Pop quiz! What go-to-market principles do you need in place to successfully monetize your product? Choose all that apply. Positioning Messaging Timing Endorsement Execution If you picked every option, you get an A+. Whether you’re launching a new product or selling your signature solution, you need to get every one of these right to achieve market acceptance and revenue success. The success formula for monetizing your product Principle #1:…
Anyone who was at Citrix in the early years will remember “Stick Man.” This was the mantra of Roger Roberts, the CEO who grew Citrix from pre-revenue to a half-billion in sales. Stick Man was the summons to make everything as simple and streamlined as possible. He was everywhere at Citrix – in our engineering, finances, marketing and sales departments. If you were presenting your next big idea at a…
Bringing new technologies to market can feel lonely. Your product is truly special, which can change the life of your target customer. But unfortunately, those customers aren’t yet knocking down your door. When your sales reps finally get them in a room (or Zoom), they’re met with a litany of excuses. The song goes something like this: “This is a really cool solution, but it’s not something we can consider…
I’ve met a few CEOs lately who are having an affair. They gladly confess that they’re madly in love… with their product. They tell me how their product will change the world. That it’s the next iWatch or Uber. They love their product soooo much. If only they could find more customers to love it too.
When I was a kid, I used to love the television reruns of Perry Mason. Watching America’s favorite fictional attorney, I would dream about becoming a trial lawyer myself. And in some ways, I became one as a technology marketer.
I see a lot of small tech companies struggling with their strategic marketing decisions: What should our message be? What product feature should we add? What new vertical should we go after?
They spend months agonizing in search of the “best” idea. But the truth is that there are only a few truly great ideas in the world, and most become great only because they’ve been executed well.
Many tech companies are brilliant at inventing new products, but not at describing them. They expect their customers to see their solutions as clearly as they do. Maybe it’s because many tech leaders were educated as engineers. So they naturally explain their technology-enabled products from the inside out. For example, someone who invented the world’s first orange, might express they’re message this way: “Our product is built using a unique…
If your B2B marketing is not generating enough business, here is a quick test: Take a look at your company’s home page. (Go ahead, I’ll wait). Does it relate to your product’s features or your prospect’s desires? If you answered “features,” this may indicate a problem with your marketing message… and maybe your sales pitch too. To develop an effective message, you need to recognize that your buyer has two…
Many of the small high-tech companies I talk with say they have a “messaging” problem. They claim their solution is too hard to explain. When their sales people get into details, the lingo confounds prospects. But if they dumb the message down, they sound just like their competitors. The good news: Your ideal sales message is already “here.” However, it’s buried. It’s buried deep inside the tech lingo, marketing jargon…
