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Is Your SaaS Go-to-Market Strategy Tsunami-Proof?

ConversionXL

Tidal Wave 1: Buyers now prefer to self-educate. Three out of every four B2B buyers would rather self-educate than learn about a product from a sales representative, according to Forrester. To put your SaaS in the best position to win, you need to pick a go-to-market strategy that will place your SaaS on high ground.

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10 Things in Marketing that Change as You Scale: Lessons from Dropbox, Klaviyo, Lightspeed Commerce with Kady Srinivasan, CMO of Lightspeed Commerce

SaaStr

At this stage, your marketing team should be laser-focused on finding out what resonates with your ICP: what are their needs are, how to serve this market, how to differentiate yourself vs competition. Once you reach momentum and hit a tipping point with market share, it creates a machine of its own.

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Acquiring 10,000 SMB Customers Solely from Data with Gorgias CEO Romain Lapeyre (Pod 527 + Video)

SaaStr

Within each segment, they split up buckets of data in the following categories: Companies, Deal Creation, Close Rate, ACV, Market Share (which measures Gorias customer vs. competitor market share) and NRR. These moments could be things like writing a positive review or completing a customer education course.

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How to Model Your Marketing Against the Product Lifecycle

ConversionXL

This stage is used to determine the viability of your product and confirm when it should go to market. Like Apple, your strategy will require significant marketing investment in content, traditional media, and PR. You can focus on reaching a small target market via outbound sales teams and strong educational content.

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CXL Live 2022 Recap: Main Takeaways From 6 World-Class Marketers

ConversionXL

Salesforce, for example, increased its revenue market share to 18.4% This is when the ‘double jeopardy law’ comes into play : the larger the market share, the more users and loyalty a brand will have. A marketing strategy should include a go-to-market plan that is sales-led and product assisted.

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Brand Marketing vs. Product Marketing: What’s the Difference and Which Should You Invest In?

ConversionXL

It partners with sales to close more revenue, informs product teams to deliver better products, and in some cases, co-owns demand generation activities with marketing teams. They use product marketing techniques to target and educate their customers. Product marketing: Drive brand alignment. Image source.

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Differentiation Strategy (and the Sea of Sameness)

ConversionXL

Often, they go for the obvious—stuff like “easy-to-use” email marketing. But if you go to market with this message, you’ll go nowhere. That means that being just a little bit different is not good enough (at least not when you’re trying to increase awareness and gain market share).