- A weak or poorly defined Go-to-Market strategy is often the root cause of slow product revenue growth or missed product revenue targets.
- Many agile-driven product teams rush to release, skipping key GTM steps leaving Sales and Marketing misaligned and not ready to fully monetize precious product investments.
- Guessing at buyer persona and journey or competitive SWOT analyses 鈥 two key deliverables of an effective GTM strategy 鈥 cause poor marketing and sales outcomes.
- Without the sales and product-aligned business case for launch called for in a successful GTM strategy, companies see low buyer adoption, wasted sales and marketing investments, and a failure to claim product and launch campaign success.
Our Advice
Critical Insight
- Having an updated and compelling Go-to-Market strategy is a critical capability 鈥 as important as financial strategy, sales operations, and even corporate business development, given its huge impact on the many drivers of sustainable growth.
- Establishing alignment through the GTM process builds long-term operational strength.
- With a sound GTM strategy, marketers give themselves a 50% greater chance of product launch success.
Impact and Result
- Align stakeholders on a common vision and execution plan prior to the 91制片厂 and Launch phases.
- 91制片厂 a foundation of buyer and competitive understanding to drive a successful product hypothesis, then validate with buyers.
- Deliver a team-aligned launch plan that enables launch readiness and outlines commercial success.
91制片厂 a More Effective Go-to-Market Strategy
Maximize GTM success through deeper market and buyer understanding and competitive differentiation and launch team readiness that delivers target revenues.
Table of Contents
Section | Title |
1 | Executive Brief
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2 | 91制片厂 baseline market, buyer, and competitive insights
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3 | Design initial product and business case
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4 | Align stakeholder plans to prep for build
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Executive Brief
Analyst Perspective
Go-to-Market Strategy.
A successful go-to-market (GTM) strategy aligns marketing, product, sales and customer success, sees decision making based on deep buyer understanding, and tests many basic assumptions often overlooked in today鈥檚 agile-driven product development/management environment.
The disciplines you build using our methodology will not only support your team鈥檚 effort building and launching more successful products, but also can be modified for use in other strategic initiatives such as branding, M&A integration, expanding into new markets, and other initiatives that require a cross-functional and multidisciplined process.
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Jeff Golterman
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Executive Summary
An ineffective go-to-market strategy is often a root cause of:
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Hurdles to go-to-market success include:
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Apply SoftwareReviews approach for greater GTM success.
Our blueprint is designed to help you:
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SoftwareReviews Insight
Creating a compelling go-to-market strategy, and keeping it current, is a critical software company function 鈥 as important as financial strategy, sales operations, and even corporate business development 鈥 given its huge impact on the many drivers of sustainable growth.
Go-to-Market Strategy Critical Success Factors
Your GTM Strategy is where a multi-disciplined team builds a strong foundation for overall product plan, build, launch, and manage success
A GTM Strategy is not all art and not all science but requires both. Software leaders will establish a set of core capabilities upon which they will plan, build, launch and manage product success. Executives, when resourcing their GTM strategies, will begin with:
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SoftwareReviews Advisory Insight:
Marketers who get GTM Strategy 鈥渞ight鈥 give themselves a 50% greater chance of 91制片厂 and Launch success.
Go-to-Market Success is Challenging
Getting GTM right is like winning an Olympic first-place crew finish. It takes teamwork, practice, and well-functioning tools and equipment.
- The goal of any Go-to-Marketing Strategy is not only to do it right once, but to do it over and over consistently.
- A lack of GTM consistency often results in decelerating growth, and a weak GTM Strategy is likely the root cause when companies observe any of the following challenges:
- Product opportunity is unclear and well-defined business cases are lacking
- Buyer adoption slows of new features and launch revenue targets are missed
- Sales and marketing are not ready when development releases new features
- Sales win/loss ratios drop as customers tell us products are not competitively differentiated
- Loss of executive support for new product investments
- A company experiencing any one of these symptoms will find a remedy in plugging gaps in the way they Go-to-Market.
鈥淔iguring out a Go-to-Market approach is no trivial exercise 鈥 it separates the companies that will be successful and sustainable from those that won鈥檛.鈥 (Harvard Business Review)
Slowing growth may be due to missing GTM Strategy essentials
Marketers 鈥 Large and Small 鈥 will further test their GTM Strategy strength by asking 鈥淎re we missing any of the following?鈥
- Product, Marketing, and Sales Alignment
- Buyer personas and journeys
- Product market opportunity size
- Competitively differentiated product hypothesis
- Buyer validated commercial concept
- Sales revenue plan and program cost budget
- Compelling business case for build and launch
SoftwareReviews Advisory Insight:
Marketers will go through the GTM Strategy process together across all disciplines at least once in order to establish a consistent process, make key foundational decisions (e.g. tech stack, channel strategy, pricing structure, etc.), and assess strengths and weaknesses to be addressed. Future releases to existing products don鈥檛 need to be re-thought but instead check-listed against prior foundational decisions.
Is Your GTM Strategy Led and Staffed Properly?
