Go-To-Market Strategy (GTM)
What is a Go-To-Market Strategy (GTM)?
A Go-To-Market Strategy (GTM) is a plan that outlines how a company will sell its product or service to customers. It encompasses the sales, marketing, and distribution tactics needed to reach the target market, achieve product-market fit, and generate revenue. A successful GTM strategy considers the needs of the target audience, competitive landscape, and unique value proposition of the product.
Components of a Go-To-Market Strategy
- Target Audience: Identifying the ideal customers who will benefit most from the product or service.
- Value Proposition: Articulating the unique benefits that set the product apart from competitors.
- Distribution Channels: Determining the channels through which the product will be sold or delivered.
Related Terms and Concepts
Product-market fit, sales strategy, marketing plan, customer acquisition