way communication, are no longer sufficient in today’s digital landscape, where interactions are multi-directional and audiences can engage directly with brands. Concepts like "Recon Canvas," which involves a framework dividing focus across product, medium, and market, provide an adaptable structure to spot opportunities across various stages of the consumer journey​.

 

Also discussed are tactics like “buyer upgrade,” which focuses on targeting alternate buyers or markets without changing the core product. This approach, exemplified by Hitachi’s collaboration to rebrand a massager for a different market, demonstrates the value in adapting messaging rather than product to align with a new audience segment. Such strategies underscore the idea that, rather than changing a product’s features, adapting its position and aligning it with a novel audience can lead to significant growth without extensive redevelopment​.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Explore alternate platforms and norms to promote products creatively, focusing on engaging unique audience behaviors.
  2. Evaluate if shifting target buyers or segments can increase product appeal without major changes to the core offering.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 10:02 AM
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The Product Strategy Playbook: A Guide to Flywheels - Amplitude

The Product Strategy Playbook: A Guide to Flywheels - Amplitude | The PLG Alert | Scoop.it

Download the free playbook to get access to diagrams, worksheets, and detailed examples that show how to drive sustainable growth in your digital business.

 

The "Product Strategy Playbook: A Guide to Flywheels" emphasizes the importance of digital transformation in modern business, especially post-2020. It introduces the concept of the flywheel, a model for sustainable growth through continuous, integrated cycles of improvement.The playbook builds on Jim Collins's idea of the flywheel from his book "Good to Great," applying it to the rapid shift towards digital business models.

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The flywheel concept helps businesses identify and enhance the interactions and experiences that drive growth, creating virtuous loops that build momentum over time. The playbook details various types of flywheels for different industries, including B2C/Consumer Tech, B2B/SaaS, Media, Fintech, and E-commerce. Each flywheel is tailored to the specific needs and dynamics of its industry, focusing on key inputs that drive user engagement, loyalty, and business growth. 
 
For instance, a B2C flywheel might focus on user growth and loyalty programs, while a B2B flywheel could emphasize expanding product adoption across departments within a client organization. A significant part of the playbook is dedicated to using product analytics to inform and refine the flywheel. Companies are encouraged to adopt a data-informed approach to understand user behavior and make strategic decisions that enhance the flywheel's effectiveness.
 

Examples from companies like Babbel, HubSpot, and NBC Universal illustrate how product analytics can drive critical decisions and improve user experiences, ultimately leading to sustainable business growth. The playbook concludes by stressing the importance of clear communication and alignment within organizations. By understanding and leveraging the flywheel concept, teams can see how their work contributes to the overall product vision and business growth. The document encourages businesses to democratize data, empower teams, and deliver superior digital experiences to stay competitive.

Joemktg's insight:

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:56 AM
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How to Create a Product Differentiation Strategy That Works (Examples & Tools) - Amplitude

How to Create a Product Differentiation Strategy That Works (Examples & Tools) - Amplitude | The PLG Alert | Scoop.it

A product differentiation strategy helps businesses stand out by emphasizing unique aspects that attract customers and drive loyalty. Key differentiation approaches include vertical strategies like pricing or quality, and horizontal strategies based on subjective preferences, such as branding or ease of use. Companies may blend these tactics, aligning product strengths with market needs, to better appeal to target audiences and build a competitive edge.

Different differentiation types include price, quality, service, branding, functionality, ease of use, and audience targeting.

 

Businesses can choose the best fit based on product strengths and competitor weaknesses, sometimes using tools like Amplitude for customer insight and optimization. Hyperlite Mountain Gear, for example, captures a niche by prioritizing performance, while Chick-fil-A excels at customer service, and Apple thrives on brand loyalty.