Benefits of a more effective go-to-market strategy
Our research shows a more effective GTM Strategy delivers key benefits, including:
SoftwareReviews Advisory Insight:
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鈥淕o-to-Market Strategies aren鈥檛 just for new products or services, they can also be used for:
And while each GTM strategy is unique, there are a series of steps that every product marketer should follow.鈥 (Product Marketing Alliance) |
Is your GTM Strategy optimized?
Marketers, in order to optimize a go-to-market strategy, will:
- Self assess for symptoms of a sub-optimized approach.
- Align marketing, sales, product, and customer success with a common vision and execution plan.
- Diagnose for missing steps.
- Ensure creation of key deliverables.
- And then be able to reap the rewards.
Who benefits from an optimized go-to-market strategy?
This research is designed for:
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This research will help you:
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This research will also assist:
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This research will help them:
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SoftwareReviews鈥 Approach
1 |
91制片厂 baseline market, buyer, and competitive insights
Sizing your opportunity, building deep buyer understanding, competitive differentiation, and routes to market are fundamental first steps. |
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Design initial product and business case
Validate positioning and messaging against brand, develop packaging and pricing, and develop digital approach, launch campaign approach and supporting budgets across all areas. |
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3 |
Align stakeholder plans to prep for build
Rationalize product release and concept to sales/financial plan and further develop customer success, PR/AR, MarTech, and analytics/metrics plans. |
Our methodology provides a step-by-step approach to build a more effective go-to-market strategy
1.91制片厂 baseline market, buyer, and competitive insights | 2. Design initial product and business case | 3. Align stakeholder plans to prep for build | |
Phase Steps |
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Phase Outcomes |
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Insight summary
Your go-to-market strategy ability is a strategic asset
Having an updated and compelling go-to-market strategy is a critical capability 鈥 as important as financial strategy, sales operations, and even corporate business development 鈥 given its huge impact on the many drivers of sustainable growth.
91制片厂 the GTM Steering Committee into a strategic decision-making body
Many marketers experiencing the value of the GTM Steering Committee extend its use into a 鈥淧roduct and Pricing Council鈥 (PPC) in order to move product-related decision making from ad-hoc to structured, and to reinforce GTM Strategy guardrails and best practices across the company.
A strong MarTech apps and analytics stack differentiates GTM leaders from laggards
Marketers that collaborate closely with Marketing Ops., Sales Ops., and IT early in the process of a go-to-market strategy will be best able to assess whether current website/digital, marketing applications, CRM/sales automation apps, and tools can support the complete Go-to-Market process effectively.
Establishing alignment through the GTM process builds long term operational strength
Marketers will go through the GTM Strategy process together across all disciplines at least once in order to establish a consistent process, make key foundational decisions (e.g. tech stack, channel strategy, pricing structure, etc.), and assess strengths and weaknesses to be addressed.
91制片厂 speed and agility
Future releases to existing products don鈥檛 need be re-thought but instead check-listed against prior foundational decisions.
GTM Strategy builds launch success
Marketers who get GTM Strategy 鈥渞ight鈥 give themselves a 50% greater chance of build and launch success.
Blueprint deliverables
Each step of this blueprint is accompanied by supporting deliverables to help you accomplish your goals:
Key deliverable:
Go-to-Market Strategy Presentation TemplateCapture key findings for your GTM Strategy within the Go-to-Market Strategy Presentation Template.
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Go-to-Market Strategy RACI and Launch Checklist WorkbookIncludes a RACI model and launch checklist that helps scope your working team鈥檚 roles and responsibilities. |
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Go-to-Market Strategy Cost Budget and Revenue Forecast WorkbookCapture launch incremental costs that, when weighed against the forecasted revenue, illustrate gross margins as a crucial part of the business case. |
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Product Market Opportunity SizingWhile not a deliverable of this blueprint per se, the Product Market Opportunity blueprint is required. |
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This blueprint calls for downloading the following additional blueprint: | ||
Buyer Persona and Journey blueprintWhile not a deliverable of this blueprint per se, the Buyer Persona and Journey blueprint is required |
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Info-Tech offers various levels of support to best suit your needs
DIY Toolkit |
Guided Implementation |
Workshop |
Consulting |
"Our team has already made this critical project a priority, and we have the time and capability, but some guidance along the way would be helpful." | "Our team knows that we need to fix a process, but we need assistance to determine where to focus. Some check-ins along the way would help keep us on track." | "We need to hit the ground running and get this project kicked off immediately. Our team has the ability to take this over once we get a framework and strategy in place." | "Our team does not have the time or the knowledge to take this project on. We need assistance through the entirety of this project." |
Included within advisory membership | Optional add-ons |
Guided Implementation
A Guided Implementation (GI) is a series of calls with a SoftwareReviews Advisory analyst to help implement our best practices in your organization.
For guidance on marketing applications, we can arrange a discussion with an Info-Tech analyst.
Your engagement managers will work with you to schedule analyst calls.
What does our GI on 91制片厂 a More Effective Go-to-Market Strategy look like?
