The PLG Alert
1.9K views | +0 today
Follow
Your new post is loading...
Scooped by Joemktg
November 1, 2024 9:40 AM
Scoop.it!

How Statsig Grows: The Story, Growth Motion, Product, and Market - Product Growth

How Statsig Grows: The Story, Growth Motion, Product, and Market - Product Growth | The PLG Alert | Scoop.it

Statsig’s founding was inspired by Facebook’s experimentation culture, with CEO Vijaye Raji envisioning a platform to bring similar tools to a wider audience. Starting with a small team, Statsig faced early challenges in user adoption but eventually gained traction when former colleagues recognized the platform’s value. As Statsig evolved, its focus shifted beyond Facebook-inspired tools to meet specific market needs, such as in-market account targeting and direct support for enterprise clients like HelloFresh and OpenAI, propelling Statsig past $25M ARR with thousands of clients.

 

Experimentation and feature flagging became core offerings, soon complemented by product analytics and session replays. Adapting to the shift toward data warehouses, Statsig’s solutions now integrate seamlessly with enterprise data hubs like Snowflake, positioning Statsig as a leader in warehouse-native tools. Key to its success has been building alongside customers, allowing for rapid iteration and expansion of products, earning it the trust of major tech clients and establishing Statsig as a one-stop data platform for digital product development.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on understanding customer pain points to guide product evolution and maintain competitive relevance.
  2. Strengthen partnerships by integrating deeply with customers’ existing data infrastructure for seamless support and expanded service adoption.

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

No comment yet.
Scooped by Joemktg
November 1, 2024 9:36 AM
Scoop.it!

ABM + AI: Rocket Fuel for Your Go-To-Market Strategy - TechTarget

ABM + AI: Rocket Fuel for Your Go-To-Market Strategy - TechTarget | The PLG Alert | Scoop.it
Tip #1: Pair ABM and GenAI with Reliable Data

Using generative AI (GenAI) with ABM is highly effective when combined with reliable data to target relevant accounts accurately. By focusing on in-market accounts and their specific research behaviors, marketing efforts become more precise, minimizing wasted resources on unqualified leads.

Tip #2: Prioritize Buyer Insights for ABM Content Success
High-quality, educational content tailored to buyer insights fosters stronger relationships with target accounts. Leveraging market research and customer feedback can help create content that resonates with buyers, making them more inclined to engage.

Tip #3: Shift from Sales-Focused to Buyer-Focused Approaches
ABM strategies should focus on buyer enablement, emphasizing education over merely moving leads through a funnel. Using tools like IntentMail AI™ allows teams to build trust by personalizing interactions according to the buyer's research journey, supporting a more meaningful buying experience.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Integrate buyer insights into ABM content to enhance engagement and relevance.
  2. Shift focus from lead generation to buyer enablement, prioritizing in-market accounts to improve timing and relevance in outreach.

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

No comment yet.
Scooped by Joemktg
November 1, 2024 9:33 AM
Scoop.it!

Predictions 2025: B2B Marketing and Sales

Predictions 2025: B2B Marketing and Sales | The PLG Alert | Scoop.it
Generational shifts in B2B purchasing are transforming the buying process as Millennials and Gen Z increasingly drive high-value transactions through digital self-service channels. With more than half of B2B deals above $1 million anticipated to be digital by 2025, businesses must shift focus from managing transactions to enhancing digital buying experiences. Key predictions indicate that B2B organizations will struggle with organizational restructuring, with only 12% of marketing leaders confident in their current structure’s revenue potential. Additionally, younger buyers will rely more on external influencers, like social media networks, in decision-making.
 

Despite the rise of generative AI, Forrester warns that many companies may prematurely scale back on AI investments due to impatience with delayed ROI, potentially hindering long-term growth. Leaders are advised to pivot focus toward revenue processes and refining growth strategies to align with new buying behaviors and technology. B2B marketing and sales teams need to adapt rapidly to cater to these digital-native buyers by streamlining digital self-serve interactions, leveraging social influencers, and focusing on sustainable AI integration.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Reassess digital self-service options and buying experiences to meet the preferences of Millennial and Gen Z B2B buyers.
  2. Create influencer engagement strategies that leverage social media and networks to inform purchasing decisions among younger buyers.

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

No comment yet.
Scooped by Joemktg
November 1, 2024 9:29 AM
Scoop.it!

User onboarding for startups: A comprehensive guide - Pendo

User onboarding for startups: A comprehensive guide - Pendo | The PLG Alert | Scoop.it
Effective user onboarding is crucial for startups, as it engages, educates, and retains early users, who shape a product’s long-term success. A smooth onboarding process reduces friction, improves satisfaction, and decreases churn. Key elements include personalized in-app guides, product analytics to monitor engagement and identify issues, and real-time feedback capture for continuous improvement. Successful onboarding should guide users to the "aha" moment where they see immediate value, which for startups helps sustain user retention—typically, only 40% of users remain active after one month.
 