 

Implementing a differentiation strategy benefits companies by attracting and retaining customers willing to pay for unique value. Tools like Amplitude’s Retention Analysis and Pathfinder help track customer engagement and identify areas to refine. Effective differentiation also involves monitoring competitors on review sites and adapting based on feedback. Product strategy templates and experiments help refine offerings to stay competitive over time.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Use customer and competitor insights to shape a unique differentiation strategy.
  2. Employ tools like Amplitude to analyze engagement, refine product offerings, and enhance customer loyalty.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:53 AM
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The Top Marketing Strategies for 2025 Growth with the CMOs of Snowflake, LinkedIn, and Carta - SaaStr

Snowflake, initially positioned as a cloud-based data warehouse, faced challenges gaining credibility in a crowded market. Instead of creating a new category, Snowflake entered the established data warehouse category but differentiated by emphasizing cloud capabilities. Consistent messaging around being “the data warehouse built for the cloud” was crucial, eventually allowing Snowflake to evolve into a broader data cloud category as customer needs grew.

 

Carta, traditionally known for its cap table management, is now shifting focus to serve fund CFOs, who are often underserved in venture capital and private equity. By targeting this specific audience with a product vision resembling a full ERP system for fund CFOs, Carta aligns its marketing, product, and sales efforts to meet new market demands. This approach fosters a cohesive brand narrative and builds new growth opportunities.

 

LinkedIn Sales Solutions emphasizes customer experience (CX) as a growth strategy, aiming to deepen engagement with existing clients by aligning sales, marketing, and product teams around value delivery. By improving CX and unifying customer journey mapping, LinkedIn aims to increase utilization and retention. Their focus on refining onboarding and value communication ensures a strong foundation for renewal discussions and sustained growth.

 

Each company is also leveraging AI to enhance productivity and scale effectively. Snowflake’s AI use cases include streamlining SDR tasks, while Carta explores advanced marketing mix modeling, and LinkedIn’s AI initiatives focus on building agentic assistants that act on users’ behalf. Overall, these tech companies are investing in scalable, consistent strategies that align with specific customer needs and evolving industry trends, from AI innovations to category development.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on consistent messaging within established categories to build brand credibility.
  2. Leverage AI to enhance productivity in specific growth areas, such as customer experience and marketing.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:49 AM
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21 Product Feedback Software for Collecting Actionable Insights - UserPilot

21 Product Feedback Software for Collecting Actionable Insights - UserPilot | The PLG Alert | Scoop.it

Choosing the right product feedback software for SaaS companies can be challenging, with a variety of tools available for different feedback needs, such as surveys, user testing, sentiment analysis, and product analytics. This guide breaks down 21 top feedback solutions, covering use cases, key features, and pricing. Among these, tools like Userpilot offer in-app feedback and user behavior analytics, while Typeform provides visually engaging surveys, and Mixpanel and Amplitude focus on detailed product usage insights. Each tool has unique benefits, enabling businesses to select options based on specific feedback requirements and budgets.

 

Product feedback tools support various teams by streamlining feature prioritization, refining messaging, and improving user experience based on real insights. Social listening tools like Brandwatch and Mention help capture online sentiment, while platforms like G2 and Capterra provide verified reviews, essential for building credibility and understanding customer sentiment. The guide suggests SaaS companies start with free trials and demos to evaluate tool capabilities before implementation, ensuring they select a solution that aligns with their objectives.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Prioritize tools that address specific feedback goals, from in-app surveys to social listening.
  2. Use demo versions to assess functionality before committing to a particular software.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:46 AM
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From Copilot to Autopilot: How Startups Can Win the AI Go-To-Market Race | by Yunhao Jiao | Oct, 2024 | Artificial Intelligence in Plain English

The AI go-to-market (GTM) race is intensifying, with companies balancing between hype and realistic expectations, as described by the Gartner Hype Cycle. Positioned between the "Peak of Inflated Expectations" and the "Trough of Disillusionment," AI solutions are shifting focus toward efficiency and ROI, particularly in DevOps, where automation is crucial. Startups leverage agility and customer focus, rapidly developing solutions for emerging needs, while incumbents benefit from scale and resources but may lack the speed to adapt. Execution remains the critical differentiator for those seeking success in the AI GTM space.

