GTM Best Practices

professional profile

January 24, 2023

by a professional from Babson College - F.W. Olin Graduate School in Boston, MA, USA

Go-to-market (GTM) strategies refer to the plans and tactics a company uses to bring a new product or service to market and gain customers. Here are some best practices for a successful GTM strategy:

Understand your target market: Conduct market research to identify your target customers and their needs. Position your product: Develop a unique value proposition that differentiates your product from competitors. Create a sales and marketing plan: Develop a plan that outlines how you will reach and acquire customers, including tactics such as advertising, promotions, and partnerships. Build a strong team: Assemble a team of experts in sales, marketing, and product development to execute your GTM strategy. Test and iterate: Continuously test and refine your GTM strategy based on feedback from customers and market conditions. Measure and track progress: Establish key performance indicators (KPIs) to measure the success of your GTM efforts and make data-driven adjustments as redacted

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from INSEAD in Connecticut, USA
Sensible tips - thanks for sharing. My two cents on additional practices includes: establish an operating rhythm - such as weekly sales pipeline calls - to hold people accountable and to deliver on your plan and KPIs - maybe already baked into your "measure and track progress".....
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