Best practices include tailoring onboarding flows based on user segments, automating processes to scale with growth, and offering flexible content to accommodate different learning preferences. Metrics like onboarding completion rates, time to value, and feature adoption are essential for assessing effectiveness. By focusing on streamlined, engaging onboarding, startups can ensure that users find value early, creating a strong foundation for sustained engagement and growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Segment users to tailor onboarding experiences that lead each user type to a relevant “aha” moment.
  2. Utilize product analytics to track and optimize onboarding completion rates and user engagement with core features.

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

No comment yet.
Scooped by Joemktg
November 1, 2024 9:27 AM
Scoop.it!

Freemium vs Free Trial: Which is Right for You - ProdPad

Freemium vs Free Trial: Which is Right for You - ProdPad | The PLG Alert | Scoop.it
 

Freemium and free trial models each offer distinct benefits and challenges for SaaS businesses, depending on the product and target audience. Freemium allows users ongoing, limited access, aiming to convert them to paid plans by restricting advanced features. This model works well for straightforward B2C products, but companies must strike a balance to avoid giving away too much for free. Free trials, however, offer full product access but for a limited time, often 7-30 days, giving users an immersive experience. This method tends to drive higher conversion rates in products with complex features that benefit from full exposure.

 

Each model suits different types of products and user expectations. For B2B or more intricate products, a free trial might showcase the value better, while freemium suits simpler products with easy-to-grasp benefits. Free trials can come as "opt-in" or "opt-out," impacting conversion and customer experience differently. For companies, choosing the right model hinges on understanding their users’ decision-making patterns and balancing the freedom offered with enticing conversion paths.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Consider whether your product benefits more from prolonged access to limited features (freemium) or full access for a short time (free trial).
  2. Assess the complexity and market of your product to determine if either an opt-in or opt-out free trial model is better suited for optimizing conversion rates.

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

No comment yet.
Scooped by Joemktg
November 1, 2024 9:25 AM
Scoop.it!

Five proven prompt engineering techniques (and a few more advanced tactics) - Lenny's Newsletter

Five proven prompt engineering techniques (and a few more advanced tactics) - Lenny's Newsletter | The PLG Alert | Scoop.it

Creating effective AI prompts, like improving communication skills, leads to better results and more precise responses. Crafting prompts with clear direction allows the AI to deliver output tailored to your needs, rather than generic corporate phrasing. For instance, when writing a product announcement with ChatGPT, simply asking for an attention-grabbing message without style guidance can yield overly enthusiastic results. Techniques like specifying a style or role, such as "in the style of [famous person]," can refine responses, creating outputs aligned with your goals and audience. This approach reflects the versatility of prompt engineering, where adjusting the AI’s perspective can greatly influence its outputs.

 

Prompt engineering tactics such as role-playing, style unbundling, and few-shot learning enhance control over AI outputs, enabling responses suited to different contexts, from technical communication to creative tasks. Role-playing helps produce expert-level advice in specific fields, while style unbundling breaks down an expert’s methods into key characteristics. Few-shot learning offers targeted examples for more accurate responses. Additionally, synthetic bootstrapping generates diverse examples that help train the AI when real data is unavailable, supporting effective persona creation or task generation. These tools demonstrate that thoughtful prompt construction continues to benefit interactions with AI, even as models advance.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Experiment with role-playing and style unbundling in prompts to align AI responses with target personas and brand voice.
  2. Incorporate synthetic bootstrap tactics to generate realistic user personas or feedback quickly, optimizing for nuanced product 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

No comment yet.
Scooped by Joemktg
October 29, 2024 6:55 AM
Scoop.it!

The Convergence of Product and Distribution (GTM) Tech: Revolutionizing SaaS Growth - ThriveStack

The Convergence of Product and Distribution (GTM) Tech: Revolutionizing SaaS Growth - ThriveStack | The PLG Alert | Scoop.it

The convergence of Product and Go-to-Market (GTM) technologies is reshaping the SaaS industry by merging traditionally separate tech stacks, allowing for unified strategies that drive growth and innovation. Previously, Product Engineering, Sales, and Growth teams each maintained distinct tech stacks, necessitating over 25 separate tools to manage the complexities of Product-Led Growth (PLG) activities such as user signups, in-app purchases, and PLG analytics. However, with B2B buyers adopting consumer-like behavior post-2020, the complexity of maintaining disparate tools has grown, highlighting the need for integrated solutions to enhance customer experience, accelerate growth, enable data-driven decisions, and foster team collaboration.