 

The future of AI GTM strategies will likely see a transition from "copilot" models, which assist human tasks, to "autopilot" models, which autonomously manage complex processes like QA testing and debugging. As AI evolves to handle routine tasks independently, companies are set to benefit from enhanced productivity, allowing teams to focus on strategic initiatives. This shift will likely favor those who can balance agility with disciplined GTM approaches, positioning AI not just as a tool but as a driver of business success.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Evaluate your GTM approach to balance innovation with a disciplined execution strategy.
  2. Prioritize customer feedback to refine AI capabilities and gain a competitive edge.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:44 AM
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How to Build and Improve Your Product Analytics Strategy - UserPilot

How to Build and Improve Your Product Analytics Strategy - UserPilot | The PLG Alert | Scoop.it

A well-crafted product analytics strategy is crucial for aligning business goals with user needs, improving decision-making, and refining the product experience. The process involves understanding core issues, defining key metrics, and determining the best way to collect and analyze data, whether through building an in-house system or purchasing analytics tools. Teams must establish a structured workflow for data governance and ensure collaboration across departments to maximize insights. Building a culture that empowers all departments to access and analyze data independently further enhances the organization’s data maturity.

 

Product analytics needs vary by company stage: early-stage companies focus on product-market fit, growth-stage companies scale data processes, and mature companies refine features and monetization strategies. Tools like Userpilot, Mixpanel, Amplitude, and PostHog offer tailored analytics solutions, each serving different levels of technical needs and budgets. Using actionable metrics, such as activation rates and churn reduction, is essential to measure success and guide product improvements. The right analytics approach allows SaaS businesses to make informed decisions that support growth and user satisfaction.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on defining key product metrics aligned with user needs and business objectives.
  2. Invest in analytics tools that enable team-wide access and foster data-driven decision-making.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 5, 2024 9:42 AM
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Landbase Announces GTM-1 Omni Action Models: The Future of Go-to-Market Automation | Landbase

Landbase Announces GTM-1 Omni Action Models: The Future of Go-to-Market Automation | Landbase | The PLG Alert | Scoop.it

Landbase recently introduced GTM-1 Omni, an AI-driven action model tailored to revolutionize go-to-market (GTM) strategies for businesses. Designed to streamline lead generation and eliminate repetitive tasks, GTM-1 Omni incorporates "Agentic AI," which autonomously manages complex workflows across sales and marketing. Key features include decision-making models for orchestrating campaigns, message personalization across various channels, and content prediction to enhance conversions. Powered by data from over 40 million interactions, GTM-1 Omni provides continual improvements by learning from successful and unsuccessful campaign data.

 

Complementing GTM-1 Omni, Landbase’s new suite includes Outbound, Nurture, and Inbound tools to automate various sales and marketing functions. Additionally, the GTM Trust Score, a free tool, offers insights on a company’s digital credibility before launching outbound campaigns. With $12.5 million in seed funding and an extensive waitlist, Landbase is positioning GTM-1 Omni as a transformative tool that prioritizes business success by equipping companies with tools that genuinely drive revenue without spam.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Integrate AI-driven workflows to streamline repetitive GTM tasks and boost efficiency.
  2. Leverage predictive content scoring to tailor messaging and improve lead conversions.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:25 AM
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North Star Metric Examples to Kickstart Your Thinking - ProdPad

North Star Metric Examples to Kickstart Your Thinking - ProdPad | The PLG Alert | Scoop.it

A North Star metric serves as a guiding measure that focuses a company’s efforts on customer-centric goals, aligning teams around a single, impactful metric that connects product value to sustainable growth. This metric varies by company, but its core purpose is to capture essential customer behaviors that reflect long-term engagement and business success. North Star metrics work best when tailored to each product’s unique value and when they are measurable, serving as clear indicators of overall health and success.

 

Examples from various industries, such as tech and e-commerce, illustrate how North Star metrics like weekly active users or customer retention rates encapsulate meaningful outcomes while encouraging team alignment. These metrics help organizations maintain focus on continuous value delivery to customers rather than short-term gains, fostering long-term growth. By concentrating efforts on metrics that reflect ongoing value, companies create a consistent and strategic approach to achieving growth objectives.

