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Michael Olson

Michael Olson

Sr. Director, Product Marketing - Observability at Splunk

Portland, Oregon

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Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

This is a tough one, and it has been a journey to figure out how to measure the success of the sales enablement work PMMs do. In larger companies with a dedicated field enablement team, there's often better instrumentation and PMMs can partner with another team to activate enablement programs (like certification programs or sales enablement platform/portal implementations), whereas in a start-up, you're much likelier to be DIY'ing it. Here, I think it's critical to look at both leading and laggi ...Read More

11,238 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 1y

Other than building a good product that solves real problems for customers, positioning is probably the most important thing to get right, because it's so strategic and foundational to how you go to market. At its core, positioning is an internal construct. It’s what you tell yourself internally to align on your strategy, the perceptions you want to create, your differentiated role in the market, and your relevance to your customers.   I think about 5 main inputs when shaping positioning: Market ...Read More

10,839 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

Speaking as someone who has created a lot of bad sales playbooks that have collected dust during my career :-), this is a topic that I'm passionate about. Here are the main ingredients that I've found make for a sales playbook that will actually get used by sales teams. Market Primer: Particularly for sales reps who are new to your company or space, I've found it useful to 1) define the market in which we play, 2) the market context/dynamics that are impacting our buyers, 3) the market problems ...Read More

8,347 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 1y

I shared a similar response to a separate question, but positioning is such a nebulous and somewhat vaguely understood topic by product marketers and product managers, that I'd love to help. Here are the 5 main inputs I think about when defining positioning: Market Category – the space in your customer's mind where your company and/or product fits. This is the frame of reference for your buyers. Target Audience – your ideal customer profile + the buyer personas and user personas who are a good f ...Read More

8,322 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

I'm a proponent of standardizing the core bill of materials PMM teams produce for sales enablement, both to keep your PMM team focused and avoid one-off requests, and to align with sales teams on what they need and what they can expect. Here are some of the foundational materials that I've found to be most essential at improving the sales team's confidence positioning and selling my products. Depending on what works best for the sales team, I either package all of these components into a cohesiv ...Read More

6,143 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

This answer might come across as tough love, but you need to establish credibility with sales teams and prove your value by demonstrating a deep understanding of 1) the market in which you play, 2) the ideal customer profiles and personas who care about your stuff, 3) their needs, and 4) the competitive landscape, and 5) your differentiation. If you can consistently show up in internal meetings, sales training sessions and sales kickoffs with a mastery of your market, your buyers and how your pr ...Read More

5,879 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

Good sales messaging + proper enablement is the solution to this problem. More often than not, when I've seen a lack of messaging consistency in my sales teams with every sales rep offroading and rolling their own, it's either because our messaging wasn't credible/didn't resonate, or we had an awareness/enablement gap. Here's what good messaging needs to do: Be Relevant: is it germane to your target audience's day job and the things that keep them up at night? Be Differentiated: does it sound di ...Read More

5,416 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 2y

I think this is a symptom of bad persona guidance more than anything else. I have seen a lot of persona guides created by marketing teams that get too cute – with whimsical fake names, esoteric archetypes, information that isn't actionable for sellers (like how prospects feel and how they want to be engaged with), and guidance that's too high level (for example, stating goals like "they want to grow their business" or "they want to save money" are not at the right altitude to be useful for sales ...Read More

5,133 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 1y

Great question. I'd encourage you to think about pricing and packaging as powerful tools for competitive differentiation. In any economy, selling on value is a winning strategy. But in this economy, the B2B buying criteria pendulum has swung, from top-line growth as the #1 priority now to bottom-line operating efficiency. Companies that are exploring packaging (including bundling strategies) as a way to remove friction from the buying process and deliver more value without a commensurate increas ...Read More

3,496 Views
Michael Olson
Michael Olson

Splunk Sr. Director, Product Marketing - Observability • 1y

I'm not an expert, but here are 3 practical ways that I make time for competitive research as part of my day-to-day work. Competitor websites, mailing lists and product documentation. I get a lot of value from reading the Products and Solutions sections of competitor websites, subscribing to their blogs, and reading their product docs. Web content gives you a high-level understanding of their messaging and key capabilities. Product documentation provides more depth on how their products work to ...Read More

3,395 Views
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