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Published byKimberly Maxwell Modified over 6 years ago
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Entrepreneurial Marketing & Go To Market Strategies
Lecture in Innovation and Entrepreneurship
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Step 1 Opportunity Recognition & Market Analysis: -Identify a market need -Examine competitive dynamics -Determine size and growth potential of market Step 2 Marketing as a strategy to create demand: -Develop a unique VP -Develop Marketing Objectives -Build Go-To-Market strategies i.e; Pricing, Promotion, Distribution etc
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Some Definitions: Total Available Market (TAM)
Served Available Market (SAM) Target Market (TM)
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Customer Market Segmentation, then provide them full solution
How to Cross the Chasm?
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Ways to Segment a Market
B2B -Industry Type -Number of Employees -Geography -Order size B2C -Gender -Income -Age -Brand Loyalty Ways to Segment a Market
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Positioning/Value Proposition
Single most important concept when you are thinking about your marketing strategies?
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Positioning Template Guy Kawasaki’s Horizontal axis:
For [TARGET CUSTOMER] who [STATEMENT OF THE NEED/OPPORTUNITY] the [PRODUCT CATEGORY] is a [STATEMENT OF BENEFIT] Guy Kawasaki’s Vertical axis: Unlike [PRIMARY COMPETITIVE ALTERNATIVE] our product [STATEMENT OF PRIMARY DIFFERENTIATION] Positioning Template
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Which comes first? Positioning or Demand Creation
??? Which comes first? Positioning or Demand Creation
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Positioning comes before Demand Creation because, you don’t know through what mechanism or through what channels to direct your advertising in your marketing Answer:
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9 Building Blocks
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Positioning Should Drive Go-To-Market Strategies
- Promotion and Communication (including branding) - Pricing and Business Model (including viral marketing) - Sales and Distribution (including affiliate marketing) Positioning Should Drive Go-To-Market Strategies
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