 

To define a North Star metric, teams should identify a metric directly related to customer satisfaction, retention, or engagement, ensuring it is both relevant and measurable. This approach enables companies to track progress toward sustainable growth, guiding decisions that prioritize customer value. Regularly assessing and adjusting this metric as customer behaviors evolve allows organizations to keep their focus on delivering meaningful, lasting impact.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Identify and track a metric that directly connects customer satisfaction to business growth.
  2. Choose a measurable, customer-centric metric that supports sustainable engagement.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:18 AM
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Hunting Alpha in GTM Strategies - Predictable Revenue

Hunting Alpha in GTM Strategies - Predictable Revenue | The PLG Alert | Scoop.it

In today’s evolving demand generation landscape, achieving a competitive advantage, or "Alpha," hinges on early adoption of cutting-edge, data-driven tools. The initial advantage of tools like Outreach and SalesLoft has faded as they became widespread, prompting a shift to more complex, AI-powered platforms like Clay. This transition requires mastery of advanced techniques, offering a strategic edge for those willing to engage in targeted, signal-based outreach. Rather than maximizing outreach volume, high-performing teams now emphasize precision, refining targeting to capture prospects primed for engagement.

 

Outbound sales strategies have moved from high-volume to high-precision approaches, driven by profitability goals. By using signals from real-time data, companies can align outreach with buyer intent, making engagements more timely and effective. Signal-based targeting enables a more flexible approach that shifts focus from traditional Ideal Customer Profiles to a dynamic, intent-driven model that continuously adapts to real-time indicators, ensuring relevance in outreach and a distinct market advantage.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement signal-based targeting to refine outbound efforts and increase engagement.
  2. Focus on adopting and mastering emerging AI-driven tools to maintain a competitive edge.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:15 AM
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How Much Content Is Too Much? - SaaStr

How Much Content Is Too Much? - SaaStr | The PLG Alert | Scoop.it

Creating high-quality social media content across multiple channels can be highly beneficial, but only if it’s truly valuable. Consistent, excellent content engages diverse audiences who prefer learning on different platforms—some through blogs, others through podcasts or videos. With nearly 10,000 posts and a broad audience, the lesson is clear: prioritize quality over quantity. Additionally, as social media and content demands evolve, the amount of effort needed to maintain engagement has increased substantially. Where once a few blog posts sufficed, today’s content strategy must include diverse media, frequent updates, and strong alignment across channels to achieve comparable results.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on creating high-quality content tailored to each platform, understanding audience preferences.
  2. Expand your presence across multiple channels to reach varied audiences, but maintain a consistent standard of value.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:14 AM
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Go to Market Strategy | Salesforce US

Go to Market Strategy | Salesforce US | The PLG Alert | Scoop.it
A Go-to-Market (GTM) strategy is a systematic approach designed to launch products effectively, focusing on aligning product solutions with customer needs while targeting the right market segments. It involves defining buyer personas, analyzing competitive landscapes, and leveraging data to anticipate customer preferences. A robust GTM strategy incorporates predictive modeling and CRM integration, allowing for real-time adjustments to meet evolving market demands, improve resource efficiency, and minimize revenue gaps.
 

Effective GTM strategies continuously adapt, utilizing CRM insights to refine buyer personas and value propositions based on competitor research and customer feedback. This dynamic approach not only increases revenue potential but also enhances customer satisfaction by ensuring the product addresses specific pain points and provides a clear competitive edge. As markets change, a well-integrated GTM strategy ensures sustained growth by optimizing processes and maintaining alignment between product offerings and customer expectations.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Regularly update buyer personas and GTM strategy based on real-time CRM data.
  2. Use competitive research insights to enhance unique value propositions.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:12 AM
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How to Scale a Marketplace: Lessons from Grubhub & Pinterest - First Round

How to Scale a Marketplace: Lessons from Grubhub & Pinterest - First Round | The PLG Alert | Scoop.it
Marketplace platforms have become a natural part of our routines, yet their paths to product-market fit were anything but smooth. Casey Winters, a growth leader for major platforms like Grubhub and Pinterest, reveals how creating sustainable marketplace success requires a dual focus on generating both supply and demand. He shares insights from his journey at Grubhub, where he expanded the platform from a handful of users in three cities to a network covering over 1,000 cities and more than a million users. Building this scale involved strategies such as a strong SEO foundation, a loyalty program, and a mobile app launch, which helped lay the groundwork for Grubhub's massive growth. Winters later applied these strategies at Pinterest and Eventbrite, highlighting the critical role of adaptability and continuous refinement.
 

