A go-to-market (GTM) strategy is the way in which a company brings a product or service to market.
No matter how good your idea is, you need a go-to-market strategy.
Because statistically speaking, your business is more likely to fail than succeed.
In fact, if you’re a startup, your chance of failure is a dreary 90%. That’s not to say that your idea isn’t a brilliant one, or that you haven’t got what it takes to bring it to market.
Startups fail for different reasons. Perhaps the market is already awash with companies offering the same solution as yours, or the market isn’t mature enough to welcome your product. Or, maybe the cost of developing and launching your product is so steep that it’s unprofitable.
If successful, a go-to-market strategy will be your salvation and prevent you from failure. The question is, how do you develop a winning strategy? Which factors should you consider?
I asked our VP of Marketing Bryan Sise these very questions. Through the course of his career at companies like Twilio, SendGrid, Twitter, Dynamic Signal, and now Process Street, Bryan has noticed what contributes to GTM success.
In this post I’ll share with you what he has to say. I’ll cover what a go-to-market strategy is, types of go-to-market strategies, the key steps to building a successful go-to-market strategy, and what GTM strategies we use here at Process Street.
- What is a go-to-market strategy?
- 6 factors to consider when building a go-to-market strategy
- Types of go-to-market strategies
- Key steps to building a successful go-to-market strategy
- Go-to-market strategies at Process Street
Let’s get strategizing. 🚀