 

As a response, the emergence of consolidated growth stacks, such as ThriveStack, enables seamless functionality across Product Enablement, Sales-Led GTM, and PLG strategies on a single platform. This shift allows SaaS companies to operate more efficiently, bridging gaps between Product and GTM teams to deliver a unified approach to customer engagement and retention. By adopting integrated solutions, SaaS companies can better respond to market changes, optimize decision-making, and foster innovation, positioning themselves competitively for future growth and success.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Evaluate current tech stacks to identify integration opportunities that can simplify and unify PLG and GTM strategies.
  2. Invest in tools that enhance cross-functional collaboration, enabling faster data sharing and a streamlined user journey.

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

No comment yet.
Scooped by Joemktg
October 29, 2024 6:41 AM
Scoop.it!

The Cloud Bubble Lasted About 18 Months. How Long Will the AI Bubble Last? - SaaStr

The Cloud Bubble Lasted About 18 Months. How Long Will the AI Bubble Last? - SaaStr | The PLG Alert | Scoop.it

SaaS and Cloud spending remain robust, projected to reach $300 billion by 2025, but growth is slowing compared to the rapid acceleration during the COVID-19 pandemic, which caused an unprecedented 67% growth rate among Cloud leaders. This spike was primarily driven by the urgent demand for remote work tools, e-commerce, and security solutions. However, as the pandemic eased, spending patterns began to normalize, leading to a slower average growth rate below 20% for public SaaS companies by 2024. This shift in budget allocation was further influenced by AI, as many organizations began diverting funds from traditional IT and SaaS to invest in AI capabilities. Consequently, industries like call centers saw a permanent shift to Cloud-first operations, while others returned to pre-pandemic spending rates.

 

The emergence of AI has sparked a similar surge, with ChatGPT’s launch in November 2022 and Nvidia's growth from early 2024 as key milestones. AI's transformative potential is undeniable, yet the hyper-accelerated investment seen in recent months may also face a natural slowdown as budgets reach elasticity limits. Predictions suggest this “AI bubble” could sustain itself until late 2025 or early 2026, depending on how much budget it continues to draw from IT, services, and headcount allocations. Businesses may be wise to capitalize on current high valuations or M&A offers before AI spending also stabilizes into a more measured growth trajectory.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on agile GTM strategies that account for potential budget reallocations from SaaS and Cloud toward AI.
  2. Monitor market signals and consider early M&A opportunities for AI products to capitalize on current high valuations.

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

No comment yet.
Scooped by Joemktg
October 29, 2024 6:30 AM
Scoop.it!

How To Create Good, Better and Great Go-To-Market Strategy - Forbes

How To Create Good, Better and Great Go-To-Market Strategy - Forbes | The PLG Alert | Scoop.it

In crafting an effective go-to-market strategy, it's essential to understand that what cannot be measured can still be managed, particularly when isolating factors that could lead to lost revenue. Many companies mistakenly abandon valuable tactics, believing they were ineffective without assessing control variations or accurate benchmarks, leading to unreliable data and missed growth opportunities. Implementing intentional tradeoffs, or "Acceptable Mistakes," allows companies to balance speed and precision while advancing goals without compromising integrity. Strategic market insights, achieved through a thorough understanding of customer needs and validated research, serve as the foundation, allowing for differentiation from competitors and preventing flawed assumptions that could weaken decision-making.

 

A go-to-market strategy consists of four core elements: market insights, messaging and positioning, enablement, and launch. Messaging should prioritize audience desires over internal assumptions, aiming for resonance even if it means alienating less relevant personas. Enablement focuses on preparing cross-functional teams to actively support the product by tailoring sessions to specific roles. Finally, an impactful launch should be seen as a "rolling thunder," building anticipation ahead of time and sustaining momentum through iterative engagement post-launch. By prioritizing resources on high-impact elements rather than striving for perfection in every area, companies can create sustained growth and a memorable market presence.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement controlled experiments to yield reliable data for refining go-to-market strategies.
  2. Prioritize the most critical audience segments and tailor messaging to resonate deeply with their specific needs.

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

 

No comment yet.
Scooped by Joemktg
October 29, 2024 6:23 AM
Scoop.it!

How to Use Aha Moments to Drive Onboarding Success - ProductLed

How to Use Aha Moments to Drive Onboarding Success - ProductLed | The PLG Alert | Scoop.it

Identifying and guiding users to the "Aha moment"—the point where they emotionally realize the value of a product—is crucial to successful onboarding and Product-Led Growth (PLG). Distinguishing this from activation, which is the first firsthand experience of a product’s value, the Aha moment can significantly enhance motivation, deepen understanding, and foster brand loyalty. Techniques like personalization, segmenting user goals, and showcasing positive user experiences can create an onboarding flow that resonates with individual user needs. For instance, GrowthMentor and Pipedrive demonstrate effective Aha moments that inspire users by clearly communicating value through visuals or well-placed information on their homepages. Onboarding tools and methods like in-app tooltips, hotspots, and checklists allow new users to discover product features naturally, creating a guided path to their own Aha moment.

