Product Marketing Strategy – What Is Product Marketing

Written by Charles Afamefuna in BLOG

What to Know About Product Marketing Strategy

The Product marketing strategy is an extraction of the 4 Ps in within marketing mix. The marketing mix a combination of different controllable and tactical marketing tools used by companies to create a unique response and relationship with the (target) market. The main 4 groups or Ps of the marketing mix are:

  • Product
  • Price
  • Place (or distribution)
  • Promotion



 

Product Marketing Strategy

Product Marketing Strategy

What is Product Marketing Strategy

The product marketing has to do with the creation, promotion and selling a product/service to end user. It is the beginning and end of a product cycle, the governing body that can guarantee a successful or failed launch.

For a Successful Product Marketing

  • The product marketers need to know how to position the product and its features to the market.
  • The sales and marketing teams need to have good knowledge and right materials which will help to attract customers.
  • Maximum satisfaction should be derived from the product by the target market.
  • The product should be in a continuous demand and continuous increase in standards and quality.
  • Know your audience, who they are and what they care about.
  • Identify your market, this will help build a strong product-market fit so to take in full control of the credibility, authority, and expertise.
  • Identify the product story, this will connect the product easily to people who need it, but make it concise, compelling and narrative.
  • Ensure product delivers value not just features.

Tools and Methods for Executing Product Marketing

  • Customer Insights

These can be done through interviews, focus groups, surveys and customer orientation.

  • Data Analysis

Marketers should be highly quantitative especially in gathering results of marketing attribution to be able to measure revenue.Bulletproof your Domain for $4.88 a year

  • Product Validation

Marketing is an easy means for testing and validating product ideas before resources are committed to developing the product.

  • Testing

Exhaustive marketing, pricing, product lineups and visuals should be developed to achieve a product marketing strategy touch point.

Product Marketing Strategy

Benefits of Product Marketing Strategy

Before A Product Launch:

  • Positioning,
  • Messaging,
  • Customer development,
  • Market Strategy.

After A Product Launch:

  • Sales enablement,
  • Driving demand,
  • Adoption,
  • Successful product.

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