How do you define GTM strategy and which KPIs do you put there?
Great question - Because I am so focused on Industry Marketing right now, I have it divided between Product Marketing KPIs and Industry Marketing KPIs:
For Product Marketing:
- Conversions NARR
- Attachment rates - new logo and cross selling
- Product ASP - the sales price, keep a close eye on this
Industry marketers on the other hand look at:
- Industry/Segment NARR
- Gross Pipeline
- Win/close rates
GTM metrics depend on the product launch and stage of the product (pre-MVP, validation, growth, maturity stage). Top-of-mind GTM metrics to track:
▪️ Traffic from GTM
▪️ # of contacts, MQLs, SQLs, Opportunities, Customers
▪️ Conversion rates via the funnel
▪️ Onboarding metrics and product adoption
▪️ Customer acquisition cost and customer lifetime value (after GTM)
Here is the example of real goals & metrics for MVP go-to-market could be:
▪️ MVP launch with 5000+ signups at the end of the first quarter.
▪️ 40% MVP adoption rate (new engaged users /all signups) via smooth onboarding and UX.
▪️ Validate 10 Product-Market fit hypotheses to learn if the MVP solves users’ needs.