 

Continuous improvement through feedback mechanisms and measuring onboarding milestones further ensures users are finding value early. Key metrics, such as user retention, goal completion rates, and engagement with critical features, help to pinpoint areas for improvement in the onboarding journey. Platforms like Mixpanel and Amplitude facilitate tracking and analyzing these aspects, enabling companies to address friction points proactively. Feedback tools, including NPS surveys and in-app chat, allow companies to respond to user needs dynamically, adapting the onboarding process to keep pace with user behaviors. By consistently refining onboarding flows, companies improve user retention and foster long-term engagement, which are foundational to a thriving PLG strategy.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement feedback mechanisms to gather insights and iterate on onboarding flows.
  2. Utilize tracking tools to measure user progress toward the Aha moment and adjust onboarding content based on engagement data.

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

No comment yet.
Scooped by Joemktg
October 29, 2024 6:20 AM
Scoop.it!

9 User Onboarding Strategies | Userpilot Blog

9 User Onboarding Strategies | Userpilot Blog | The PLG Alert | Scoop.it
User onboarding is pivotal to transforming curious newcomers into loyal advocates by crafting a smooth and engaging entry experience. Key strategies to accomplish this include creating personalized onboarding flows based on user segments, leveraging omnichannel engagement for consistent support, and implementing gamification to foster interaction. Personalization can be achieved by surveying new users to tailor onboarding elements, such as walkthroughs, checklists, and tooltips, specific to their roles and needs. By analyzing the behaviors and experiences of power users, companies can recreate their successful paths, helping new users quickly access high-value features. Additionally, maintaining an omnichannel presence ensures seamless communication and a unified user experience across platforms.
 

Incorporating advanced tools, such as A/B testing and in-app analytics, further optimizes onboarding by highlighting what resonates with different user segments and identifying friction points that hinder activation. On-demand support through a resource center, continuous user education via webinars, and strategic feedback collection also contribute to long-term user engagement and satisfaction. With examples like Attention Insight and The Room achieving significant gains in activation rates, companies can harness user insights and real-time data to refine onboarding and cultivate customer loyalty effectively.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement segmented onboarding flows based on user roles to cater to specific needs.
  2. Use analytics and A/B testing to identify and mitigate onboarding friction points effectively.

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

No comment yet.
Scooped by Joemktg
October 29, 2024 6:10 AM
Scoop.it!

How to Build the Perfect Analytics Dashboard (7 Examples) - Amplitude

How to Build the Perfect Analytics Dashboard (7 Examples) - Amplitude | The PLG Alert | Scoop.it
Building an effective analytics dashboard begins with defining clear goals and selecting metrics that align directly with business objectives. A focused dashboard integrates data from multiple sources, such as web analytics, social media metrics, and customer relationship management (CRM) systems, to deliver relevant insights. Choosing only the most pertinent metrics prevents data overload, streamlining the decision-making process and ensuring that users can easily understand and act on the information presented.
 

Data quality is paramount in crafting an impactful dashboard. By validating, cleaning, and consistently formatting data, teams can rely on the insights generated to guide critical decisions. Tools like Amplitude simplify this process by offering built-in data governance features, making it easier to maintain data integrity without manual validation. High-quality, real-time data enables teams to identify trends, track key performance indicators (KPIs), and optimize their strategies based on reliable insights.

 

To maximize the dashboard’s utility, incorporating interactive elements allows users to explore data in greater detail and tailor their view to specific needs. As company goals evolve, regular updates and iterative improvements to the dashboard ensure it remains relevant and valuable for decision-makers. The process of continuous iteration enables teams to stay agile, refine their focus, and make data-driven decisions that propel business growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Establish clear objectives and prioritize metrics that directly impact business goals to create focused dashboards.
  2. Implement interactive elements within dashboards to facilitate deeper data exploration and foster insights that drive user 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

No comment yet.
Scooped by Joemktg
October 28, 2024 8:05 AM
Scoop.it!

Rethinking SEO: Build Products, Not Just Content - GTMnow

Rethinking SEO: Build Products, Not Just Content - GTMnow | The PLG Alert | Scoop.it

Traditional SEO approaches rely heavily on content-first strategies like blogs and articles, but they often miss the mark in terms of driving conversions. Companies like SurveyMonkey and Zapier have demonstrated the effectiveness of shifting from general content to product-led SEO, creating actual products that meet specific user needs. By developing SEO-driven tools such as survey templates or integration pages, these companies attracted high-intent users, leading to increased conversions and market leadership.

