When working with a client on developing a story for a new market, I have learned not to jump too quickly into the output. First, I want to understand what customers in that market actually need.
I usually start by talking to sales and SEs who have sold into relevant accounts, either at the current company or in previous roles. I review any RFIs/RFPs we have received, internal research, and competitor case studies. I also identify our relevant product capabilities and key strengths. I do my own external research, including articles from the Big Four, McKinsey, BCG, other consulting firms, analyst reports, and industry publications. GenAI tools help me accelerate the discovery process. I also reach out to practitioners in my LinkedIn network who work in that market. They often add context that you will never find in a document. Using these insights, I create a framework.
Once I have a good framework, I try to validate it from several angles. I review it internally with people who can bring different perspectives, go back to practitioners, and sometimes pressure-test it with industry analysts.
This work is worth the effort because market requirements become the foundation for so much that follows: GTM strategy, product strategy, positioning, content, sales decks, and more. If the foundation is wrong, everything built on top of it can fall flat.
My approach is simple: use as many credible information sources as possible, then put as many knowledgeable eyes on the framework as you can.
Great positioning starts with great research. Here is my approach.
About me: I believe that the Achilles heel for most software companies is a lack of good execution in areas that drive growth/generate value – product marketing, M&A integration, revenue operations and demand generation. So, I started a focused consulting practice to help SaaS and enterprise software clients address their issues in these areas. The blog posts are based on my client engagements, as well as senior leadership roles in these areas. My bio is at https://www.linkedin.com/in/applicationsmarketing/
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