This document discusses the importance of developing a go-to-market (GTM) strategy and outlines key elements to include. It defines a GTM strategy as connecting a company's offerings to the right target market. Developing a GTM strategy is important to reduce time to market, target the right customers, manage costs and increase profits. Key elements that should be included are the business case, target market definition, value proposition, marketing and sales plans, and metrics for defining success. The strategy should also cover customer retention, growth, and managing changes over time.
SEO-Optimized Title for EKO Innovation Centre GTM Strategy Document
1.
2. LEARNING
PURPOS
E
Deliver
Professional
Knowledge
- Data School
- Product School
Supporting Businesses Leveraging
Innovation & Technology
in solving poverty and its symptoms in Africa
PURPOSE
ACCELERATING AND
COMMERCIALIZING
INNOVATION
RESEARCH
&
SUSTAINABILITY
Drive
social-impact
products
addressing SDGs
ACCELERATION
Commercialize
& scale
high-impact
businesses
Accelerate
idea-to-
commercialization
curve
Support
initiatives that
enable govt
deliver services
to citizens
DIGITAL
PRODUCT
INCUBATION
CIVIC TECH
info@ekoinnovationhub.com
3. Talking Points
➢Why you need a GTM Strategy
➢Building your GTM
➢Retention and growth
➢Elements of a successful GTM
6. Our
Story
● Defined a clear need; convenient allergen-friendly
foods (gluten free, dairy free, plant-based/forward)
● Identified a gap in the market; lack of grab-and-go
pre-packaged healthy allergen-friendly foods
● Built a business and products to address the gap
● Took a chance - online only; ohsonutrition.com
● Focus on; brand, awareness, product quality &
consistency, customer relationship management,
supplier relationship management, operations
management, marketing and sales
Business Model:
Online > made-when-ordered > delivered to your door
We
9. Cover all bases -
legal, approvals,
compliance
Why every
business
needs a GTM
strategy
Reduces time
to market
Target right
customers
Manage costs
increases
profits
Establish
growth &
retention path
Define change
management &
innovation
frameworks
Establish or
reinforce
brand position
Grow & defend
market share
10. Key elements
of a GTM
strategy
Business case
Defined target market
Defined target segments
Overview of competitive landscape
Clear value proposition
Marketing plan
Sales plan
Defined success metrics
Procedures for managing GTM
11. Bring your target
customer to life
Develop customer personas
● Who are they?
● What do they do?
● Where do they live?
● How do they live?
● What does their day look like?
Identify their pain points
● What challenges to they face?
● What do they wish they could do?
Define what your product/service value
is to them
● What do you want them to think?
● What do you want them to feel?
● What do you want them to do?
Meet
Stressed Out Somto
12. Reach & convert your target customers
Marketing Sales
The process of building a pipeline
of potential customers who are
interested in your product or
service.
The activities that lead to the
selling of products or services
where value provided is
exchanged for money.
Awareness/Lead Generation Conversion
Focus: 70% - 80% Focus: 30% - 20%
1 to Many 1 to 1
Branding, reputation, market
research, company/product story,
advertising, prospecting, PR
Sales calls/emails, sales events/
trade fairs, promotions, incentives,
leads, customer relationship
management (CRM), post sales
support/customer care
VS.
13. Post-sales retention & growth
Retain
Surprise
Delight
Review
Revise
Repeat
Penetrate
Create
Expand
Keep your
customers
Recycle your GTM Grow your pie