Uploaded on Aug 11, 2023
The “go-to-market strategy and execution plan” is where we approach and strategize for releasing a product or service to the market.
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GO-TO-MARKET
The “go-to-market strategy and execution plan” is
where we approach and strategize for releasing a
product or service to the market.
Go-to-market (GTM) describes all aspects of the preparation and execution of
bringing a product or service to market, including but not limited to product
market fit design, pricing, distribution channels, marketing, and sales. The
purpose is to effectively communicate with potential buyers and boost sales.
An effective go-to-market strategy ensures a well-planned and coordinated launch
of a product or service. It helps businesses get in touch with their ideal customers,
spread brand recognition, increase revenue, and stand out from the competition.
Organizations that have carefully planned their go-to-market strategy have website development services for
successfully launching and selling their products or services to their intended audiences.
✶ Having your own in-house sales force sell products and services to end users.
✶ Working together with resellers or distributors to expand your market.
✶ Incorporating digital advertising and lead generation into a business's overall
strategy.
✶ Providing a free base version of the product with optional paid upgrades.
✶ Cooperating with similar companies to increase visibility and gain access to
new markets.
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