Marketplaces face unique challenges because they serve two sets of customers — supply and demand — which often extends the time needed to achieve product-market fit. Winters underscores the importance of selecting scalable markets with abundant suppliers, as diversity in offerings drives customer engagement and keeps users returning to the platform. For example, Grubhub succeeded because of the high frequency and variety of restaurant choices, unlike low-frequency markets such as hair salons. Winters emphasizes that a successful marketplace depends on robust acquisition loops for supply and demand, where strategies like SEO, unique data advantages, or influencer partnerships can help platforms gain traction without relying solely on traditional, costly paid search methods.

 

Winters also advises marketplace founders to pursue non-scalable efforts initially to validate product-market fit, focusing on high standards in supplier quality and engagement to build trust and repeat customers. Platforms need to evolve by increasing supply standards over time and adapting their value propositions to align with shifting customer needs. Expanding too quickly, however, can dilute a marketplace's effectiveness, so Winters suggests focusing on one category or market until the platform dominates it. As marketplaces grow, data sophistication and segmenting user metrics become crucial to track performance accurately across diverse customer types and markets. Winters’s overarching lesson is to remain patient, invest in core product experiences, and prioritize long-term growth over short-term wins.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on creating sustainable supply and demand loops that leverage unique market insights or data advantages to reduce acquisition costs.
  2. Prioritize customer segmentation and data-driven experiments to identify and reinforce key customer behaviors that lead to high retention and repeat use.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 4, 2024 11:08 AM
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Unbeatable Go-to-Market (GTM) Strategy for your AI Product | by Rupali Patil | Oct, 2024

Go-to-Market (GTM) strategies are critical for aligning sales, marketing, product, and customer success teams to ensure a cohesive and impactful product launch. When it comes to AI, the nuances are particularly important due to the complexity and unfamiliarity of AI technology among customers. GTM strategies for AI must address customer data readiness, demystify the technology to build trust, and emphasize the product’s adaptability. They must also educate internal teams on AI terminology and set a pricing model that accounts for inference costs to ensure profitability. Unlike conventional products, successful AI GTM strategies must also clearly communicate metrics like accuracy and inference speed, which are essential for customers to understand the technology’s full value.
 

The journey for an AI product involves a nine-step GTM approach, beginning with identifying the target market and crafting a manifesto tied to larger industry trends. Establishing an Ideal Customer Profile (ICP) and performing competitor analysis enable precise targeting, while tailored pricing and a strong value proposition articulate the product’s distinct benefits. Effective marketing channels help reach decision-makers, while customer success stories validate the AI product’s impact, fostering trust. Lastly, structured sales and marketing processes enhance conversion by clearly showcasing the AI product’s benefits, from lead generation to customer education. This iterative GTM process, based on learning and adaptation, ultimately strengthens AI product adoption and drives sustained growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on educating both customers and internal teams on the unique aspects of AI, emphasizing transparency and trust-building.
  2. Implement a structured, step-by-step GTM process that iterates based on market feedback to refine messaging and value delivery continuously.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.

#PLG #ProductLedGrowth #GTM #GoToMarket

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November 1, 2024 9:51 AM
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Freemium to Fortune 500: How HERE Technologies Grew Their Developer Base 10X - Inturact

Freemium to Fortune 500: How HERE Technologies Grew Their Developer Base 10X - Inturact | The PLG Alert | Scoop.it

HERE Technologies’ shift to a freemium model for its location services APIs brought transformative growth, increasing its developer base from 50,000 to 500,000 in just three years. This change allowed developers immediate access to tools, breaking down previous barriers, but also introduced challenges like scalable support and user attribution. As developer adoption soared, HERE adapted its sales and support infrastructure, building resources like extensive documentation and revamping its sales process to better capture enterprise interest through initial developer engagement.

 

Strategically, HERE learned that freemium requires extensive planning beyond launch, reallocating resources towards community support, content, and developer success rather than traditional sales. Key insights included focusing on developer-centric growth to become embedded within enterprises from the ground up, thereby transforming their GTM strategy to engage developers as the primary user base and enterprise teams as the eventual buyers. Properly executed, freemium acts as a tactic that, when aligned with a larger strategy, can drive rapid, sustainable growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on building scalable support and content resources to facilitate developer engagement.
  2. Integrate bottom-up sales strategies, leveraging developer adoption to support enterprise conversations.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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Scooped by Joemktg
November 1, 2024 9:49 AM
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5 More Interesting Learnings From HubSpot at $2.4 Billion in ARR - SaaStr