 

Rather than solely producing content, businesses should focus on creating products or services tailored to search users' needs. AI can aid in content creation, but it should enhance, not replace, a strategic, user-focused SEO approach. Addressing the user’s intent at different stages of the customer journey and using AI thoughtfully can make a significant impact on SEO outcomes.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Shift focus from creating general content to building SEO-driven products that fulfill user intent.
  2. Use AI tools to optimize content creation but ensure it aligns with a strategic focus on user needs.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 8:00 AM
Scoop.it!

Growth Hacking: The Secret Strategies Behind Super-Fast Business Growth - Virtual Social Media

Growth Hacking: The Secret Strategies Behind Super-Fast Business Growth - Virtual Social Media | The PLG Alert | Scoop.it

Growth hacking, exemplified by companies like Airbnb and Dropbox, combines creativity, data, and rapid experimentation to drive significant growth without heavy spending. This strategy focuses on quick, scalable solutions such as Airbnb's Craigslist integration or Dropbox's referral program, which helped them expand rapidly. Growth hacking relies on five core metrics: acquisition, activation, retention, referral, and revenue (AARRR), and thrives by testing ideas through data-driven decisions, focusing on creative marketing approaches, product virality, and continuous improvement.

 

To succeed in growth hacking, one must set clear goals, run small experiments, analyze results, and prioritize learning from both failures and successes. Tools such as Google Analytics, Optimizely, and HubSpot help growth hackers optimize their strategies. Moreover, avoiding common pitfalls—such as rushing decisions and focusing on vanity metrics—is crucial for long-term success. Growth hackers who embrace this iterative process and adapt to new technologies like AI will remain competitive in the ever-evolving growth landscape.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement data-driven A/B tests on referral and sharing systems to boost user engagement and growth.
  2. Use analytics tools to continuously measure, adjust, and optimize key performance metrics (AARRR).

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

No comment yet.
Scooped by Joemktg
October 28, 2024 6:27 AM
Scoop.it!

Connecting for growth: A makeover for your marketing operating model | McKinsey

The consumer-packaged-goods (CPG) and retail industries are navigating a period focused on growth and value amidst significant challenges like slowing population growth and fragmented consumer attention. To thrive, companies must pursue a dual agenda, as highlighted by McKinsey: discovering new growth opportunities through portfolio management while enhancing organizational capabilities. Marketing leaders, particularly CMOs, are central to this shift, tasked with building brands and delivering growth efficiently despite rising pressures. Their remit now extends beyond traditional marketing to include generative AI, innovation, and sales, reflecting the evolving complexity of the role.

 

A survey of over 100 C-level executives in consumer and retail industries shows that while marketing leaders recognize the capabilities needed to drive growth, there are significant gaps in execution, particularly in areas like ecosystem development, marketing performance, and generative AI strategy. Only a minority believe their organizations have fit-for-purpose operating models to support their growth ambitions. This disconnect between strategic priorities and operational maturity poses a major challenge as leaders seek to close these gaps to build future-proof organizations capable of achieving ambitious growth agendas.

 

To overcome these challenges, CMOs need to redefine their marketing operating models, integrating stronger structures, clear processes, and improved capabilities. A modern model should unify the diverse responsibilities of marketing leaders, ranging from brand management to cutting-edge tech initiatives, and align them with organizational goals. As demands on CMOs increase, they must focus on connecting teams through cross-functional collaboration, adopting agile governance, and scaling expertise in key growth drivers like generative AI and data-driven marketing.

 

Finally, successful marketing organizations leverage strong partnerships and creative excellence to fuel their growth. Strategic collaboration with external partners, such as agencies and technology providers, is crucial for achieving marketing excellence. Marketers must also embrace generative AI and real-time data to boost efficiency and scale their efforts, while fostering a culture that encourages innovation and agility. By implementing a robust, flexible operating model and investing in both internal and external capabilities, marketing leaders can guide their organizations toward sustainable growth.

Joemktg's insight:

Action Items for the Marketer:

  1. Reassess your marketing operating model to ensure it supports cross-functional collaboration and agility in scaling growth capabilities.
  2. Prioritize investment in generative AI and data-driven marketing to bridge the gap between strategic priorities and operational execution.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 6:17 AM
Scoop.it!

6 Of The Most Common Mistakes Entrepreneurs Make Pitching VCs - SaaStr

A few top mistakes founders make:

#1. Not making cold email truly great. Don’t ask to pick someone’s brain, or coffee. Make the cold email so great, you’d want to invest based on just it alone.

#2. Not researching a VC enough. Is this the type of investments they do? They right stage? Etc.

