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Product Marketing – A deep-dive
Your holy grail to bigger deals, repositioning competition and getting a seat at the table
What is a market?
A market is composed of:
a) Customers
(Yours and Your Competitors’)
b) Evaluators
c) Passives
All motivated by a common intent
i.e. a Job to be Done
Customers
(Yours &
Competitors’)
Evaluators
Passives
Segments
Different motivations result in
independent groups i.e. Segments
A segment can be extremely
crowded or open to opportunity.
Crowded
Opportunity
Product marketing is
Pricing
Packaging
Messaging
Positioning
What is Positioning?
Positioning is where your brand stands
**in the minds of your customers**
**in relation to other brands**
**that they consider as alternatives**
Positioning for a segment
Identifying your ideal customer profile
right is the step zero
● Avoid Demographic ICPs
● Design around JTBD
● Imagine a Job Role
Why should you take positioning seriously?
If you don’t think about how you’d like to be positioned, your customers – or
even worse, your competitors – will do that job for you.
You may be slotted in a category or as a certain kind of company/product
and may attract the wrong customers, low prices, wrong employees and
eventually a slowing growth prospect.
Your Positioning attracts a segment. It
determines your pricing leverage and your
profits
Then came Tesla and made itself the messiah
from the future. Their CEO got on stage and
named the enemy, visually.
I’m selling a commodity, not Tesla. Is there
hope?
There are no dull products; only dull writers – David Ogilvy
Commodity?
Adjacent
Segments
Soap
Shampoo
Bar
Hand Washing Bathing Regular Anti-Dandruff
Shower Gel
American marketing is about staking a claim.
Indians love ahimsa.
In the west, culture is shaped by marketing.
Pick an enemy. Own the narrative. Stand for a new
future. Make it about them.
Value Prop Canvas
VPC in Action
Customer Jobs
1. I want to teach new sales reps
about the product and market
2. I want a robust and repeatable
onboarding process
3. I want to quickly & effectively
ramp my new sales reps
Customer Pains
1. I don't have time /will /skills to create
and maintain onboarding materials -
best teacher is your repository
2. shadowing takes too long to onboard
my sales reps
3. Finding learning/coachable moments is
like finding a needle in a haystack
Customer Gains
1. Reduce ramp time for new reps
2. Sales team becomes self-learning
and self-correcting
3. Scaling the sales team faster
4. Help achieve Sales Actualization —>
retaining & motivating top talent
Product Features
1. Call Library
2. Game Tapes
3. Battlecards
Pain Reliever
1. All calls in 1 place
2. Feedback repository
3. Reduce onboarding time with better
prepared reps (make your reps battle-
ready sooner)
Gain Creator
1. Learn from peers
2. Improves scalability & repeatability
3. Better conversations —> more
consistent message —> keep
messages up-to-date through a
central repository (more confident)
Your narrative is
Your primary statement
The words you use in headlines
Your pricing plan names
Your feature names
The language in every customer interaction
Need/Pain
Aware Unaware
Solution
None
Many
Sell the future
(Electric car is the
future.)
Point at the
problem.
Manufacture
consensus
(Dandruff kills dates)
Think Different
(Buy things vs. Earth’s most
customer-centric. Co., Indigo
6E)
X
Framing your narrative
Positioning is NOT a statement
It is how you design your entire narrative.
The 6E tree - Designing your narrative
6E
There is another great example
But SaaS is B2B and every category is
crowded. Right?
No. Homegrown Positioning Stories →
Vague Positioning vs. Authoritative Positioning
Positioned ourselves as the eCommerce encyclopedia and others as non-Commerce databases
Vague Positioning vs. Authoritative Positioning
Positioned ourselves as Revenue Accelerator versus generic Conversation Intelligence player
Also tried to leverage the brand name ‘Wingman’ with a theme around movement
Best Largest Accurate Reliable Leader
Authority Directory Source Trustworthy
Who’s Who Comprehensive Purpose-built
The eCommerce & D2C brand
encyclopedia
Beware of weak claims
Self Onboarding
Provoke emotions & visuals
DIY Onboarding
Improve your sales
forecast accuracy
Facts, not opinions.
Create a sales process
that teams love
Win. Rinse. Repeat.