5 More Interesting Learnings From HubSpot at $2.4 Billion in ARR - SaaStr | The PLG Alert | Scoop.it

HubSpot’s recent Analyst Day revealed key insights into its growth, particularly in multi-product adoption and customer onboarding. Notably, 75% of HubSpot’s customers are onboarded by partners, showcasing the importance of partner channels. Sales Hub is growing nearly twice as fast as Marketing Hub, indicating HubSpot’s shift to a more comprehensive CRM platform. Furthermore, 71% of customers purchase two or more products, underscoring HubSpot’s success as a multi-product platform. Starter customers now make up 47% of the customer base, while $36K+ ARR customers account for 28%, reflecting balanced growth across SMBs and larger clients.

 

Additionally, per-seat pricing remains a critical driver for expansion, with customers buying three or more products generating an average ACV of $44K—2.7x higher than those purchasing fewer products. HubSpot’s evolution from a single-product to a multi-product platform began at $100M ARR, with subsequent additions like ServiceHub and CMS Hub supporting its expansive CRM strategy. The company’s emphasis on diversified product offerings, customer-centric onboarding, and scalable pricing models has enabled sustained growth across market segments.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Strengthen partner onboarding strategies to support customer success and multi-product adoption.
  2. Prioritize customer journey mapping across all products to improve cross-product upsell potential.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 1, 2024 9:46 AM
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IDC and Sprinklr Unveil New Research on 2025 AI Priorities

IDC and Sprinklr Unveil New Research on 2025 AI Priorities | The PLG Alert | Scoop.it
Sprinklr's research with IDC highlights AI's role in shaping future customer experiences, particularly within marketing and contact center operations. Marketing leaders prioritize efficiencies, with 76% expecting AI-driven dynamic content to enhance personalization, while contact center leaders see 24/7 autonomous service and contextualized engagement as crucial. Despite these goals, both groups identify a lack of skilled employees (44% for marketing, 42% for contact centers) as a significant obstacle, emphasizing the need for AI skills and governance.
 

To transition from experimentation to scalable AI adoption, businesses must address foundational challenges like skill shortages, data quality, and strong AI governance to deliver impactful customer experiences. AI-native platforms like Sprinklr's CCaaS provide a strategic advantage by integrating empathetic, operationally efficient AI-driven solutions to enhance customer satisfaction and business growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Prioritize employee skill development in AI to maximize its impact on customer engagement.
  2. Invest in a unified Voice of Customer program to enhance personalized marketing and CX insights.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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November 1, 2024 9:43 AM
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Using GTM Strategies for Digital Tech Startups: My Guide from Launching 7x Businesses | HackerNoon

Using GTM Strategies for Digital Tech Startups: My Guide from Launching 7x Businesses | HackerNoon | The PLG Alert | Scoop.it

Lead generation remains essential for B2B growth, yet inbound and outbound tactics are evolving, particularly in competitive sectors like SaaS and fintech. Outbound lead generation, historically a dominant method, relied on direct sales and has adapted to digital tactics like social media. Inbound generation, emerging with search engines, emphasizes content-driven strategies like SEO and targeted ads to attract qualified leads. Combining both methods optimizes reach but demands alignment with current market trends, distribution models, and pricing strategies for efficient GTM execution.

 

Go-to-market (GTM) strategies offer a holistic approach beyond simple lead generation, incorporating customer identification, product positioning, and distribution planning. Effective GTM models—whether sales-led, marketing-led, or product-led—aim to secure market entry and growth by aligning product strengths with market needs. Emerging approaches, such as founder-led growth through platforms like LinkedIn, provide cost-effective lead-generation channels that emphasize personal branding. Integrating these approaches into a comprehensive GTM strategy ensures sustainable market impact and scalable business growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Blend inbound and outbound tactics, aligning them with modern GTM models to maximize lead quality and conversion.
  2. Leverage personal branding channels like LinkedIn to establish credibility and enhance founder-led growth.

Let JoeMarketing assist you with your PLG motion. Learn more about our GTM, PLG, and SLG services here, or contact me here.
#PLG #ProductLedGrowth #GTM #GoToMarket

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