#3. Hiding anything. VCs don’t expect investments to be perfect. But they are spooked by surprises. Don’t hide the bad stuff. Instead, just share it, and explain how you’re addressing it.

#4. Claiming you have no competition. Everyone does, at least for budget. This makes you look less than savvy about your market.

#5. Not having a great CTO. It’s just too competitive today. No one wants to fund a “great business guy” without an A+ CTO there as well.

#6. Not growing quickly enough. VCs can only invest in folks that can hit $100m+ in revenue or more in 7–10 years. If you’re not even close to that pace, 99% of VCs won’t invest.
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

No comment yet.
Scooped by Joemktg
October 28, 2024 6:14 AM
Scoop.it!

Supporting Marketing to Go Deeper With Data - Amplitude

Supporting Marketing to Go Deeper With Data - Amplitude | The PLG Alert | Scoop.it

To become truly customer-focused, companies must develop a robust data-driven culture. While many businesses claim to be "customer-first," they often fall short due to a lack of actionable data insights. The key to solving this issue is leveraging the right tools, such as Amplitude, which helps gather and analyze customer behavior. When Mysa, a smart thermostat company, implemented Amplitude, they saw significant improvements in how their marketing teams addressed customer needs. Despite the initial challenges in integrating the tool with their existing tech stack, Amplitude’s ease of use and comprehensive documentation helped accelerate adoption. This shift allowed Mysa’s marketing team to track customer journeys and improve campaigns, leading to more prospects completing the sales funnel.

 

The real transformation, however, comes from fostering a data-first mentality across all teams. It's not just about adding new tools but also ensuring employees understand the value of data in shaping business decisions. Amplitude enabled Mysa to close the gap between ecommerce insights and broader product ecosystems, but this success required a mindset shift. By establishing KPIs and fostering individual ownership of data metrics, teams began to rely more heavily on data to guide their strategies. Live workshops, hands-on training, and continuous education, such as Loom videos and taxonomy sheets, helped marketers navigate Amplitude’s features and ask the right questions, leading to more data-driven decisions and more effective marketing campaigns.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Implement data-driven workshops to help marketing teams fully leverage tools like Amplitude and create hands-on training experiences.
  2. Encourage individual ownership of KPIs to foster a deeper connection with data insights and increase engagement with data-driven tools.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 6:04 AM
Scoop.it!

The Rise and Fall of Toplyne: Lessons from a SaaS Startup's Journey - Jumpstart

The Rise and Fall of Toplyne: Lessons from a SaaS Startup's Journey - Jumpstart | The PLG Alert | Scoop.it

Toplyne, a Bengaluru-based product-led growth (PLG) startup, initially achieved significant success by leveraging AI-driven data analytics to convert freemium users into paying customers. Founded in 2021, Toplyne attracted notable clients like Canva and raised $15 million in funding from prominent investors, including Tiger Global and Sequoia Capital India. Its early triumphs were fueled by a strong product-led strategy, experienced leadership, and significant early-stage capital, which propelled the company’s valuation to $80 million in just over a year. However, despite these accomplishments, Toplyne struggled to maintain its growth trajectory, ultimately facing product-market misalignment and heightened competition from larger players like HubSpot and Segment.

 

The downfall of Toplyne highlights critical lessons for startups navigating the SaaS landscape. A lack of scalability, leadership turmoil, and failure to adapt to market demands significantly hindered the company's ability to grow beyond its initial success. Leadership disagreements led to internal instability, and as competitors overtook its product offerings, Toplyne’s early momentum unraveled. These challenges underscore the importance of differentiating from competitors, maintaining stable leadership, and sustaining a customer-centric approach to ensure long-term survival in a fast-evolving market.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on ensuring scalability by aligning your product with the demands of an expanding customer base and anticipating growth challenges.
  2. Prioritize strong, unified leadership and maintain continuous product innovation to stay ahead of competitors.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 6:00 AM
Scoop.it!

The State of SaaS Go-to-Market with Theory Ventures - SaaStr

The State of SaaS Go-to-Market with Theory Ventures - SaaStr | The PLG Alert | Scoop.it

Marc Benioff and Mark Roberge revolutionized the sales playbook, but today’s software landscape, particularly with AI, requires adapting to new challenges. A recent Go-To-Market survey by Theory Ventures revealed that despite founders’ optimism increasing, sales cycles have lengthened, especially in the mid-market due to CFO budget constraints. Moreover, AI's impact on sales conversion and ARR growth remains minimal, though there's growing interest in hybrid pricing models, which are driving a significant improvement in net dollar retention, especially with a 3x growth for usage-based pricing.