91制片厂 baseline market, buyer, and competitive insights |
Design initial product and business case |
Align stakeholder plans to prep for build |
Call #1: Share GTM vision and outline team activities for the GTM Strategy process. Plan next call 鈥 1 week.
Call #2: Outline product market opportunity approach and steps to complete. Plan next call 鈥 1 week. Call #3: Hold a series of inquiries to do a modernization check on tech stack. Plan next call 鈥 2 weeks. Call #4: Discuss buyer interview process, persona, and journey steps. Plan next call 鈥 2 weeks. Call #5: Outline competitive differentiation analysis, routes to market, and review of to-date business case. Plan next call 鈥 1 week. |
Call #6: Discuss brand strength/weakness, pricing, and packaging approach. Plan next call 鈥 3 weeks.
Call #7: Outline needs to craft assets with right messaging across campaign launch plan and budget. Outline needs to create plans and budgets across rest of marketing, sales, CX, and product. Plan next call 鈥 1 week. Call #8: Review template and approach for initial business case and sales and product alignment. Plan next call 鈥 1 week. Call #9: Review initial business case and launch plans across marketing, sales, CX, and product. Plan next call 鈥 1 week. |
Call #10: Discuss plans/needs/budgets for tech stack modernization. Plan next call 鈥 3 days.
Call #11: Discuss plans/needs/budgets for CX readiness for launch. Plan next call 鈥 3 days. Call #12: Discuss plans/needs/budgets for digital readiness for launch. Plan next call 鈥 3 days. Call #13: Discuss plans/needs/budgets for marketing and sales readiness for launch. Plan next call 鈥 3 days. Call #14: Review final business case and coach on Steering Committee Presentation. Plan next call 鈥 1 week. |
A Go-to-Market Workshop Overview |
Contact your engagement manager for more information. |
Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | |
Align on GTM Vision & Plan, Craft Initial Strategy |
Identify Initial Business Case, Sales Forecast and Launch Plan |
Develop Launch Plans (i of ii) |
Develop Launch Plans (ii of ii) |
Present Final Business Case to Steering Committee |
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Activities |
1.1 Outline a vision for GTM and roles required, identify Steering Committee lead, workstream leads, and teams. 1.2 Capture GTM strategy hypothesis by working through initial draft of GTM Strategy Presentation and business case. 1.3 Capture team knowledge on buyer persona and journey and competitive SWOT. 1.4 Identify information/data gaps and sources and plan for capturing/gathering including buyer interviews. Plan next day 2-3 weeks after buyer persona/journey interviews. |
2.1 Size product market opportunity and initial revenue forecast. 2.2 Craft initial product hypothesis from buyer interviews including feature priorities, pricing, packaging, competitive differentiation, and channel/route to market. 2.3 Craft initial launch campaign, product release, sales, and CX readiness plans. 2.4 Identify launch budgets across each investment area. 2.5 Discuss initial product launch business case and key activities. Plan next day 2-3 weeks after product hypothesis-validation interviews with customers and prospects. |
3.1 Apply product interviews to scope, MVP, and roadmap competitive differentiation, pricing, feature prioritization, routes to market and sales forecast. 3.2 Develop more detailed launch campaign plan complete with asset-types, messaging, digital plan to support buyer journey, media buy plan and campaign metrics. |
4.1 Develop detailed launch/readiness plans with final budgets for:
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5.1 Review final launch/readiness plans with final budgets for all key areas. 5.2 Move all key findings up into Steering Committee presentation slides. 5.3 Present to Steering Committee, receive feedback. 5.4 incorporate Steering Committee feedback; update finial business case. |
Deliverables |
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91制片厂 a More Effective Go-to-Market Strategy
Phase 1
91制片厂 baseline market, buyer, and competitive insights
Phase 1
1.1 Select Steering Cmte/team, build aligned vision for GTM 1.2 Buyer personas, journey, initial messaging 1.3 91制片厂 initial product hypothesis 1.4 Size market opportunity 1.5 Outline digital/tech requirements 1.6 Competitive SWOT 1.7 Select routes to market 1.8 Craft GTM Strategy deck |
Phase 2
2.1 Brand consistency check 2.2 Formulate packaging and pricing 2.3 Craft buyer-valid product concept 2.4 91制片厂 campaign plan and targets 2.5 Develop cost budgets across all areas 2.6 Draft product business case 2.7 Update GTM Strategy deck |
Phase 3
3.1 Assess tech/tools support for all GTM phases 3.2 Outline sales enablement and Customer Success plan 3.3 91制片厂 awareness plan 3.4 Finalize business case 3.5 Final GTM Plan deck |
This phase will walk you through the following activities:
- Steering Committee and Team formulation
- A vision for go-to-market strategy
- Initial product hypothesis
- Market Opportunity sizing
- Tech stack/digital requirements
- Buyer persona and journey
- Competitive gaps, parity, differentiators
- Routes to market
- GTM Strategy deck
This phase involves the following stakeholders:
- Steering Committee
- Working group leaders