What Is Product Marketing - Complete Guide Strategies - 2
What Is Product Marketing - Complete Guide Strategies - 2
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
In six very simple circles, the role looks a bit like this:
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Product marketing sits at the heart, the intersection, and the core of all
successful companies. PMMs collaborate with key teams such as the
marketing team, sales, customer success, and plays a critical role in
helping the business achieve its goals.
It's vital and exciting - but it can be a little complicated, but this is
where the Product Marketing Framework comes in:
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1:10
Discover - This is the stage in which you gather the info and insight
to turn your assumptions into an educated hypothesis. Customer
feedback and sussing out the competition are just two of the key
elements involved - and they're both product marketing gold dust. ✨
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
Get set - Here, it's time to harness all your hard work thus far with
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training, sales enablement sessions, and marketing campaigns so your
team is equipped to take the GTM by the horns and run with it.
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There are certainly some similarities, PMs and PMMs are all-rounders,
who can effectively work across product, marketing, and sales. Both
are responsible for product launches and both roles need to
coordinate different teams within an organization to ensure that the
product release is successful.
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
Coca-Cola, think of the largest living land carnivore and have happy
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thoughts’.
It didn’t matter if you buy a bottle of regular coke, a can of diet coke,
or a Coca-Cola t-shirt. This is brand marketing. On the other hand,
the Diet Coke break ads are pushing a particular product, Diet Coke,
and this is (a small part of) product marketing.
But it doesn’t end with ads. Coke’s product marketers would have had
to think about what the pricing of Diet Coke says about its position in
the market:
Or, since the majority of PMA’s members are in the B2B SaaS space,
imagine a company’s developers have come up with a new piece of
marketing automation technology.
and the website should make it clear that it’s for small businesses and
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there’s little need for enterprise-level after-sales care like dedicated
customer contacts.
The insight that the particular technology the company made would
fit best with small businesses will affect everything from the go-to-
market strategy to the name, and it’s a product marketer’s role to
bring that all together.
Get all the intel on this page as your very own FREE eBook. As a tasty
bonus, you'll also get an exclusive article from Rockerbox's Maggie
Tharp – usually just for subscribers. Snag your copy now!
Take Quibi for instance. This ‘two billion dollar faux pas’ is a classic
example of the need for solid product marketing. The phone-only
Netflix competitor tried to be the solution for a problem that didn’t
exist: offering five-minute TV shows to be consumed as ‘quick bites’
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
The problem: people already have a million ways to pass their time on
their phones during that time that don’t cost $7.99 a month.
And after you have a solid product and you know customers for it are
out there, product marketing allows you to:
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For one product marketer, creating sales collateral might make up 60%
of their job and for another, it might account for just 25% of it.
Because the role is still relatively new, many organizations are still
finding their feet with it, which is one of the main causes of ambiguity.
So, let’s drill down into each of those responsibility areas in a bit more
detail.
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We all know the iceberg analogy, right? Well, product marketers are
the people responsible for that pristine tip effortlessly sitting above the
water - all the while juggling the chaos that lies beneath.
Sales collateral comes in all sorts of forms and the extent of what’s
required will largely depend on the type of launch.
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
A new product, on the other hand, might require the whole hog -
demo videos, battlecards, fresh messaging and positioning, completely
new webpages, sales training - the lot.
If you’re new to the industry one thing worth bearing in mind is that
creating powerful sales collateral is one half of the battle, getting
customer-facing teams to actually use them is the other, so don’t
overlook your delivery - useful article to help with that below. 👇🏻
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
Next up is the pre-work. Before, during, and after any type of launch,
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there’s research to be done.
After all, without any of this, you’re as good as whacking your finger
in the air and seeing what sticks.
Now, when it comes to customer and market research there are a few
different brackets:
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
You could say KPIs are a bit of a grey area in product marketing - lots
of people have them, many also don’t. To give you a flavor of what
you’re looking at though, here are a few examples we’ve come across
on Slack and in our podcasts:
6. Content marketing
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9. Onboarding customers
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What happens after you bag that brand new customer? Nothing?
Then they might not be around as long as you’d hoped. First
impressions count and a solid onboarding process ensure everyone
gets off to a good start and has everything they need to rinse all the
value out of your product.
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“In this day and age, it’s all too easy for companies to
quickly spin up products and rival their competition with the
same feature set, and even a similar story. IF no or low-
code is the future though, product marketing is the antidote
- if you want long-term, sustainable growth that is, anyway.
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
“There are quotations out there that say anywhere between 80-90% of
new businesses fail, whether that's a startup, new product line or new
business being launched within an existing company.
“Some of those reports went back and asked CEOs or others within
the C suite, well, why do you think you failed? The number one
answer that comes back is product-market fit, and the way I break that
down is by saying, well, you've got a product and a lot of people might
think this is the cool, new shiny thing, and a lot of times what I've
seen, especially in smaller, more nascent companies, is the founder or
person who built it had that problem and then tries to go find a
market.
“It's taking down the risk or lowering the risk of investing a lot of
money, whether it's in people or product development or acquiring
something new, and de-risking that investment”
👏🏻
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3/13/24, 12:31 PM What is Product Marketing? | Complete guide & strategies
In short, while both roles ensure sales are carried out, product
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marketers look directly at what they’re selling, not who’s selling it.
“It’s your product marketing and field marketing teams that are in the
best position to be the headlights on your road to effective demand
generation. Both teams contribute valuable market-facing insights
that are critical to the successful planning, development, and
execution of demand generation programs and activities."
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Us: “What did your journey into product marketing look like?”
Product
Marketing
Sales
Customer Success
Project Management
Engineering.
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would be to try and shadow some of their work and get as much
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practical experience as possible - as well as reading up on some
industry resources too, of course.
Shameless but obligatory plug: our podcasts, resources, and blog are
full of lots of info for newbies and experts alike.
Elsewhere, here are a few really in-depth reading materials to get you
going:
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