 

The data shows that sales cycles, payback periods, and sales quotas are increasing in step. However, despite the buzz around AI, it hasn't significantly impacted conversion rates or overall revenue growth. Instead, founders are encouraged to focus on more traditional strategies like refining their pricing models to include usage-based components, which have proven to boost retention and revenue.

 

Here are the 10 observations from the Go-To-Market survey:

  1. Founders are more positive despite challenges.
  2. Sales cycles are getting longer, especially in mid-market.
  3. Payback periods and quotas have increased.
  4. Buyer scrutiny has intensified, increasing sales-qualified conversions.
  5. AI hasn’t impacted conversion rates significantly.
  6. AI has no noticeable effect on ARR growth.
  7. Efficiency gains from AI are perceived but not measurable.
  8. Hybrid pricing models drive 3x net dollar retention.
  9. Founders should focus on adjusting pricing models.
  10. AI adoption still faces challenges in optimizing sales conversion.
Joemktg's insight:

Action Items for the Growth Marketer:

  1. Focus on refining hybrid pricing models for increased retention and revenue growth.
  2. Continue exploring AI for pipeline generation but remain cautious with expectations regarding conversion rate improvements.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 5:52 AM
Scoop.it!

Measuring Product-Led Growth: The Metrics That Matter & How To Use Them - The Product Manager

Measuring Product-Led Growth: The Metrics That Matter & How To Use Them - The Product Manager | The PLG Alert | Scoop.it

Product-led growth (PLG) is an effective strategy for SaaS companies, emphasizing data-driven decisions to acquire and retain customers sustainably. By allowing users to experience a product's core value through free trials or freemium models, companies can reduce customer acquisition costs (CAC) and rely less on traditional marketing. Metrics such as Time to Value (TTV) and feature adoption rates are critical in ensuring smooth activation and habit formation, which lead users from initial engagement to becoming paying customers.

 

Monitoring activation metrics like the “AHA! Moment,” where users realize a product’s value, helps companies optimize their onboarding processes. Additionally, tracking retention and churn rates provides insights into long-term customer engagement, essential for maintaining sustainable growth. Engagement metrics like the Habit Moment and growth loops, such as virality and Net Promoter Score (NPS), further enhance user-driven referrals and organic growth, helping companies achieve compounding growth without excessive marketing investment.

 

While quantitative metrics like CLV and churn are crucial, companies must balance data with intuition when making decisions. Financial metrics like Average Revenue Per User (ARPU) and Net Revenue Churn help SaaS companies evaluate profitability and plan long-term growth. Ultimately, successful PLG strategies combine data insights with instinct, ensuring companies optimize both product experience and customer acquisition.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Track Time to Value (TTV) and feature adoption rates to optimize product activation and increase conversions.
  2. Analyze retention and churn metrics to improve user engagement and reduce customer abandonment.

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

No comment yet.
Scooped by Joemktg
October 28, 2024 5:47 AM
Scoop.it!

Product & UX Glossary - NN Group

Product & UX Glossary - NN Group | The PLG Alert | Scoop.it

Understanding product management and UX terminology is essential for professionals to engage in strategic discussions effectively. The glossary includes vital concepts like Customer Lifetime Value (CLV), Blue-Ocean Strategy, and Continuous Delivery, which aid in describing product development processes and business strategies. Aligning language between UX and product teams enhances communication and collaboration, ensuring smoother workflows and better decision-making.

 

Product management frameworks such as Minimum Viable Product (MVP) and Jobs to Be Done (JTBD) are critical in building successful products. These concepts help teams focus on meaningful user outcomes, reducing inefficiencies like feature creep and UX debt. By mastering these terms, professionals can optimize their product strategies and improve overall user satisfaction.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Use the product management frameworks (MVP, JTBD) to streamline product decisions and reduce inefficiencies.
  2. Leverage the glossary’s strategic terms, such as CLV, to align team goals and focus on user-centered 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

No comment yet.
Scooped by Joemktg
October 25, 2024 7:02 AM
Scoop.it!

Technology for Trends 2025: Gartner Top 10 Strategic Technology Trends - Gartner

Gartner's 2025 strategic technology trends are organized across three themes: AI imperatives and risks, new frontiers of computing, and human-machine synergy. AI trends include agentic AI for automating decision-making, AI governance for managing ethics and performance, and disinformation security for building trust. New computing trends like post-quantum cryptography, ambient invisible intelligence, energy-efficient computing, and hybrid computing aim to address data security, sustainability, and computational challenges. These innovations present opportunities and obstacles, from requiring new infrastructure to managing privacy concerns and complex system integrations.

