GTM : Go-to-Market strategy

Definition of

GTM : Go-to-Market strategy

The GTM strategy is the plan for how a product will be introduced to the market and made available to customers. This can include things like pricing, distribution channels, and marketing efforts.

Detailed Description of

GTM : Go-to-Market strategy

Go-to-market (GTM) strategy is a product management term that describes the process of taking a product from concept to market. It includes all the activities and decisions necessary to bring a product to market, including market research, product development, pricing, distribution, promotion, and sales. The goal of GTM is to maximize the success of a product launch by ensuring that all aspects of the launch are well planned and executed. GTM strategies vary depending on the type of product being launched and the target market. For example, a B2B software company may have different GTM strategies than a consumer electronics company. In general, however, GTM strategies involve understanding customer needs and developing products that meet those needs; setting competitive prices; selecting appropriate distribution channels; creating effective promotional campaigns; and training sales teams to effectively sell the product.

Examples of

GTM : Go-to-Market strategy

1. Develop a comprehensive market segmentation strategy: Identify the target customer segments and develop a plan to reach them. 2. Create a value proposition: Develop a unique value proposition that resonates with the target customer segments. 3. Develop an integrated marketing plan: Create an integrated marketing plan that includes all of the necessary elements to reach the target customers, such as advertising, public relations, digital marketing, and more. 4. Establish pricing and distribution channels: Determine the pricing structure and distribution channels that will be used to reach the target customers. 5. Launch and monitor: Launch the go-to-market strategy and monitor its progress to ensure it is meeting its objectives.

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