Martina Lauchengco - Loved

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Most tech companies get marketing wrong because they don't know how to do product marketing right. The next in the bestselling SVPG series, LOVED shows what leaders like Apple, Netflix, Microsoft, and Salesforce do well and how to apply it to transform product marketing at your company. The best products can still lose in the marketplace. Why? They are beaten by products with stronger product marketing. Good product marketing is the difference between “also-ran” products versus products that lead. And yet, product marketing is widely misunderstood. Although it includes segmenting customers, positioning your product, creating product collateral, and supporting sales teams, great product marketing achieves much more. It directs the best way to bring your product to market. It shapes what the world thinks about your product and category. It inspires others to tell your product’s story.
Part of the bestselling series including INSPIRED and EMPOWERED, LOVED explains the fundamentals of best-in-class product marketing for product teams, marketers, founders and any leader with a product and a vision.
Sharing her personal stories as a former product and marketing leader at Microsoft and Netscape, and as an advisor to Silicon Valley startups, venture capitalist, and UC Berkeley engineering graduate school lecturer, Martina Lauchengco distills decades of lessons gleaned from working with hundreds of companies to make LOVED the definitive guide to modern product marketing.
With dozens of stories from the trenches of market leaders as well as newer startups with products just beginning their journey, the book shows you:
the centrality of product marketing to any product’s success the key skills and actions required to do it well the four fundamentals of product marketing and how to apply them how to hire, lead, and organize product marketing how product marketers optimize crucial collaboration with other functions one-sheet frameworks, tools and agile marketing practices that help simplify and elevate product marketing LOVED is an invitation to rethink tired notions of product marketing and practice a more dynamic, customer and market-centric version that creates raving fans and helps products achieve their full market potential.

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One of the biggest challenges in technical product marketing is being technical enough at the right times versus technically precise all the time.

It is particularly challenging for more technical products, like those in infrastructure or for developer audiences. This is where Fundamental 1 of product marketing comes into play: What does your target market most need to hear?

Messaging should be concrete enough to be credible to the technically savvy. But that doesn't mean say everything with technical precision right out of the starting gate. The job of messaging is to create a connection. This may mean messaging works best when accompanied by a product trial, videos, or customer testimonials.

Don't expect messaging to do all the heavy lifting.

Search Engine Optimization

Search engine optimization (SEO) refers to the many actions you take to improve discoverability by search engines. It applies anywhere search is used to discover something, including app stores, marketplaces, or Internet content. It is its own dedicated specialty that is constantly evolving.

Since ∼70% of people's buying decisions happen online in some form, the keyword phrase ecosystem surrounding you and your competitors must be considered in how you position and message.

SEO can anchor much of your digital strategy, including content, ad buys, and even email subject lines. Keyword audits show what words others are likely to associate with your product.

Watching users search for your product in a journey test is also a quick and easy way to see how users think about your product, the language they use, and which competitors they associated with you.

Here again, SEO is all an important input, not the sole driver of the output. It guides which words to consider including in messaging. Beware the temptation to chase keyword phrases that get clicks. It can be at odds with your longer-term positioning.

The product marketer maintains a clear line of sight to the product's positioning and considers the many variables impacting it. Good judgment must always be exercised.

Positioning = Your Actions + Others'

Messaging is the most obvious artifact of positioning work, but every activity in a product go-to-market plan can reinforce positioning in some way.

If a company does a proof-of-concept during its sales process, it should direct the assessment criteria toward its strengths. For a product demo, how features are shown should reinforce the positioning. When deciding if something is worth a press release, assess if it is a good proof-point for the desired positioning. Even in very structured analyst reviews, positioning can be demonstrated with strong evidence—such as customers solving problems a particular way or repeatable tests that validate a claim.

That's the positioning work within your control.

But an equal if not more powerful force influencing a product's perception is the 70% of decision-making that happens beyond a company's control. Some aspects of this are referred to as dark funnel or dark social—engagement, buying processes, or sharing of content and points-of-view that impact adoption but aren't possible to see or track.

Comparison sites, reviews, ratings, social postings, shares, online forums, other people's content, and even employee buzz are just a search away. They collectively form a digital footprint that has enormous impact and quietly positions a product and the brand reputation of a company. Pay attention to the power of word-of-mouth and what people are saying. It can become your de facto positioning, even if your messaging and “official” marketing channels say something else.

The Long Game

I've zoomed in a lot on messaging in this chapter because it anchors how a product gets perceived. It's the starting line for a product's positioning.

But positioning happens slowly over time through all marketing actions. Persistence and consistency are key. You hold a market position much longer than any messaging. Its likewise much more challenging to change, so make sure to do this with intention from the start.

Intentional and accidental evangelists can create either lift or drag on all of this work, and they are the best way to scale go-to-market efforts. It's why enabling evangelism is Fundamental 4 of product marketing.

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