 

Agentic AI refers to artificial intelligence systems capable of autonomous decision-making, where the AI plans and takes actions based on goals set by the user. Unlike traditional automation, agentic AI does not require constant human intervention and can independently assess situations to execute tasks. It acts as a virtual agent, augmenting human efforts by offloading repetitive or complex activities, thus boosting productivity and efficiency. However, to prevent unintended consequences, it requires robust guidelines to ensure its decisions align with the desired ethical and operational standards.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Evaluate integrating agentic AI to automate repetitive tasks and improve team efficiency.
  2. Adopt energy-efficient computing practices to align with sustainability goals and reduce operational costs.

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

No comment yet.
Scooped by Joemktg
October 25, 2024 6:54 AM
Scoop.it!

Landbase Raises $12.5M to Automate Go-To-Market - AdTech Daily

Landbase Raises $12.5M to Automate Go-To-Market - AdTech Daily | The PLG Alert | Scoop.it

Landbase, an agentic AI platform for go-to-market (GTM) strategy, recently emerged from stealth mode, raising $12.5M in seed funding. The platform uses a proprietary AI suite called GTM-1 Omni to automate and optimize GTM workflows, leveraging a unique "Reinforcement Learning with Human and Performance Feedback" methodology to enhance decision-making. Early adopters have reported a 7x higher lead conversion rate and a 70% reduction in time spent per lead. Landbase aims to unify sales and marketing efforts by breaking down silos and improving efficiency for B2B organizations.

 

The platform's founding team includes experienced professionals from AppDirect, OysterHR, Carta, and Everstring, emphasizing a strong foundation in both AI and business scalability. Landbase is set to release tools like the GTM Trust Score to help businesses evaluate and enhance brand performance. With its focus on AI-driven, omnichannel GTM automation, Landbase is poised to set a new benchmark for SaaS tools in the market, offering significant time savings and performance improvements.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Explore integrating AI tools that offer reinforcement learning to improve lead conversion rates and reduce time spent per lead.
  2. Utilize data-driven insights from tools like the GTM Trust Score to enhance brand performance and streamline marketing strategies.

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

No comment yet.
Scooped by Joemktg
October 25, 2024 6:52 AM
Scoop.it!

Building a Strong Go-To-Market (GTM) Strategy: Team Structure, Objectives, and Execution | by Mounir Boukallit 🛡️ | Oct, 2024

A successful go-to-market (GTM) strategy depends on building the right team, defining objectives, and fostering an effective work environment. The core GTM team includes roles like the Product Marketer, who leads marketing efforts, and the GTM Manager, who coordinates between teams to streamline execution. Supporting teams include marketing, sales, and product development, each crucial for creating awareness, converting leads, and ensuring product-market readiness. Establishing clear metrics such as customer acquisition cost (CAC), lifetime value (LTV), and recurring revenue (MRR) ensures alignment towards shared goals.

 

Creating an environment that fosters productivity is just as important as assembling the GTM team. Effective communication channels like Slack or Microsoft Teams help align efforts across departments, while project management tools like Wrike or Asana keep the team organized and track progress towards milestones. Setting specific, measurable objectives—such as revenue targets or customer acquisition goals—provides a clear roadmap and ensures all members are working towards a unified vision. The GTM team's collaborative approach lays the foundation for a successful product launch and long-term market growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Set clear, measurable GTM objectives that align with business goals and define success metrics like CAC and LTV.
  2. Establish effective communication channels and use project management tools to ensure team alignment and efficiency.

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

No comment yet.
Scooped by Joemktg
October 25, 2024 6:46 AM
Scoop.it!

Launches First and Only GTM Enablement Platform - Highspot

Launches First and Only GTM Enablement Platform - Highspot | The PLG Alert | Scoop.it

Highspot's Fall '24 release introduces significant features to enhance GTM productivity, focusing on unifying enablement activities across sales, marketing, and customer success teams. The new Initiative Scorecard ties GTM activities to business outcomes, allowing real-time insights into execution. Highspot Copilot, the generative AI assistant, now offers always-on coaching, skill assessments, and learning reinforcement to improve the sales process. The release also includes deeper AI and CRM integrations with Microsoft and Salesforce, enriching sales workflows and enabling personalized, data-driven content creation at scale.

 

Highspot’s advancements are further supported by their community efforts, notably Spark 24, an event aimed at driving predictable revenue growth through shared GTM insights. This year's Spark Community event will feature experts from major companies like AWS, Microsoft, Salesforce, and more, with over 50,000 members actively engaged in courses offered by Highspot University. The release and community engagement both aim to break down silos between GTM teams, boosting productivity and efficiency in achieving predictable growth.

Joemktg's insight:

Action Items for the Growth Marketer:

  1. Utilize AI-driven coaching tools to reinforce learning and boost team performance throughout the sales process.
  2. Leverage the Initiative Scorecard to connect enablement activities directly to business metrics, optimizing GTM strategies effectively.

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

No comment yet.