Messaging - Adjectives to position superiority
Domino example – ZoomInfo vs. PipeCandy, Wingman vs. gong
Messaging – Use the words customers relate to
Naming your features increases magnetism
& breaks comparison
Autopilot
Bioweapon Defence Mode
Caroake
Sentry mode
Supercharger
Once you know it, you will see it everywhere
Name your features in your Customer’s words
Battle Cards
Deal Central
Playlists Game Tapes
Call Library
Cue Cards
Sales Pipeline
Team Call Log
Your features are part of the Positioning
Narrative
Showcase them with prominence.
Messaging – Use the words customers relate to
Junk data
Look for the words your prospects and
customers use. Enhance them with metaphors.
Invoke strong emotions
Reliable Data Zero Junk
Not granular Granular Ground Truth
Inaccurate Accurate Holy Grail
Repositioning Competition
Repositioning Competition
Repetition is Queen
Single Attribute Everywhere
About Them > About Us
Packaging - Trust Rub-off
Financial Times has this
sepia background, bold lines,
subtle colors for data
visualization.
We simply borrowed them all
and added Google Finance’s
best data visualization
elements
Pricing - The art of engineering self-
selection
Method - What should you tell your
marketing team on Monday
Email, Call logs, Conferences etc.
Words of pain/aspirations, trust
words, Aphorisms/Metaphors
Extra Slides
PipeCandy – Before & After
Average Annual Contract Value
Jan to Aug Sep to Dec
$6,41
1
$12,85
7
100.51
%
We moved from being a single product company to multi-
product company with different packaging for different user
personas and use-cases)
SQL to Closure Rate 8.0
%
14.8
%
85.00%
We redid our positioning, messaging, design, sales decks and
trained our team on selling the promised land of predictable
demand generation
MQL to SQL Rate 15.4
%
19.4
%
26.00
%
We redid our positioning, messaging, design, sales decks
and trained our team on selling the promised land of
predictable demand generation
Growth %
2021 - 22
Two strategic acquisition offers
One of them from a publicly listed competitor of ours who pulled the plug on our data partnership
fearing competition. Another, a unicorn in the omnichannel eCommerce tech stack space. Our
vision, tech and customer logos attracted them
Two of the three credit bureau partnerships
Deal sizes worth several million dollars over 3 years. Business credit scoring in the US for
Amazon/independent sellers powered with our data. Inbound interest.
Inbound from Amazon
Considered us a credible, better alternative to SimilarWeb and BuiltWith
Top lessons learnt
Take a stand. Pick an enemy. Show the promised land.
Execution discipline. Perfection, in time.
Copy > Design. Build trust.
Sell the promised land. Gain trust. Help users sell to buyers.
Price based on the buyer’s sense of value (Right ICPs and Right Packaging) and not
numbers that are familiar to you
Enterprises gravitate towards the highest priced plan. Enable it for them.
Know your ICP and the value prop they buy for. Package & Price for the ICPs
Too dull to remember
Too dull to penetrate the walls that customers erect
Too dull to sell. You can’t bore our customers to buy
“It takes a big idea to attract the attention of consumers
and get them to buy your product. Unless your
advertising contains a big idea, it will pass like a ship
in the night. I doubt if more than one campaign in a
hundred contains a big idea.”
We put out bland arguments to our customers because we don’t think about
them deeply. If we do, marketing treats customers as segments and ICPs.
We don’t name our personas and treat them as humans.
We don’t recognize that they have seen other products and heard other pitches.
We don’t make an effort to tell why we are different from all of them
We don’t deliberately position ourselves in their minds
Selling is dating. But we shy away from standing out.
Positioning
How are you different from the rest?
Messaging
How does every communication you put out reinforce that difference?
Packaging
How do you convey confident authority and inspire trust?
Product & Pricing
How do you align the product to value prop for customer segments? How do
you capture the value with right pricing?
Short copy or Long copy?
Most SaaS categories are crowded. You are not the first one to pitch to the
prospect. So brevity usually does not help. That does not mean you can add
a dozen lines and bore the prospect. Establish why you are better and give
evidences and arguments to support (On-point testimonials, Hard-hitting
case studies, etc.)
