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When you're launching a feature to start to unlock a new market, what's the best way to identify your target market segments and ensure steady penetration into that new market?

I'll be doing customer interviews, listening to sales calls, doing sales ride-alongs, interviewing internal experts, and evaluating competitors. It's a new industry we're looking to enter in North America

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2 Answers
  1. Chris Glanzman
    Chris Glanzman

    ESO Director of Product Marketing & Demand Generation | Formerly Fortive • 4y

    Entering a new market organically can be incredibly difficult, so the first step is always to check that there is enough opportunity in the new market to warrant the time and resources. From that new market, you'll want to carve out your beachhead market segments. Identifying the beachhead segment(s) is a strategic exercise, not a tactical one. That means you'll need to pick the 1 or 2 segments where you have a competitive advantage over incumbent offerings and substitutes. This is close to the ...Read More

    1,267 Views
  2. Sabari Sawant
    Sabari Sawant

    Amazon Web Services (AWS) Product Marketing| Kubernetes on AWS | Formerly Directi • 2y

    Here are the steps I typically follow to unlock what the target segment can be: Step I: Analyze your Offering What does your product/feature offer in terms of functionality? What gap do you want to fulfill by bringing this to the market? Why do you think this feature is needed today? Define some jobs it is helping accomplish as well as value it unlocks for your customer? Step II: Brainstorm the kind of Customers who might need this Offering (Put this in the form of a table with the following hea ...Read More

    423 Views

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