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Hey Marketers! Ready to launch a new product but not sure how to hit the market? Your GTM strategy and media mix need to be as unique as your product. Here’s how to choose and execute the right strategy for your brand.
Why Tailor Your GTM Strategy?
- Unique Products Need Unique Approaches: What works for one might not work for another. Customize to capitalize.
- Market Dynamics Vary: Different markets respond differently. Adapt your strategy to fit the landscape.
Who Should Customize Their GTM?
- Startups Entering Competitive Markets: Need a standout strategy in a crowded space? This is for you.
- Brands Launching Innovative Products: If you're breaking new ground, your approach should be groundbreaking too.
How to Select Your GTM Strategy?
1. Buy Your Way Into the Market:
- Use When: You have the budget and want quick market share.
- How: Invest heavily in ads across multiple channels to maximize reach and visibility.
2. Go Niche:
- Use When: You have a specialized product for a specific audience.
- How: Focus on targeted media channels that speak directly to your niche market. Think specialized blogs, forums, and influencers.
3. Build Your Own Category:
- Use When: You’re introducing a revolutionary product.
- How: Educate the market through content marketing, partnerships, and thought leadership. Create and dominate a new category.
4. Become a Complementary Player:
- Use When: Your product enhances or depends on existing solutions.
- How: Align your media efforts to complement those of established players. Use co-marketing strategies and highlight how your product adds value to what’s already out there.
Checklist to Define Your Media Mix:
- Understand Your Audience: Who are they? Where do they hang out online? Tailor your media mix accordingly.
- Set Clear Objectives: What’s your primary goal? Awareness, education, conversion? Choose channels that align with these goals.
- Measure and Adjust: Track performance across different channels and adjust your strategy based on what’s working.
Why This Approach Rocks:
- Custom Fit: Like a tailored suit, a customized GTM strategy fits your product perfectly.
- Efficient Spend: By targeting your efforts, you spend smarter.
- Better Engagement: Tailored messages resonate more, driving higher engagement and conversion.
Wrap-Up: Ready to Roll Out?
Your product deserves a GTM strategy that’s as innovative and unique as it is. Getting your media mix right is key to your success.
By Alla Elfimova
Director of Marketing. Ex-Publicis, Ex-Millward Brown. 10+ years of experience in Retail, Technology, Telecom, Media & Entertainment industry verticals, driving growth for the brands like Samsung, Verizon, Kohl’s, Twitter and Coca-Cola.