1. Concept of market
2. Dominos – Scoreboard example
3. Single attribute concept – Across all key mounting points – Messaging tree. (PipeCandy, Wingman,
Indigo)

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Product Marketing Deep Dive.pptx

  • 1. Product Marketing – A deep-dive Your holy grail to bigger deals, repositioning competition and getting a seat at the table
  • 2. What is a market? A market is composed of: a) Customers (Yours and Your Competitors’) b) Evaluators c) Passives All motivated by a common intent i.e. a Job to be Done Customers (Yours & Competitors’) Evaluators Passives
  • 3. Segments Different motivations result in independent groups i.e. Segments A segment can be extremely crowded or open to opportunity. Crowded Opportunity
  • 5. What is Positioning? Positioning is where your brand stands **in the minds of your customers** **in relation to other brands** **that they consider as alternatives**
  • 6. Positioning for a segment Identifying your ideal customer profile right is the step zero ● Avoid Demographic ICPs ● Design around JTBD ● Imagine a Job Role
  • 7. Why should you take positioning seriously? If you don’t think about how you’d like to be positioned, your customers – or even worse, your competitors – will do that job for you. You may be slotted in a category or as a certain kind of company/product and may attract the wrong customers, low prices, wrong employees and eventually a slowing growth prospect.
  • 8. Your Positioning attracts a segment. It determines your pricing leverage and your profits
  • 9. Then came Tesla and made itself the messiah from the future. Their CEO got on stage and named the enemy, visually.
  • 10. I’m selling a commodity, not Tesla. Is there hope? There are no dull products; only dull writers – David Ogilvy Commodity? Adjacent Segments Soap Shampoo Bar Hand Washing Bathing Regular Anti-Dandruff Shower Gel
  • 11. American marketing is about staking a claim. Indians love ahimsa. In the west, culture is shaped by marketing. Pick an enemy. Own the narrative. Stand for a new future. Make it about them.
  • 13. VPC in Action Customer Jobs 1. I want to teach new sales reps about the product and market 2. I want a robust and repeatable onboarding process 3. I want to quickly & effectively ramp my new sales reps Customer Pains 1. I don't have time /will /skills to create and maintain onboarding materials - best teacher is your repository 2. shadowing takes too long to onboard my sales reps 3. Finding learning/coachable moments is like finding a needle in a haystack Customer Gains 1. Reduce ramp time for new reps 2. Sales team becomes self-learning and self-correcting 3. Scaling the sales team faster 4. Help achieve Sales Actualization —> retaining & motivating top talent Product Features 1. Call Library 2. Game Tapes 3. Battlecards Pain Reliever 1. All calls in 1 place 2. Feedback repository 3. Reduce onboarding time with better prepared reps (make your reps battle- ready sooner) Gain Creator 1. Learn from peers 2. Improves scalability & repeatability 3. Better conversations —> more consistent message —> keep messages up-to-date through a central repository (more confident)
  • 14. Your narrative is Your primary statement The words you use in headlines Your pricing plan names Your feature names The language in every customer interaction
  • 15. Need/Pain Aware Unaware Solution None Many Sell the future (Electric car is the future.) Point at the problem. Manufacture consensus (Dandruff kills dates) Think Different (Buy things vs. Earth’s most customer-centric. Co., Indigo 6E) X Framing your narrative
  • 16. Positioning is NOT a statement It is how you design your entire narrative.
  • 17. The 6E tree - Designing your narrative 6E
  • 18. There is another great example
  • 19. But SaaS is B2B and every category is crowded. Right? No. Homegrown Positioning Stories →
  • 20. Vague Positioning vs. Authoritative Positioning Positioned ourselves as the eCommerce encyclopedia and others as non-Commerce databases
  • 21. Vague Positioning vs. Authoritative Positioning Positioned ourselves as Revenue Accelerator versus generic Conversation Intelligence player Also tried to leverage the brand name ‘Wingman’ with a theme around movement
  • 22. Best Largest Accurate Reliable Leader Authority Directory Source Trustworthy Who’s Who Comprehensive Purpose-built The eCommerce & D2C brand encyclopedia Beware of weak claims
  • 23. Self Onboarding Provoke emotions & visuals DIY Onboarding Improve your sales forecast accuracy Facts, not opinions. Create a sales process that teams love Win. Rinse. Repeat.
  • 24. Messaging - Adjectives to position superiority Domino example – ZoomInfo vs. PipeCandy, Wingman vs. gong
  • 25. Messaging – Use the words customers relate to
  • 26. Naming your features increases magnetism & breaks comparison Autopilot Bioweapon Defence Mode Caroake Sentry mode Supercharger
  • 27. Once you know it, you will see it everywhere
  • 28. Name your features in your Customer’s words Battle Cards Deal Central Playlists Game Tapes Call Library Cue Cards Sales Pipeline Team Call Log
  • 29. Your features are part of the Positioning Narrative Showcase them with prominence.
  • 30. Messaging – Use the words customers relate to
  • 31. Junk data Look for the words your prospects and customers use. Enhance them with metaphors. Invoke strong emotions Reliable Data Zero Junk Not granular Granular Ground Truth Inaccurate Accurate Holy Grail
  • 34. Repetition is Queen Single Attribute Everywhere
  • 35. About Them > About Us
  • 36. Packaging - Trust Rub-off Financial Times has this sepia background, bold lines, subtle colors for data visualization. We simply borrowed them all and added Google Finance’s best data visualization elements
  • 37. Pricing - The art of engineering self- selection
  • 38. Method - What should you tell your marketing team on Monday Email, Call logs, Conferences etc. Words of pain/aspirations, trust words, Aphorisms/Metaphors
  • 40. PipeCandy – Before & After Average Annual Contract Value Jan to Aug Sep to Dec $6,41 1 $12,85 7 100.51 % We moved from being a single product company to multi- product company with different packaging for different user personas and use-cases) SQL to Closure Rate 8.0 % 14.8 % 85.00% We redid our positioning, messaging, design, sales decks and trained our team on selling the promised land of predictable demand generation MQL to SQL Rate 15.4 % 19.4 % 26.00 % We redid our positioning, messaging, design, sales decks and trained our team on selling the promised land of predictable demand generation Growth %
  • 41. 2021 - 22 Two strategic acquisition offers One of them from a publicly listed competitor of ours who pulled the plug on our data partnership fearing competition. Another, a unicorn in the omnichannel eCommerce tech stack space. Our vision, tech and customer logos attracted them Two of the three credit bureau partnerships Deal sizes worth several million dollars over 3 years. Business credit scoring in the US for Amazon/independent sellers powered with our data. Inbound interest. Inbound from Amazon Considered us a credible, better alternative to SimilarWeb and BuiltWith
  • 42. Top lessons learnt Take a stand. Pick an enemy. Show the promised land. Execution discipline. Perfection, in time. Copy > Design. Build trust. Sell the promised land. Gain trust. Help users sell to buyers. Price based on the buyer’s sense of value (Right ICPs and Right Packaging) and not numbers that are familiar to you Enterprises gravitate towards the highest priced plan. Enable it for them. Know your ICP and the value prop they buy for. Package & Price for the ICPs
  • 43.
  • 44. Too dull to remember Too dull to penetrate the walls that customers erect Too dull to sell. You can’t bore our customers to buy “It takes a big idea to attract the attention of consumers and get them to buy your product. Unless your advertising contains a big idea, it will pass like a ship in the night. I doubt if more than one campaign in a hundred contains a big idea.”
  • 45. We put out bland arguments to our customers because we don’t think about them deeply. If we do, marketing treats customers as segments and ICPs. We don’t name our personas and treat them as humans. We don’t recognize that they have seen other products and heard other pitches. We don’t make an effort to tell why we are different from all of them We don’t deliberately position ourselves in their minds Selling is dating. But we shy away from standing out.
  • 46. Positioning How are you different from the rest? Messaging How does every communication you put out reinforce that difference? Packaging How do you convey confident authority and inspire trust? Product & Pricing How do you align the product to value prop for customer segments? How do you capture the value with right pricing?
  • 47. Short copy or Long copy? Most SaaS categories are crowded. You are not the first one to pitch to the prospect. So brevity usually does not help. That does not mean you can add a dozen lines and bore the prospect. Establish why you are better and give evidences and arguments to support (On-point testimonials, Hard-hitting case studies, etc.) 1. Concept of market 2. Dominos – Scoreboard example 3. Single attribute concept – Across all key mounting points – Messaging tree. (PipeCandy, Wingman, Indigo)